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Global Testing, Inspection, and Certification (TIC) Market Size, Trends & Growth Opportunity, By service (Inspection, Testing, and Certification), By Application (Cardiology, Laparoscopic, Neurology, Orthopaedic, and Others), By End User (Chemicals, Agric

Publisher QualiKet Research
Published Feb 11, 2023
Length 171 Pages
SKU # QUA17762537

Description

Global Testing, Inspection, and Certification (TIC) Market Size, Trends & Growth Opportunity, By service (Inspection, Testing, and Certification), By Application (Cardiology, Laparoscopic, Neurology, Orthopaedic, and Others), By End User (Chemicals, Agriculture and Food, Medical and Life Sciences), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.

Global Testing, Inspection, and Certification (TIC) Market

Global Testing, Inspection, and Certification (TIC) Market was valued at USD 165 billion in 2021 which is expected to reach USD 278.7 billion by 2027 at a CAGR 9.02 %from 2022 -2027.

The use of testing, inspection, and certification (TIC) stamps on various goods and services is necessary to guarantee their security and calibre and to increase their marketability. These services aid in fostering customer confidence. Future market expansion is anticipated to be fuelled by rapid industrialization and urbanization.

Market Drivers

The main factor that is anticipated to fuel the growth of the global testing, inspection, and certification (TIC) market is the rise in demand for testing services to guarantee the efficient interoperability of connected devices and networks.

Additionally, the continued development of networking and communication technologies will benefit market expansion. The market will grow as TIC services for small and medium-sized businesses become more accessible. Additionally, quick globalization will fuel the expansion of the testing, inspection, and certification (TIC) market.

Market Restraints

The growth of the global testing, inspection, and certification (TIC) market, however, is anticipated to be constrained by the varying standards and regulations in different nations.

Market Segmentation

The Global Testing, Inspection, and Certification (TIC) Market is segmented into service type such as Inspection, Testing, and Certification, by system type such as In-House, and Outsourced. Further, market is segmented into end use industry such as Chemicals, Agriculture and Food, Medical and Life Sciences, Oil & Gas, and Petroleum, Consumer Goods and Retail, and Others.

Regional Analysis

The Global Testing, Inspection, and Certification (TIC) Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The world market was dominated by Asia Pacific. The high revenue share can be attributed to the rapid economic growth of nations like China, India, Japan, and South Korea. As a result, the region's industrial and manufacturing activity has increased, providing the TIC market with growth opportunities.

Additionally, Singapore's rapidly evolving AI technology ecosystem makes it easier to develop software and programmes, which in turn helps the TIC market's testing and inspection services expand.

Market Key Players

Various key players are discussed in this report such as Sgs Group, Bureau Veritas, Intertek, Dekra Se, Eurofins Scientific, Tüv Süd, Dnv Gl, Tüv Rheinland, Applus+, Als Limited, and Tüv Nord Group.

Market Taxonomy

By Service Type
  • Inspection
  • Testing
  • Certification
By System Type
  • In-House
  • Outsourced
By End Use Industry
  • Chemicals
  • Agriculture and Food
  • Medical and Life Sciences
  • Oil & Gas and Petroleum
  • Consumer Goods and Retail
  • Others
By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Table of Contents

171 Pages
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Testing, Inspection, and Certification (TIC) Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Testing, Inspection, and Certification (TIC) Market, By Service Type
5.1 Y-o-Y Growth Comparison, By Service Type
5.2 Global Testing, Inspection, and Certification (TIC) Market Share Analysis, By Service Type
5.3 Global Testing, Inspection, and Certification (TIC) Market Size and Forecast, By Service Type
5.3.1 Inspection
5.3.2 Testing
5.3.3 Certification
6 Global Testing, Inspection, and Certification (TIC) Market, By System Type
6.1 Y-o-Y Growth Comparison, By System Type
6.2 Global Testing, Inspection, and Certification (TIC) Market Share Analysis, By System Type
6.3 Global Testing, Inspection, and Certification (TIC) Market Size and Forecast, By System Type
6.3.1 In- House
6.3.2 Outsourced
7 Global Testing, Inspection, and Certification (TIC) Market, By End Use Industry
7.1 Y-o-Y Growth Comparison, By End Use Industry
7.2 Global Testing, Inspection, and Certification (TIC) Market Share Analysis, By End Use Industry
7.3 Global Testing, Inspection, and Certification (TIC) Market Size and Forecast, By End Use Industry
7.3.1 Chemical
7.3.2 Agriculture & Food
7.3.3 Medical & Life Sciences
7.3.4 Oil & Gas and Petroleum
7.3.5 Consumer Goods and Retail
7.3.6 Others
8 Global Testing, Inspection, and Certification (TIC) Market, By Region
8.1 Global Testing, Inspection, and Certification (TIC) Market Share Analysis, By Region
8.2 Global Testing, Inspection, and Certification (TIC) Market Share Analysis, By Region
8.3 Global Testing, Inspection, and Certification (TIC) Market Size and Forecast, By Region
9 North America Testing, Inspection, and Certification (TIC) Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America Testing, Inspection, and Certification (TIC) Market Share Analysis, By Service Type
9.3 North America Testing, Inspection, and Certification (TIC) Market Size and Forecast, By System Type
9.4 North America Testing, Inspection, and Certification (TIC) Market Size and Forecast, By End Use Industry
9.5 North America Testing, Inspection, and Certification (TIC) Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Testing, Inspection, and Certification (TIC) Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe Testing, Inspection, and Certification (TIC) Market Share Analysis, By Service Type
10.3 Europe Testing, Inspection, and Certification (TIC) Market Size and Forecast, By System Type
10.4 Europe Testing, Inspection, and Certification (TIC) Market Size and Forecast, By End Use Industry
10.5 Europe Testing, Inspection, and Certification (TIC) Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Testing, Inspection, and Certification (TIC) Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific Testing, Inspection, and Certification (TIC) Market Share Analysis, By Service Type
11.3 Asia Pacific Testing, Inspection, and Certification (TIC) Market Size and Forecast, By System Type
11.4 Asia Pacific Testing, Inspection, and Certification (TIC) Market Size and Forecast, By End Use Industry
11.5 Asia Pacific Testing, Inspection, and Certification (TIC) Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Testing, Inspection, and Certification (TIC) Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America Testing, Inspection, and Certification (TIC) Market Share Analysis, By Service Type
12.3 Latin America Testing, Inspection, and Certification (TIC) Market Size and Forecast, By System Type
12.4 Latin America Testing, Inspection, and Certification (TIC) Market Size and Forecast, By End Use Industry
12.5 Latin America Testing, Inspection, and Certification (TIC) Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Testing, Inspection, and Certification (TIC) Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Middle East Testing, Inspection, and Certification (TIC) Market Share Analysis, By Service Type
13.3 Middle East Testing, Inspection, and Certification (TIC) Market Size and Forecast, By System Type
13.4 Middle East Testing, Inspection, and Certification (TIC) Market Size and Forecast, By End Use Industry
13.5 Middle East Testing, Inspection, and Certification (TIC) Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 SGS GROUP
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Bureau Veritas
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Intertek
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Dekra SE
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Eurofins Scientific
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 TÜV SÜD
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 DNV GL
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 TÜV Rheinland
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Als Limited
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Tüv Nord Group
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies

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