Increasing export of textiles from developing regions

The global textile testing, inspection and certification market (TIC) is expected to reach USD 7,221.01 Million by 2020, at an estimated CAGR of 4.6% between 2015 and 2020.

The textile TIC market is expected to be driven by introduction of new regulations and standards in the textile sector, technological innovations in the textile sector, and increase in the worldwide trading of textiles. Additionally, the market for textile certification is expected to grow at the highest CAGR of 8.1% during the forecast period due to the increase in trading of textiles.

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The textile industry is majorly being driven by the rising production of textiles and increasing trading of textile products. The production and trading of textiles requires testing, inspection, and certification services to ensure that they conform to quality related standards, which also helps them gain recognition worldwide. According to the Apparel Export Promotion Council (AEPC), the exports from the Chinese textile industry were estimated to be worth USD 274 Billion in 2013 and USD 246 Billion in 2012.

The key players profiled in the report are SGS Group (Switzerland), Bureau Veritas SA (France), Intertek Group Plc (U.K.), TUV SUD Group (Germany), TÜV Rheinland Group (Germany), AsiaInspection Ltd (Hong Kong), British Standards Institution (BSI) Group (U.K.), Centre Testing International (CTI) (China), Hohenstein Institute (Germany), SAI Global Ltd (Australia), TESTEX AG (Switzerland), and Eurofins Scientific (Luxembourg).

Increasing export of textiles from developing regions and growth of the technical textile market are some of the factors driving the textile testing, inspection, and certification market.  Small to medium sized TIC companies face challenges in terms of receiving accreditation as it requires heavy investment. However, various government organizations are providing incentives in the form of funds and relaxation of accreditations for the SMEs in the textile TIC market, as the latter are required to make huge investments to get accredited by accreditation bodies such as International Organisation for Standardization (ISO) and American Society for Testing for Materials (ASTM).

The global textile testing, inspection, and certification market has been segmented into North America, Europe, APAC, and RoW. The studied market in North America has been further segmented into the U.S. Canada, and Mexico. The European Textile Testing Market has been segmented into Germany, Switzerland, U.K., Turkey, and others. Countries such as   China, Japan, India, Bangladesh, and others are included in the APAC region.