The
global testing, inspection, and certification (T.I.C.) market is
expected to develop rapidly during the period from 2015 to 2023.
Robust growth and development of the global testing, inspection, and
certification market is influenced by continuous introduction of
standards owing to technological advancements, globalization of
international standards and laws, improved risk awareness, emphasis
on prevention of risks, and improved safety legislation. Nowadays,
customers seek product safety and risk prevention assurance from
third parties.
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Europe
and North America Driving TIC Services Globally
The
global testing, inspection, and certification market is segmented on
the basis of geography and end use. By geography, the global testing,
inspection, and certification market is divided into regions such as
Asia Pacific, Europe, North America, and Rest of the World.
Europe
and North America were the two leading regional markets that
developed rapidly in 2015 and are expected to continue contributing
even more to the global market till 2023. With development
opportunities and technical advancements in testing, inspection, and
certification procedures, countries from the Asia Pacific region are
expected to attract huge investments during the forecast period.
Rapid growth in demand for testing, inspection, and certification
services from emerging companies in industries such as electronics,
healthcare, medical devices, automation, and pharmaceuticals will
further boost the global testing, inspection, and certification
market.
Lack
of directives from local governments and lack of globally accepted
standards are two of the major restraints on the global testing,
inspection, and certification market. With improved TIC services, the
global market is expected to grow rapidly during the forecast period.
Some of the TIC services offered by the leading companies are
industrial inspection, testing, quality services, safety services,
product performance testing, and shipment valuation. These services
make sure that international and domestic standards are met.
Testing
and inspection of products ensures that the quality standards of the
products are met. Certification services assure that the products are
manufactured following specific global and domestic terms. The
government organizations in countries across all the regions design,
develop, and distribute the globally accepted standards that are
followed for testing, inspecting, and certifying the products.
The
growth of the global testing, inspection, and certification market
has been remarkable over the past few years due to increasing
customer awareness about TIC in nearly every sector. Growing
contribution towards development of the global testing, inspection,
and certification market from Rest of the World will earn the
regional market a positive share during the forecast period.
The
leading companies in the global testing, inspection, and
certification market have been offering quality services across
various industries such as aviation, oil and gas, automotive,
petrochemicals, electrical, environmental, textile, agriculture, life
science, food, medical, consumer goods, pharmaceuticals, and others.
The global testing, inspection, and certification market is
widespread across regions across the globe, with many leading
companies contributing their share.
Some
of the leading companies in the global testing, inspection and
certification market are Bureau Veritas S.A., TUV SUD Group, Eurofins
Scientific, SGA S.A., British Standards Institution Group, Compliance
Engineering Pvt. Ltd., Intertek Group PLC., ASTM International, Exova
Group Plc, and Dayton T. Brown Inc.
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