The TIC market
A > €200bn market opportunity
source : Bureau Veritas Estimates
TIC Market sizing methodology
Touching all sectors
Mega-Trends boosting growth prospects
- Rise of the middle class in emerging countries and rise in demand for safety, as well as infrastructure investments.
- Use of complex technologies, shorter product lifecycles, complexity of supply chains.
- Need by global corporations to better protect their brand in addition to regulatory compliance.
- Outsourcing and privatization.
Regional, national or global markets
| Business | Fragmentation | Competitive Environment |
|---|---|---|
| Marine & Offshore | Medium | 12 members of the International Association of Classification Societies (IACS) class more than 90% of the global shipping fleet. |
| Agri-Food & Commodities | ||
|
- Agri-Food |
High | A few global players. A large number of local players. |
|
- Commodities |
Medium | A few global players. A few regional groups and specialized local players. |
|
- Government services and international trade |
Low | Four main players for government services. |
| Industry | High | A few large European or global players. A large number of highly specialized local players. |
| Buildings & Infrastructure | High | A few regional players. A large number of local players. |
| Certification | High | A few global players and quasi-state-owned national certification bodies, and many local players. |
| Consumer Products | Medium | A relatively concentrated market for toys, textiles ad hardline products. Fragmented markets for electrical products and electronics. |