Table of Content

1 INTRODUCTION 26
1.1 STUDY OBJECTIVES 26
1.2 MARKET DEFINITION AND SCOPE 26
1.2.1 INCLUSIONS AND EXCLUSIONS 27
1.3 STUDY SCOPE 27
1.3.1 MARKETS COVERED 27
FIGURE 1 EUROPE TIC MARKET 27
1.3.2 YEARS CONSIDERED 28
1.4 CURRENCY 28
1.5 LIMITATIONS 28
1.6 STAKEHOLDERS 28

2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 2 RESEARCH DESIGN 29
2.1.1 SECONDARY DATA 30
2.1.1.1 Key data from secondary sources 30
2.1.2 PRIMARY DATA 31
2.1.2.1 Key data from primary sources 31
2.1.2.2 Key industry insights 31
FIGURE 3 BREAKDOWN OF PRIMARIES 32
2.2 MARKET SIZE ESTIMATION 32
FIGURE 4 PROCESS FLOW OF MARKET SIZE ESTIMATION 32
FIGURE 5 BOTTOM-UP APPRACH 33
FIGURE 6 TOP-DOWN APPROACH 33
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 34
FIGURE 7 DATA TRIANGULATION 34
2.4 LIMITATIONS 35
TABLE 1 STUDY LIMITATIONS 35
2.5 RESEARCH ASSUMPTIONS 35
TABLE 2 STUDY ASSUMPTIONS 35

3 EXECUTIVE SUMMARY 37
FIGURE 8 IMPACT OF COVID-19 ON EUROPE TIC MARKET, 2016-2025 37
FIGURE 9 EUROPE TIC MARKET, BY SERVICE TYPE (2020–2025) 38
FIGURE 10 EUROPE TIC MARKET, BY APPLICATION (2020–2025) 39
FIGURE 11 EUROPE TIC MARKET, BY SOURCING TYPE (2020–2025) 39
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4 PREMIUM INSIGHTS 40
4.1 STRINGENT STANDARDIZATION REGULATIONS TO OFFER OPPORTUNITIES FOR THE EUROPE TIC MARKET 40
FIGURE 12 SWIFT IMPLEMENTATION OF PRODUCT STANDARDIZATION PRACTICES AND PENETRATION OF INNOVATIVE TECHNOLOGIES ACROSS MULTIPLE INDUSTRIES TO LEAD GROWTH OF EUROPE TIC MARKET DURING FORECAST PERIOD 40
4.2 EUROPE TIC MARKET, BY SERVICE TYPE 40
FIGURE 13 TESTING SERVICES ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF EUROPE TIC MARKET IN 2020 40
4.3 EUROPE TIC MARKET, BY APPLICATION 41
FIGURE 14 CONSUMER GOODS & RETAIL APPLICATION TO ACCOUNT FOR LARGEST SHARE OF EUROPE TIC MARKET IN 2020 41
4.4 EUROPE TIC MARKET, BY SOURCING TYPE 41
FIGURE 15 MARKET FOR IN-HOUSE SOURCING TYPE TO ACCOUNT FOR THE LARGER SHARE IN EUROPE TIC MARKET IN 2025 41

5 MARKET OVERVIEW 42
5.1 INTRODUCTION 42
5.2 MARKET DYNAMICS 43
FIGURE 16 EUROPE TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 43
5.2.1 DRIVERS 44
FIGURE 17 EUROPE TIC MARKET DRIVERS AND THEIR IMPACT 44
5.2.1.1 Surge in illegal trade of counterfeit and pirated goods 44
5.2.1.2 Disposition toward outsourcing TIC services 44
5.2.1.3 Developments in networking and communication technologies 45
5.2.2 RESTRAINTS 45
FIGURE 18 EUROPE TIC MARKET RESTRAINT AND ITS IMPACT 45
5.2.2.1 Varied standards and regulations among European economies 45
5.2.3 OPPORTUNITIES 46
FIGURE 19 EUROPE TIC MARKET OPPORTUNITIES AND THEIR IMPACT 46
5.2.3.1 Rise in demand for TIC services across industries 46
5.2.3.2 Growth opportunities for small and medium-sized businesses 46
