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Title: 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
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  • 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
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13
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  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

14
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