Asia Pacific Testing, Inspection, and Certification Services Market to Witness Growth Acceleration During 2019-2024
Category: #reports  By Madhuri Pawar  Date: 2019-03-29
  • share
  • Twitter
  • Facebook
  • LinkedIn

Asia Pacific Testing, Inspection, and Certification Services Market to Witness Growth Acceleration During 2019-2024

As per the latest report by Graphical Research titled “Asia Pacific Testing, Inspection and Certification (TIC) Services Market Size By Service (Testing, Inspection, Certification), By Application (Construction, Agriculture & Food, Life Science, Consumer Product, Transportation, Energy, Oil, Gas, & Chemical, Mining), By Type (In-House, Outsource), Countries Outlook (Australia, China, India, Japan, South Korea), Industry Size, Share, Growth Trends & Forecast, 2018 – 2024”, estimated to exceed USD 80 Billion By 2024.

The Asia Pacific TIC market is driven by rapid industrialization and urbanization in developing countries including China and India. The widespread industrialization in these countries has attracted enormous investments in the transport, infrastructure, and energy sectors. This has generated numerous opportunities for market growth. In addition, the increasing demand for more durable & reliable products along with environmental safety is giving rise to advanced TIC services in the region.

Request for Sample copy of this research report @
https://www.graphicalresearch.com/request/1147/sample

The outsourcing market is predicted to attain a growth rate of over 14% during the forecast timeline. The market is driven by the increasing need among companies to lower their labor costs and increase their profitability. The organizations in the developed regions are outsourcing their TIC operations to countries with lower labor costs including India and China. It also reduces the company’s infrastructure investments and allows them to focus on their core functionality.

The consumer products market is anticipated to grow at a CAGR of over 11% over the projected time period due to the rising safety expectations among consumers. There has been a rise in consumer spending and awareness regarding the quality and safety of consumer products. This has increased the demand for more sturdy and dependable products, forcing manufacturers to use TIC services. TIC services help to reduce the risks, ensure compliance with the defined standards, and improve the efficiency of the products by optimizing costs involved in procuring, developing, packaging, and distributing various consumer products.

The vendors present in the Asia Pacific TIC market are SGS, Intertek, Applus, Bureau Veritas, Dekra, TUV SUD, and TUV Rheinland. The major players are acquiring various start-ups in the Asia Pacific region to increase their presence in the market. For instance, in February 2016, SGS acquired The Lab, a Hong Kong-based independent material testing and inspection firm. The acquisition was aimed at increasing its presence in the Asia Pacific construction material testing market.

Browse key industry insights from this report @ 
https://www.graphicalresearch.com/industry-insights/1147/apac-testing-inspection-and-certification-tic-services-market

Segments we cover:

Asia Pacific TIC Services Market Statistics, By Providers

  • Testing
  • Inspection
  • Certification

Asia Pacific TIC Services Market Growth, By Type

  • In-house
  • Outsource

Make an inquiry for purchasing this report @
https://www.graphicalresearch.com/request/1147/customize-this-report

Asia Pacific TIC Services Market Trends, By Application

  • Agriculture & Food
  • Construction
  • Life Science
  • Consumer Products
  • Transportation
  • Energy
  • Oil, Gas & Chemical
  • Mining

The above information has been provided for the following countries:

  • Australia
  • China
  • India
  • Japan
  • South Korea

Related Reports:

  1. North America Testing, Inspection, and Certification (TIC) Services Market Statistics By Type (In-House, Outsource), By Application (Life Science, Consumer Product, Agriculture & Food, Construction, Transportation, Energy, Oil, Gas, & Chemical, Mining), By Service (Testing, Inspection, Certification), Countries Outlook (U.S., Canada), Industry Report, Growth Analysis & Forecast, 2018 – 2024

https://www.graphicalresearch.com/industry-insights/1146/north-america-tic-services-market

  1. Europe Testing, Inspection, and Certification (TIC) Services Market Growth By Application (Agriculture & Food, Life Science, Construction, Consumer Product, Transportation, Energy, Oil, Gas, & Chemical, Mining), By Service (Testing, Inspection, Certification), By Type (In-House, Outsource), Countries Outlook (UK, Germany, France, Italy, Spain, Russia, Denmark), Industry Forecast, 2018 – 2024

https://www.graphicalresearch.com/industry-insights/1145/europe-testing-inspection-and-certification-tic-services-market

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

Contact Us:

Parikhit B.
Corporate sales,
Graphical Research
Email: [email protected]
Web: https://www.graphicalresearch.com/ 



About Author

Madhuri Pawar

Email: [email protected]   

Madhuri Pawar

A post graduate in Electronics and telecommunication field, Madhuri writes for News.Marketsizeforecasters.com and carries a rich experience in digital marketing, exploring how the online world works from a marketing perspective. her other areas of interest include rea...

Read More

More News By Madhuri Pawar

Incisive evaluation of North America Vacuum Coating Equipment Market Research Report Released With Growth, Latest Trends & Forecasts Till 2024
Incisive evaluation of North America Vacuum Coating Equipment Market Research Report Released With Growth, Latest Trends & Forecasts Till 2024
By Madhuri Pawar

According to the Graphical Research new growth forecast report titled North America Vacuum Coating Equipment Market By Application (PVD [Microelectronics, Storage, Solar, Medical Equipment, Cutting Tools], Magnetron Sput...

North America Glass Packaging Market Capacity and Profit 2019-2024 Forecast by Manufacturers, Key Players & more
North America Glass Packaging Market Capacity and Profit 2019-2024 Forecast by Manufacturers, Key Players & more
By Madhuri Pawar

According to the Graphical Research new growth forecast report titled North America Glass Packaging Market By Application (Alcoholic Beverages, Beer, Food & Beverages, Pharmaceuticals), By Product (Borosilicate, De-a...

Europe Automotive Camera : Insights Into & Future of the Market to 2025
Europe Automotive Camera : Insights Into & Future of the Market to 2025
By Madhuri Pawar

According to the Graphical Research new growth forecast report titled “Europe Automotive Camera Market Size By Type (Mono, Stereo, Trifocal), By Application (ADAS [Lane Departure Systems, Emergency Braking Systems, Forw...