Testing Times - TIC 101 Index 2017
The landscape is changing in Testing, Inspection and Certification. It's time for vision and confidence
2017年12月15日报告
In our last review of the TIC sector (which we called TIC-TOCK), we identified several emerging trends, such as the superiority of focus over pure scale and the changing basis of competition, with implications for both organic growth and M&A priorities.
These trends have since been borne out in the performance and stated strategies of major players - and our latest study shows that the divergence between winners and losers has further increased.
The fundamental attractiveness of the sector for players and investors remains high, but the market is changing rapidly:
- Customer expectations continue to escalate
- End-sector growth remains highly variable, with former star areas encountering significant head winds
- Competitive lines are becoming increasingly blurred
- Emerging markets cannot be ignored
- No-one is immune from digital disruption
- Consequently, we are seeing a dramatic increase in the number of players with falling revenues.
In this review, we discuss the winning formula that we believe should be deployed in the face of this rapid change, and the importance of thinking about the ‘end game’ in order to future-proof your business.
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Tic-tock
Testing, Inspection and Certification (TIC) services has been a highly attractive market on the agenda of major investors across the globe. However, growth rates have declined significantly since 2012, with average growth of 11-16%pa dropping down to just 6% in 2014
Sink or swim
Too many of the world's leading B2B Services firms are at risk of revenue and margin decline - and only a few are acting with sufficient aggression to pursue their next wave of profitable growth
Reaction time
The Global FM market has entered a period of significant change. Savvier, more aggressive buyers are fuelling a healthy M&A landscape
Global warning
The B2B Services sector is diverse but contains some of the world’s most successful businesses. Leading players are capitalising on waves of outsourcing