5.2.4 CHALLENGES 47
FIGURE 20 EUROPE TIC MARKET CHALLENGE AND ITS IMPACT 47
5.2.4.1 Adoption of innovative technologies by smaller TIC players 47
5.3 INDUSTRY TRENDS 48
5.3.1 VALUE CHAIN ANALYSIS 48
FIGURE 21 VALUE CHAIN ANALYSIS: EUROPE TIC MARKET 48
5.3.2 KEY INDUSTRY TRENDS 49
TABLE 3 MAJOR TRENDS IN EUROPE TIC MARKET 49
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5.3.3 PEST ANALYSIS 49
5.3.3.1 Political factors 49
5.3.3.2 Economic factors 50
5.3.3.3 Social factors 50
5.3.3.4 Technological factors 50
5.4 COVID-19 IMPACT ANALYSIS 51
5.4.1 IMPACT ON VALUE CHAIN 51
5.4.2 IMPACT ON MARKET DYNAMICS 51
5.4.3 COUNTRY-LEVEL IMPACT ANALYSIS 51
5.4.3.1 Current scenario 51
5.4.3.2 Expected impact analysis 52

6 EUROPE TIC MARKET, BY SOURCING TYPE 53
6.1 INTRODUCTION 54
FIGURE 22 IMPACT OF COVID-19 ON OUTSOURCED SERVICES ON EUROPE TIC MARKET 54
TABLE 4 EUROPE TIC MARKET, BY OUTSOURCED SERVICE,
2017–2025 (USD BILLION) 54
FIGURE 23 IN-HOUSE SERVICES TO ACCOUNT FOR LARGEST SIZE OF EUROPE TIC MARKET IN 2020 55
TABLE 5 EUROPE TIC MARKET, BY SOURCING TYPE, 2017–2025 (USD MILLION) 55
6.2 IN-HOUSE SERVICES 56
6.2.1 IN-HOUSE TESTING SERVICES TO CONTINUE TO CAPTURE LARGER MARKET SHARE DURING FORECAST PERIOD 56
6.3 OUTSOURCED SERVICES 56
6.3.1 MARKET FOR OUTSOURCED SERVICES TO GROW AT HIGHER CAGR DURING 2020–2025 56

7 EUROPE TIC MARKET, BY SERVICE TYPE 57
7.1 INTRODUCTION 58
FIGURE 24 EUROPE TIC MARKET, BY SERVICE TYPE 58
FIGURE 25 IMPACT OF COVID-19 ON EUROPE TIC MARKET, BY CERTIFICATION SERVICE 59
TABLE 6 EUROPE TIC MARKET, BY CERTIFICATION SERVICE,
2017-2025 (USD BILLION) 59
FIGURE 26 TESTING SERVICES PROJECTED TO DOMINATE EUROPE TIC MARKET DURING FORECAST PERIOD 60
TABLE 7 EUROPE TIC MARKET, BY SERVICE TYPE, 2017–2025 (USD MILLION) 60
7.2 TESTING SERVICES 61
7.2.1 NEW TECHNOLGOIES HAVE LED TO AN INCREASE IN THE DEMAND FOR TIC SERVICES IN EUROPE 61
7.3 INSPECTION SERVICES 61
7.3.1 INSPECTION SERVICES ALLOW PRODUCTS TO MEET INDUSTRY STANDARDS AND GOVERNMENT NORMS TO MINIMIZE LOSSES DUE TO DEFECTIVE PRODUCTS 61
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7.4 CERTIFICATION SERVICES 62
7.4.1 COMPLIANCES TO ENSURE MARKETABILITY OF PRODUCTS IS ACHIEVED THROUGH CERTIFICATION SERVICES 62
7.5 OTHER SERVICES 62
7.5.1 ASSET INTEGRITY MANAGEMENT AND CONSULTING SERVICES ARE CRITICAL TO THE TIC BUSINESS 62

8 EUROPE TIC MARKET, BY APPLICATION 63
8.1 INTRODUCTION 64
FIGURE 27 IMPACT OF COVID-19 ON EUROPE TIC MARKET, BY CONSUMER GOODS AND RETAIL APPLICATION 64
TABLE 8 EUROPE TIC MARKET, BY CONSUMER GOODS AND RETAIL APPLICATION, 2017-2025 (USD BILLION) 64
FIGURE 28 CONSUMER GOODS & RETAIL APPLICATION ESTIMATED TO ACCOUNT FOR LARGEST SIZE IN EUROPE TIC MARKET IN 2020 65
