What is Testing, Inspection, and Certification?
Testing, inspection and certification is the process of assessment of the quality. This process consists of both in-house and outsourcing. Testing is the process of identifying the defects in the product or any service which is done by a procedure. Inspection is the examination of the product process or design. Certification is given by the third party after observing the process, design and installation of the product.
What are the major applications for Testing, Inspection and Certification?
Testing, inspection and certification applications includes in different industries like food, life sciences, medicine, agriculture, automotive, oil & gas, marine, commodities, building & infrastructure, industrial equipment and many more. In Infrastructure inspection is done on pipelines, cable ways and in many more.
Market Research and Market Trends of & Testing, Inspection Certification
Bureau veritas which is a leading player in testing industry has acquired 65% of share in Mckenzie. This acquisition will help the company to have the leadership position in construction industry.
To reduce the in-house cost for testing, inspection and certification many companies are now moving towards outsourcing the TIC activities. This will even reduce the responsibilities for compliance issues to third parties.
Who are the Major Players in Testing, Inspection Certification?
The companies referred in the market research report includes SGS group, Bureau Veritas SA, Intertek group PLC, DNV GL group, DEKRA SC, Eurofins, TUV SUD, TUV Nord group.
What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.
Key Takeaways from this Report
- Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
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