Testing, Inspection and Certification (TIC) Market by Type (Testing, Inspection, & Certification), Sourcing Activity (In-House and Outsourced), End-User Industry (Environmental, Consumer Goods, Manufacturing), and Geography - Global Forecast to 2022

 Published On: Sep, 2016 |    No of Pages: 238 |  Published By: MarketsandMarkets | Format: PDF
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The TIC market is estimated to be worth USD 113.24 billion by 2022, at a CAGR of 5.15% between 2016 and 2022. The growth of this market is propelled by the increasing number of new regulations and standards in some end-user industries, rising trend of outsourcing TIC services to third-party service providers, formulation of stringent regulations and standards to ensure the quality and safety of products, increasing product diversification, and global trading of products & growth of distributed manufacturing. 

Agriculture end-user industry is expected to grow at the highest rate during the forecast period

TIC services are required in the agriculture sector are required to ensure the quality of food products to safeguard the heath of consumers and improve productivity. These services also support manufacturers in the trading of agricultural commodities and food by acquiring international certifications. Furthermore, the changing regulations across the world in the field of agriculture also drive the adoption of TIC services by manufacturers. Some of the major TIC services for the agriculture sector are pre-shipment inspection, quality and quantity inspection, fertilizer testing, seed testing, and commodity risk management among others. These services ensure the quality and safety of supply chain of agriculture that covers manufacturers and consumers.

TIC market in APAC expected to witness the highest growth rate during the forecast period

The APAC region is expected to witness strong growth in almost all sectors as governments enforce tougher legislation to assure health and safety compliance. TIC services in sectors such as food, textiles, toys, and electrical goods are likely to continue to show strong growth owing to the high requirement for meeting stipulated government standards. Also, with the growing disposable income in the region, the use of consumer goods is expected to increase. This would lead to a high demand for testing of consumer goods, especially in countries such as China and India.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry people. The break-up of the profile of primary participants is given below:

• By Company Type: Tier 1 – 38%, Tier 2 – 33%, and Tier 3 – 29%
• By Designation: C-Level Executives – 30%, Directors – 33%, and Others – 37%
• By Region: North America – 26%, Europe – 40%, APAC – 22%, and RoW – 12%

The key market players profiled in the report are:

• SGS Group (Switzerland)
• Bureau Veritas S.A. (France)
• Intertek Group plc (U.K.)
• TάV SάD Group (Germany)
• Dekra Certification GmbH (Germany)
• ALS Limited (Australia)
• ASTM International (U.S.)
• BSI Group (U.K.)
• Exova Group plc (U.K.)
• TάV Rheinland Group (Germany)
• TάV Nord Group (Germany)
• SAI Global Limited (Australia)
• Eurofins Scientific (Luxembourg)
• MISTRAS Group, Inc.(U.S.)
• UL LLC (U.S.)

Reasons to Buy This Report:

From an insight perspective, this research report focuses on various levels of analysis—industry analysis (industry trends), market ranking analysis of top players, value chain analysis, and company profiles which comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the TIC market, high-growth regions, and market dynamics (drivers, restraints, challenges, and opportunities.)

The report provides insights on the following pointers:

• Market penetration: Comprehensive information on end-user industry offered by the top players in the overall TIC market
• Product development/innovation: Detailed insights regarding new product launches, new services launches, and service expansions in the TIC market
• Market development: Comprehensive information about lucrative emerging markets across regions
• Market diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the overall TIC market
• Competitive assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the TIC market
TABLE OF CONTENTS

1 INTRODUCTION 21
1.1 OBJECTIVES OF THE STUDY 21
1.2 MARKET DEFINITION 21
1.3 SCOPE OF THE STUDY 22
1.3.1 MARKETS COVERED 22
1.3.2 YEARS CONSIDERED FOR THE STUDY 22
1.4 CURRENCY 23
1.5 LIMITATIONS 23
1.6 STAKEHOLDERS 23

2 RESEARCH METHODOLOGY 24
2.1 RESEARCH DATA 24
2.1.1 SECONDARY DATA 25
2.1.1.1 Key data from secondary sources 25
2.1.2 PRIMARY DATA 26
2.1.2.1 Key data from primary sources 26
2.1.2.2 Key industry insights 27
2.1.2.3 Breakdown of primaries 27
2.2 MARKET SIZE ESTIMATION 28
2.2.1 BOTTOM-UP APPROACH 28
2.2.2 TOP-DOWN APPROACH 29
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 30
2.4 RESEARCH ASSUMPTIONS 31

3 EXECUTIVE SUMMARY 32

4 PREMIUM INSIGHTS 37
4.1 ATTRACTIVE OPPORTUNITIES IN THE TIC MARKET 37
4.2 TIC MARKET BY END-USER INDUSTRY 38
4.3 TIC MARKET IN APAC 39
4.4 EMERGING MARKETS ARE KEY GROWTH GEOGRAPHIES 40
4.5 LIFE CYCLE ANALYSIS BY GEOGRAPHY 41

