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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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