Quality Control Market - Forecast(2024 - 2030)

Report Code: AIR 0233 Report Format: PDF + Excel

Quality Control Market Overview:

According to the National Sanitation Foundation (NSF) International, approximately global food industry suffers the burden of $49 billion owing to food fraud which is a serious issue all over the world. Encountering major problems related to quality analysis of the industrial food hinders brand image and loss of reliable customers consequently slowing the pace of economic build up. Quality control facilitates standard measures for product inspection, which thereby lowers the production cost, builds a healthy owner-consumer relationship, ensures safe brand identity, and increases sales and overall product price. Not only this process gauges quality management and problem identification for food and beverage industry, it also identifies any unsatisfactory product feature both in the government and private industrial firms, organizations, medical facilities, project management, and many others. It is essential for every manufacturing company to maintain customers’ trust and uniform commodity quality for established business and long-term survival in the current competitive landscape gradually increasing the global quality control market demand which is evaluated to grow at a CAGR of 6.18% through to 2025. This continuously amplifies the global quality control market size owing to which it leveraged a huge profit of $36.89 billion as of 2018.

Annually food and beverage industry contributes around $31.1 billion to the UK economy along with a total of $23 billion exported food and drink services. This exponential data reflects the expanding opportunity for quality control system in this region extracting huge revenue income through it. Europe contributed a regional share of 31.18% to the global quality control market in the year 2018 attributing to the rising supply-demand chain. Automotive and public infrastructure are the two most macroeconomic industries which constantly require effective quality analysis and management procedures to persist in the ever-changing business market. Resultantly, this key segment will exert huge demand for quality control services which is projected to increase at a noticeable CAGR of 7.47% during the forecast period 2019-2025.

Quality Control Market Growth Drivers:

· Growing industrialization and colossal investment on quality analysis of consumer products due to stringent government rules will significantly propel the global quality control market growth.

· Increasing instances of food adulteration, adverse drug reaction, and counterfeit products will enable frequent quality checks thereby ballooning the quality control market demand and revenue income.

Quality Control Market Key Players:

The key leaders in the quality control market includes Formel D (Deutsche Beteiligungs AG), SGS Group, Trigo, Eurofins, TUV SUD, DNV GL Group, TUV Nord Group, Dekera SE, Exact Systems, Bureau Veritas SA, and many others.

SGS Group is one of the leading companies which provides expert inspection, verification, testing services to its customers for boosting the efficiency of any business activities.

Quality Control Market Trends:

· The invasion of cloud computing technologies has etched a mark in the quality control and management market with multiple boons such as cost-effectiveness, chat bots facilities which facilitates detailed customer feedbacks, and connected mobile device support. This helps the business owners to effectively produce quality products as well as reaches the peak of customer expectations.

· In collaboration with the hybrid and agile methodologies of project management in an industrial firm, quality control process is implemented with ease due to proper plans, guidance, and project tracking methods.

Quality Control Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Quality Control market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Quality Control in Quality Control market, and their specific applications in different areas.

Quality Control Market: Industry Coverage:

Global quality control market is classified into different segments such as type, procedure, services offered, and industry vertical. On the basis of type the segmentation includes in-house and outsourced. Based on procedure categorization includes inspection and audit. By services offered the quality control market can be bifurcated into preventive QC, corrective QC, laboratory, and others. Sub segments under industry vertical includes automotive, consumer goods and retail, aerospace, and many others.

The Quality Control market also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:     

