Testing Inspection and Certification Market 2019 | Growth, Demand & Outlook by 2027 | Top Key Players: Applus+, DNV GL AS, Element Materials Technology, Eurofins Scientific, Intertek Group, Lloyd's Register Group Services, MISTRAS Group

The testing, inspection, and certification function is to help enhance the efficiency and also facilitate local manufactures to comply with the global principles. It consist of conformity assessment bodies who provide services ranging from auditing and inspection to testing, verification, quality assurance, and certification. This consists of both in-house and outsourced services.

The global testing, inspection & certification market accounted at US$ 243.21 Bn in 2018 and is expected to grow at a CAGR of 5.2% during the forecast period 2019 - 2027, to account to US$ 379.89 in 2027.

The testing, inspection and certification market is heavily influenced by driving factors such as high adoption of outsourcing service model by worldwide manufacturers, increased requirement for harmonized standards, surge in illicit trading, counterfeiting and piracy practices across the world, enforcement of rigorous government regulations and standards across various sectors and increase in disposable income and rapid urbanization in developing economies boosts the market growth. However, the different rules and regulations across geographies is impacting negatively on the growth of this market in the current market scenario.

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Key Benefits-
o To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global testing, inspection and certification Market
o To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

Companies profiled in this report includes, Applus+, DNV GL AS, Element Materials Technology, Eurofins Scientific, Intertek Group plc, Lloyd's Register Group Services Limited, MISTRAS Group, Inc., Rheinland, SGS SA

The global testing, inspection and certification market is segmented on the basis of sourcing type, service type and by application. Based on sourcing type the market is segmented as in-house services and outsourced services. On the basis of service type the market segmented as testing, inspection and certification. On the basis of the application the market is segmented as consumer goods and retail, agriculture and food, chemicals, construction and infrastructure, energy & power, industrial and manufacturing, medical and life sciences,automotive,aerospace it and telecom and sports and entertainment.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global testing, inspection and certification market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The testing, inspection and certification market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global testing, inspection and certification Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the testing, inspection and certification Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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Contact Us:
Company: The Insight Partners
Contact: Sameer Joshi
Phone: +1-646-491-9876
Email: sam[@]theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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