TABLE 9 EUROPE TIC MARKET, BY APPLICATION, 2017–2025 (USD MILLION) 66
8.2 CONSUMER GOODS & RETAIL 67
8.2.1 STRICT MEASURES TAKEN TO TEST AND CERTIFY ELECTRICAL AND ELECTRONIC PRODUCTS WITHIN THE CONSUMER GOODS & RETAIL APPLICATION 67
8.2.2 PERSONAL CARE AND BEAUTY PRODUCTS 67
8.2.3 HARD GOODS 67
8.2.4 SOFTLINES AND ACCESSORIES 68
8.2.5 TOYS AND JUVENILE PRODUCTS 68
8.2.6 ELECTRICAL AND ELECTRONICS 69
8.2.7 OTHERS 70
8.3 AGRICULTURE & FOOD 70
8.3.1 HIGH DEMAND FOR CERTIFIED FOOD PRODUCTS IS DRIVING MARKET FOR TIC SERVICES FOR AGRICULTURE & FOOD APPLICATIONS 70
8.3.2 SEEDS AND CROPS 71
8.3.3 FERTILIZERS 71
8.3.4 COMMODITIES 71
8.3.5 FOOD 71
8.3.6 FORESTRY 72
8.3.7 OTHERS 72
8.4 CHEMICALS 72
8.4.1 ASSET INTEGRITY MANAGEMENT SERVICES ENSURE PRODUCTIVITY, RELIABILITY, AND SAFETY OF PLANT ASSETS 72
8.4.2 ASSET INTEGRITY MANAGEMENT SERVICES 73
8.4.3 PROJECT LIFECYCLE SERVICES 73
8.4.4 FINISHED PRODUCT SERVICES 73
8.4.5 CHEMICAL FEEDSTOCK SERVICES 73
8.4.6 OTHERS 73
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8.5 CONSTRUCTION & INFRASTRUCTURE 74
8.5.1 HEAVY MACHINERY IS REQUIRED TO UNDERGO TESTING AND INSPECTION BEFORE COMMERCIALIZATION AND THEREBY DEMANDS TIC SERVICES 74
8.5.2 PROJECT MANAGEMENT SERVICES 74
8.5.3 MATERIAL TESTING 74
8.5.4 CONSTRUCTION MACHINERY AND EQUIPMENT SERVICES 74
8.5.5 FACILITIES MANAGEMENT AND INSPECTION SERVICES 75
8.5.6 OTHERS 75
8.6 ENERGY & POWER 76
8.6.1 INCREASING DEMAND FOR NUCLEAR, WIND, AND SOLAR ENERGY PROPEL EUROPE TIC MARKET GROWTH 76
8.6.2 ENERGY SOURCES 76
8.6.2.1 Nuclear 76
8.6.2.2 Wind 76
8.6.2.3 Solar 76
8.6.2.4 Alternative fuels 77
8.6.2.5 Fuel oils and gases 77
8.6.2.6 Coal 77
8.6.3 POWER GENERATION 77
8.6.4 POWER DISTRIBUTION 77
8.6.5 ASSET INTEGRITY MANAGEMENT SERVICES 77
8.6.6 PROJECT LIFECYCLE SERVICES 78
8.6.7 OTHERS 78
8.7 INDUSTRIAL & MANUFACTURING 78
8.7.1 TIC SERVICES PLAY A CRITICAL ROLE IN QUALITY, CONFORMITY, AND SAFETY OF INDUSTRIAL PRODUCTS IN SUPPLY CHAIN OF INDUSTRIAL & MANUFACTURING ECOSYSTEM 78
8.7.2 SUPPLIER-RELATED SERVICES 78
8.7.3 PRODUCTION- AND PRODUCT-RELATED SERVICES 78
8.7.4 PROJECT-RELATED SERVICES 79
8.7.5 OTHERS 79
8.8 MEDICAL & LIFE SCIENCES 79
8.8.1 TIC APPROVED ADVANCED MEDICAL DEVICES WHICH ARE IN DEMAND DRIVE GROWTH OF MEDICAL & LIFE SCIENCES APPLICATIONS 79
8.8.2 MEDICAL DEVICES 79
8.8.3 HEALTH, BEAUTY, AND WELLNESS 79
8.8.4 CLINICAL SERVICES 80
8.8.5 LABORATORY SERVICES 80
8.8.6 BIOPHARMACEUTICAL AND PHARMACEUTICAL SERVICES 80
8.8.7 OTHERS 81
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8.9 MINING 81
8.9.1 EXPLORATION SERVICES AND PRODUCTION & PLANT SERVICES CONTRIBUTE SIGNIFICANTLY TO GROWTH OF EUROPE TIC MARKET FOR MINING APPLICATION 81
8.9.2 INSPECTION AND SAMPLING SERVICES 82
8.9.3 ANALYTICAL SERVICES 82
