Comprehensive Research Report on Europe Testing, Inspection and Certification Market Analysis, Growth Forecast 2023-2028
MarkNtel Advisors, a respected research firm, has conducted a comprehensive analysis of the Europe Testing, Inspection and Certification market size, Share, Analysis, considering a multitude of factors such as recent developments, trade regulations, import-export assessments, production patterns, shifts in market regulations, optimization of the value chain, and valuable insights into market share. This study is meticulously structured with clearly delineated sections, chapters, and sub-categories, facilitating easy navigation for readers.
What is the market size of the Europe Testing, Inspection and Certification industry?
The Europe Testing, Inspection & Certification market is projected to grow at a CAGR of around 4.5% during the forecast period, i.e., 2023-28.
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Market Driver:
High Product Recalls to Augment the Market Expansion
The product recall activities across major markets, like automotive, pharmaceutical, etc., have enriched during 2018-22. As per Sedgwick’s European State of the Nation Recall Index report 2023, around 10,545 product recalls in 2022, a 4.3% increase over 2021. Owing to this, companies across various sectors, such as consumer products, electronics, and several others, highly relied on TIC services for validating product quality & making sure that they comply with regulatory standards, thereby avoiding recalls.
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What specific elements are included in the segmentation of the Europe Testing, Inspection and Certification industry?
The Europe Testing, Inspection and Certification market comprises a wide array of diverse segments encompassing variations, trends, and market strategies. These segments are meticulously defined and thoroughly discussed, offering stakeholders vital insights necessary for making informed decisions and gaining a comprehensive understanding of the market landscape. The market is composed of the following segments:
By Service Type
-Testing Services- Market Size & Forecast 2018-2028, USD Million
-Inspection Services- Market Size & Forecast 2018-2028, USD Million
-Certification Services- Market Size & Forecast 2018-2028, USD Million
By Sourcing Type
-In-House Sourcing- Market Size & Forecast 2018-2028, USD Million
-Outsourced Sourcing- Market Size & Forecast 2018-2028, USD Million
By End User
-Consumer Good and Retail - Market Size & Forecast 2018-2028, USD Million
-Automotive - Market Size & Forecast 2018-2028, USD Million
-Food and Agriculture - Market Size & Forecast 2018-2028, USD Million
-Industrial & Manufacturing - Market Size & Forecast 2018-2028, USD Million
-Energy and Power - Market Size & Forecast 2018-2028, USD Million
-Chemicals - Market Size & Forecast 2018-2028, USD Million
-Construction - Market Size & Forecast 2018-2028, USD Million
-Aerospace- Market Size & Forecast 2018-2028, USD Million
-Oil & Gas - Market Size & Forecast 2018-2028, USD Million
-Healthcare - Market Size & Forecast 2018-2028, USD Million
-Marine- Market Size & Forecast 2018-2028, USD Million
-Mining- Market Size & Forecast 2018-2028, USD Million
-IT & Telecom- Market Size & Forecast 2018-2028, USD Million
-Others (Railways, Supply Chain & Logistics, Sports & Entertainment, etc.) -Market Size & Forecast 2018-2028, USD Million
Geographically Covered
By Region
-The UK
-Germany
-France
-Spain
-Italy
-Rest of the Europe
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Who are the major players in the Europe Testing, Inspection and Certification industry?
- SGS Grou
- Bureau Veritas
- Intertek
- Dekra
- Eurofins Scientific
- TUV SUD
- DNV GL
- TUV Rheinland
- Applus+
- TUV Nord
- Others
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Gain a competitive edge by leveraging our Europe Testing, Inspection and Certification market report.
- The analysis of the Europe Testing, Inspection and Certification market provides a comprehensive and in-depth examination of the industry's size, growth trajectory, competitive landscape, and key players. This thorough analysis equips businesses with a complete understanding of market dynamics, enabling them to make informed decisions.
- Additionally, this research examines current market trends and offers future forecasts, enabling companies to identify emerging opportunities and potential challenges. By grasping market forecasts, businesses can align their strategies and gain a competitive edge.
- The research on the Europe Testing, Inspection and Certification industry simplifies the process of evaluating and mitigating risks associated with entering or operating within the sector.
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