5 MARKET OVERVIEW 42
5.1 INTRODUCTION 43
5.2 MARKET SEGMENTATION 43
5.2.1 TIC MARKET BY TYPE 43
5.2.2 TIC MARKET BY SOURCING ACTIVITY 43
5.2.3 TIC MARKET BY END-USER INDUSTRY 44
5.2.4 TIC MARKET, BY REGION 45
5.3 MARKET DYNAMICS 45
5.3.1 DRIVERS 46
5.3.1.1 Increasing number of new regulations and standards in certain end-user industries 46
5.3.1.2 Growing trend of outsourcing TIC services to third-party service providers 48
5.3.1.3 Formulation of stringent regulations and standards to ensure the quality and safety of products 48
5.3.1.4 Increasing product diversification in several industries 48
5.3.1.5 Global trading of products and growth of distributed manufacturing 49
5.3.2 RESTRAINTS 49
5.3.2.1 Varying regulations and standards across regions 49
5.3.3 OPPORTUNITIES 50
5.3.3.1 Growing demand for TIC services in emerging markets 50
5.3.4 CHALLENGES 50
5.3.4.1 Long lead time for overseas qualification tests 50

6 INDUSTRY TRENDS 51
6.1 INTRODUCTION 51
6.2 VALUE CHAIN ANALYSIS 51
6.2.1 CORE INDUSTRY SEGMENTS 52
6.2.1.1 TIC standards organizations 52
6.2.1.2 Companies offering TIC services 53
6.2.1.3 End-user industries 53
6.3 IMPACT OF BREXIT ON THE TIC MARKET 53
6.3.1 EUROPE LEADS THE TIC MARKET 53
6.3.2 LARGE NUMBER OF ASSOCIATIONS AND COMPANIES LOCATED IN EUROPE 53
6.3.3 BREXIT MIGHT CAUSE A BREAKUP OF THE UK 53
6.4 PORTER’S FIVE FORCES ANALYSIS 54
6.4.1 THREAT OF NEW ENTRANTS 56
6.4.2 THREAT OF SUBSTITUTES 57
6.4.3 BARGAINING POWER OF SUPPLIERS 58
6.4.4 BARGAINING POWER OF BUYERS 59
6.4.5 INTENSITY OF COMPETITIVE RIVALRY 59
6.5 PEST ANALYSIS 60
6.5.1 POLITICAL FACTORS 60
6.5.2 ECONOMIC FACTORS 60
6.5.3 SOCIAL FACTORS 60
6.5.4 TECHNOLOGICAL FACTORS 61

7 TIC MARKET, BY TYPE 62
7.1 INTRODUCTION 63
7.2 TESTING 64
7.3 INSPECTION 65
7.4 CERTIFICATION 65

8 TIC MARKET, BY SOURCING ACTIVITY 66
8.1 INTRODUCTION 67
8.2 IN-HOUSE 68
8.3 OUTSOURCED 68

9 TIC MARKET, BY END-USER INDUSTRY 77
9.1 INTRODUCTION 78
9.2 PETROLEUM 83
9.2.1 REFINED PETROLEUM PRODUCTS 83
9.2.2 BIOFUELS 83
9.2.3 FEEDSTOCK 84
9.2.4 PETROLEUM CARGO 84
9.2.5 OTHERS 84
9.3 ENVIRONMENTAL 88
9.3.1 SOIL 89
9.3.2 WATER 89
9.3.3 AIR 89
9.3.4 OCCUPATIONAL HYGIENE 90
9.4 CONSUMER GOODS 93
9.4.1 ACCESSORIES 94
9.4.2 APPLIANCES 94
9.4.3 TEXTILES, APPAREL, AND FOOTWEAR 94
9.4.4 F&B 95
9.4.5 PERSONAL CARE AND BEAUTY 95
9.4.6 TOYS AND JUVENILE PRODUCTS 95
9.4.7 OTHERS 96
9.5 AGRICULTURE 100
9.5.1 SEED AND CROP 101
9.5.2 COMMODITIES 101
9.5.3 OTHERS 101
9.6 MINING 105
9.6.1 GEO-ANALYTICS 106
9.6.2 MINERAL PROCESSING 106
9.6.3 MINERALOGY 106
9.6.4 MINE SITE LABORATORY 107
9.6.5 OTHERS 107
9.7 CONSTRUCTION AND INFRASTRUCTURE 110
9.7.1 PROJECT MANAGEMENT 115
9.7.2 MATERIAL TESTING 115
9.7.3 CONSTRUCTION EQUIPMENT 115
9.7.3.1 Elevating work platforms 116
9.7.3.2 Hoists 116
9.7.3.3 Ladders 116
9.7.3.4 Scaffolding equipment 116
9.7.3.5 Others 116
9.7.4 FACILITIES MANAGEMENT 119
9.7.5 OTHERS 119
9.8 MANUFACTURING 120
9.8.1 CALIBRATION AND DIMENSIONAL TESTING 120
9.8.2 PRODUCT CERTIFICATION 120
9.8.3 QUALITY CONTROL 121
9.8.4 LIFT INSPECTIONS 121
9.8.5 FAILURE AND DAMAGE ANALYSIS 121
9.8.6 OTHERS 121
9.9 OIL AND GAS 126
9.9.1 EXPLORATION AND PRODUCTION SERVICES 130
9.9.1.1 Reservoir and field solutions 130
9.9.1.2 Reservoir and production fluid analysis 130
9.9.2 METERING, MEASUREMENT, AND ALLOCATION 131
9.9.3 OTHERS 131
9.10 CHEMICALS 132
9.10.1 AGROCHEMICALS AND PESTICIDES 132
9.10.2 BASIC AND INDUSTRIAL CHEMICALS 133
9.10.3 DYES AND DETERGENTS 133
9.10.4 POLYMERS AND PLASTICS 133
9.10.5 SPECIALTY CHEMICALS 133
9.10.6 OTHERS 133

