Market Size of Global Textile Testing, Inspection and Certification (TIC) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.50 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
Textile Testing, Inspection & Certification (TIC) Market Analysis
The Global Textile Testing, Inspection, and Certification (TIC) Market is expected to grow at a CAGR of more than 7.5% during the forecast period (2022 -2027). The COVID-19 pandemic has disrupted the TIC market significantly. COVID-19 has reduced manufacturing and production activities in several regions due to the implementation of lockdowns by many national governments.
The textile TIC market is expected to be driven by the introduction of new regulations and standards in the textile sector, technological innovations in the textile sector, and an increase in the worldwide trading of textiles. The textile industry is majorly being driven by the rising production of textiles and increasing trading of textile products. The global textile market size was valued at USD 993.6 billion in 2021, the U.S. is anticipated to be the largest market in the North American region for textiles. It is one of the largest producers, raw cotton exporters, and top raw textile importers. Fashion is the largest application segment in the region owing to the fast-changing fashion trends due to the increasing number of online fast fashion companies.
Automated systems, drones and integrated sensors are some of the technologies that have started to replace physical inspection, which is labor-intensive and prone to human error. TIC players value these new technologies, as they allow higher efficiency. However, they also create opportunities for new entrants. Finally, the rise of blockchain technology is full of promise for TIC players, some of which have started to investigate its specific applications. One of the main advantages of blockchain is the distributed storage of information and transaction records, thus making it immune to undetected manipulation and keeping it safe from information tampering.
Textile Testing, Inspection & Certification (TIC) Industry Segmentation
To assure the quality and safety of textiles, textile testing, inspection, and certification (TIC) is carried out. Textiles are required to comply with national and international performance standards. Textile testing is used to determine the quality of raw materials, oversee production, and test the finished product. Labelling and packaging are checked, raw materials are examined, and partially completed goods are inspected during textile inspection. Textile certifications attest to the fact that producers adhered to quality, safety, and performance criteria during the manufacturing process. A complete assessment of the Global Textile Testing, Inspection and Certification (TIC) Market includes an assessment of the economy market overview, market size estimation for key segments, and emerging trends in the market segments in the report. The report sheds a light on the market trends like growth factors, restraints, and opportunities in this sector. The competitive landscape of the Global Textile Testing, Inspection and Certification (TIC) Market is depicted through the profiles of active key players. The report also covers the impact of COVID - 19 on the market and the future projections.
The Global Textile Testing, Inspection and Certification (TIC) Market is segmented By Application (Textile Testing, Textile Inspection, Textile Certification), By Geography (North America, Asia-Pacific, Europe, Latin America, Middle East & Africa). For each segment, the market sizing and forecasts have been done on the basis of value (USD billion).
| By Application | |
| Textile Testing | |
| Textile Inspection | |
| Textile Certification |
| By Geography | |
| North America | |
| Asia-Pacific | |
| Europe | |
| Latin America | |
| Middle East & Africa |
Global Textile Testing, Inspection and Certification (TIC) Market Size Summary
The Global Textile Testing, Inspection, and Certification (TIC) Market is poised for significant growth, driven by the introduction of new regulations, technological innovations, and increased global trading of textiles. The market has faced disruptions due to the COVID-19 pandemic, which led to reduced manufacturing activities across various regions. However, the demand for TIC services is expected to rise as the textile industry continues to expand, particularly in regions like North America, where the U.S. stands out as a major player. The integration of advanced technologies such as automated systems, drones, and blockchain is enhancing efficiency and security in TIC processes, offering new opportunities for market participants. These advancements are crucial for ensuring compliance with quality standards, which is essential for gaining international recognition and maintaining competitiveness in the global market.
The textile industry is experiencing robust growth, with major producing countries like China, the U.S., India, and Bangladesh leading the charge. China remains the largest producer and exporter, while the U.S. excels in raw cotton production and textile imports. India's textile sector is also thriving, with significant export values, and Bangladesh has emerged as a key competitor due to its low labor costs and large workforce. The rise of e-commerce, accelerated by the pandemic, is further fueling the demand for TIC services, as quality assurance becomes paramount for online sellers. The market is fragmented, with major players like SGS Group, Bureau Veritas SA, and Intertek Group Plc leveraging strategic partnerships and technological advancements to enhance their market presence and profitability. These collaborations aim to develop innovative solutions that meet the evolving needs of the textile industry, ensuring compliance and sustainability in production processes.
Global Textile Testing, Inspection and Certification (TIC) Market Size - Table of Contents
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1. Market Insights
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1.1 Market Overview
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1.2 Market Dynamics
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1.2.1 Drivers
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1.2.2 Restraints
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1.2.3 Opportunities
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1.3 Government Regulations and Initiatives
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1.4 Supply Chain/Value Chain Analysis
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1.5 Porter's Five Forces Analysis
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1.6 Technology Snapshot and Digital Trends
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1.7 Impact of COVID-19 on the Market
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2. Market Segmentation
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2.1 By Application
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2.1.1 Textile Testing
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2.1.2 Textile Inspection
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2.1.3 Textile Certification
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2.2 By Geography
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2.2.1 North America
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2.2.2 Asia-Pacific
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2.2.3 Europe
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2.2.4 Latin America
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2.2.5 Middle East & Africa
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Global Textile Testing, Inspection and Certification (TIC) Market Size FAQs
What is the current Global Textile Testing, Inspection and Certification (TIC) Market size?
The Global Textile Testing, Inspection and Certification (TIC) Market is projected to register a CAGR of greater than 7.5% during the forecast period (2024-2029)
Who are the key players in Global Textile Testing, Inspection and Certification (TIC) Market?
SGS Group, Bureau Veritas SA, Intertek Group Plc, TUV SUD Group and TUV Rheinland Group are the major companies operating in the Global Textile Testing, Inspection and Certification (TIC) Market.
