Automotive Testing, Inspection, and Certification - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Automotive Testing, Inspection, and Certification Market is accounted for $16.12 billion in 2019 and is expected to reach $26.29 billion by 2027 growing at a CAGR of 6.3% during the forecast period. While the factors like the rising occurrence of vehicle recall owing to component failures and growing automobile production in emerging economies are propelling the market growth. However, varying rules across regions are hampering the market growth.
The automotive testing, inspection and certification sector consists of conformity assessment bodies that supply services ranging from auditing and inspection to testing, quality guarantee, authentication, and certification.
Based on the sourcing type, the in-house segment is going to have a lucrative growth during the forecast period due to the conducting in-house TIC services allow manufacturers to wield higher levels of control by keeping services and personnel under direct control. In-house services not only lower the risks associated with poor vehicle maintenance, including equipment failure and crashes but also enable manufacturers to identify the problems instantaneously.
By geography, the Asia Pacific is likely to have a huge demand due to the factors such as growing per capita income; rising per capita consumption with a large population base, high economic growth rate, and investment opportunities due to favorable government policies is attracting several global automotive players to expand their presence in the APAC region. This, in turn, is supporting the technological transition of automobile manufacturing and services industry in this region; consequently, supporting the growth of the automotive TIC services market in this region.
Some of the key players profiled in the Automotive Testing, Inspection, and Certification Market include ALS Ltd., SGS SA, Bureau Veritas , DEKRAÂ SE, TUV SUD AG , Intertek Group Plc, Mistras Group Inc., Applus+ Services Technologies SL , TUV NORD GROUP , Eurofins Scientific SE , TUV Rheinland Ag Group, Element Materials Technology , DNV GL, British Standards Institution , Norges Elektriske Materiellkontroll , and Lloyd’s Register Group Limited.
Sourcing Types Covered:
Service Types Covered:
• Certification Services
• Inspection Services
• Testing Services
Supply Chain Services Covered:
Sales Channels Covered:
• Direct Channel
• Distribution Channel
• Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems
• Electrical Systems and Components
• Automotive Fuels, Fluids, and Lubricants
• Homologation Testing
• Interior and Exterior Materials and Components
• Vehicle Inspection Services
• Advanced Driver Assistance Systems (ADAS) Testing
• Durability Testing
• Emission Testing
• Acoustic Testing
• Original Equipment Manufacturer (OEM) Testing
• Functional Safety
• Certification Test
• Safety Controller
• Chassis and Body Controller
• Cockpit Controller
End Users Covered:
• Passenger Vehicle
• Commercial Vehicle
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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