10 GEOGRAPHIC ANALYSIS 138
10.1 INTRODUCTION 139
10.2 NORTH AMERICA 141
10.2.1 US 143
10.2.2 CANADA 143
10.2.3 MEXICO 144
10.2.4 DIFFERENT STANDARDS AND CERTIFICATIONS IN NORTH AMERICA 144
10.3 EUROPE 150
10.3.1 GERMANY 152
10.3.2 FRANCE 153
10.3.3 UK 153
10.3.4 ITALY 154
10.3.5 REST OF EUROPE 154
10.3.6 DIFFERENT STANDARDS AND CERTIFICATIONS IN EUROPE 154
10.4 APAC 159
10.4.1 CHINA 162
10.4.2 JAPAN 162
10.4.3 AUSTRALIA 162
10.4.4 INDIA 162
10.4.5 REST OF APAC 163
10.4.6 DIFFERENT STANDARDS AND CERTIFICATIONS IN APAC 163
10.5 ROW 170
10.5.1 MIDDLE EAST 172
10.5.2 SOUTH AMERICA 172
10.5.3 AFRICA 172
10.5.4 DIFFERENT STANDARDS AND CERTIFICATIONS USED IN ROW 173

11 COMPETITIVE LANDSCAPE 179
11.1 OVERVIEW 179
11.2 MARKET RANKING ANALYSIS FOR THE TIC MARKET 180
11.3 COMPETITIVE SCENARIO AND TRENDS 182
11.4 COMPETITIVE SITUATION AND TRENDS 183
11.4.1 NEW SERVICE AND PRODUCT LAUNCHES 183
11.4.2 ACQUISITIONS 184
11.4.3 EXPANSION 185
11.4.4 AGREEMENTS AND PARTNERSHIPS 185

12 COMPANY PROFILE 187 (Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
12.1 INTRODUCTION 187
12.2 SGS GROUP 188
12.3 BUREAU VERITAS S.A. 192
12.4 INTERTEK GROUP PLC 195
12.5 TάV SάD GROUP 199
12.6 DEKRA CERTIFICATION GMBH 202
12.7 ALS LIMITED 205
12.8 ASTM INTERNATIONAL 207
12.9 BSI GROUP 209
12.10 EXOVA GROUP PLC 211
12.11 TάV RHEINLAND A.G. 213
12.12 TάV NORD GROUP 215
12.13 SAI GLOBAL LIMITED 218
12.14 EUROFINS SCIENTIFIC 220
12.15 MISTRAS GROUP, INC. 223
12.16 UL LLC 225

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View might not be captured in case of unlisted companies.

13 APPENDIX 227
13.1 INSIGHTS OF INDUSTRY EXPERTS 227
13.2 DISCUSSION GUIDE 228
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 232
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 234
13.5 AVAILABLE CUSTOMIZATIONS 236
13.6 RELATED REPORTS 236

