Market Research Report Store Europe Testing, Inspection and Certification（TIC）

Market Research Report Store adds "Europe Testing, Inspection and Certification （TIC） Market by Manufacturers, Countries, Type and Application, Forecast to 2022-Market Research Report Store＂to its research database. Complete Report Available at: @ https://www.marketresearchreportstore.com/ Request a PDF Sample , click here [email protected] Description The testing, inspection, & certification (TIC) market was valued at USD 79.55 Billion in 2015 and is expected to reach USD 113.24 Billion by 2022, at a CAGR of 5.15% between 2016 and 2022. The growth of the testing, inspection and certification market is driven by factors such as the increasing number of new regulations & standards in some certain end-user industries, rising trend of outsourcing TIC services to third-party service providers, formulation of stringent regulations & standards to ensure the quality & safety of products, increasing product diversification, and global trading of products & growth of distributed manufacturing. The market for testing type is expected to hold a major share during the forecast period. For most of the applications, testing is required to check whether the product or service complies with the required standards and regulations. Thus, this market is likely to hold a major share between 2016 and 2022. Of all end-user industries, the market for the consumer products is expected to hold a major share during the forecast period. The consumer products segment held the largest market share because of the formulation of stringent regulations and standards to ensure the quality and safety of products and the growing awareness among consumers regarding the quality of consumer products. The consumer products segment comprises appliances, accessories, footwear, textile, food & beverages, and toys among others.