SOURCE: Research and Markets

Research and Markets

February 23, 2016 12:29 ET

TIC Market Forecasts to 2020 -- Outsourcing of TIC Services to Third Party Services Providers Driving Growth

DUBLIN, IRELAND--(Marketwired - February 23, 2016) - Research and Markets has announced the addition of the "Testing, Inspection and Certification (TIC) Market -- Forecast to 2020" report to their offering.

The testing, inspection, and certification (TIC) market is expected to reach $50.60 Billion by 2020, growing at a CAGR of 5.00% between 2015 and 2020.

The testing, inspection, certification (TIC) market comprises companies that are specifically engaged in providing testing, inspection, and certification services. The purpose of these services is to improve productivity, help manufacturers meet the global standards, and enhance the quality of their products.

TIC market players are focusing towards expanding their geographical presence in emerging markets. They are expanding their portfolio and geographical reach through acquisitions and expansion strategies. Emerging markets have been witnessing an increasing demand for TIC services.

Formulation of stringent regulations and standards to ensure products' quality and safety, global trading of products, implementation of new regulations and standards in agriculture and environmental sectors, and outsourcing of TIC services to third party services providers are driving the growth of the testing, inspection and certification (TIC) market.

However, regional regulations and standards impact the globalization of trade, which could hamper the growth of the testing, inspection, and certification market.

Companies Mentioned:

  • ALS Limited
  • BSI Group
  • Bureau Veritas SA
  • Dekra Certification GmbH
  • Intertek Group PLC
  • SAI Global
  • SGS Group
  • TUV Nord Group
  • TUV Rheinland Group
  • Tüv Sud Group
  • UL LLC

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Testing, Inspection, and Certification (TIC) Market, By Application

8 Geographic Analysis

9 Competitive Landscape

10 Company Profiles

For more information visit http://www.researchandmarkets.com/research/cztdvs/testing.

Sector: Mining

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