Dec 2018, New York USA (News) – The primary role of testing, inspection, and certification is to ensure the maintenance of the health, safety, and quality requirements products. Testing, inspection, and certification companies are engaged in inspection, verification, testing and certification services to help increase productivity and also help local manufacturers comply with the global standards.
Europe is the largest regions of Testing, Inspection and Certification, with revenue market share about 38.51% in 2017, North America following Europe, takes revenue market share of 27.38%. Asia-Pacific is an important market of Testing, Inspection and Certification, accounting for 22% revenue market share.
The application of Testing, Inspection and Certification included Consumer Product, Commodities, Industry, LFE and Other industry. Industry is the largest application takes revenue market share of 50% in 2017. LFE is the second application takes revenue market share of 24% in 2017.
SGS Group, Bureau Veritas, Dekra Certification, Intertek, TUV SUD, Eurofins Scientific, DNV, TUV Rheinland, UL LLC, ALS Limited and TUV Nord Group is the top player in the industry, they together with 39.36% market share.
Over the next five years, RRI Information projects that Testing, Inspection and Certification will register a 5.9% CAGR in terms of revenue, reach US$ 12300 million by 2023, from US$ 8720 million in 2017.
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In this report, Publisher studies the present scenario (with the base year being 2017) and the growth prospects of global Testing, Inspection and Certification market for 2018-2023.
Major Market Players
SGS Group, Bureau Veritas, Dekra Certification, Intertek, TUV SUD, Eurofins Scientific, DNV, TUV Rheinland, UL LLC, ALS Limited, TUV Nord Group, Mistras Group, SAI Global, BSI Group, Exova Group
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Segmentation by product type:
Segmentation by application:
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To study and analyze the global Testing, Inspection and Certification consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Testing, Inspection and Certification market by identifying its various sub-segments.
Focuses on the key global Testing, Inspection and Certification manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Testing, Inspection and Certification with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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