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Testing, Inspection and Certification (TIC) Market by Products & Geography - Global Forecast to 2020

DUBLIN, Ireland, March 12, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/j3k2xc/testing) has announced the addition of the "Testing, Inspection and Certification (TIC) Market by Products & Geography - Global Forecast to 2020" report to their offering. 
     (Logo: http://photos.prnewswire.com/prnh/20130307/600769 )

The testing, inspection and certification market offers services to ensure that the product meets definite quality, technical safety, and performance regulatory standards. Generally, it is carried out in laboratories and help manufacturers to improve marketability of their products as well as to lower costs in pre-production phase. The inspection services involve examination of the traded goods from manufacturing to end-user, so as to ensure that the goods comply with the buyer's specifications. Certification services confirm the result of a test or inspection against pre-specified set of standards set by the governments, international standardization institutions.

Economic developments, growth in international trade, awareness among the end-users, and regulations and mandates by the government are driving the overall market. The certificate industry has observed a large number of mergers and the top players are expanding their base in the opportunistic market segments.

The report segments the testing, inspection and certification market on the basis of different products and geography. The products segment consists of electronics products and automotive products. The electronics products are segmented into semiconductors, advanced materials, telecommunications and others. The automotive segment is segmented into Electrical System and Components, EV (Electric Vehicle), HEV (Hybrid Electric Vehicle) and Battery Systems, Telematics, Engine R&D and Emission Testing, Fuels, Fluids and Lubricants, Interior and Exterior Materials, Components, and others. The geographical analysis contains different regions, namely, APAC, Europe, North America, South America, and ROW.

The major drivers for the global market are stringent regulatory standards, outsourcing of testing and certification services, and awareness among the end-users and more. Overall, the industry is fragmented and the major players in this eco-system are currently on the acquisition spree to expand into opportunistic market segments. Migration of the manufacturers in emerging economies and increase in the disposable income in these regions provide an opportunity for the global testing, inspection and certification market.

Some of the key players in this market include SGS Group (Switzerland), BSI Group (U.K.), Dekra Certification GmbH (Germany), Bureau Veritas S.A. (France), Intertek Group PLC (U.K.), Dekra Certification GmbH (Germany), TUV SUD (Germany), TUV Rheinland Group (Germany), TUV Nord Group (Germany), and UL LLC (U.S.). 

Key Topics Covered: 

1 Introduction 

2 Executive Summary 

3 Market Overview 

4 Market By Product Segment

5 Geographic Analysis 

6 Competitive Landscape 

7 Company Profiles 

Companies Mentioned:

  • British Standards Institution Group
  • Bureau Veritas
  • Compliance Engineering Pty Ltd.
  • Dekra Certification Gmbh
  • Demko
  • Intertek
  • Korea Conformity Laboratories
  • Korea Testing And Certification Institute
  • Korea Testing Certification
  • Korea Testing Laboratory
  • Met Laboratories Inc.
  • National Standard Authority Of Ireland
  • National Technical System Inc.
  • Sai Global Limited
  • Sgs Sa
  • Tuv Nord Group
  • Tuv Rheinland Group
  • Tuv Sud Group
  • Underwriters Laboratories Llc

For more information visit http://www.researchandmarkets.com/research/j3k2xc/testing

Media Contact: Laura Wood , +353-1-481-1716, [email protected]

SOURCE Research and Markets

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