LIST OF TABLES

TABLE 1 CURRENCY TABLE 23
TABLE 2 LIST OF RECENT AMENDMENTS IN LAWS AND REGULATIONS FOR MAJOR INDUSTRIES (1810–1997) 47
TABLE 3 PORTER’S FIVE FORCES ANALYSIS: THREAT OF NEW ENTRANTS LIKELY TO HAVE A HIGH IMPACT ON THE TIC MARKET 55
TABLE 4 TIC MARKET, BY TYPE, 2013–2022 (USD BILLION) 64
TABLE 5 TIC MARKET, BY SOURCING ACTIVITY, 2013–2022 (USD BILLION) 68
TABLE 6 TIC MARKET FOR THE PETROLEUM END-USER INDUSTRY, BY SOURCING ACTIVITY, 2013–2022 (USD BILLION) 69
TABLE 7 TIC MARKET FOR THE ENVIRONMENTAL END-USER INDUSTRY, BY SOURCING ACTIVITY, 2013–2022 (USD BILLION) 70
TABLE 8 TIC MARKET FOR CONSUMER GOODS END-USER INDUSTRY, BY SOURCING ACTIVITY, 2013–2022 (USD BILLION) 71
TABLE 9 TIC MARKET FOR THE AGRICULTURE END-USER INDUSTRY, BY SOURCING ACTIVITY, 2013–2022 (USD BILLION) 71
TABLE 10 TIC MARKET FOR THE MINING END-USER INDUSTRY, BY SOURCING ACTIVITY, 2013–2022 (USD BILLION) 72
TABLE 11 TIC MARKET FOR THE CONSTRUCTION AND INFRASTRUCTURE END-USER INDUSTRY, BY SOURCING ACTIVITY, 2013–2022 (USD BILLION) 73
TABLE 12 TIC MARKET FOR THE MANUFACTURING END-USER INDUSTRY, BY SOURCING ACTIVITY, 2013–2022 (USD BILLION) 74
TABLE 13 TIC MARKET FOR THE OIL AND GAS END-USER INDUSTRY, BY SOURCING ACTIVITY, 2013–2022 (USD BILLION) 75
TABLE 14 TIC MARKET FOR THE CHEMICALS END-USER INDUSTRY, BY SOURCING ACTIVITY, 2013–2022 (USD BILLION) 76
TABLE 15 TIC MARKET, BY END-USER INDUSTRY, 2013–2022 (USD BILLION) 79
TABLE 16 TIC MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2013–2022 (USD MILLION) 80
TABLE 17 TIC MARKET IN EUROPE, BY END-USER INDUSTRY, 2013–2022 (USD MILLION) 81
TABLE 18 TIC MARKET IN APAC, BY END-USER INDUSTRY, 2013–2022 (USD MILLION) 81
TABLE 19 TIC MARKET IN ROW, BY END-USER INDUSTRY, 2013–2022 (USD MILLION) 82
TABLE 20 TIC MARKET FOR THE PETROLEUM END-USER INDUSTRY, BY PRODUCT TYPE, 2013–2022 (USD MILLION) 85
TABLE 21 TIC MARKET FOR THE PETROLEUM END-USER INDUSTRY IN NORTH AMERICA, BY PRODUCT TYPE, 2013–2022 (USD MILLION) 86
TABLE 22 TIC MARKET FOR THE PETROLEUM END-USER INDUSTRY IN EUROPE, BY PRODUCT TYPE, 2013–2022 (USD MILLION) 87
TABLE 23 TIC MARKET FOR THE PETROLEUM END-USER INDUSTRY IN APAC, BY PRODUCT TYPE, 2013–2022 (USD MILLION) 87
TABLE 24 TIC MARKET FOR THE PETROLEUM END-USER INDUSTRY IN ROW, BY PRODUCT TYPE, 2013–2022 (USD MILLION) 88
TABLE 25 TIC MARKET FOR THE ENVIRONMENTAL END-USER INDUSTRY, BY TYPE, 2013–2022 (USD MILLION) 90
TABLE 26 TIC MARKET FOR THE ENVIRONMENTAL END-USER INDUSTRY IN NORTH AMERICA, BY TYPE, 2013–2022 (USD MILLION) 91
TABLE 27 TIC MARKET FOR THE ENVIRONMENTAL END-USER INDUSTRY, IN EUROPE, BY TYPE, 2013–2022 (USD MILLION) 91
TABLE 28 TIC MARKET FOR THE ENVIRONMENTAL END-USER INDUSTRY IN APAC, BY TYPE, 2013–2022 (USD MILLION) 92
TABLE 29 TIC MARKET FOR THE ENVIRONMENTAL END-USER INDUSTRY IN ROW, BY TYPE, 2013–2022 (USD MILLION) 93
TABLE 30 TIC MARKET FOR THE CONSUMER GOODS END-USER INDUSTRY, BY PRODUCT TYPE, 2013–2022 (USD MILLION) 96
TABLE 31 TIC MARKET FOR THE CONSUMER GOODS END-USER INDUSTRY IN NORTH AMERICA, BY PRODUCT TYPE, 2013–2022 (USD MILLION) 97
TABLE 32 TIC MARKET FOR THE CONSUMER GOODS END-USER INDUSTRY IN EUROPE, BY PRODUCT TYPE, 2013–2022 (USD MILLION) 98
TABLE 33 TIC MARKET FOR THE CONSUMER GOODS END-USER INDUSTRY IN APAC, BY PRODUCT TYPE, 2013–2022 (USD MILLION) 99
TABLE 34 TIC MARKET FOR THE CONSUMER GOODS END-USER INDUSTRY IN ROW, BY PRODUCT TYPE, 2013–2022 (USD MILLION) 99
TABLE 35 TIC FOR THE AGRICULTURE END-USER INDUSTRY, BY TYPE, 2013–2022 (USD MILLION) 102
TABLE 36 TIC MARKET FOR THE AGRICULTURE END-USER INDUSTRY IN NORTH AMERICA, BY TYPE, 2013–2022 (USD MILLION) 103
TABLE 37 TIC MARKET FOR THE AGRICULTURE END-USER INDUSTRY IN EUROPE, BY TYPE, 2013–2022 (USD MILLION) 103
TABLE 38 TIC MARKET FOR THE AGRICULTURE END-USER INDUSTRY IN APAC, BY TYPE, 2013–2022 (USD MILLION) 104
TABLE 39 TIC MARKET FOR THE AGRICULTURE END-USER INDUSTRY IN ROW, BY TYPE, 2013–2022 (USD MILLION) 105
TABLE 40 TIC MARKET FOR THE MINING END-USER INDUSTRY, BY TYPE, 2013–2022 (USD MILLION) 107
