Testing, Inspection and Certification Market is estimated to reach USD 115 billion by 2022

PUNE, India, Jan. 16, 2017 /PRNewswire/ -- Market Research Future published a half-cooked research report on Testing, Inspection & Certification (TIC) Market. The global market for Testing, Inspection & Certification (TIC) market is expected to grow over the CAGR of around 5% during the period 2016 to 2022 and expected to grow at market size of USD 115 billion in 2022.

Market Highlights

The Global Testing, Inspection & Certification (TIC) market has been evaluated as growing market and expected that the market will touch high growth figures in Asia-Pacific region during forecast period.

Recently, in December 2016, SGS group has implemented new verification program for import business and has replaced existing pre-shipment inspection program. Under this new verification process a non-intrusive inspection process is performed on arrivals of goods to Cameroon. It has also acquired Laagrima, headquartered in Morocco to diversify its testing business to food and hospitality market. Other major market players such as BSI Group, SAI Global Limited, MISTRAS Group, Inc., and UL LLC among others is also investing and developing testing & inspection methods which thereby is fuelling the market growth.

Browse TIC Market Report @ https://www.marketresearchfuture.com/reports/testing-inspection-certification-market

Testing, Inspection & Certification (TIC) Market:

The Testing, Inspection & Certification (TIC) can be segmented into types and end-users. Types of Testing, Inspection & Certification (TIC) available in the market are in-house testing and outsourced testing among others. End-user segment is categorized into Oil & gas, aerospace, food & beverage, automotive, petroleum and textile among others.

The major participants of this market are SGS group (Switzerland), Bureau Veritas SA (France), Dekra Certification GmbH (Germany), Intertek Group plc. (U.K.), ALS Limited (Australia), ASTM International (U.S.), BSI Group (U.K.), SAI Global Limited (Australia), MISTRAS Group, Inc.(U.S.), and UL LLC (U.S.) among others.

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/1947 

Market Research Analysis:

Globalization has led to increase trade between emerging countries. At present, during import and export of the industrial products, strict rules and stringent quality check procedure has been applied before transportation of the products. Testing, inspection & certification is the essential and growing requirement of manufacturing units by various industrial sectors. To certain with product quality check without any rejection before product transportation, industries are adopting testing and inspection services into their production process.

The high demand of testing, inspection & certification (TIC) by various industrial sectors such as textiles, automotive, petrochemical, and oil & gas sector followed by aerospace and food & beverage sectors. The increasing inclination of out-sourced testing services, growing awareness about quality check among consumers, and growing manufacturing units in emerging economies such as China and India is supporting the market growth of testing, inspection and certification services.

Browse Related Report

Big Data as a Service Market; https://www.marketresearchfuture.com/reports/big-data-as-a-service-market

Self-Service Analytics Market; https://marketresearchfuture.com/reports/self-service-analytics-market 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Akash Anand,

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: [email protected] 

SOURCE Market Research Future

Related Links

https://www.marketresearchfuture.com