Testing, Inspection, and Certification Services Market to register extensive growth from transportation segment

Testing, Inspection, and Certification Services Market in transportation segment is expected to gain momentum during the forecast timeframe. Besides helping to control the quality, effective testing and inspection processes aid in minimizing rejections, reduce manufacturing costs and identify reasons for a defective output. The transportation segment, in general, constitutes a major part of the global manufacturing industry where thousands of components or auto parts go through daily quality checks.

The testing, inspection, and certification services market in outsourcing is estimated to grow at a CAGR of over 8% during the forecast period. The demand for the third-party companies is driven by the development of various government regulations & standards to improve product the quality and efficiency.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2318

As per estimates, the EU alone produced over 17 million passenger cars and 2.6 million commercial vehicles in 2017. With strict regulations in place to enhance the fuel efficiency of future vehicles and reduce carbon emissions, the testing, inspection, and certification services market will experience tremendous growth from testing and inspection of advanced auto components and manufacturing processes. New processes need to be sufficiently tested before implementation and vigorously inspected for any faults or defects to ensure product uniformity.

The testing, inspection, and certification services market is propelled by the increasing trend of outsourcing services. The companies are leveraging on the third-party companies to minimize their operation cost and focus on their core business competencies. The stringent government regulations pertaining to the product safety and health also drive the demand for testing, inspection, and certification services market.

The testing, inspection, and certification services market is rapidly witnessing demand from the healthcare and life sciences segment, with test and inspection reports of pharmaceutical equipment being critical in assessing whether the international standards are met. TIC companies are trying their best to evolve with technological developments and remain up-to-date with new regulations pertaining to safety and quality. Products, apparatus and supply chains are subject to quality testing activities regularly, as pharmaceutical companies are responsible for providing vital therapeutic solutions.

Browse key industry insights spread across 250 pages with 210 market data tables & 31 figures & charts from the report, “Testing, Inspection, and Certification Services Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/testing-inspection-certification-tic-market

Europe is leading the testing, inspection, and certification services market with more than 40% share in the revenue in 2017. The growth is credited to the stringent government standards to promote consumer safety and improve the product quality. Moreover, the presence of commonly-accepted standards across the European Union member countries has further nurtured the growth. On the other hand, Asia Pacific is anticipated to grow substantially at a CAGR of over 9% during the forecast period. The testing, inspection, and certification services market demand is driven by the rapid urbanization and industrialization in the emerging economies including India and China.

Overall, the testing, inspection, and certification services market will undergo remarkable transformation due to incessant developments in the life sciences field, resulting from the existence of rigorous certification eligibilities in healthcare and mandates that demand high quality control. Slated to record a 6% CAGR from 2018 to 2024, the TIC services market is highly dispersed with key players like Intertek, SGS SA, Bureau Veritas, DEKRA, TUV SUD, Apave and Eurofins being the major participants.

Table Of Content For This Research Report:

Chapter 5.   Global TIC Services Market, By Service

5.1. Key trends, by service

5.2. Testing

5.2.1. Market estimates and forecast, 2013 – 2024

5.2.2.  Market estimates and forecast, by region, 2013 – 2024

5.3. Inspection

5.3.1. Market estimates and forecast, 2013 – 2024

5.3.2.  Market estimates and forecast, by region, 2013 – 2024

5.4. Certification

5.4.1. Market estimates and forecast, 2013 – 2024

5.4.2.  Market estimates and forecast, by region, 2013 – 2024

5.5. Others

5.5.1. Market estimates and forecast, 2013 – 2024

5.5.2.  Market estimates and forecast, by region, 2013 – 2024

Chapter 6.   Global TIC Services Market, By Type

6.1. Key trends, by type

6.2. In-house

6.2.1. Market estimates and forecast, 2013 – 2024

6.2.2.  Market estimates and forecast, by region, 2013 – 2024

6.3. Outsource

6.3.1. Market estimates and forecast, 2013 – 2024

6.3.2.  Market estimates and forecast, by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/testing-inspection-certification-tic-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us 

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]
Web: www.gminsights.com