The Asia Pacific Testing, Inspection, and Certification Market is projected to grow at a CAGR of 6.3% during the forecast period from 2021 to 2026. The COVID-19 pandemic disrupted the manufacturing supply chains of the studied market, therefore the market witnessed decline in demand for some period. Many Testing, Inspection, and Certification (TIC) end-users depended on Chinese imports for final products and intermediate inputs struggled to source them while China went into lockdown. The spread of COVID-19 to other countries impacted the manufacturing output and supply-chain disruptions.
The Asia PacificTesting, Inspection, and Certification Market consists of several major players. Although the market is fragmented, the market is dominated by few prominent players, namely, SGS, Bureau Veritas, Intertek, TUV SUD, and TUV Rheinland. These companies are establishing strategic collaborative initiatives aimed to increase market share and increase profitability. Moreover, with technological advancements and product innovations, mid-size to smaller companies increase their market presence by securing new contracts and tapping new markets.
1 INTRODUCTION 1.1 Study Assumptions and Market Definition 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS 4.1 Market Overview 4.2 Industry Ecosystem Analysis 4.3 Market Drivers 4.3.1 Growing emphasis on adopting export-friendly practices by mitigating product recalls and scope for counterfeiting and piracy 4.3.2 Emergence of Asia Pacific as a major manufacturing hub in the region to aid market demand for TIC services 4.4 Market Challenges 4.4.1 Growing complexity in supply chain leading to an increase in the lead times for assessment programs 4.4.2 The presence of diverse standards makes it complicated for non-incumbents to ensure compliance 4.5 Major TIC Standards and Regulations in Asia Pacific 5 ASIA PACIFIC TIC MARKET - SEGMENTATION BY TYPE 5.1 In-house 5.2 Outsourced 6 ASIA PACIFIC TIC MARKET - SEGMENTATION BY SERVICE TYPE 6.1 Testing & Inspection 6.2 Certification 7 ASIA PACIFIC TIC MARKET - SEGMENTATION BY END-USER 7.1 Industrial Manufacturing 7.2 Automotive & Transportation 7.3 Oil & Gas 7.4 Mining & downstream applications 7.5 Food & Agriculture 7.6 Building & Infrastructure 7.7 Consumer Goods & Retail 7.8 Other End-user verticals (Healthcare & Lifesciences, etc.) 8 ASIA PACIFIC TIC MARKET - SEGMENTATION BY COUNTRY 8.1 China 8.2 India 8.3 South Korea 8.4 Japan 8.5 South East Asia - Singapore, Indonesia, Thailand, Vietnam, Philippines & Malaysia 8.6 Rest of Asia Pacific (Australia, etc.) 9 COMPETITIVE INTELLIGENCE - KEY VENDOR PROFILES 9.1 SGS Group 9.2 Intertek Limited 9.3 Bureau Veritas Group 9.4 AmSpec Services LLC 9.5 China Inspection Company Limited 9.6 Cotecna Group 9.7 UL Group 9.8 TUV SUD 9.9 Apave Japan Co. Limited 9.10 TUV Rheinland Group 9.11 Seoul Inspection & Testing Co. Limited 9.12 SIRIM QAS International Sdn Bhd 9.13 ALS Malaysia 9.14 ABS Consulting (Malaysia) Sdn. Bhd. 9.15 Setsco Services Pte Ltd (ST Engineering) 9.16 PT Carsurin 9.17 Singapore Test Lab Pte Ltd 9.18 PT Superintending Company of Indonesia (SUCOFINDO) Perseo 10 VENDOR POSITIONING ANALYSIS - ASIA PACIFIC TIC MARKET 11 INVESTMENT ANALYSIS AND MARKET OUTLOOK
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