The global apparels, footwear, and leather goods (AFL) testing, inspection, and certification (TIC) market was valued at US$ 4,637.6 Mn in 2017 and is expected to exhibit a CAGR of 5.1% over the forecast period to reach US$ 7,832.4 Mn in 2027. Europe accounted for the largest revenue share in the global apparels, footwear, and leather goods (AFL) testing, inspection, and certification (TIC) market in 2018, according to Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification (TIC) Market Report, By Service Type (Testing Services (Chemical Testing, Physical Testing, Colorfastness Testing, and Others), Third Party Audits and Inspection Services, and Certification Services), By Industry (Footwear, Apparel, and Leather Goods), and By Region (North America, Europe, Asia Pacific, Latin America, the Middle East and Africa), published by Coherent Market Insights.
Apparels, footwear, and leather goods (AFL) testing, inspection, and certification (TIC) market report analyzes market based on industries such as apparels, footwear, and leather goods. According to ’ analysis, apparels segment held the largest share in 2018 in the apparels, footwear, and leather goods (AFL) testing, inspection, and certification (TIC) market, owing to increasing disposable income, rapid urbanization, and significant growth of the apparels industry in emerging economies.
TIC service providers are offering technical expertise in leather technology and restricted chemical substances in various countries in order to expand their testing laboratories across the globe. TIC service providers are also engaged in expanding their consumer base, owing to increasing demand for high quality products. For instance, in November 2017, SGS S.A., a testing, inspection and certification service provider, expanded its textile and footwear testing facilities in Bangladesh.
Increasing demand for leather and textile sourcing in Bangladesh, has led to expansion of facilities that can offer chemical testing services to both local and international clients. Moreover, key players in the TIC market are also focusing on expanding their market presence in the clothing industry through strategic acquisitions. For instance, in December 2015, Bureau Veritas acquired CERTEST, an Italy-based leather and apparel testing laboratory. Through this acquisition, Bureau Veritas has reinforced its market footprint in Italy, which has the presence of leading manufacturers of footwear, apparels, and leather goods.
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