Testing, Inspection, and Certification Market For The Transportation Industry - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The testing, inspection, and certification market for the transportation industry is expected to grow at a CAGR of 5.1% over the forecast period. The rise of manufacturing hubs in emerging and developed economies is expected to drive demand in the TIC market in the transportation industry.
Key HighlightsThe testing, inspection, and certification market for the transportation industry is highly competitive, with many local and international players active in the market. International participants operate in the market through partnerships with local players. With the market expected to broaden and yield more opportunities, more players are expected to enter. The key players in the market studied include Bureau Veritas, Element Metech, and SGS SA, among others. These major players have adopted various growth strategies, such as new product launches, mergers and acquisitions, expansions, partnerships, joint ventures, and others, to strengthen their position in this market.
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