However, lack of internationally accepted standards is a major restraint impacting the growth of the testing, inspection, and certification market. Different countries have their own different set of standards. This factor influences the decision making of a manufacturer whether to export or not to a given country. Standards and regulations also vary between different types of products or services. Meeting the international standards often results in an increased cost as it might lead to the changing of the design of a particular product or service.
The competitive profiling of the key players in the global testing, inspection, and certification market and their market shares across five major geographic regions which include North America, Europe, Asia Pacific (APAC) Middle East and Africa and Latin America has been exhaustively covered under the purview of the study. Moreover, the distinct business strategies that have been adopted by the major players in the market have also been included in the report. For providing a detailed insight into the global testing, inspection, and certification market, the market attractive analysis has been provided in the report.
A comprehensive analysis of market dynamics, which include the market drivers, restraints and opportunities, is included under the scope of the report. Market dynamics are the distinctive factors that influence the growth of the specific market and therefore help to study the current trends in the global market. Thus, this report provides an inclusive study of the global testing, inspection, and certification market and also provides the forecast of the market for the period from 2016-2024.
Some of the major players in the market are: Bureau Veritas SA, Intertek Group PLC, SGS Group, ALS Ltd., ASTM International, AsureQuality Ltd., Dekra SE, Underwriters Laboratories Inc, Lloyd's Register Group Limited, DNV GL, TUV SUD AG and TÜV Rheinland Group.
The global testing, inspection, and certification market has been segmented into:
Global testing, inspection, and certification market, by Application
Oil & gas
Food & beverages
Global testing, inspection, and certification market, by Geography: The market is broadly segmented on the basis of geography into:
Middle East and Africa
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