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Quality Control Market - Forecast (2020 - 2025)

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  • 115 Pages
  • March 2020
  • Region: Global
  • IndustryARC
  • ID: 5021632
Quality Control Market Overview:

According to the National Sanitation Foundation (NSF) International, approximately global food industry suffers the burden of $49 billion owing to food fraud which is a serious issue all over the world. Encountering major problems related to quality analysis of the industrial food hinders brand image and loss of reliable customers consequently slowing the pace of economic build-up. Quality control facilitates standard measures for product inspection, which thereby lowers the production cost, builds a healthy owner-consumer relationship, ensures safe brand identity, and increases sales and overall product price. Not only this process gauges quality management and problem identification for food and beverage industry, it also identifies any unsatisfactory product feature both in the government and private industrial firms, organizations, medical facilities, project management, and many others. It is essential for every manufacturing company to maintain customers’ trust and uniform commodity quality for established business and long-term survival in the current competitive landscape gradually increasing the global quality control market demand which is evaluated to grow at a CAGR of 6.18% through to 2025. This continuously amplifies the global quality control market size owing to which it leveraged a huge profit of $36.89 billion as of 2020.

Annually food and beverage industry contributes around $31.1 billion to the UK economy along with a total of $23 billion exported food and drink services. This exponential data reflects the expanding opportunity for quality control system in this region extracting huge revenue income through it. Europe contributed a regional share of 31.18% to the global quality control market in the year 2020 attributing to the rising supply-demand chain. Automotive and public infrastructure are the two most macroeconomic industries which constantly require effective quality analysis and management procedures to persist in the ever-changing business market. Resultantly, this key segment will exert huge demand for quality control services which is projected to increase at a noticeable CAGR of 7.47% during the forecast period 2020-2025.

Quality Control Market Growth Drivers:

  • Growing industrialization and colossal investment on quality analysis of consumer products due to stringent government rules will significantly propel the global quality control market growth.

  • Increasing instances of food adulteration, adverse drug reaction, and counterfeit products will enable frequent quality checks thereby ballooning the quality control market demand and revenue income.

Quality Control Market Key Players:

The key leaders in the quality control market includes Formel D (Deutsche Beteiligungs AG), SGS Group, Trigo, Eurofins, TUV SUD, DNV GL Group, TUV Nord Group, Dekera SE, Exact Systems, Bureau Veritas SA, and many others.

SGS Group is one of the leading companies which provides expert inspection, verification, testing services to its customers for boosting the efficiency of any business activities.

Quality Control Market Trends:

  • The invasion of cloud computing technologies has etched a mark in the quality control and management market with multiple boons such as cost-effectiveness, chatbots facilities which facilitate detailed customer feedbacks and connected mobile device support. This helps the business owners to effectively produce quality products as well as reach the peak of customer expectations.

  • In collaboration with the hybrid and agile methodologies of project management in an industrial firm, a quality control process is implemented with ease due to proper plans, guidance, and project tracking methods.

Quality Control Market Research Scope:

The base year of the study is 2020, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Quality Control market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Quality Control in the Quality Control market and their specific applications in different areas.

Quality Control Market: Industry Coverage:

The global quality control market is classified into different segments such as type, procedure, services offered, and industry vertical. On the basis of type, the segmentation includes in-house and outsourced. Based on procedure categorization includes inspection and audit. By services offered the quality control market can be bifurcated into preventive QC, corrective QC, laboratory, and others. Sub segments under industry verticals include automotive, consumer goods and retail, aerospace, and many others.

The Quality Control market also analyzes the major geographic regions for the market as well as the major countries for the market in these regions.

The regions and countries covered in the study include:    