TABLE 41 TIC MARKET FOR THE MINING END-USER INDUSTRY IN NORTH AMERICA, BY TYPE, 2013–2022 (USD MILLION) 108
TABLE 42 TIC MARKET FOR THE MINING END-USER INDUSTRY IN EUROPE, BY TYPE, 2013–2022 (USD MILLION) 109
TABLE 43 TIC MARKET FOR THE MINING END-USER INDUSTRY IN APAC, BY TYPE, 2013–2022 (USD MILLION) 109
TABLE 44 TIC MARKET FOR THE MINING END-USER INDUSTRY IN ROW, BY TYPE, 2013–2022 (USD MILLION) 110
TABLE 45 TIC MARKET FOR THE CONSTRUCTION AND INFRASTRUCTURE END-USER INDUSTRY, BY TYPE, 2013–2022 (USD MILLION) 112
TABLE 46 TIC MARKET FOR THE CONSTRUCTION AND INFRASTRUCTURE END-USER INDUSTRY IN NORTH AMERICA, BY TYPE, 2013–2022 (USD MILLION) 112
TABLE 47 TIC MARKET FOR THE CONSTRUCTION AND INFRASTRUCTURE END-USER INDUSTRY IN EUROPE, BY TYPE, 2013–2022 (USD MILLION) 113
TABLE 48 TIC MARKET FOR THE CONSTRUCTION AND INFRASTRUCTURE END-USER INDUSTRY IN APAC, BY TYPE, 2013–2022 (USD MILLION) 114
TABLE 49 TIC MARKET FOR THE CONSTRUCTION AND INFRASTRUCTURE END-USER INDUSTRY IN ROW, BY TYPE, 2013–2022 (USD MILLION) 114
TABLE 50 TIC MARKET FOR THE CONSTRUCTION EQUIPMENT END-USER INDUSTRY, BY TYPE, 2013–2022 (USD MILLION) 117
TABLE 51 TIC MARKET FOR THE CONSTRUCTION EQUIPMENT END-USER INDUSTRY IN NORTH AMERICA, BY TYPE, 2013–2022 (USD MILLION) 117
TABLE 52 TIC MARKET FOR THE CONSTRUCTION EQUIPMENT END-USER INDUSTRY IN EUROPE, BY TYPE, 2013–2022 (USD MILLION) 118
TABLE 53 TIC MARKET FOR THE CONSTRUCTION EQUIPMENT END-USER INDUSTRY IN APAC, BY TYPE, 2013–2022 (USD MILLION) 118
TABLE 54 TIC MARKET FOR THE CONSTRUCTION EQUIPMENT END-USER INDUSTRY IN ROW, BY TYPE, 2013–2022 (USD MILLION) 119
TABLE 55 TIC MARKET FOR THE MANUFACTURING END-USER INDUSTRY, BY TYPE, 2013–2022 (USD MILLION) 122
TABLE 56 TIC MARKET FOR THE MANUFACTURING END-USER INDUSTRY IN NORTH AMERICA, BY TYPE, 2013–2022 (USD MILLION) 123
TABLE 57 TIC MARKET FOR THE MANUFACTURING END-USER INDUSTRY IN EUROPE, BY TYPE, 2013–2022 (USD MILLION) 123
TABLE 58 TIC MARKET FOR THE MANUFACTURING END-USER INDUSTRY IN APAC, BY TYPE, 2013–2022 (USD MILLION) 125
TABLE 59 TIC MARKET FOR THE MANUFACTURING END-USER INDUSTRY IN ROW, BY TYPE, 2013–2022 (USD MILLION) 125
TABLE 60 TIC MARKET FOR THE OIL AND GAS END-USER INDUSTRY, BY TYPE, 2013–2022 (USD MILLION) 127
TABLE 61 TIC MARKET FOR THE OIL AND GAS END-USER INDUSTRY IN NORTH AMERICA, BY TYPE, 2013–2022 (USD MILLION) 128
TABLE 62 TIC MARKET FOR THE OIL AND GAS END-USER INDUSTRY IN EUROPE, BY TYPE, 2013–2022 (USD MILLION) 128
TABLE 63 TIC MARKET FOR THE OIL AND GAS END-USER INDUSTRY IN APAC, BY TYPE, 2013–2022 (USD MILLION) 129
TABLE 64 TIC MARKET FOR THE OIL AND GAS END-USER INDUSTRY IN ROW, BY TYPE, 2013–2022 (USD MILLION) 130
TABLE 65 TIC MARKET FOR EXPLORATION AND PRODUCTION SERVICES, BY TYPE, 2013–2022 (USD MILLION) 131
TABLE 66 TIC MARKET FOR THE CHEMICALS END-USER INDUSTRY, BY PRODUCT TYPE, 2013–2022 (USD MILLION) 134
TABLE 67 TIC MARKET FOR THE CHEMICALS END-USER INDUSTRY IN NORTH AMERICA, BY PRODUCT TYPE, 2013–2022 (USD MILLION) 135
TABLE 68 TIC MARKET FOR THE CHEMICALS END-USER INDUSTRY IN EUROPE, BY PRODUCT TYPE, 2013–2022 (USD MILLION) 136
TABLE 69 TIC MARKET FOR THE CHEMICALS END-USER INDUSTRY IN APAC, BY PRODUCT TYPE, 2013-2022 (USD MILLION) 136
TABLE 70 TIC MARKET FOR THE CHEMICALS END-USER INDUSTRY IN ROW, BY PRODUCT TYPE, 2013–2022 (USD MILLION) 137
TABLE 71 TIC MARKET, BY REGION, 2013–2022 (USD BILLION) 140
TABLE 72 TIC MARKET IN NORTH AMERICA, BY COUNTRY, 2013–2022 (USD MILLION) 142
TABLE 73 TIC MARKET FOR THE PETROLEUM END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2013–2022 (USD MILLION) 145
TABLE 74 TIC MARKET FOR THE ENVIRONMENTAL END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2013–2022 (USD MILLION) 146
TABLE 75 TIC MARKET FOR THE CONSUMER GOODS END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2013–2022 (USD MILLION) 146
TABLE 76 TIC MARKET FOR THE AGRICULTURE END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2013–2022 (USD MILLION) 147
TABLE 77 TIC MARKET FOR THE MINING END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2013–2022 (USD MILLION) 148