8.9.4 EXPLORATION SERVICES 82
8.9.5 METALLURGY AND PROCESS DESIGN SERVICES 82
8.9.6 PRODUCTION AND PLANT SERVICES 82
8.9.7 SITE OPERATIONS AND CLOSURE SERVICES 82
8.9.8 PROJECT RISK ASSESSMENT AND MITIGATION SERVICES 82
8.9.9 OTHERS 83
8.10 OIL & GAS AND PETROLEUM 83
8.10.1 NEED FOR HIGH-QUALITY ANALYTICAL TESTING SERVICES AND SPECIALIST KNOWLEDGE IN UPSTREAM SEGMENT OF OIL & GAS AND PETROLEUM APPLICATION ACCELERATE DEMAND FOR TIC SERVICES 83
8.10.2 UPSTREAM 83
8.10.3 DOWNSTREAM 84
8.10.4 BIOFUELS AND FEEDSTOCK 84
8.10.5 PETROCHEMICALS 84
8.10.6 ASSET INTEGRITY MANAGEMENT 85
8.10.7 PROJECT LIFECYCLE 85
8.10.8 OTHERS 85
8.11 PUBLIC SECTOR 86
8.11.1 PRODUCT CONFORMITY ASSESSMENT (PCA) REQUIRE TIC SERVICES TO ENSURE PRODUCTS MEET COUNTRY-LEVEL REGULATIONS 86
8.11.2 PRODUCT CONFORMITY ASSESSMENT SERVICES 86
8.11.3 MONITORING SERVICES 86
8.11.4 VALUATION SERVICES 86
8.11.5 OTHERS 86
8.12 AUTOMOTIVE 87
8.12.1 VEHICLE INSPECTION SERVICES (VIS) IN AUTOMOTIVE INDUSTRY FOSTER GROWTH OF EUROPE TIC MARKET 87
8.12.2 ELECTRICAL SYSTEMS AND COMPONENTS 87
8.12.3 ELECTRIC VEHICLES, HYBRID ELECTRIC VEHICLES, AND BATTERY SYSTEMS 87
8.12.4 TELEMATICS 87
8.12.5 FUELS, FLUIDS, AND LUBRICANTS 88
8.12.6 INTERIOR AND EXTERIOR MATERIALS AND COMPONENTS 88
8.12.7 VEHICLE INSPECTION SERVICES (VIS) 88
8.12.8 HOMOLOGATION TESTING 89
8.12.9 OTHERS 89
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8.13 AEROSPACE 89
8.13.1 FLIGHT TESTS, TRACEABILITY-TO-CERTIFICATION MANAGEMENT, AND CERTIFICATION WITHIN AVIATION MANAGEMENT APPLICATION LEAD TO GROWTH OF EUROPE TIC MARKET 89
8.13.2 AEROSPACE MANUFACTURING SERVICES 90
8.13.3 AVIATION MANAGEMENT SERVICES 90
8.13.4 OTHERS 91
8.14 MARINE 91
8.14.1 TIC SERVICES PLAY VITAL ROLE IN MARINE FUEL SYSTEM AND COMPONENT TESTING IN MARINE APPLICATIONS 91
8.14.2 MARINE FUEL SYSTEM AND COMPONENT SERVICES 91
8.14.3 SHIP CLASSIFICATION SERVICES 92
8.14.4 MARINE MATERIAL AND EQUIPMENT SERVICES 92
8.14.5 OTHERS 92
8.15 RAILWAYS 92
8.15.1 INSPECTION AND MONITORING ACTIVITIES AUGMENT DEMAND FOR TIC SERVICES IN EUROPE 92
8.15.2 RAIL CONSTRUCTION AND PRODUCTION MONITORING 93
8.15.3 INFRASTRUCTURE MANAGEMENT 93
8.15.4 OTHERS 93
8.16 SUPPLY CHAIN & LOGISTICS 93
8.16.1 DIGITALIZATION OF TIC SERVICES IN SUPPLY CHAIN & LOGISTICS IS EXPECTED TO GROW THE EUROPE TIC MARKET 93
8.16.2 PACKAGING & HANDLING 94
8.16.3 RISK MANAGEMENT 94
8.16.4 OTHERS 95
8.17 IT & TELECOM 95
8.17.1 TESTING AND STANDARDIZATION OF COMPONENTS TO MEET REGULATORY REQUIREMENTS IN THE IT & TELECOM SECTOR EXPECTED TO BOOST DEMAND FOR TIC SERVICES IN EUROPE 95
8.17.2 IT & TELECOM INFRASTRUCTURE EQUIPMENT 96
8.17.3 MODULES AND DEVICES 96
8.18 SPORTS & ENTERTAINMENT 96
