In this report, LP Information studies the present scenario (with the base year being 2017) and the growth prospects of global Testing, Inspection and Certification（TIC） market for 2018-2023.
Companies provide inspection, verification, testing and certification services and related support functions such as auditing, consulting and training. The purpose of these services is to increase productivity, help local manufacturers meet global standards, manage risk, and improve the quality, safety and compliance of a company’s products and services.
EU is the largest regions of Testing, Inspection and Certification, with revenue market share about 38.89% in 2016, United States, following EU, takes revenue market share of 27.48%. China is an important market of Testing, Inspection and Certification in Asia, accounting for 12.33% revenue market share.
The application of Testing, Inspection and Certification included Consumer Product, Commodities, Industry, LFE and Other industry. Industry is the largest application takes revenue market share of 51.18% in 2016. LFE is the second application takes revenue market share of 24.14% in 2016.
Over the next five years, LPI(LP Information) projects that Testing, Inspection and Certification（TIC） will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares and growth opportunities of Testing, Inspection and Certification（TIC） market by product type, application, key companies and key regions.
To calculate the market size, LP Information considers value generated from the sales of the following segments:
Segmentation by product type:
Testing
Inspection
Segmentation by application:
Consumer Product
Commodities
Industry
LFE
We can also provide the customized separate regional or country-level reports, for the following regions:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East and Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
SGS Group
Bureau Veritas
Dekra Certification
Intertek
TUV SUD
Eurofins Scientific
DNV
TUV Rheinland
UL LLC
ALS Limited
TUV Nord Group
Mistras Group
SAI Global
BSI Group
Exova Group
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Testing, Inspection and Certification（TIC） market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Testing, Inspection and Certification（TIC） market by identifying its various subsegments.
Focuses on the key global Testing, Inspection and Certification（TIC） players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Testing, Inspection and Certification（TIC） with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Testing, Inspection and Certification（TIC） submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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