Apparels, Footwear, and Leather Goods (AFL) Testing, Inspection, and Certification (TIC) Market Analysis | CMI

1

• Coherent Market Insights
• Market Research and Business Consulting Services
• https//www.coherentmarketinsights.com/
• COVID-19 Impact Tracker

2
APPARELS, FOOTWEAR LEATHER GOODS (AFL) TESTING,
INSPECTION CERTIFICATION (TIC) MARKET ANALYSIS

• 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) - Size, Share, Outlook, and
  Opportunity Analysis 2019 - 2027

3
Statistics

• Global Apparels, Footwear, and Leather Goods
  (AFL) Testing, Inspection, and Certification
  (TIC) Market was valued at US 4,952.4 Mn in
  2018, 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. The India
  market is expected to grow at a significant rate
  over the forecast period, followed by rest of
  Asia Pacific.

4
Figure. Global Apparels, Footwear, and Leather
Goods (AFL) Testing, Inspection, and
Certification (TIC) Market Size 2017 2027
5
Market Drivers

• The Asia Pacific market is witnessing high growth
  due to increasing demand for cost effective
  learning management solutions. Moreover, increase
  in the number of start-ups operating in the
  e-learning industry has aided growth of the
  apparels, footwear, and leather goods (AFL)
  testing, inspection, and certification (TIC)
  market in this region. There has also been a
  marked shift from traditional methods to
  technology driven methods in the recent past. For
  instance, in 2013, Oracle introduced 'Oracle
  Learn Cloud 13A' with advanced apparels,
  footwear, and leather goods (AFL) testing,
  inspection, and certification (TIC) management
  and delivery features in the Asia Pacific region.

6
Figure. Global Apparels, Footwear, and Leather
Goods (AFL) Testing, Inspection, and
Certification (TIC) Market Share (), by Region,
2017
7
Market Trends

• Increasing Demand for Leather Footwear and Goods
  in Emerging Economies
• There has been increasing awareness regarding
  latest market trends among shoppers. For
  instance, consumers opt for products which are
  made from high quality materials. This, in turn,
  has led to rise in demand for high quality
  products, which is expected to drive the market
  growth in the near future.
• Moreover, consumers are rapidly aligning towards
  latest designs and innovative leather offerings
  in order to match with changing fashion trends.
  Owing to rising demand for leather garments and
  footwear, the leather goods industry is
  witnessing growth in emerging economies.

8

• In several countries across the globe, there is
  higher preference for quality and standardization
  among consumers. As a result, leather
  manufacturers offer sustainable products by
  avoiding use of harmful chemicals and dyes. India
  is one of the largest exporters of leather
  garments, leather goods, and also one of the
  largest producers of leather footwear.
• For instance, according to the India Brand Equity
  Foundation (IBEF), the total leather good exports
  from India were valued at US 3.05 billion during
  April-October 2018. The major markets for leather
  products produced in India include Germany, U.S,
  U.K., France, and Italy. Therefore, providers of
  quality and safety services are setting up
  testing facilities in India, in order to offer
  leather and footwear testing services to leather
  manufacturers. As a result, testing services are
  expected to help manufacturers offer products
  with high standards of quality and safety to
  end-users, and also ensure that leather goods
  that are manufactured are compliant with globally
  acceptable standards.

9
Market Opportunities

• Asia Pacific Apparels, Footwear, and Leather
  Goods (AFL) Testing, Inspection, and
  Certification (TIC) market is expected to witness
  highest growth during the forecast period
• Asia Pacific apparels, footwear, and leather
  goods (AFL) testing, inspection, and
  certification (TIC) market is expected to reach
  US 1,731.9 Mn by 2027, exhibiting a CAGR of 5.6
  over the forecast period. The growth of Asia
  Pacific apparels, footwear, and leather goods TIC
  market is attributed to increasing international
  trade, and increasing exports from Asia Pacific
  to Europe. These exports from emerging economies
  of Asia Pacific region are required to conform to
  various standards of Europe and North America,
  which is expected to facilitate growth of the
  apparels, footwear, and leather goods TIC market
  in the region. For instance, according to the
  IBEF, India's overall textile exports during FY
  2017-18 were valued at US 39.2 billion in FY
  2018, and are expected to reach US 82.00 billion
  by 2021 from US 31.65 billion in FY 2019 (up to
  January 2019). Furthermore, to sell textile
  products such as clothing, home textiles, and
  accessories in China, India needs to adhere to
  stringent national standards for textile
  products, such as the Chinese GB standards.

10
Global Apparels, Footwear, and Leather Goods
(AFL) Testing, Inspection, and Certification
(TIC) Market Key Players

• Major players operating in the global apparels,
  footwear, and leather goods (AFL) testing,
  inspection, and certification (TIC) industry
  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.

11

• Request Sample Report
• Request Customization
• Download PDF Brochure
• Talk to Analyst
• Reference https//www.coherentmarketinsights.com
  /market-insight/apparels-footwear-and-leather-good
  s-afl-testing-inspection-and-certification-tic-mar
  ket-3038

12
About Us

• Coherent Market Insights is a global market
  intelligence and consulting organization focused
  on assisting our plethora of clients achieve
  transformational growth by helping them make
  critical business decisions.
• What we provide
• Customized Market Research Services
• Industry Analysis Services
• Business Consulting Services
• Market Intelligence Services
• Long term Engagement Model
• Country Specific Analysis

13
Contact Us

• Mr. Shah
• Coherent Market Insights Pvt.Ltd.
• Address 1001 4th Ave, 3200 Seattle, WA 98154,
  U.S.
• Phone [phone]
• Email sales_at_coherentmarketinsights.com

14

• Thank You!
• Kindly follow CMI Social Media Profiles
  for the latest company updates
• Facebook
• Linkedin
• Twitter
• https//www.coherentmarketinsights.com/