TABLE 78 TIC MARKET FOR THE CONSTRUCTION AND INFRASTRUCTURE END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2013–2022 (USD MILLION) 148
TABLE 79 TIC MARKET FOR THE MANUFACTURING END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2013–2022 (USD MILLION) 149
TABLE 80 TIC MARKET FOR THE OIL AND GAS END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2013–2022 (USD MILLION) 149
TABLE 81 TIC MARKET FOR THE CHEMICALS END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2013–2022 (USD MILLION) 150
TABLE 82 TIC MARKET IN EUROPE, BY COUNTRY, 2013–2022 (USD MILLION) 152
TABLE 83 TIC MARKET FOR THE PETROLEUM END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2013–2022 (USD MILLION) 155
TABLE 84 TIC MARKET FOR THE ENVIRONMENTAL END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2013–2022 (USD MILLION) 155
TABLE 85 TIC MARKET FOR THE CONSUMER GOODS END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2013–2022 (USD MILLION) 156
TABLE 86 TIC MARKET FOR THE AGRICULTURE END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2013–2022 (USD MILLION) 156
TABLE 87 TIC MARKET FOR THE MINING END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2013–2022 (USD MILLION) 157
TABLE 88 TIC MARKET FOR THE CONSTRUCTION AND INFRASTRUCTURE END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2013–2022 (USD MILLION) 157
TABLE 89 TIC MARKET FOR THE MANUFACTURING END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2013–2022 (USD MILLION) 158
TABLE 90 TIC MARKET FOR THE OIL AND GAS END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2013–2022 (USD MILLION) 158
TABLE 91 TIC MARKET FOR THE CHEMICALS END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2013–2022 (USD MILLION) 159
TABLE 92 TIC MARKET IN APAC, BY COUNTRY, 2013–2022 (USD MILLION) 161
TABLE 93 TIC MARKET FOR THE PETROLEUM END-USER INDUSTRY IN APAC, BY COUNTRY, 2013–2022 (USD MILLION) 163
TABLE 94 TIC MARKET FOR THE ENVIRONMENTAL END-USER INDUSTRY IN APAC, BY COUNTRY, 2013–2022 (USD MILLION) 164
TABLE 95 TIC MARKET FOR THE CONSUMER GOODS END-USER INDUSTRY IN APAC, BY COUNTRY, 2013–2022 (USD MILLION) 165
TABLE 96 TIC MARKET FOR THE AGRICULTURE END-USER INDUSTRY IN APAC, BY COUNTRY, 2013–2022 (USD MILLION) 166
TABLE 97 TIC MARKET FOR THE MINING END-USER INDUSTRY IN APAC, BY COUNTRY, 2013–2022 (USD MILLION) 167
TABLE 98 TIC MARKET FOR THE CONSTRUCTION AND INFRASTRUCTURE END-USER INDUSTRY IN APAC, BY COUNTRY, 2013–2022 (USD MILLION) 167
TABLE 99 TIC MARKET FOR THE MANUFACTURING END-USER INDUSTRY IN APAC, BY COUNTRY, 2013–2022 (USD MILLION) 168
TABLE 100 TIC MARKET FOR THE OIL AND GAS END-USER INDUSTRY IN APAC, BY COUNTRY, 2013–2022 (USD MILLION) 168
TABLE 101 TIC MARKET FOR THE CHEMICALS END-USER INDUSTRY IN APAC, BY COUNTRY, 2013–2022 (USD MILLION) 169
TABLE 102 TIC MARKET IN ROW, BY REGION, 2013–2022 (USD MILLION) 171
TABLE 103 TIC MARKET FOR THE PETROLEUM END-USER INDUSTRY IN ROW, BY REGION, 2013–2022 (USD MILLION) 173
TABLE 104 TIC MARKET FOR THE ENVIRONMENTAL END-USER INDUSTRY IN ROW, BY REGION, 2013–2022 (USD MILLION) 174
TABLE 105 TIC MARKET FOR THE CONSUMER GOODS END-USER INDUSTRY IN ROW, BY REGION, 2013–2022 (USD MILLION) 175
TABLE 106 TIC MARKET FOR THE AGRICULTURE END-USER INDUSTRY IN ROW, BY REGION, 2013–2022 (USD MILLION) 175
TABLE 107 TIC MARKET FOR THE MINING END-USER INDUSTRY IN ROW, BY REGION, 2013–2022 (USD MILLION) 176
TABLE 108 TIC MARKET FOR THE CONSTRUCTION AND INFRASTRUCTURE END-USER INDUSTRY IN ROW, BY REGION, 2013–2022 (USD MILLION) 176
TABLE 109 TIC MARKET FOR THE MANUFACTURING END-USER INDUSTRY IN ROW, BY REGION, 2013–2022 (USD MILLION) 177
TABLE 110 TIC MARKET FOR THE OIL AND GAS END-USER INDUSTRY IN ROW, BY REGION, 2013–2022 (USD MILLION) 178
TABLE 111 TIC MARKET FOR THE CHEMICALS END-USER INDUSTRY IN ROW, BY REGION, 2013–2022 (USD MILLION) 178
TABLE 112 NEW SERVICE AND PRODUCT LAUNCHES (2015–2016) 183
TABLE 113 ACQUISITIONS (2014–2016) 184
TABLE 114 SERVICE EXPANSION (2015–2016) 185
TABLE 115 AGREEMENTS AND PARTNERSHIPS (2014–2016) 185