8.18.1 THREATS OF PRODUCT RECALLS AND INJURIES AND POTENTIAL FATALITIES DRIVE DEMAND FOR TIC SERVICES IN SPORTS & ENTERTAINMENT APPLICATION 96
8.18.2 SPORTS VENUES AND FACILITIES 97
8.18.3 SPORTING GOODS AND PROTECTIVE EQUIPMENT 97

9 EUROPE TIC MARKET, BY GEOGRAPHY 98
9.1 INTRODUCTION 99
FIGURE 29 SNAPSHOT OF TIC MARKET IN EUROPE 100
TABLE 10 EUROPE TIC MARKET, BY COUNTRY, 2017–2025 (USD MILLION) 101
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9.2 GERMANY 102
9.2.1 INDUSTRY 4.0 CREATES SPACE FOR TIC ECOSYSTEM IN AUTOMOTIVE AND MEDICAL APPLICATIONS ACROSS THE COUNTRY 102
TABLE 11 EUROPE TIC MARKET IN GERMANY, BY APPLICATION,
2017–2025 (USD MILLION) 103
TABLE 12 EUROPE TIC MARKET IN GERMANY, BY SERVICE TYPE,
2017–2025 (USD MILLION) 103
TABLE 13 EUROPE TIC MARKET IN GERMANY, BY SOURCING TYPE,
2017–2025 (USD MILLION) 104
9.3 UK 104
9.3.1 ADOPTION OF NEWER TECHNOLOGIES AND ENFORCEMENT OF STRICT REGULATIONS ACROSS AGRICULTURE & FOOD APPLICATION EXPECTED TO CREATE NEW GROWTH OPPORTUNITIES FOR TIC MARKET IN UK 104
TABLE 14 EUROPE TIC MARKET IN UK, BY APPLICATION, 2017–2025 (USD MILLION) 105
TABLE 15 EUROPE TIC MARKET IN UK, BY SERVICE TYPE, 2017–2025 (USD MILLION) 106
TABLE 16 EUROPE TIC MARKET IN UK, BY SOURCING TYPE, 2017–2025 (USD MILLION) 106
9.4 FRANCE 106
9.4.1 EXPORTS ARE GROWING SIGNIFICANTLY, THEREBY FUELING DEMAND FOR TIC SERVICES 106
TABLE 17 EUROPE TIC MARKET IN FRANCE, BY APPLICATION,
2017–2025 (USD MILLION) 107
TABLE 18 EUROPE TIC MARKET IN FRANCE, BY SERVICE TYPE,
2017–2025 (USD MILLION) 108
TABLE 19 EUROPE TIC MARKET IN FRANCE, BY SOURCING TYPE,
2017–2025 (USD MILLION) 108
9.5 ITALY 108
9.5.1 GOVERNMENT STRIVES TO MAINTAIN PRODUCT STANDARDS AND MEET INTERNATIONAL REGULATORY MEASURES 108
TABLE 20 EUROPE TIC MARKET IN ITALY, BY APPLICATION, 2017–2025 (USD MILLION) 109
TABLE 21 EUROPE TIC MARKET IN ITALY, BY SERVICE TYPE, 2017–2025 (USD MILLION) 110
TABLE 22 EUROPE TIC MARKET IN ITALY, BY SOURCING TYPE,
2017–2025 (USD MILLION) 110
9.6 SPAIN 110
9.6.1 MANUFACTURING INDUSTRY HAS SEEN SIGNIFICANT ADVANCEMENT, OFFERING PROSPECTS FOR TIC SERVICE PROVIDERS 110
TABLE 23 EUROPE TIC MARKET IN SPAIN, BY APPLICATION, 2017–2025 (USD MILLION) 111
TABLE 24 EUROPE TIC MARKET IN SPAIN, BY SERVICE TYPE,
2017–2025 (USD MILLION) 112
TABLE 25 EUROPE TIC MARKET IN SPAIN, BY SOURCING TYPE,
2017–2025 (USD MILLION) 112
9.7 BELGIUM 112
9.7.1 INVESTMENT IN IT & TELECOM SECTOR HAS FACILITATED THE DEVELOPMENT OF THE TIC MARKET IN BELGIUM 112
TABLE 26 EUROPE TIC MARKET IN BELGIUM, BY APPLICATION,
2017–2025 (USD MILLION) 113
TABLE 27 EUROPE TIC MARKET IN BELGIUM, BY SERVICE TYPE,
2017–2025 (USD MILLION) 114
TABLE 28 EUROPE TIC MARKET IN BELGIUM, BY SOURCING TYPE,
2017–2025 (USD MILLION) 114
9.8 RUSSIA 114