•           North America: The U.S., Canada, Mexico

•           South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

•           Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark

•           APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

•           Middle East and Africa: Israel, South Africa, Saudi Arabia

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1. Quality Control Market - Overview
1.1. Definitions and Scope
2. Quality Control Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Quality Control Market 
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis 
4. Quality Control Market – Startup companies Scenario Premium
4.1. Top 10 startup company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario
5. Quality Control Market – Industry Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing business index
5.3. Case studies of successful ventures
5.4. Customer Analysis – Top 10 companies
6. Quality Control Market Forces
6.1. Drivers
6.2. Constraints
6.3. Challenges
6.4. Porters five force model
6.4.1. Bargaining power of suppliers
6.4.2. Bargaining powers of customers
6.4.3. Threat of new entrants
6.4.4. Rivalry among existing players
6.4.5. Threat of substitutes 
7. Quality Control Market -Strategic analysis
7.1. Value chain analysis
7.2. Opportunities analysis
7.3. Product life cycle
7.4. Suppliers and distributors Market Share
8. Quality Control Market – By Type (Market Size -$Million / $Billion)
8.1. Market Size and Market Share Analysis 
8.2. Application Revenue and Trend Research
8.3. Product Segment Analysis
8.3.1. In-House
8.3.2. Out Sourced
9. Quality Control Market – By Procedure (Market Size -$Million / $Billion)
9.1. Inspection
9.2. Audit
10. Quality Control Market – By Services Offered (Market Size -$Million / $Billion)
10.1. Preventive Quality Control Services
10.1.1. Supplier Sourcing and Auditing
10.1.2. Inspections (Pre-shipment, In-Progress, In-Coming)
10.1.3. Sorting
10.1.4. Final Product Quality Control Testing
10.1.5. Others
10.2. Corrective Quality Control Services
10.2.1. Problem Identification
10.2.2. Rework
10.2.3. Repair (Components and final products)
10.3. Laboratory Services
10.3.1. Material Testing
10.3.2. Safety Testing
10.3.3. easurement Testing
10.3.4. Others
10.4. Engineering Support Services
10.4.1. Resident Engineering Services
10.4.2. Verification and analysis of defects
10.4.3. Process quality assurance
10.4.4. Production process enhancement
10.4.5. Others
11. Quality Control Market – By Industry Vertical (Market Size -$Million / $Billion)
11.1. Agriculture Machinery
11.2. Automotive
11.2.1. Light Vehicle Vehicle Refurbishment Vehicle Retrofit Pre-Delivery Inspection (PDI) Preparation Show Cars Fleet Management Automotive Electrical Systems and Components testing Electric Vehicle testing Hybrid Electric Vehicles Testing Automotive Battery Systems Testing
11.2.2. Heavy Vehicles
11.2.3. Heavy Equipment
11.2.4. Others
11.3. Oil & Gas
11.3.1. Upstream
11.3.2. Midstream
11.3.3. Downstream
11.3.4. Biofuel and Feedstock
11.4. Marine
11.4.1. Ship Classification Services
11.4.2. Marine Fuel System
11.4.3. Marine Materials
11.5. Aerospace
11.5.1. Unmanned Vehicles
11.5.2. Manned Vehicles
11.6. Public Infrastructure
11.6.1. Railway Testing Inspection
11.6.2. Roadway Testing Inspection
11.6.3. Others
11.7. Manufacturing 
11.7.1. Supplier Related Services
11.7.2. Production and Products Related Services
11.7.3. Project Related Services
11.8. Metal and Mining
11.8.1. Inspection and Sampling
11.8.2. Exploration
11.8.3. Production and Plant Services
11.8.4. Site Operations and Closure
11.9. Chemical
11.9.1. Finished Product
11.9.2. Chemical Feedstock
11.9.3. Others
11.10. Medical and Life Science
11.10.1. Medical Devices
11.10.2. Health, Wellness and Beauty
11.10.3. Clinical Services
11.10.4. Lab Services
11.10.5. Biopharmaceutical and Pharmaceutical
11.11. Power and Energy
11.11.1. Power Generation Renewable Sources Solar Wind Non Renewable Sources Thermal Nuclear Others
11.11.2. Power Transmission
11.11.3. Power Distribution
11.11.4. Others
12. Quality Control - By Geography (Market Size -$Million / $Billion)
12.1. Quality Control Market - North America Segment Research
12.2. North America Market Research (Million / $Billion)
12.2.1. Segment type Size and Market Size Analysis 
12.2.2. Revenue and Trends
12.2.3. Application Revenue and Trends by type of Application
12.2.4. Company Revenue and Product Analysis
12.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
12.3. Quality Control - South America Segment Research
12.4. South America Market Research (Market Size -$Million / $Billion)
12.4.1. Segment type Size and Market Size Analysis 
12.4.2. Revenue and Trends
12.4.3. Application Revenue and Trends by type of Application
12.4.4. Company Revenue and Product Analysis
12.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
12.5. Quality Control - Europe Segment Research
12.6. Europe Market Research (Market Size -$Million / $Billion)
12.6.1. Segment type Size and Market Size Analysis 
12.6.2. Revenue and Trends
12.6.3. Application Revenue and Trends by type of Application
12.6.4. Company Revenue and Product Analysis
12.6.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
12.7. Quality Control – APAC Segment Research
12.8. APAC Market Research (Market Size -$Million / $Billion)
12.8.1. Segment type Size and Market Size Analysis 
12.8.2. Revenue and Trends
12.8.3. Application Revenue and Trends by type of Application
12.8.4. Company Revenue and Product Analysis
12.8.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia
13. Quality Control Market - Entropy
13.1. New product launches
13.2. M&A's, collaborations, JVs and partnerships
14. Quality Control Market – Industry / Segment Competition landscape Premium
14.1. Market Share Analysis
14.1.1. Market Share by Country- Top companies
14.1.2. Market Share by Region- Top 10 companies
14.1.3. Market Share by type of Application – Top 10 companies
14.1.4. Market Share by type of Product / Product category- Top 10 companies
14.1.5. Market Share at global level- Top 10 companies
14.1.6. Best Practises for companies
15. Quality Control Market – Key Company List by Country Premium
16. Quality Control Market Company Analysis
16.1. Market Share, Company Revenue, Products, M&A, Developments
16.2. Trigo
16.3. Aktrion Group
16.4. Exact Systems
16.5. Formel D
16.6. Invenio
16.7. G&P Quality Knowledge Service
16.8. Redi-Group
16.9. SGP Group
16.10. Bureau Veritas SA
16.11. DNV GL Group
16.12. SGS Group
16.13. Eurofins
16.14. Company 13
16.15. Company 14
16.16. Company 15 & More
"*Financials would be provided on a best efforts basis for private companies"
17. Quality Control Market -Appendix
17.1. Abbreviations
17.2. Sources
18. Quality Control Market -Methodology Premium
18.1. Research Methodology
18.1.1. Company Expert Interviews
18.1.2. Industry Databases
18.1.3. Associations
18.1.4. Company News
18.1.5. Company Annual Reports
18.1.6. Application Trends
18.1.7. New Products and Product database
18.1.8. Company Transcripts
18.1.9. R&D Trends
18.1.10. Key Opinion Leaders Interviews
18.1.11. Supply and Demand Trends