MarkNtel Advisors recently published a detailed industry analysis of the Europe Testing, Inspection and Certification Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Europe Testing, Inspection and Certification Market (2023-2028)
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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What is driving the Europe Testing, Inspection and Certification Market?
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.
Furthermore, among various markets, toys, clothing, and electronics witnessed comparatively large recalls than others. As per industry experts, the recalls in the electronics sector are mainly due to surging technological innovation, because of which unforeseen issues are coming up in electronic products, owing to which the demand for these testing services is prevailing & would continue to expand in the following years, thus enhancing the Europe Testing, Inspection & Certification Market size.
What segments define the Europe Testing, Inspection and Certification Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Service Type
(Testing Services, Inspection Services, Certification Services),
By Sourcing Type
(In-House Sourcing, Outsourced Sourcing),
By End User
(Consumer Good and Retail, Automotive, Food and Agriculture, Industrial & Manufacturing, Energy and Power, Chemicals, Construction & Infrastructure, Aerospace, Rail, Oil & Gas, Healthcare, Marine, Mining, IT & Telecom, Others),
By Country
(The UK, Germany, France, Spain, Italy, Rest of the Europe)
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Who are the leading key players shaping the Europe Testing, Inspection and Certification Market landscape?
SGS Group, Bureau Veritas, Intertek, Dekra, Eurofins Scientific, TUV SUD, DNV GL, TUV Rheinland, Applus+, TUV Nord, Others
Questions Addressed in this Study
1.What factors are driving the Europe Testing, Inspection and Certification Market growth?
2.How is the Europe Testing, Inspection and Certification Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Europe Testing, Inspection and Certification Market?
4.What is the current size of the Europe Testing, Inspection and Certification Market, and how is it projected to change in the future?
6.What is the future outlook for the Europe Testing, Inspection and Certification Market in terms of technological advancements and market expansion?
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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