9.8.1 TIC PLAYERS WITNESSING SCOPE AND OPPORTUNITIES IN MANUFACTURING AND FMCG COMPANIES 114
TABLE 29 EUROPE TIC MARKET IN RUSSIA, BY APPLICATION,
2017–2025 (USD MILLION) 115
TABLE 30 EUROPE TIC MARKET IN RUSSIA, BY SERVICE TYPE,
2017–2025 (USD MILLION) 116
TABLE 31 EUROPE TIC MARKET IN RUSSIA, BY SOURCING TYPE,
2017–2025 (USD MILLION) 116
9.9 NETHERLANDS 116
9.9.1 INCREASING INNOVATIONS IN NETHERLANDS HAVE LED TO INCREASE IN PRODUCT OFFERINGS, THEREBY FOSTERING DEMAND FOR TIC SERVICES 116
TABLE 32 EUROPE TIC MARKET IN NETHERLANDS, BY APPLICATION,
2017–2025 (USD MILLION) 117
TABLE 33 EUROPE TIC MARKET IN NETHERLANDS, BY SERVICE TYPE,
2017–2025 (USD MILLION) 118
TABLE 34 EUROPE TIC MARKET IN NETHERLANDS, BY SOURCING TYPE,
2017–2025 (USD MILLION) 118
9.10 SWITZERLAND 118
9.10.1 CONSUMER GOODS & RETAIL INDUSTRY IS BOOMING, THEREBY SURGING DEMAND FOR TIC SERVICES 118
TABLE 35 EUROPE TIC MARKET IN SWITZERLAND, BY APPLICATION,
2017–2025 (USD MILLION) 119
TABLE 36 EUROPE TIC MARKET IN SWITZERLAND, BY SERVICE TYPE,
2017–2025 (USD MILLION) 120
TABLE 37 EUROPE TIC MARKET IN SWITZERLAND, BY SOURCING TYPE,
2017–2025 (USD MILLION) 120
9.11 HUNGARY 120
9.11.1 DIGITAL AND E-COMMERCE COMPANIES OFFER SIGNIFICANT OPPORTUNITIES FOR TIC PLAYERS IN HUNGARY 120
TABLE 38 EUROPE TIC MARKET IN HUNGARY, BY APPLICATION,
2017–2025 (USD MILLION) 121
TABLE 39 EUROPE TIC MARKET IN HUNGARY, BY SERVICE TYPE,
2017–2025 (USD MILLION) 122
TABLE 40 EUROPE TIC MARKET IN HUNGARY, BY SOURCING TYPE,
2017–2025 (USD MILLION) 122
9.12 POLAND 122
9.12.1 TECHNOLOGIES SUCH AS IOT, CLOUD COMPUTING, AND CYBERSECURITY ARE AND BOOSTING TIC MARKET IN POLAND 122
TABLE 41 EUROPE TIC MARKET IN POLAND, BY APPLICATION,
2017–2025 (USD MILLION) 123
TABLE 42 EUROPE TIC MARKET IN POLAND, BY SERVICE TYPE,
2017–2025 (USD MILLION) 124
TABLE 43 EUROPE TIC MARKET IN POLAND, BY SOURCING TYPE,
2017–2025 (USD MILLION) 124
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9.13 BULGARIA 124
9.13.1 SIGNIFICANT POTENTIAL FOR MANUFACTURING COMPANIES IN THE TIC ECOSYSTEM 124
TABLE 44 EUROPE TIC MARKET IN BULGARIA, BY APPLICATION,
2017–2025 (USD THOUSAND) 125
TABLE 45 EUROPE TIC MARKET IN BULGARIA, BY SERVICE TYPE,
2017–2025 (USD MILLION) 126
TABLE 46 EUROPE TIC MARKET IN BULGARIA, BY SOURCING TYPE,
2017–2025 (USD MILLION) 126
9.14 SWEDEN 126
9.14.1 INCREASING FOCUS ON ELECTRONIC MANUFACTURING AND EXPORTS TO IMPROVE GLOBAL RANKING 126
TABLE 47 EUROPE TIC MARKET IN SWEDEN, BY APPLICATION,
2017–2025 (USD MILLION) 127
TABLE 48 EUROPE TIC MARKET IN SWEDEN, BY SERVICE TYPE,
2017–2025 (USD MILLION) 128
TABLE 49 EUROPE TIC MARKET IN SWEDEN, BY SOURCING TYPE,
2017–2025 (USD MILLION) 128
9.15 MOROCCO 128
9.15.1 AGRO-INDUSTRIAL AND RENEWABLE COMPANIES TO CONTRIBUTE TO TIC MARKET GROWTH IN MOROCCO 128
