Comprehensive Research Report on Europe Testing, Inspection and Certification Market Analysis, Growth Forecast 2023-2028
According to MarkNtel Advisors study the Europe Testing, Inspection and Certification Market research report is an extensive document that includes a plethora of information, including several opportunities and dynamics that are pertinent to the 2023–2028 projection period.
The Europe Testing, Inspection & Certification market Share is projected to grow at a CAGR of around 4.5% during the forecast period, i.e., 2023-28.
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Europe Testing, Inspection & Certification 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.
Competitive Landscape & Segmentation Analysis:
In order to provide a clear picture of competitive environment of the studied industry, we conducted a detailed analysis of both the majo players and the important regional small- and medium-sized businesses with significant growth potential. This Europe Testing, Inspection and Certification market research provides information on the competitors, including their sales volume and revenue with corresponding market shares, price, and gross margin. It also examines the current competitive situation of the market. Furthermore discussed are the market concentration ratio, mergers, acquisitions, and expansion strategies.
- SGS Group
- Bureau Veritas
- Intertek
- Dekra
- Eurofins Scientific
- TUV SUD
- DNV GL
- TUV Rheinland
- Applus+
- TUV Nord
- Others
By identifying the high growth sectors, the study also gives stakeholders valuable insights into the trends and factors that are either driving or impeding the market growth possibilities. From a strategic perspective, it looks at each submarket’s unique growth trajectory and market share.
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
Geographically, the Europe Testing, Inspection and Certification extends across the following regions:
By Country
-The UK
-Germany
-France
-Spain
-Italy
-Rest of the Europe
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Key Benefits for Stakeholders:
- To determine the prevailing market opportunities, this research offers a quantitative study of the market segments, current trends, projections, and shifts in the Europe Testing, Inspection and Certification market analysis from 2023 to 2028.
- Information on the main factors driving the market as well as the obstacles and possibilities are provided.
- The power of suppliers and buyers to empower stakeholders to make profit-driven business decisions and fortify their supplier-buyer network is underscored by Porter’s five forces analysis.
- A comprehensive examination of the Europe Testing, Inspection and Certification market segmentation aids in identifying the dominant market opportunities.
- The major countries in each area are shown in relation to the revenue they generate for the market.
- Market player positioning makes benchmarking easier and gives a clear picture of the current market position of each participant discussed in the report.
- The research analyzes market trends for Europe Testing, Inspection and Certification industry on a regional and scale, as well as the major competitors, market segments, and industry expansion tactics.
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