Testing, Inspection and Certification (TIC) Market Size to Reach USD 12.700 Billion by 2025 - Valuates Reports
BANGALORE, India, May 4, 2020 /PRNewswire/ -- The global testing, inspection and certification market size was estimated at USD 8.720 Billion in 2018 and is projected to hit USD 12.700 Billion by 2025.
The field of testing, inspection, and certification consists of conformity assessment bodies that offer services ranging from auditing and inspection to monitoring, verification, quality assurance, and certification. The sector consists of the services, both in-house and outsourced.
This report focuses on the status of global testing, inspection and certification, future outlook, opportunities for development, key industry, and key players. The study goals are to address the production of research, inspection, and qualification in the USA, Europe, and China.
TRENDS INFLUENCING THE TIC MARKET SHARE
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TIC MARKET SHARE ANALYSIS
THE KEY PLAYERS COVERED IN THIS STUDY
TIC MARKET SEGMENT BY TYPE, THE PRODUCT CAN BE SPLIT INTO
TIC MARKET SEGMENT BY APPLICATION, SPLIT INTO
TIC MARKET SEGMENT BY REGIONS/COUNTRIES, THIS REPORT COVERS
SIMILAR REPORTS :
In 2018, the global Testing, Inspection and Certification for Apparel Footwear Handbags Market size was USD 5.088 Billion and was forecast to hit USD 7.065 Billion by the end of 2025, at a CAGR of 4.8 percent in 2019-2025.
Exports of Apparel / Footwear / Handbags Industries from developing regions and the growth of the demand for technical apparel/footwear / Handbags Industries are some of the factors driving the TIC market.
The global Automotive Testing, Inspection and Certification Market size was USD 14.000 Billion in 2018 and is forecast to hit USD 20.500 Billion by the end of 2025, at a CAGR of 5.6% in 2019-2025.
The Automotive Testing, Inspection, and Certification (TIC) industry consists of compliance evaluation bodies offering services ranging from auditing and examination to monitoring, verification, quality control, and certification. Thanks to the involvement of some of the world's leading car manufacturers and a rapidly growing domestic automotive industry, Europe dominated the automotive testing, inspection, and certification (TIC) market in 2017 with 43.7 percent share.
This study focuses on the status of global services for testing, inspection, and certification, future outlook, growth potential, key industry, and key players. The objective of the report is to present the development of testing, inspection, and certification services in the USA, Europe, and China.
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SOURCE Valuates Reports