TIC For Apparel Market Scope
TIC stands for Testing, Inspection, and Certification which was made by International Organization for standardization and International Electrotechnical Commission. TIC was established to test products against industry standards, then check them for process, design, and other aspects. Once all of the requirements have been completed, an authorized organization issues a certificate. This is done to ensure that the requirements specified by the IOS and other authorities are met. TIC exists for a variety of products, including agriculture, chemicals, aerospace, oil and gas, supply chain, and logistics, among others. These standards are used all across the world because they are set by ISO and IEC. Because there are thousands of brands in the apparel business, TIC for Apparel is one of the fastest-growing segments.
The TIC For Apparel market study is segmented by Type (In-House Services and Out-House Services), by Application (Fabric Check, Garment Labeling, Workmanship Assessment and Other) and major geographies with country level break-up.
Research Analyst at AMA estimates that European Manufacturers will contribute to the maximum growth of Global TIC For Apparel market throughout the predicted period.
SGS Group (Switzerland), Bureau Veritas SA (France), Intertek Group Plc (U.K.), TUV SUD Group (Germany), TÜV Rheinland Group (Germany), AsiaInspection Ltd (Hong Kong), British Standards Institution (BSI) Group (U.K.), Centre Testing International (CTI) (China), Hohenstein Institute (Germany), SAI Global Ltd (Australia) and TESTEX AG (Switzerland) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global TIC For Apparel market by Type, Application and Region.
On the basis of geography, the market of TIC For Apparel has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Poland, Norway, Austria, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
January 2021 – SGS Completes Acquisition of SYNLAB Analytics & Services (A&S), a leading European environmental, food testing and tribology services company. Currently, A&S is a division of SYNLAB, the leading medical diagnostic services provider in Europe.
Market Trend
- Technological Innovations in the Textile Sector
Market Drivers
- Introduction of New Regulations and Standards in the Textile Sector
- Reduced Cost Burden for Textile Manufacturers Due to Outsourcing of TIC Services
Opportunities
- Increase in the Worldwide Trading of Textiles
Restraints
- Domestic Regulations and Standards May Hamper the Trading of Textiles Globally
Challenges
- Textile Products in the Overseas Market Take A Longer Time to Get Approved
- Strict Quality and Safety Regulations in the Textile Industry
Key Target Audience
Research organizations, Technology standards organizations, forums, alliances, and associations, Technology providers, Analysts and strategic business planners, End users, Governmental bodies and Others