Testing, Inspection and Certification Market by Application; Petroleum, Environmental Compliance, Consumer Products, Agriculture, & Mining, and Geography - Forecast to 2020

LONDON, Dec. 8, 2015 /PRNewswire/ -- The factors such as new regulations and standards, outsourcing of the testing, inspection, and certification services, concern about product quality and safety, and globalization of the trade are driving the testing, inspection, and certification market. Regulatory bodies are involved in developing and publishing the new standards to meet the international quality and also to satisfy the end-users' needs regarding the product quality. Food and healthcare sectors are highly regulated sectors due to the higher concern about product quality and hygiene. Hence, these sectors require the manufacturers to follow stringent standards. Similarly, the manufacturers in the medical devices industry also need to comply with the mandated quality and safety standards.

Globalization of the trade leads to a complex supply chain which can impact the product quality; therefore, TIC services are required at every stage of the supply chain to maintain the product quality. The report on the testing, inspection and certification market reviews the latest market trends such as adoption of stringent regulations and standards, simpler and more productive non-destructive testing, and adoption of the rapid testing method would help estimate the future growth prospects. The emerging economies are providing a growth opportunity to the small and medium sized companies in the TIC market. The in-depth geographic analysis in the report provides strategic business intelligence for TIC sector investments. The study reveals profitable investment strategies for TIC companies, business executives, product marketing managers, new business investors, and many more in preferred locations.

The competitive landscape section of the report primarily focuses on the key industry players in the testing, inspection, and certification industry, their latest developments, and respective rankings in the testing, inspection and certification market. In addition to that, the report also comprises the emerging market trends, key growth areas and market size, region wise demand factors, and the key competitors for the said companies.

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