Coherent Market Insights

Apparels Footwear And Leather Goods (AFL)Testing Inspection And Certification (TIC) Market to Surpass US$ 7,981.5 Mn by 2030

Apparels Footwear And Leather Goods (AFL)Testing Inspection And Certification (TIC) Market to Surpass US$ 7,981.5 Mn by 2030 - Coherent Market Insights

Publish In: Jul 04, 2023

The global apparels, footwear, and leather goods (AFL) testing, inspection, and certification (TIC) market was valued at US$ 5,560.2 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period (2023-2030) to reach US$ 7,981.5 Mn in 2030

Quality and safety standards must be strictly adhered to in order to compete in the Global Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification (TIC) market. The confidence that manufacturers, retailers, and consumers gain from knowing that these products meet the necessary standards and regulations is made possible by Testing, Inspection, and Certification (TIC) services. The Apparels Footwear and Leather Goods AFL Testing Inspection and Certification market is strongly influenced by the growing importance placed on safety and quality.

Global Apparels Footwear and Leather Goods Afl Testing Inspection and Certification Tic Market: Drivers

Globalization and International Trade:

Products are manufactured and traded internationally in the apparel, footwear, and leather goods industry, which has experienced significant globalization. Compliance with various national regulations and standards is necessary for international trade. AFL TIC services facilitate international trade by assisting businesses in navigating these complexities and ensuring that their products meet the requirements of various markets.

Global Apparels Footwear and Leather Goods AFL Testing Inspection and Certification Tic Market: Opportunities

 There is a significant opportunity for Growing acceptance of modular Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification (TIC) service providers to provide comprehensive testing and certification services as consumer demand for high-quality, safe products grows. Testing for colorfastness, chemical analysis, physical testing, and compliance assessment are all part of this to make sure that products meet the quality standards and regulatory requirements.

Sustainable and ethically produced goods are gaining ground in the leather goods, footwear, and apparel industries. By providing certification services that assess the utilization of eco-friendly materials, ensure fair labor practices throughout the supply chain, and verify compliance with environmental regulations, AFL-TIC service providers can capitalize on this trend.

AFL TIC service providers can expect significant growth opportunities in emerging markets like Latin America and Asia Pacific. The demand for high-quality products and TIC services to ensure compliance with international standards is driven by rising disposable incomes, urbanization, and shifting consumer lifestyles in these regions.

Global Apparels Footwear and Leather Goods AFL Testing Inspection And Certification Tic Market: Restraints

Strict regulatory policies

Strict regulatory policies to curb air and noise pollution are expected to restrain the Global Apparels Footwear and Leather Goods AFL Testing Inspection and Certification Tic Market over the forecast period. The global AFL Testing, Inspection, and Certification (TIC) market face significant challenges due to strict regulatory policies. The AFL industry must adhere to various regulations and standards concerning product safety, quality, and environmental sustainability. Achieving compliance requires extensive testing, inspection, and certification procedures, which can be time-consuming and costly for businesses. Failure to comply can result in penalties, product recalls, and damage to brand reputation. Moreover, the ever-changing and intricate nature of regulatory requirements adds complexity and hampers the agility of companies in the AFL sector. Consequently, strict regulatory policies act as an entry barrier and impede the growth of the AFL TIC market.

Technological Advancements

The continuous technological advancements in the manufacturing of apparels, footwear, and leather goods present ongoing challenges for TIC (Testing, Inspection, and Certification) providers. As new materials, production techniques, and innovative designs emerge, TIC companies must keep up with these developments to effectively assess and ensure the quality and safety of these products. This necessitates frequent updates to testing methods and equipment used by TIC providers. To stay relevant and provide up-to-date services, TIC companies must actively monitor and adapt to industry advancements. They need to invest in research and development initiatives to enhance their understanding of evolving manufacturing technologies. This includes staying informed about the latest materials and manufacturing processes being utilized in the industry, such as advancements in sustainable or eco-friendly materials, automated production techniques, or the integration of smart technologies in apparel and footwear.

Global Apparels, Footwear, and Leather Goods Afl Testing Inspection And Certification Tic Market: COVID-19 Impact Analysis:                                                                                   

 Global supply chains were disrupted as a result of the pandemic, affecting the production and distribution of leather goods, footwear, and apparel. Product shipments and testing were slowed down as a result of plant closures or reduced operations. Because fewer goods were being manufactured and exported as a result of this disruption, demand for Apparels, Footwear, and Leather Goods AFL Testing Inspection and Certification Tic Market services was impacted.

