Testing, Inspection and Certification Market to be worth US $ 7,221 million by 2020 | Apparel Resources
Home » News » Trade News » Testing Inspection And Certification Market To Be Worth Us 7221 Million By 2020

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

Share: 
      Newsletter

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.

 

Have some news? Let us know on news@apparelresources.com

Recommended by Apparel Resources

Industry 4.0, a threat to Vietnam’s textiles sector?!

“The fourth Industrial Revolution (Industry 4.0) will present a challenge for Vietnam’s textiles and garment sector within the next five years,” said Le...

India’s Cochin Port Trust proposes facilities to handle cotton trade

Cochin Port Trust, a Government of India establishment which governs Cochin Port – a major port on the Laccadive Sea – Indian Ocean...

Gujarat (India) gets new trade body for garment industry

A new trade body – Association of Apparel Manufacturers and Exporters of Gujarat (AAMEG) – has been formed in Gujarat, India, to address...

Lectra reports strong FY 2016 results

The fiscal 2016 results of Lectra, the technology solution provider, indicated strong growth in operational income and revenues. Lectra’s revenues for fiscal 2016...

EFI reports drop in revenue

Electronics For Imaging Inc., a world leader in customer-focused digital printing innovation, has announced its financial results for the first quarter of current...

Netherlands to explore textile business prospects in Albania

The Netherlands is looking to explore new textile business opportunities in Albania that would boost ties between the two countries. A delegation from...

Trade unions avert industrial disaster in Bangladesh

Trade unions, operating in Bangladesh, claimed to have averted a big industrial disaster after they supported more than 3,000 workers who refused to...

Sri Lankan garment industry’s working conditions upsets MEP

"If the European Union consumers knew the extremely abusive working conditions of the women who produce the clothes they buy from Sri Lanka,...

Tanneries in Bangladesh shifting; workers await job assurance

Bangladesh Government is pushing tanneries to move from national capital’s (Dhaka) Hazaribagh area to the suburbs of Savar. As the process is still...

Apparel Resources interviews Puma India’s Apparel Sourcing Head

Shirish Srivastava, Country Manager – Apparel Sourcing (India) at Puma Global Sourcing, Bangalore an ex-Niftian, a lean manufacturing expert and a black belt...