Redding, California, April 05, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled, ‘Testing, Inspection, and Certification Market by Service (Testing Services, Inspection Services, Certification Services), Sector (Agriculture and Food, Retail, Automotive, Construction) - Global Forecast to 2030,’ the testing, inspection, and certification market is projected to reach $150.9 billion by 2030, at a CAGR of 5.7% during the forecast period of 2023 to 2030.
Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5151
Testing, inspection, and certification (TIC) services help companies operating across various industrial verticals improve their productivity, efficiency, and process within departments. Such services help organizations meet globally recognized standards, regulations, and policies set by governments to improve the product's quality.
Earlier, TIC services' performance was strictly confined to internal operations and was conducted within a particular department. However, factors such as consistently growing competition, pressure to concentrate on core operations, and efforts to reduce overhead expenses encourage companies to opt for third-party TIC services. This significantly encourages the market growth of outsourced testing, inspection, and certification services. Besides, TIC services also help companies build brand recognition among consumers, thus boosting sales and earning better profits.
Meticulous Research® has segmented this market based on service, sector, and geography for efficient analysis. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5151
Based on service, in 2023, the testing services segment is expected to account for the largest share of the testing, inspection, and certification market. The large market share of this segment is attributed to the strong recommendations from regulatory authorities to ensure safety and the growing emphasis from companies to improve product quality. However, the certification services segment is projected to register the highest CAGR over the forecast period.
Based on sector, in 2023, the agriculture and food segment is expected to account for the largest share of the testing, inspection, and certification market. The large market share of this segment is attributed to the growing demand for organic and processed food and the need to ensure quality and improve the productivity of food products. This segment is also projected to register the highest CAGR over the forecast period.
Quick Buy – Testing, Inspection, and Certification Market Research Report: https://www.meticulousresearch.com/Checkout/76157052
Based on geography, in 2023, Europe is expected to account for the largest share of the global testing, inspection, and certification market. The growth of this market is driven by the dynamic mandatory certification and government compliance and the presence of several industrial control and smart equipment manufacturers in the region. However, Asia-Pacific is slated to register the highest CAGR during the forecast period. This market is expected to witness rapid growth during the forecast period due to the strict regulatory standards imposed by governments, growing consumer awareness towards quality and environmental safety, and the rise in the illicit trade of forged & pirated goods.
The key players operating in the testing, inspection, and certification market are SGS S.A. (Switzerland), Bureau Veritas S.A. (France), Intertek Group Plc. (U.K.), TÜV SÜD (Germany), Dekra SE (Germany), TÜV Rheinland Ag Group (Germany), APPLUS+ (Spain), Eurofins Scientific SE (U.S.), British Standards Institution (BSI) (U.K.), TÜV Lloyd’s Register Group Limited (U.K.), Mistras Group, Inc. (U.S.), DNV GL (Norway), Element Materials Technology Ltd. (U.K.), ALS Ltd. (Australia), and UL LLC (U.S.).
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/testing-inspection-and-certification-market-5151
Scope of the Report:
Testing, Inspection, And Certification Market Assessment, by Service
- Testing Services
- Inspection Services
- Certification Services
Testing, Inspection, And Certification Market Assessment, by Sector
- Agriculture and Food
- Retail
- Construction
- Machinery & Equipment
- Oil & Gas
- Chemicals
- Automotive
- Mining
- Transportation
- Healthcare
- Energy & Utilities
- Marine
- Government
- BFSI
- Other Sectors
Testing, Inspection, And Certification Market Assessment, by Geography
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
-
- Asia-Pacific
-
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
-
- Latin America
-
- Mexico
- Brazil
- Rest of Latin America
-
- Middle East & Africa
-
- UAE
- Israel
- Rest of Middle East & Africa
-
Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5151
Related Reports
Automotive TIC Market by Service (Testing, Inspection, Certification), Sourcing, Supply Chain (Design, Production), Application (VIS, Materials, Components, EVs, Fuels, Lubricants, Homologation, ADAS, Telematics), and Geography – Global Forecast to 2027
https://www.meticulousresearch.com/product/automotive-tic-market-4977
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Content Source: https://www.meticulousresearch.com/pressrelease/329/testing-inspection-and-certification-market-2030
