The overall market can be segmented based on testing Methodology, TIC services and end user industries. This report consists of various testing methodology i.e. External Condition (Visual Testing, Magnetic Particle Testing, Eddy Current Testing, Penetrant Testing, etc.) and Internal Condition (Ultrasonic Testing, Radiographic Testing, Leakage Testing, etc.). On the basis of TIC application, the market can be categorized as Quality and Safety Services, Product Performance Evaluation, Certification and Valuation of Shipments, Valuation of imports with respect to standards, Industrial Inspections, etc.
Testing Inspection and Certification (TIC) market players are focusing towards expanding their geographical presence in emerging markets. They are expanding their portfolio and geographical reach through acquisitions and expansion strategies. Emerging markets have been witnessing an increasing demand for TIC services.
Segment Analysis:
The report provides a detailed segmentation of the said market on the basis of application and geography. The TIC market has been segmented based on application into Life science, Medical, Automotive, environmental compliance, consumer products, agriculture, and mining.
MARKET TRENDS & MARKET GROWTH:
The growth in the Testing Inspection and Certification Market can be attributed to the increase in demand for the connected products and the high standards set by the industries to meet the production target.
According to the latest market research report by IndustryARC, the Testing Inspection and Certification Market shall most probably get more growth in the period 2016-2020.
The main objectives of the report was to analyze the market trends for various segments of the testing, inspection, and certification (TIC) market along with, forecasting their respective growth rates. Moreover, the report also includes the Porters’ Five Forces analysis, supply chain analysis, and market dynamics of the TIC market. The market dynamics include the drivers, restraints, opportunities, and challenges for the said market.
REPORT SCOPE: Market Segmentation:
Testing Inspection and Certification Market is broadly segmented into 3 types with further classifications. Broad factors being:
1. By Testing Methodology: Visual Testing, Magnetic Particle Testing, Eddy current testing, Ultrasonic testing, Radiographic Testing, Leakage testing.
2. By Application: Quality and safety services, Product performance evaluation, Certification and valuation of shipments, Industrial inspections.
3. By Geography: America, Europe, APAC, ROW.
Key Players:
The Major companies of Testing Inspection and Certification are below,
• Eurofins Scientific, Inc.
• Bureau Veritas S.A.
• Dekra SE
• Intertek Group PLC
• Saudi Ground Services Co. And Others
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