LIST OF FIGURES

FIGURE 1 MARKET SEGMENTATION 22
FIGURE 2 TIC MARKET: RESEARCH DESIGN 24
FIGURE 3 DATA TRIANGULATION METHODOLOGY 30
FIGURE 4 PROCESS FLOW OF MARKET SIZE ESTIMATION 31
FIGURE 5 TIC MARKET, BY END-USER INDUSTRY, SNAPSHOT 2016 VS. 2022 (USD BILLION) 33
FIGURE 6 TESTING LIKELY TO HOLD THE LARGEST MARKET SIZE VS. INSPECTION AND CERTIFICATION IN 2016 33
FIGURE 7 OUTSOURCING WILL LIKELY GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 34
FIGURE 8 AGRICULTURE TO EXHIBIT THE HIGHEST GROWTH IN THE TIC MARKET DURING THE FORECAST PERIOD 35
FIGURE 9 EUROPE LED THE TIC MARKET IN 2015 36
FIGURE 10 INCREASING DEMAND FOR TIC SERVICES AMONG END-USER INDUSTRIES IS EXPECTED TO DRIVE THE MARKET DURING THE FORECAST PERIOD 37
FIGURE 11 TIC MARKET FOR AGRICULTURE IS EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 38
FIGURE 12 TIC MARKET FOR MANUFACTURING HELD THE LARGEST SHARE IN APAC IN 2015 39
FIGURE 13 EMERGING MARKETS, SUCH AS CHINA AND INDIA, ARE A FEW KEY GROWTH GEOGRAPHIES 40
FIGURE 14 APAC LIKELY TO BE IN GROWTH PHASE DURING THE FORECAST PERIOD 41
FIGURE 15 INCREASING NUMBER OF NEW REGULATIONS AND STANDARDS IS EXPECTED TO PROPEL THE GROWTH OF THE TIC MARKET 46
FIGURE 16 TIMELINE OF IPHONE RELEASE DATES (2007–2016) 49
FIGURE 17 VALUE CHAIN ANALYSIS OF THE TIC MARKET 52
FIGURE 18 COLLABORATION OF COMPANIES WITH ASSOCIATIONS IN THE TIC MARKET 54
FIGURE 19 OVERVIEW OF PORTER’S FIVE FORCES ANALYSIS OF THE TIC MARKET (2015) 55
FIGURE 20 TIC MARKET: PORTER’S FIVE FORCES ANALYSIS (2015) 56
FIGURE 21 TIC MARKET: THREAT OF NEW ENTRANTS 56
FIGURE 22 TIC MARKET: THREAT OF SUBSTITUTES 57
FIGURE 23 TIC MARKET: BARGAINING POWER OF SUPPLIERS 58
FIGURE 24 TIC MARKET: BARGAINING POWER OF BUYERS 59
FIGURE 25 TIC MARKET: INTENSITY OF COMPETITIVE RIVALRY 59
FIGURE 26 TIC MARKET, BY TYPE (2016–2022) 63
FIGURE 27 TIC MARKET, BY SOURCING ACTIVITY (2016–2022) 67
FIGURE 28 IMPACT OF OUTSOURCING IN THE TIC MARKET (2015) 69
FIGURE 29 IN-HOUSE MARKET FOR TIC SERVICES TO LEAD THE CONSUMER GOODS END-USER INDUSTRY (2016–2022) 70
FIGURE 30 IN-HOUSE MARKET FOR TIC SERVICES TO LEAD IN THE MINING END-USER INDUSTRY (2016–2022) 72
FIGURE 31 OUTSOURCED TIC SERVICES MARKET TO GROW AT THE HIGHEST RATE IN THE MANUFACTURING END-USER INDUSTRY (2016–2022) 73
FIGURE 32 IN-HOUSE TIC SERVICES TO HOLD A MAJOR SHARE OF THE MARKET FOR THE OIL AND GAS END-USER INDUSTRY (2016–2022) 74
FIGURE 33 OUTSOURCED TIC SERVICES TO WITNESS THE HIGHEST GROWTH RATE IN THE CHEMICALS END-USER INDUSTRY (2016–2022) 75
FIGURE 34 TIC MARKET, BY END-USER INDUSTRY 78
FIGURE 35 AGRICULTURAL END-USER INDUSTRY EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 79
FIGURE 36 CONSUMER GOODS END-USER INDUSTRY TO LEAD THE TIC MARKET DURING THE FORECAST PERIOD 80
FIGURE 37 TIC MARKET FOR THE PETROLEUM END-USER INDUSTRY, BY PRODUCT TYPE 83
FIGURE 38 BIOFUELS IS ESTIMATED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD (2016–2022) 85
FIGURE 39 REFINED PETROLEUM PRODUCTS TO LEAD THE MARKET IN EUROPE DURING THE FORECAST PERIOD 86
FIGURE 40 TIC MARKET, BY ENVIRONMENTAL END-USER INDUSTRY 89
FIGURE 41 TIC MARKET FOR AIR IS ESTIMATED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD (2016–2022) 90
FIGURE 42 AIR TIC MARKET TO GROW AT THE HIGHEST RATE IN APAC DURING THE FORECAST PERIOD (2016–2022) 92
FIGURE 43 TIC MARKET, BY CONSUMER GOODS END-USER INDUSTRY 94
FIGURE 44 APPLIANCES SEGMENT IS EXPECTED TO LEAD THE CONSUMER GOODS END-USER INDUSTRY IN 2016 96
FIGURE 45 ACCESSORIES EXPECTED TO WITNESS THE HIGHEST GROWTH RATE DURING FORECAST PERIOD (2016–2022) 98
FIGURE 46 TIC MARKET, BY AGRICULTURE END-USER INDUSTRY 100
FIGURE 47 SEED AND CROP EXPECTED TO GROW AT THE HIGHEST RATE BETWEEN 2016 AND 2022 102
FIGURE 48 COMMODITIES SEGMENT IN APAC EXPECTED TO WITNESS THE HIGHEST GROWTH RATE DURING FORECAST PERIOD (2016–2022) 104
FIGURE 49 TIC MARKET, BY MINING END-USER INDUSTRY 106
FIGURE 50 MINERALOGY IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 107
