Report

Global TIC For Apparel Market Size study, by Market Type by Gender by Sourcing Type by Service Type and Regional Forecasts 2022-2028

  • Publish Date: Apr,2022
  • Report ID: QI037
  • Page : 250
  • Report Type : PDF (Email)
Global TIC For Apparel Market Size study, by Market Type (Fabric Check , Garment Labeling, Workmanship Assessment, Other) by Gender (Adult Apparel, Men Apparel, Female Apparel, Children Apparel) by Sourcing Type (In-House Services, Out-House Services) by Service Type (Testing, Inspection, Certificate, Other) and Regional Forecasts 2022-2028Global TIC For Apparel Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. TIC stands for Testing, Inspection, and Certification which was made by International Organization for standardization and International Electrotechnical Commission. Testing, inspection, and certification (TIC) services, helps manufacturers and ensure that their products conform to technical safety and quality related standards and regulations, which in turn increases the marketability of their products and reduces the pre-production cost of textiles. Growing Textile industry and increasing demand for apparel globally are key drivers for the growth of TIC For Apparel market. For instance, according to Textile Exchange's Preferred Fiber and materials market report 2019- In 2018, global fiber production was around 0.107 billion metric ton. Fiber production has more than doubled in the last 20 years and is expected to reach 0.145 billion metric ton in 2030 if business as usual continues. Also, in January 2022, SGS has partnered with Microsoft to develop innovative solutions for the Testing, Inspection and Certification (TIC) industry's customers. Also, with growing cross border trade in emerging economies, rising disposable income and rapid urbanization, the adoption & demand for TIC For Apparel is likely to increase the market growth during the forecast period. However, slow penetration from small & medium enterprises and high investment requirement impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global TIC For Apparel Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to presence of leading apparel brands and increasing consumption of apparels in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as growing textile industry and increasing penetration of global apparel brands in the region would create lucrative growth prospects for the TIC For Apparel Market across Asia-Pacific region.

Major market player included in this report are:
SGS
Hong Kong Association
Fibre2Fashion Pvt
Kompass
Intertek
UBS
Bureau Veritas
BSI Group
SAI Global Ltd.
TUV Rheinland Group

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Market Type:
Fabric Check
Garment Labeling
Workmanship Assessment
Other
By Gender:
Adult Apparel
Men Apparel
Female Apparel
Children Apparel
By Sourcing Type:
In-House Services
Out-House Services
By Service Type:
Testing
Inspection
Certificate
Other
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028

Target Audience of the Global TIC For Apparel Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

SGS
Hong Kong Association
Fibre2Fashion Pvt
Kompass
Intertek
UBS
Bureau Veritas
BSI Group
SAI Global Ltd.
TUV Rheinland Group