Time and space resolved optical emission spectroscopy has been successfully employed to investigate the evolution of the plasma produced by the interaction of UV laser beam with a metallic target of titanium at two different pressures (10 - 5 and 3.4x10 - 2 torr) and at distances up to 3 mm from the target. By time of flight measurements and Boltzmann plots both the dynamic and the kinetic aspects have been discussed. The quasi-equilibrium state of the laser-induced plasma has been established on the basis of the failure of Saha balance equation. The effect of three-body recombination on atomic titanium temporal distribution has been explained. Temporal evolution of electron number density, as determined by Stark effect, has been used for the estimation of the three-body recombination rate constant.