Global Testing, Inspection and Certification Market is projected to reach USD 249.4 billion by 2027 from USD 207.2 billion in 2021; it is expected to grow at a CAGR of 3.8% from 2021 to 2027.
Testing, Inspection, and certification (TIC) stamps of different products and Services are essential in order to ensure safety and quality to improve marketability. These services are helpful in developing trusts among customers. Rapid industrialization and urbanization expected to grow the market in near future.
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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
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QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
OCT 30 2020: The global Testing, Inspection, and Certification market size is expected to reach USD 404.7 billion by 2025, according to a new report by Grand View Research, Inc.
The market incumbents cater to various range of industries and sectors across the globe with a variety of legislation and standards.Owing to the increasing presence of international players in growing economies, such as India and China, governments are taking the help of these industry participants for regulating the quality of various products and services through third-party inspection services.
Furthermore, with the gradual development of these economies, issues concerning food safety standards and environmental protection are anticipated to emerge over the forecast period.
Consumer concerns related to health and safety issues arising from the use of consumer electronics, as well as the quality of consumer goods, has necessitated governments to regulate the quality of the products manufactured domestically.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/testing-inspection-certification-market/request-sampleAlso, an upsurge in the volume of traded goods has a direct impact on the number of certifications and inspecting services.
With globalization, supply chains are increasingly becoming more complex.
Organizations are aiming to ensure that processes, infrastructures, and products meet the required regulations and standards in terms of social responsibility, environmental protection, health and safety, and quality, thus reducing the risk of accidents and failure.
