Hyderabad, India, March 15, 2017 (GLOBE NEWSWIRE) -- The report “Testing, Inspection and Certification Market: By Applications (Quality & Safety Services, Product Performance, Industrial Inspection, Others) By End-User (Automotive, Food, Medicine, Oil & Gas, System Compliance, Commercial & Others)– Forecast(2016-2021)”, published by IndustryARC, estimates that Asia-Pacific will assume a leadership position, in terms of market share, during the forecast period.
Browse 11 Market Tables, 96 Figures spread through 223 Pages and an in-depth TOC on “ Testing, Inspection and Certification Market 2016-2021 ”
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Scope & Regional Forecast of the Testing, Inspection and Certification Market:
Testing, Inspection and Certification is done for confirming the safety, availability and cost effectiveness of a product. TIC companies ensure that their clients meet the required health, safety and quality requirements. The TIC companies also provide inspection, verification, testing and certification services related to auditing, consulting and training the end-users to ensure that they meet the required quality and regulatory standards. The TIC service is being done to increase productivity and help manufacturers to meet global standards and manage risk. They also ensure on the improvement of quality, safety and compliance of a company’s products and services.
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The global market for Testing, Inspection and Certification (TIC) has been segmented based on testing methodologies, TIC services and end user industries. The report includes market estimations of various testing methodologies namely External Condition (Visual Testing, Magnetic Particle Testing, Eddy Current Testing, Penetrant Testing, etc.) and Internal Condition (Ultrasonic Testing, Radiographic Testing, Leakage Testing, other). The global market is also segmented based on applications and is categorized into Quality and Safety Services, Product Performance Evaluation, Certification and Valuation of Shipments, Valuation of imports with respect to standards, Industrial Inspections among others. On the basis of end user industries the market has been segmented into Agricultural, Automotive, Food, Life Science, Medicine, Oil and Gas, Commercial, etc.
There are many key players operating in the global TIC Market. SGS (Switzerland) and Bureau Veritas (France), Intertek (UK), Campbell (Australia) and UL (USA) held a majority market share in 2015. By increase in the export of goods, all of which need to be compliant with Western standards, new regulations for products sold to the developing domestic markets, high entry barriers and safety and quality concerns are giving up a boost for TIC Market.
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Prominent Segmentations Involved in the Testing, Inspection and Certification Market:
The Testing, Inspection and Certification Market can be broken down into various segmentations on the basis of –
- Testing Methodology: External Condition (Visual Testing, Magnetic Particle Testing, Eddy Current Testing, Penetrant Testing). Internal Condition (Ultrasonic Testing, Radiographic Testing, Leakage Testing) and Others.
- Application: Quality and Safety Services, Product Performance Evaluation, Certification and Valuation of Shipments, Valuation of imports with respect to standards, Industrial Inspections (Maintenance Turnarounds, System Certification, Supplier Evaluation, Laboratory Outsourcing),
- Others.
- End User Industry: Agriculture, Automotive, Food, Consumer, Medicine & Life Science, Oil and Gas, System Compliance, Others.
- Geographic Location: Americas, Europe, Asia-Pacific and Rest of the world.
Some of the sample companies profiled in the Testing,Inspection and Certification Market report are as follows:
- Total International
- CSA Group
- PT Carsurin
- KCS Group of Companies
- Universal Inspectorate & Services Co Ltd
- V-Trust Inspection Service Co. Ltd
- E.QU.A. Srl
- AlmatyExpertise Ltd
- Intertek Group Plc
- Engineering Bureau Franke International
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- Get a detailed picture of the Testing, Inspection and Certification Market.
- Pinpoint growth sectors and identify factors driving change.
- Understand the competitive environment, the market’s major players and leading brands.
- A five-year forecast method is used in order to assess how the market is predicted to develop.
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