Europe Testing, Inspection and Certification Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The European Testing, Inspection, and Certification Market is expected to register a CAGR of approximately 4.7% during the forecast period. Testing, inspection, and certification (TIC) play a significant role, primarily in ensuring that the infrastructure, services, and products meet the standards and regulations pertaining to safety and quality.
Key HighlightsThe European testing, inspection, and certification market is moderately competitive and consists of several players. The market appears to be moderately concentrated. Startups and incumbent TIC companies with a digital focus are posing tough competition with traditional TIC companies. Existing TIC companies are expected to continue making M&A activities a part of their core strategy over the forecast period, considering the anticipated market growth and increasing globalization.
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