  • North America: The U.S., Canada, Mexico

  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

  • Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark

  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

  • Middle East and Africa: Israel, South Africa, Saudi Arabia

Table of Contents

1. Quality Control Market - Overview
1.1. Definitions and Scope
2. Quality Control Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Quality Control Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis
4. Quality Control Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes
5. Quality Control Market -Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
5.4. Suppliers and distributors Market Share
6. Quality Control Market – By Type (Market Size -$Million / $Billion)
6.1. Market Size and Market Share Analysis
6.2. Application Revenue and Trend Research
6.3. Product Segment Analysis
6.3.1. In-House
6.3.2. Out Sourced
7. Quality Control Market – By Procedure (Market Size -$Million / $Billion)
7.1. Inspection
7.2. Audit
8. Quality Control Market – By Services Offered (Market Size -$Million / $Billion)
8.1. Preventive Quality Control Services
8.1.1. Supplier Sourcing and Auditing
8.1.2. Inspections (Pre-shipment, In-Progress, In-Coming)
8.1.3. Sorting
8.1.4. Final Product Quality Control Testing
8.1.5. Others
8.2. Corrective Quality Control Services
8.2.1. Problem Identification
8.2.2. Rework
8.2.3. Repair (Components and final products)
8.3. Laboratory Services
8.3.1. Material Testing
8.3.2. Safety Testing
8.3.3. easurement Testing
8.3.4. Others
8.4. Engineering Support Services
8.4.1. Resident Engineering Services
8.4.2. Verification and analysis of defects
8.4.3. Process quality assurance
8.4.4. Production process enhancement
8.4.5. Others
9. Quality Control Market – By Industry Vertical (Market Size -$Million / $Billion)
9.1. Agriculture Machinery
9.2. Automotive
9.2.1. Light Vehicle Vehicle Refurbishment Vehicle Retrofit Pre-Delivery Inspection (PDI) Preparation Show Cars Fleet Management Automotive Electrical Systems and Components testing Electric Vehicle testing Hybrid Electric Vehicles Testing Automotive Battery Systems Testing
9.2.2. Heavy Vehicles
9.2.3. Heavy Equipment
9.2.4. Others
9.3. Oil & Gas
9.3.1. Upstream
9.3.2. Midstream
9.3.3. Downstream
9.3.4. Biofuel and Feedstock
9.4. Marine
9.4.1. Ship Classification Services
9.4.2. Marine Fuel System
9.4.3. Marine Materials
9.5. Aerospace
9.5.1. Unmanned Vehicles
9.5.2. Manned Vehicles
9.6. Public Infrastructure
9.6.1. Railway Testing Inspection
9.6.2. Roadway Testing Inspection
9.6.3. Others
9.7. Manufacturing
9.7.1. Supplier Related Services
9.7.2. Production and Products Related Services
9.7.3. Project Related Services
9.8. Metal and Mining
9.8.1. Inspection and Sampling
9.8.2. Exploration
9.8.3. Production and Plant Services
9.8.4. Site Operations and Closure
9.9. Chemical
9.9.1. Finished Product
9.9.2. Chemical Feedstock
9.9.3. Others
9.10. Medical and Life Science
9.10.1. Medical Devices
9.10.2. Health, Wellness and Beauty
9.10.3. Clinical Services
9.10.4. Lab Services
9.10.5. Biopharmaceutical and Pharmaceutical
9.10. Power and Energy
9.11.1. Power Generation Renewable Sources Solar Wind Non Renewable Sources Thermal Nuclear Others
9.11.2. Power Transmission
9.11.3. Power Distribution
9.11.4. Others
10. Quality Control - By Geography (Market Size -$Million / $Billion)
10.1. Quality Control Market - North America Segment Research
10.2. North America Market Research (Million / $Billion)
10.2.1. Segment type Size and Market Size Analysis
10.2.2. Revenue and Trends
10.2.3. Application Revenue and Trends by type of Application
10.2.4. Company Revenue and Product Analysis
10.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
10.3. Quality Control - South America Segment Research
10.4. South America Market Research (Market Size -$Million / $Billion)
10.4.1. Segment type Size and Market Size Analysis
10.4.2. Revenue and Trends
10.4.3. Application Revenue and Trends by type of Application
10.4.4. Company Revenue and Product Analysis
10.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
10.5. Quality Control - Europe Segment Research
10.6. Europe Market Research (Market Size -$Million / $Billion)
10.6.1. Segment type Size and Market Size Analysis
10.6.2. Revenue and Trends
10.6.3. Application Revenue and Trends by type of Application
10.6.4. Company Revenue and Product Analysis
10.6.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
10.7. Quality Control – APAC Segment Research
10.8. APAC Market Research (Market Size -$Million / $Billion)
10.8.1. Segment type Size and Market Size Analysis
10.8.2. Revenue and Trends
10.8.3. Application Revenue and Trends by type of Application
10.8.4. Company Revenue and Product Analysis
10.8.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia
11. Quality Control Market - Entropy
11.1. New product launches
11.2. M&A's, collaborations, JVs and partnerships
12. Quality Control Market Company Analysis
12.1. Market Share, Company Revenue, Products, M&A, Developments
12.2. Trigo
12.3. Aktrion Group
12.4. Exact Systems
12.5. Formel D
12.6. Invenio
12.7. G&P Quality Knowledge Service
12.8. Redi-Group
12.9. SGP Group
12.10. Bureau Veritas SA
12.11. DNV GL Group
12.12. SGS Group
12.13. Eurofins
12.16. Company 15 & More
13. Quality Control Market -Appendix
13.1. Abbreviations
13.2. Sources