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Testing, Inspection and Certification Market to be worth US $ 7,221 million by 2020

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Image Courtesy: earthtimes.org

                    Image Courtesy: earthtimes.org

According to a new market research report of MarketsandMarkets, ‘Textile Testing, Inspection and Certification (TIC) Market by Application (Textile Testing, Textile Inspection, Textile Certification, & Toys), and Geography – Global Forecast to 2020’ is expected to reach US $ 7,221.01 million by 2020, growing at a CAGR of 4.6% between 2015 and 2020.

TIC Market has been segmented based on geography into four regions which include North America, Europe, APAC, and Rest of the World (RoW). It is growing due to factors such as the reduction in the cost burden incurred by textile manufacturers because of outsourcing of TIC services, increase in the world wide trading of textiles, technological innovations in the textile sector, and others. 130 Pages report profiles the major players which are active in the TIC market like e SGS Group, Bureau Veritas SA, Intertek Group Plc, TUV SUD Group, TÜV Rheinland Group, AsiaInspection Ltd, British Standards Institution (BSI) Group, Centre Testing International, etc.

 

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