TABLE 50 EUROPE TIC MARKET IN MOROCCO, BY APPLICATION,
2017–2025 (USD THOUSAND) 129
TABLE 51 EUROPE TIC MARKET IN MOROCCO, BY SERVICE TYPE,
2017–2025 (USD MILLION) 130
TABLE 52 EUROPE TIC MARKET IN MOROCCO, BY SOURCING TYPE,
2017–2025 (USD MILLION) 130
9.16 NORWAY 130
9.16.1 EXPORTS AND PETROLEUM INDUSTRIES CONTRIBUTE TO IMPROVE GLOBAL RANKINGS 130
TABLE 53 EUROPE TIC MARKET IN NORWAY, BY APPLICATION,
2017–2025 (USD THOUSAND) 131
TABLE 54 EUROPE TIC MARKET IN NORWAY, BY SERVICE TYPE,
2017–2025 (USD MILLION) 132
TABLE 55 EUROPE TIC MARKET IN NORWAY, BY SOURCING TYPE,
2017–2025 (USD MILLION) 132
9.17 ROMANIA 132
9.17.1 SOFTWARE AND SERVICE INDUSTRIES HELP IN GENERATING EMPLOYMENT IN ROMANIA 132
TABLE 56 EUROPE TIC MARKET IN ROMANIA, BY APPLICATION,
2017–2025 (USD THOUSAND) 133
TABLE 57 EUROPE TIC MARKET IN ROMANIA, BY SERVICE TYPE,
2017–2025 (USD MILLION) 134
TABLE 58 EUROPE TIC MARKET IN ROMANIA, BY SOURCING TYPE,
2017–2025 (USD MILLION) 134
9.18 AUSTRIA 134
9.18.1 LOGISTICS & TELECOMMUNICATIONS SECTOR TO LEAD TO DEMAND FOR TIC SERVICES IN AUSTRIA 134
TABLE 59 EUROPE TIC MARKET IN AUSTRIA, BY APPLICATION,
2017–2025 (USD THOUSAND) 135
TABLE 60 EUROPE TIC MARKET IN AUSTRIA, BY SERVICE TYPE,
2017–2025 (USD MILLION) 136
TABLE 61 EUROPE TIC MARKET IN AUSTRIA, BY SOURCING TYPE,
2017–2025 (USD MILLION) 136
9.19 TURKEY 136
9.19.1 TURKEY HAS BECOME NEW HUB FOR START-UPS AND INNOVATIVE COMPANIES OFFERING OPPORTUNITIES FOR TIC SERVICE PROVIDERS IN TURKEY 136
TABLE 62 EUROPE TIC MARKET IN TURKEY, BY APPLICATION,
2017–2025 (USD THOUSAND) 137
TABLE 63 EUROPE TIC MARKET IN TURKEY, BY SERVICE TYPE,
2017–2025 (USD MILLION) 138
TABLE 64 EUROPE TIC MARKET IN TURKEY, BY SOURCING TYPE,
2017–2025 (USD MILLION) 138
9.20 CROATIA 138
9.20.1 DEVELOPMENTAL STRATEGIES IN CROATIA TO BOOST DEMAND FOR TIC SERVICES 138
TABLE 65 EUROPE TIC MARKET IN CROATIA, BY APPLICATION,
2017–2025 (USD THOUSAND) 139
TABLE 66 EUROPE TIC MARKET IN CROATIA, BY SERVICE TYPE,
2017–2025 (USD MILLION) 140
TABLE 67 EUROPE TIC MARKET IN CROATIA, BY SOURCING TYPE,
2017–2025 (USD MILLION) 140
9.21 IRELAND 140
9.21.1 INNOVATIVE TECHNOLOGIES ARE HELPING IRELAND TO IMPROVE GLOBAL RANKING 140
TABLE 68 EUROPE TIC MARKET IN IRELAND, BY APPLICATION,
2017–2025 (USD MILLION) 141
TABLE 69 EUROPE TIC MARKET IN IRELAND, BY SERVICE TYPE,
2017–2025 (USD MILLION) 142
TABLE 70 EUROPE TIC MARKET IN IRELAND, BY SOURCING TYPE,
2017–2025 (USD MILLION) 142
9.22 GREECE 142
9.22.1 STRATEGIC LOCATION HAS HELPED IN FISHING, MINING, AND EXPORT INDUSTRIES 142
TABLE 71 EUROPE TIC MARKET IN GREECE, BY APPLICATION,
2017–2025 (USD THOUSAND) 143
TABLE 72 EUROPE TIC MARKET IN GREECE, BY SERVICE TYPE,
2017–2025 (USD MILLION) 144
TABLE 73 EUROPE TIC MARKET IN GREECE, BY SOURCING TYPE,
