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Automotive Tic Market

Automotive TIC - Global Market Outlook (2019-2027)

4.5 (62 reviews)
Published: June 2020 ID: SMRC19383
4.5 (62 reviews)
Published: June 2020 ID: SMRC19383

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Automotive TIC Market is accounted for $16.90 billion in 2019 and is expected to reach $29.92 billion by 2027 growing at a CAGR of 7.4% during the forecast period. Some of the key factors propelling the market growth include increasing automobile production in emerging economies, growing inclination toward outsourcing TIC services, rising focus of governments to impose strict regulatory standards on the automotive industry, and surging adoption of automotive electronics to maintain passenger and vehicle safety. However, varying regulations/standards across regions is likely to hamper the market.

Automotive testing, inspection, and certification services (TIC) are done to check roadworthiness of a vehicle. Automotive TIC authenticates the test and inspection results against the standard set by the government, international standardization. Presently, it is commonly used by the manufacturer to show that their products are manufactured according to the government standardization and regulations. The automotive testing, inspection, and certification (TIC) are vital steps in the success of the automotive manufacturers and suppliers. This helps in the production of high quality, safe, and reliable automotive products/components.

By application, vehicle inspection services (VIS) are offered by automotive TIC companies. It is a technical inspection service provided by TIC companies for commercial vehicles (commercial van and truck fleets; heavy and mid-duty trucks; tractors; trailers; construction equipment; forklifts) and passenger vehicles (cars, motorcycles, pick-up trucks, boats and recreational trailers, all-terrain vehicles (ATVs), and recreational vehicles (RVs)). VIS services should ideally follow national/international regulatory standards for environmental protection. These services are also applicable to imported and used vehicles.

On the basis of geography, Asia Pacific (APAC) is expected to have considerable market growth during the forecast period. The automotive industry is subject to strict safety regulations in a few Asia Pacific countries such as Japan and South Korea demands passenger cars are also on the increase these countries. Increased production of motor vehicles in countries which are India, China, Japan, and South Korea is significantly contributing to the growth of the automotive TIC market in the APAC region.

Some of the key players in Automotive TIC market include TUV Nord Group, Bureau Veritas S.A., Intertek, British Standards Institution (BSI), Rina S.P.A., Lloyd’s, Mistras, Dekra SE, TUV SUD, UL LLC, Eurofins, Element Materials, UV Nord Group, Applus+, SGS Group, TUV Rheinland AG Group, DNV GL, Norges Elektriske Materiellkontroll (NEMKO), Nsf International, and Engineering, Quality, and Safety (EQS).

Sourcing Types Covered:
• Outsourced
• In-house

Service Types Covered:
• Inspection Services
• Testing Services
• Certification Services
• Other Services

Applications Covered:
• Homologation Testing
• Electrical Systems and Components
• Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems
• Automotive Fuels, Fluids, and Lubricants
• Interior and Exterior Materials and Components
• Telematics
• Advanced Driver Assistance Systems (ADAS) Testing
• OEM Testing
• Durability Testing
• Emission Testing
• Acoustic Testing
• Passenger Cars
• Commercial Vehicles
• Other Applications

Places Covered:
• Other Service Providers (OSP)
• Workshop

Materials Covered:
• Composites
• Alloys

Automotive Applications Covered:
• Adas and Safety Controller
• Chassis and Body Controller
• Functional Safety
• Cockpit Controller

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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 analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- 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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• 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

1 Executive Summary    
     
2 Preface    

 2.1 Abstract   
 2.2 Stake Holders   
 2.3 Research Scope   
 2.4 Research Methodology   
  2.4.1 Data Mining  
  2.4.2 Data Analysis  
  2.4.3 Data Validation  
  2.4.4 Research Approach  
 2.5 Research Sources   
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions  
     
3 Market Trend Analysis    
 3.1 Introduction   
 3.2 Drivers   
 3.3 Restraints   
 3.4 Opportunities   
 3.5 Threats   
 3.6 Application Analysis   
 3.7 Emerging Markets   
 3.8 Impact of Covid-19   
     
4 Porters Five Force Analysis    

 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry   
     
5 Global Automotive TIC Market, By Sourcing Type    
 5.1 Introduction   
 5.2 Outsourced   
 5.3 In-house   
     
6 Global Automotive TIC Market, By Service Type    

 6.1 Introduction   
 6.2 Inspection Services   
 6.3 Testing Services   
 6.4 Certification Services   
 6.5 Other Services   
  6.5.1 Technical Assistance  
  6.5.2 Auditing Services  
  6.5.3 Environmental Services  
  6.5.4 Consulting Services  
  6.5.5 Asset Integrity Management Services  
  6.5.6 Quality, Safety, and Health Services  
  6.5.7 Project Management Services  
  6.5.8 Vehicle Inspection Services  
     
7 Global Automotive TIC Market, By Application    

 7.1 Introduction   
 7.2 Homologation Testing   
 7.3 Electrical Systems and Components   
 7.4 Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems   
 7.5 Automotive Fuels, Fluids, and Lubricants   
 7.6 Interior and Exterior Materials and Components   
 7.7 Telematics   
 7.8 Advanced Driver Assistance Systems (ADAS) Testing   
 7.9 OEM Testing   
 7.10 Durability Testing   
 7.11 Emission Testing   
 7.12 Acoustic Testing   
 7.13 Passenger Cars   
 7.14 Commercial Vehicles   
 7.15 Other Applications   
  7.15.1 Quality-Safety-Health-and-Environment  
  7.15.2 Auditing  
  7.15.3 Road Safety and Traffic Services  
    
