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Rising Awareness about Health Safety Measures Results in High Sales in Testing, Inspection, and Certification Market

The global testing, inspection, and certification market is expected to witness substantial growth in the next few years, owing to multiple attractive growth drivers, such as constant advancements in technology, rising awareness pertaining to importance of health safety protocols and measures, and stringent norms regarding the environmental conservation and protection. Furthermore, increase in the usage of solutions in the global testing, inspection, and certification market across various end use industry verticals is also expected to fuel the demand within the global testing, inspection, and certification market in coming years. Some of the most notable end use industry verticals that make use of the products and solutions offered by the players in the global testing, inspection, and certification market include construction and infrastructure, food and beverages, information technologies, healthcare and pharmaceutical, travel and tourism, water and wastewater management, education, cosmetics, transformational and contract manufacturing, agriculture and forests, chemical, transportation and logistics, energy and utilities, government, and textile.

The emerging economies across the world are providing numerous cash grab opportunities for the expansion of the global testing, inspection, and certification market. The rising volume of goods and products exported from emerging economies has risen dramatically in the recent past, leading to increasing focus between the large western corporations on controlling the entire value chain. This is expected to further the development within the global testing, inspection, and certification market in coming years. The research report predicts that the global testing, inspection, and certification market will record a substantial development rate of 8 % over the study’s forecast period i.e. 2020 to 2027. Furthermore, it also predicts that the global testing, inspection, and certification market will expand from its initial evaluation of US$ 205,201 million in 2019.

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Few of the major incumbent players operational within the global testing, inspection, and certification market include Bureau Veritas SA, ASTM International, TUV SUD AG, AsureQaulity Ltd., Dekra SE, TUV Rheinland Group, Intertek Group PLC, SGS Group, ALS Ltd., DNV GL Group AS, Underwriters Laboratories Inc., and Llyod’s Register Group Limited. Players in the global testing, inspection, and certification market are focusing on offering new products across the world to enhance their industry positioning. For example, Intertek launched a new suite of ‘transaction due diligence’ solutions in April of 2021.

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