2017–2025 (USD MILLION) 144
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9.23 REST OF EUROPE (ROE) 144
TABLE 74 EUROPE TIC MARKET IN REST OF EUROPE, BY APPLICATION,
2017–2025 (USD MILLION) 145
TABLE 75 EUROPE TIC MARKET IN REST OF EUROPE, BY SERVICE TYPE,
2017–2025 (USD MILLION) 145
TABLE 76 EUROPE TIC MARKET IN REST OF EUROPE, BY SOURCING TYPE,
2017–2025 (USD MILLION) 146

10 COMPETITIVE LANDSCAPE 147
10.1 OVERVIEW 147
FIGURE 30 TIC MARKET TOP 5 COMPANIES (2019) 147
10.2 RANKING ANALYSIS: TIC MARKET 148
FIGURE 31 RANKING OF TOP 5 PLAYERS IN TIC MARKET (2019) 148
10.3 COMPETITIVE LEADERSHIP MAPPING, 2019 149
10.3.1 VISIONARY LEADERS 149
10.3.2 DYNAMIC DIFFERENTIATORS 149
10.3.3 INNOVATORS 149
10.3.4 EMERGING COMPANIES 149
FIGURE 32 TIC MARKET (EUROPE) COMPETITIVE LEADERSHIP MAPPING, 2020 150
10.4 COMPETITIVE SITUATION AND TRENDS 151
10.4.1 EXPANSIONS 151
TABLE 77 EXPANSIONS, 2018 - 2020 151
10.4.2 SERVICE LAUNCHES AND DEVELOPMENTS 151
TABLE 78 SERVICE LAUNCHES AND DEVELOPMENTS, 2018 - 2020 151
10.4.3 ACQUISITIONS 152
TABLE 79 ACQUISITIONS, 2018 - 2020 152
10.4.4 PARTNERSHIPS 152
TABLE 80 AGREEMENTS AND CONTRACTS, 2018 - 2020 152

11 COMPANY PROFILES 153
(Business overview, Services offered, Recent Developments, COVID-19 related recent developments, SWOT Analysis, MNM view)*
11.1 INTRODUCTION 153
11.2 KEY PLAYERS 154
11.2.1 SGS GROUP 154
FIGURE 33 SGS GROUP: COMPANY SNAPSHOT 154
11.2.2 BUREAU VERITAS 161
FIGURE 34 BUREAU VERITAS SA: COMPANY SNAPSHOT 161
11.2.3 INTERTEK 168
FIGURE 35 INTERTEK: COMPANY SNAPSHOT 168
11.2.4 DEKRA SE 172
FIGURE 36 DEKRA SE: COMPANY SNAPSHOT 172
_
11.2.5 EUROFINS SCIENTIFIC 176
FIGURE 37 EUROFINS SCIENTIFIC: COMPANY SNAPSHOT 176
11.2.6 T?V S?D 181
FIGURE 38 T?V S?D: COMPANY SNAPSHOT 181
11.2.7 DNV GL 186
FIGURE 39 DNV GL: COMPANY SNAPSHOT 186
11.2.8 T?V RHEINLAND 190
FIGURE 40 T?V RHEINLAND: COMPANY SNAPSHOT 191
11.2.9 APPLUS+ 194
FIGURE 41 APPLUS+: COMPANY SNAPSHOT 194
11.2.10 T?V NORD GROUP 197
FIGURE 42 T?V NORD GROUP: COMPANY SNAPSHOT 197
11.2.11 ELEMENT MATERIALS TECHNOLOGY 201
11.3 OTHER IMPORTANT PLAYERS AND ASSOCIATIONS 205
11.3.1 QS TESTING 205
11.3.2 HOHENSTEIN 205
11.3.3 APAVE INTERNATIONAL 206
11.3.4 VDE TESTING INSTITUTE 206
11.3.5 FORCE TECHNOLOGY 207
11.3.6 KIWA INSPECTA 207
11.3.7 RINA SPA. 208
11.3.8 TECHNICK? IN_PEKCIA 208
11.3.9 SAFETY ASSESSMENT FEDERATION (SAFED) 209
*Details on Business overview, Services offered, Recent Developments, COVID-19 related recent developments, SWOT Analysis, MNM view might not be captured in case of unlisted companies.

12 APPENDIX 210
12.1 INSIGHTS OF INDUSTRY EXPERTS 210
12.2 DISCUSSION GUIDE 211
12.4 AVAILABLE CUSTOMIZATIONS 216
12.5 RELATED REPORTS 216
12.6 AUTHOR DETAILS 217