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North America Testing, Inspection, and Certification (TIC) Services Market Revenue to Surpass USD 40 bn by 2024

Author : Ronak Bora | Published Date : 2020-10-16 

The market study on North America Testing, Inspection, and Certification (TIC) Services Market offers foolproof analysis on the industry with critical data regarding its foothold in the global industry along with laying emphasis on its applications across myriad end-user sectors.

According to the study, North America TIC services industry registered a revenue share of USD 30 billion in 2017 and is projected to record USD 40 billion by the end of 2024, in terms of revenue, while increasing at an anticipated growth rate of 6% during 2019-2024. Additionally, the study also boasts of vital information on the current market scenario, advancing technologies, expansive competitive landscape, growth prospects, industry tactics, and vivid market segmentations.

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The research report describes the factors that carry the ability potentially drive the growth curve of the overall industry over the foreseeable time period, along with focusing on intricate details of the ongoing trends that the North America TIC services industry is characterized by. The North American TIC services market, as per given report, is bifurcated on basis of type, application, service, regions, and competitive landscape.

The outsourcing market is expected to attain a CAGR of over 8% over the projected timespan. Prominent companies & public institutions are increasingly outsourcing TIC activities to external specialist’s service providers. The company’s primary objective for outsourcing TIC activities is to lower the company’s cost and thereby focus on its core competency. The external TIC service providers help companies achieve higher product quality as they employ testing personnel, who possess expertise in a wide range of TIC methodologies. This facilitates high-quality assurance across its services.

The overall TIC services industry in North America is diversified into various geographies such as U.S., Canada. A complete analysis if the has been enclosed in the report as well. It includes the factors that are currently supporting the growth of regional markets. Additionally, it also consists of details of trending growth opportunities existing in every region, their individual growth rates, technologies being used, stringent regulatory reforms, and much more.

The North America TIC market is fostered by the rising number of rigorous government regulations to promote consumer safety and enhance the product quality. The region imports billions of dollars of products to fulfill the rapidly growing consumer demands. In 2017, the U.S. imported goods worth USD 2.614 trillion from across the globe. Most of the imports do not comply with consumer safety standards set by the regulatory authorities in the region. This is driving the demand for TIC services across various industry verticals to ensure compliance with standards and guidelines set by the government.

Based on the competitive landscape, North America TIC services market is highly consolidated and includes mention of top-notch companies operating in the market like CSA Group, NTS, SGS, Dekra, Bureau Veritas, Kiwa, and ALS Global. The document envelops information on sales spectrum of each of these firms, their strategies to sustain their position in the market, individual company profiles and market share, along with their position in the overall ecosystem.

[TOC Chapters]

Chapter 4.North America TIC Services Market Size, by Providers, 2013 - 2024


  • Testing
  • Inspection
  • Certification


Chapter 5.North America TIC Services Market Size, by Type, 2013 - 2024


  • In-house
  • Outsource


Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1146/north-america-tic-services-market

Other Reports:

North America Heat Recovery Steam Generator Market

North America CHP 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.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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