Testing, Inspection and Certification, Industry - and Market Effect, Challenges, Demand 2016, Forecast-2025, Research
"Testing,
Inspection and Certification (T.I.C.) Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024".
The Report covers current Market Trends, Analysis, Forecast, Review,
Share, Size, Growth, Effect.
Description-
The
primary role of testing,
inspection, and certification
companies is to ensure the maintenance of health, safety, and quality
requirements of their clients’ products. Testing, inspection, and
certification companies are engaged in inspection, verification,
testing and certification services wherein the major purpose is to
help increase the productivity and also help local manufacturers to
comply with the global standards. The global testing, inspection, and
certification market on the basis of application has been segmented
into seven types; oil & gas (onshore facilities and offshore
facilities), aerospace (avionics, interior and exterior lighting
systems, air frames, Passenger Service Units, rotor systems and
others), food and beverages (processed meat and poultry products,
dairy products, infant food products, organic food, beverages and
others), automotive (environmental exposure, durability/life cycle,
fuel systems, engine systems and batteries and others) ,automation
(energy, security and safety and other industrial equipment), textile
(fibre identification, chemical testing, feather & down testing,
thermal & water vapour resistance testing and others) and others.
The
market for testing, inspection, and certification is primarily driven
by factors such as stricter regulations and globalization. In recent
years, regulations pertaining to health, quality, and environment
safety have become strict. Food safety in particular needs various
certifications as it is concerned directly with an individual’s
health. Adherence to international testing, inspection, and
certification becomes critical as it increases the acceptability of
the product. Processed food contains various preservatives and the
manufacturers have to limit their use as per set standards.
Globalization on the other hand has led to increasing trade between
emerging economies. Imports from developing countries are required to
pass stringent tests in order to comply with international standards.
This results in an increased demand for TIC services on the part of
the manufacturers. Increase in the volume of traded goods has a
direct implication on the number of exercised inspecting and
certification services. Moreover, there has been an increasing focus
on the part of various companies to outsource their testing,
inspection, and certification services. Strict regulatory
requirements have resulted in increased cost to run in-house
laboratories. This has led to various companies outsourcing their
testing, inspection, and certification activities.
However,
lack of internationally accepted standards is a major restraint
impacting the growth of the testing, inspection, and certification
market. Different countries have their own different set of
standards. This factor influences the decision making of a
manufacturer whether to export or not to a given country. Standards
and regulations also vary between different types of products or
services. Meeting the international standards often results in an
increased cost as it might lead to the changing of the design of a
particular product or service.
The
competitive profiling of the key players in the global testing,
inspection, and certification market and their market shares across
five major geographic regions which include North America, Europe,
Asia Pacific (APAC) Middle East and Africa and Latin America has been
exhaustively covered under the purview of the study. Moreover, the
distinct business strategies that have been adopted by the major
players in the market have also been included in the report. For
providing a detailed insight into the global testing, inspection, and
certification market, the market attractive analysis has been
provided in the report.
A
comprehensive analysis of market dynamics, which include the market
drivers, restraints and opportunities, is included under the scope of
the report. Market dynamics are the distinctive factors that
influence the growth of the specific market and therefore help to
study the current trends in the global market. Thus, this report
provides an inclusive study of the global testing, inspection, and
certification market and also provides the forecast of the market for
the period from 2016-2024.
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