DUBLIN, July 27, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/6zvlqr/testing) has announced the addition of the "Testing, Inspection and Certification (TIC) Market by Application; Petroleum, Environmental Compliance, Consumer Products, Agriculture, & Mining, and Geography - Forecast to 2020 " report to their offering.

The testing, inspection, and certification (TIC) Market is expected to reach $50.60 Billion by 2020, growing at a CAGR of 5.00% between 2015 and 2020

The testing, inspection, certification (TIC) market comprises companies that are specifically engaged in providing testing, inspection, and certification services. The purpose of these services is to improve productivity, help manufacturers meet the global standards, and enhance the quality of their products. These services can be applied to any product, service, or company irrespective of the sector it is operating in. The aim of these services is to assure end-users and consumers that the manufacturer has followed national and international regulations and industry standards, which ensure quality, public health, and safety.

TIC market players are focusing towards expanding their geographical presence in emerging markets. They are expanding their portfolio and geographical reach through acquisitions and expansion strategies. Emerging markets have been witnessing an increasing demand for TIC services.

Formulation of stringent regulations and standards to ensure products' quality and safety, global trading of products, implementation of new regulations and standards in agriculture and environmental sectors, and outsourcing of TIC services to third party services providers are driving the growth of the testing, inspection and certification (TIC) market. However, regional regulations and standards impact the globalization of trade, which could hamper the growth of the testing, inspection, and certification market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Testing, Inspection, and Certification (TIC) Market, By Application

8 Geographic Analysis

9 Competitive Landscape

10 Company Profiles

- ALS Limited

- BSI Group

- Bureau Veritas SA

- Dekra Certification GmbH

- Intertek Group PLC

- SAI Global

- SGS Group

- TUV Nord Group

- TUV Rheinland Group

- Tüv Sud Group

- UL LLC

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http://www.researchandmarkets.com/research/6zvlqr/testing

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Laura Wood, +353-1-481-1716, press@researchandmarkets.net

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SOURCE Research and Markets