According to the new market research report by IndustryARC titled “South Africa Testing, Inspection and Certification Market: By Applications (Quality and Safety Services, Product Performance, Industrial Inspection, Others; By End-User (Automotive, Food, Medicine, Oil & Gas, System Compliance, Commercial & Others) – Forecast (2018-2023)”,the market will be driven by the introduction and implementation of new regulation in end user industries, such as agriculture and mining industries.
Selected Value Chain & Ecosystem Analysis Done in the Full Report
The Value Chain for Testing, Inspection & Certification (TIC) Services varies congruous with industry verticals, processes and the nature of services, as there is no ‘one size fits for all when it comes to value chain for the entire TIC services activity and stakeholders. Hence, an ecosystem can be described to understand the nature of the TIC market
It’s a short term process of measuring the properties and performance of products.
The document generated in the process is a testing report.
There also lies a short-term process of investigating the process which usually refers to the activity of checking products, analyzing manufacturing processes, and organizations.
This is a long term process that follows Testing & Inspection phases. Here, a product will be certified for passing through rigorous performance and quality assurance tests. Thus they meet the local or international quality standards relevant to a particular market or product set.
This is a key step ensuring that the required quality and reliability parameters have been observed post which, offering can be made commercial.
Excerpts on Market Growth Factors
Outhouse/outsourcing TIC market is estimated to reach 6.92m by 2023, growing at a CAGR of 11.45%.
The TIC market for product performance evaluation is estimated to reach 2.33 million by 2023, growing at a CAGR 9.05% during the forecast period.
System certification is the major segment among the industrial inspection techniques with expected revenue of 5.39 million by 2023 at a CAGR of 10.09%.
The key applications include Quality & Safety Services, product performance, among others. Food and industrial segments will register the growth of 10.5% and 9.78% respectively in the same forecast period.
Advent of new technologies, rising awareness on safety measures, stringent environment compliances have changed the South Africa industry outlook entirely with respect to the standard and safety regulation which ensure to safeguard individual, machines, and so on.
TIC companies reformed their services as per the supply chain and can perform test, inspect and certify products irrespective of where the product is being manufactured, installed or procured.
Industrial TIC held the largest share of around 24% in 2017, though Medicine & Life Science end user is estimated to have fastest growth of 12.2% during the forecast period owing to the rapid industrialization in South Africa.
System certification application segment accounted for nearly 36% of the South Africa industrial testing, inspection & certification market in the year of 2017, and is projected to witness fastest growth during the period of 2018-2023.
This is followed by laboratory outsourcing application accounting for nearly 28% of the South Africa industrial TIC market and is projected to grow at a CAGR of 9.82% during the forecast period
The market for certification and valuation of shipments is estimated to reach 1.44 million in 2023, growing at a CAGR 7.9% during the forecast period.
The South Africa Market region has grown during the recent years owing to the rise in foreign investments and government initiatives. Increased political stability and their growing resource utilization are driving the growth.
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Key players of the South Africa Testing, Inspection and Certification Market:
Bureau Veritas S.A., Neda Engineering, SGS S.A., TUV Rheinland Group, DNV GL Group, Ultrascan Inspection CC, Sonartech, Dekra SE, Stanley Inspection, Intertek Group plc, TUV SUD AG, TUV Nord Group are considered as major players of the RSA Testing, Inspection, & Certification Market.
Some of the TIC companies assist manufacturers to get the certifications and these are Bureau Veritas, Intertek among others.
The South Africa Testing, Inspection, and Certification Market Report is Segmented as Indicated Below:
South Africa Testing, inspection, and certification Market By Application:
Quality & Safety services
South Africa Testing, inspection, and certification Market By End-user
Oil & Gas
South Africa Testing, Inspection, and Certification Market By Geography (Covers + Countries)
South Africa Testing, Inspection, and Certification Market By Entropy
Bureau Veritas SA
TUV Rheinland AG
What can you expect from the report?
The South Africa Testing, Inspection, and Certification Market Report is prepared with the main agenda to cover the following 20 points:
Market Size by Product Categories
Top 10 End user Analysis
Mergers & Acquisition Analysis
Demand Analysis (By Revenue & Volume)
Country level Analysis (15+)
Market Shares Analysis
Value Chain Analysis
Supply Chain Analysis
Current & Future Market Landscape Analysis
Revenue and Volume Analysis
Does IndustryARC publish country, geography or application based reports in South Africa Testing, Inspection, and Certification Market?
Yes, we do have separate reports as mentioned below:
Quality and Safety Services Market for South Africa Testing, Inspection, and Certification(2018-2023)
Product Performance Market for South Africa Testing, Inspection, and Certification(2018-2023)
Industrial Inspection Market for South Africa Testing, Inspection, and Certification(2018-2023)
Automotive Market for South Africa Testing, Inspection, and Certification(2018-2023)
Food Market for South Africa Testing, Inspection, and Certification(2018-2023)
Medicine Market for South Africa Testing, Inspection, and Certification(2018-2023)
Oil & Gas Market for South Africa Testing, Inspection, and Certification(2018-2023)
System Compliance Market for South Africa Testing, Inspection, and Certification(2018-2023)
Commercial Market for South Africa Testing, Inspection, and Certification(2018-2023)
Does IndustryARC customize these reports and charge additionally for limited customization?
Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
Increase the level of data in application or end user industry.
Increase the number of countries in geography chapter.
Find out market shares for other smaller companies or companies which are of interest to you.
Company profiles can be requested based on your interest.
Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirement. You can drop in an e-mail to email@example.com to discuss more about our consulting services.
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Venkatesh Joined: August 23rd, 2018 Articles Posted: 184