FIGURE 51 MINERALOGY SEGMENT IN NORTH AMERICA IS EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD (2016–2022) 108
FIGURE 52 TIC MARKET, BY CONSTRUCTION AND INFRASTRUCTURE END-USER INDUSTRY 111
FIGURE 53 CONSTRUCTION EQUIPMENT IS EXPECTED TO LEAD THE MARKET IN THE FORECAST PERIOD 111
FIGURE 54 MATERIAL TESTING SEGMENT IN EUROPE IS EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD (2016–2022) 113
FIGURE 55 TIC MARKET, BY MANUFACTURING END-USER INDUSTRY 120
FIGURE 56 CALIBRATION AND DIMENSIONAL TESTING SEGMENT LIKELY TO LEAD THE MARKET IN 2016 122
FIGURE 57 PRODUCT CERTIFICATION SEGMENT IS ESTIMATED TO GROW AT THE HIGHEST RATE IN APAC DURING THE FORECAST PERIOD (2016–2022) 124
FIGURE 58 TIC MARKET, BY OIL AND GAS END-USER INDUSTRY 126
FIGURE 59 EXPLORATION AND PRODUCTION SERVICES TO LEAD THE MARKET IN 2016 127
FIGURE 60 METERING, MEASUREMENT, & ALLOCATION MARKET IS ESTIMATED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD (2016–2022) 129
FIGURE 61 TIC MARKET, BY CHEMICALS END-USER INDUSTRY 132
FIGURE 62 POLYMERS AND PLASTICS LIKELY TO LEAD THE MARKET IN 2016 134
FIGURE 63 BASIC AND INDUSTRIAL CHEMICALS IS EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD (2016–2022) 135
FIGURE 64 TIC MARKET, BY GEOGRAPHY 139
FIGURE 65 TIC MARKET IN APAC TO WITNESS THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 140
FIGURE 66 NORTH AMERICA: MARKET SNAPSHOT 141
FIGURE 67 MEXICAN MARKET TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD (2016–2022) 142
FIGURE 68 TIC MARKET FOR THE ENVIRONMENTAL END-USER INDUSTRY IN MEXICO LIKELY TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 145
FIGURE 69 TIC MARKET FOR THE AGRICULTURE END-USER INDUSTRY IN CANADA LIKELY TO GROW AT THE HIGHEST RATE DURING 2016–2022 147
FIGURE 70 EUROPE: MARKET SNAPSHOT 151
FIGURE 71 APAC: MARKET SNAPSHOT 160
FIGURE 72 CHINA TO LEAD THE TIC MARKET IN APAC DURING THE FORECAST PERIOD 2016–2022 161
FIGURE 73 TIC MARKET FOR THE ENVIRONMENTAL END-USER INDUSTRY IN INDIA LIKELY TO GROW AT THE HIGHEST RATE BETWEEN 2016 AND 2022 164
FIGURE 74 TIC MARKET FOR THE AGRICULTURE END-USER INDUSTRY IN INDIA IS LIKELY TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 166
FIGURE 75 TIC MARKET FOR THE CHEMICALS END-USER INDUSTRY IN CHINA LIKELY TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 2016–2022 169
FIGURE 76 ROW: MARKET SNAPSHOT 170
FIGURE 77 TIC MARKET IN SOUTH AMERICA LIKELY TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 171
FIGURE 78 TIC MARKET FOR CONSUMER GOODS IN SOUTH AMERICA LIKELY TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD (2016–2022) 174
FIGURE 79 TIC MARKET FOR THE MANUFACTURING END-USER INDUSTRY IN THE MIDDLE EAST LIKELY TO GROW AT THE HIGHEST RATE DURING 2016–2022 177
FIGURE 80 COMPANIES ADOPTED NEW SERVICES OR PRODUCT LAUNCHES AS THE KEY GROWTH STRATEGY BETWEEN 2013 AND 2016 179
FIGURE 81 MARKET EVOLUTION FRAMEWORK — NEW SERVICE LAUNCH WAS THE MAJOR STRATEGY ADOPTED BY KEY PLAYERS 182
FIGURE 82 GEOGRAPHIC REVENUE MIX OF MAJOR MARKET PLAYERS 187
FIGURE 83 SGS GROUP: COMPANY SNAPSHOT 188
FIGURE 84 SGS GROUP: SWOT ANALYSIS 191
FIGURE 85 BUREAU VERITAS S.A.: COMPANY SNAPSHOT 192
FIGURE 86 BUREAU VERITAS S.A.: SWOT ANALYSIS 194
FIGURE 87 INTERTEK GROUP PLC: COMPANY SNAPSHOT 195
FIGURE 88 INTERTEK GROUP PLC: SWOT ANALYSIS 198
FIGURE 89 TάV SάD GROUP: COMPANY SNAPSHOT 199
FIGURE 90 TάV SάD GROUP: SWOT ANALYSIS 201
FIGURE 91 DEKRA CERTIFICATION GMBH: COMPANY SNAPSHOT 202
FIGURE 92 DEKRA CERTIFICATION GMBH: SWOT ANALYSIS 204
FIGURE 93 ALS LIMITED: COMPANY SNAPSHOT 205
FIGURE 94 ASTM INTERNATIONAL: COMPANY SNAPSHOT 207
FIGURE 95 BSI GROUP: COMPANY SNAPSHOT 209
FIGURE 96 EXOVA GROUP PLC: COMPANY SNAPSHOT 211
FIGURE 97 TάV RHEINLAND A.G.: COMPANY SNAP SHOT 213
FIGURE 98 TάV NORD GROUP: COMPANY SNAPSHOT 215
FIGURE 99 SAI GLOBAL LIMITED: COMPANY SNAPSHOT 218
FIGURE 100 EUROFINS SCIENTIFIC: COMPANY SNAPSHOT 220
FIGURE 101 MISTRAS GROUP, INC.: COMPANY SNAPSHOT 223

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