Consumer spending on non-essential goods like apparel, footwear, and leather goods decreased as a result of the pandemic's economic downturn. The need for Apparels, Footwear, and Leather Goods AFL Testing Inspection and Certification Tic Market services was directly impacted by this drop in consumer demand, as retailers and manufacturers reduced production and concentrated on inventory management.

The spread of digital technologies and remote working methods was accelerated by the pandemic. To continue serving customers while minimizing physical interactions, Apparels, Footwear, and Leather Goods Afl Testing Inspection And Certification Tic Market service providers needed to quickly adapt and digitize their processes, which included virtual inspections, remote audits, and online certifications.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/apparels-footwear-and-leather-goods-afl-testing-inspection-and-certification-tic-market-3038

 Key Takeaways:

In, June 2022, Bureau Veritas is expanding its reach into the consumer healthcare and consumer products markets with the acquisition of a cutting-edge testing research center called ATL (Advanced Testing Laboratory). ATL offers a comprehensive range of services that encompass the entire product life cycle, including performance testing, safety evaluation, quality assurance, and regulatory compliance. This strategic move aligns with Bureau Veritas' 2025 Strategy, which aims to accelerate the growth of its Consumer Products Services division in new markets and service models. Leveraging ATL's expertise in laboratory-based services and on-site scientific sourcing solutions, Bureau Veritas expects to strengthen its expansion efforts in North America.

January 2021: Modern Testing Services (MTS), a full-service provider of consumer product industry safety and quality services, was acquired by Eurofins a global leader in bio analytical testing and laboratory services. The acquisition of MTS assumed an imperative part in Eurofins evenhanded to lay out an unmistakable presence in the Testing, Examination, and Confirmation (Spasm) industry for customer merchandise. The acquisition is anticipated to accelerate Eurofins Consumer Product Testing's progress toward becoming a major player in this industry. Eurofins improves its capacity to offer the consumer goods industry comprehensive safety and quality services by incorporating MTS into their operations. With this expansion, Eurofins can offer a wider range of TIC services to their customers and expand their service portfolio.

Global Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification (TIC) Market - Trends

Increasing Consumer Demand for Quality and Safety

In the apparel industry, particularly in relation to products such as apparel, footwear, and leather goods, there is a growing demand from consumers for safety and quality. In this context, consumers are referring to a variety of aspects of a product, including its stitching, fabric, size and overall cutting, when they talk about quality. Nowadays, consumers are more and more concerned about the safety and quality of the products they buy. The requirement for Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification services has increased as a result of this increased consumer awareness. These services are made to make sure that products meet the rules and standards of the industry, giving customer’s confidence in their purchases. In order to verify a product's quality, performance, and safety during AFL testing, it is put through a stringent examination and evaluation.

Focus on Supply Chain Transparency:

There is an increasing emphasis on supply chain transparency within the Apparels, Footwear, and Leather Goods (AFL) industry, driven by consumer demand for greater visibility into the sourcing, production, and ethical practices of brands. Consumers today are more conscious about the social and environmental impact of the products they purchase, and they want to make informed choices that align with their values. To meet this demand for transparency, AFL Testing, Inspection, and Certification (TIC) services play a crucial role. These services are employed to conduct thorough audits and inspections throughout the AFL supply chain, ensuring that fair labor practices are followed, responsible sourcing is practiced, and compliance with social and environmental standards is maintained.

Growing Focus on Sustainability and Ethical Practices

With the increasing awareness of environmental issues and labor rights, there is a rising demand for sustainable and ethically-produced AFL products. TIC services are being employed to verify compliance with environmental regulations, assess the use of eco-friendly materials, and ensure fair labor practices throughout the supply chain.

Global Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification (TIC) Market: Competitive Landscape   

The key players are adopting various strategies to strengthen their market position including mergers and acquisitions, and product launches. The major players operating in The Global Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification (TIC) Market include Intertek Group plc., Bureau Veritas SA, TUV Rheinland Group, SGS S.A., Underwriters Laboratories Inc., TÜV SÜD, CTC Groupe, Eurofins Scientific, QIMA, and Hohenstein.

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