The Testing, Inspection, and Certification (TIC) Industry for Building and Construction Market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.8% in the forecast period of 2021 to 2028 and expected to reach USD 31,111.15 million by 2028.
Analytical study of this Testing, Inspection, and Certification (TIC) Industry for Building and Construction Market report aids in formulating growth strategies to augment sales and build brand image in the market. The report analyses and estimates general market drivers in the form of consumer demand, government policy and demand which are related to consumer buying pattern and thereby market growth and development. Testing, Inspection, and Certification (TIC) Industry for Building and Construction Market Research Report is a vital part of planning a business and organized way to bring together and document information about this industry, market, or potential customers. This Testing, Inspection, and Certification (TIC) Industry for Building and Construction market research report also contains strategic profiling of major players in the market, meticulously analysing their core competencies, and drawing a competitive landscape for the market.
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Leading Key Players Operating in the Testing, Inspection, and Certification (TIC) Industry for Building and Construction Market Includes:
The major market players engaged in the global testing, inspection, and certification (TIC) market for building & construction are ALS Limited, UL LLC, BUREAU VERITAS, SGS SA, ANTYIPOUR2007 LLC, Element Materials Technology, Intertek Group plc, DEKRA e.V., BRE, Applus+, MISTRAS Group, Eurofins Scientific, The British Standards Institution, TÜV Rheinland, Lloyd’s Register Group Services Limited, DNV AS, TÜV NORD GROUP, Türk Loydu, TÜV SÜD, ICC NTA, LLC.
For instance,
- In February 2021, Dekra e.V. had expansion in non-destructive material testing (NDT) services energy industry and pipeline construction, These services helps to increase the performance of the work as well as boost the efficiency of the workers.
Key Market Segments:
- On the basis of service type, the global testing, inspection, and certification (TIC) market for building & construction is segmented into testing, inspection, and certification. In 2021, testing segment is expected to dominate the market because of its ability to maintain safety measurements, which can maintain the efficiency of the products.
- On the basis of sourcing type, the global testing, inspection, and certification (TIC) market for building & construction is segmented into in-house and outsourced. In 2021, the In-House segment is expected to dominate the market because of the increasing interest of local TIC services.
- On the basis of testing type, the global testing, inspection, and certification (TIC) market for building & construction is segmented into acoustics testing, engineering support, fire safety testing, heat pump testing, indoor environment testing, structural testing, and wind load testing. In 2021, structural testing segment is dominating because maximum countries are prone to high intensity earthquakes, hence, the demand for structural testing is increasing in the region.
- On the basis of application, the global testing, inspection, and certification (tic) market for building & construction is segmented into residential buildings, commercial buildings, and infrastructural. In 2021, infrastructural segment is dominating because of exponential growth in infrastructural work.
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Testing, Inspection, and Certification (TIC) Industry for Building and Construction Market, By Region:
- North America (USA, Canada and Mexico)
- Europe (Germany, France, the United Kingdom, Netherlands, Russia, Italy and Rest of Europe)
- Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia, rest of countries etc.)
- Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria and South Africa)
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