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March 2018
Testing, Inspection, and Certification Services
Sectorwatch
The global Testing, Inspection, and Certification Services ("TIC") market continues to expand amid globalization and increased outsourcing of global TIC services. Industry M&A activity remains active, with consolidation across all levels of the industry.
Industry Trends:
- Current revenue growth rate exceeds the average of the last 3 years, indicating that market momentum is increasing
- Current gross profit margin is less than the average of the last 3 years gross profit margins, indicating customer pricing power
- Current EBITDA margin exceeds the average of the last 3 years EBITDA margin, a condition that may attract new entrants