8 Global Automotive TIC Market, By Place    
 8.1 Introduction   
 8.2 Other Service Providers (OSP)   
 8.3 Workshop   
     
9 Global Automotive TIC Market, By Material    
 9.1 Introduction   
 9.2 Composites   
 9.3 Alloys   
     
10 Global Automotive TIC Market, By Automotive Application    
 10.1 Introduction   
 10.2 Adas and Safety Controller   
 10.3 Chassis and Body Controller   
 10.4 Functional Safety   
 10.5 Cockpit Controller   
     
11 Global Automotive TIC Market, By Geography    
 11.1 Introduction   
 11.2 North America   
  11.2.1 US  
  11.2.2 Canada  
  11.2.3 Mexico  
 11.3 Europe   
  11.3.1 Germany  
  11.3.2 UK  
  11.3.3 Italy  
  11.3.4 France  
  11.3.5 Spain  
  11.3.6 Rest of Europe  
 11.4 Asia Pacific   
  11.4.1 Japan  
  11.4.2 China  
  11.4.3 India  
  11.4.4 Australia  
  11.4.5 New Zealand  
  11.4.6 South Korea  
  11.4.7 Rest of Asia Pacific  
 11.5 South America   
  11.5.1 Argentina  
  11.5.2 Brazil  
  11.5.3 Chile  
  11.5.4 Rest of South America  
 11.6 Middle East & Africa   
  11.6.1 Saudi Arabia  
  11.6.2 UAE  
  11.6.3 Qatar  
  11.6.4 South Africa  
  11.6.5 Rest of Middle East & Africa  
     
12 Key Developments    

 12.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 12.2 Acquisitions & Mergers   
 12.3 New Product Launch   
 12.4 Expansions   
 12.5 Other Key Strategies   
     
13 Company Profiling    
 13.1 TUV Nord Group   
 13.2 Bureau Veritas S.A.   
 13.3 Intertek   
 13.4 British Standards Institution (BSI)   
 13.5 Rina S.P.A.   
 13.6 Lloyd’s   
 13.7 Mistras   
 13.8 Dekra SE   
 13.9 TUV SUD   
 13.10 UL LLC   
 13.11 Eurofins   
 13.12 Element Materials   
 13.13 UV Nord Group    
 13.14 Applus+   
 13.15 SGS Group   
 13.16 TUV Rheinland AG Group   
 13.17 DNV GL   
 13.18 Norges Elektriske Materiellkontroll (NEMKO)   
 13.19 Nsf International   
 13.20 Engineering, Quality, and Safety (EQS)  


List of Tables     
1 Global Automotive TIC Market Outlook, By Region (2018-2027) ($MN)    
2 Global Automotive TIC Market Outlook, By Sourcing Type (2018-2027) ($MN)    
3 Global Automotive TIC Market Outlook, By Outsourced (2018-2027) ($MN)    
4 Global Automotive TIC Market Outlook, By In-house (2018-2027) ($MN)    
5 Global Automotive TIC Market Outlook, By Service Type (2018-2027) ($MN)    
6 Global Automotive TIC Market Outlook, By Inspection Services (2018-2027) ($MN)    
7 Global Automotive TIC Market Outlook, By Testing Services (2018-2027) ($MN)    
8 Global Automotive TIC Market Outlook, By Certification Services (2018-2027) ($MN)    
9 Global Automotive TIC Market Outlook, By Other Services (2018-2027) ($MN)    
10 Global Automotive TIC Market Outlook, By Technical Assistance (2018-2027) ($MN)    
11 Global Automotive TIC Market Outlook, By Auditing Services (2018-2027) ($MN)    
12 Global Automotive TIC Market Outlook, By Environmental Services (2018-2027) ($MN)    
13 Global Automotive TIC Market Outlook, By Consulting Services (2018-2027) ($MN)    
14 Global Automotive TIC Market Outlook, By Asset Integrity Management Services (2018-2027) ($MN)    
15 Global Automotive TIC Market Outlook, By Quality, Safety, and Health Services (2018-2027) ($MN)    
16 Global Automotive TIC Market Outlook, By Project Management Services (2018-2027) ($MN)    
17 Global Automotive TIC Market Outlook, By Vehicle Inspection Services (2018-2027) ($MN)    
18 Global Automotive TIC Market Outlook, By Application (2018-2027) ($MN)    
19 Global Automotive TIC Market Outlook, By Homologation Testing (2018-2027) ($MN)    
20 Global Automotive TIC Market Outlook, By Electrical Systems and Components (2018-2027) ($MN)    
21 Global Automotive TIC Market Outlook, By Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems (2018-2027) ($MN)    
22 Global Automotive TIC Market Outlook, By Automotive Fuels, Fluids, and Lubricants (2018-2027) ($MN)    
23 Global Automotive TIC Market Outlook, By Interior and Exterior Materials and Components (2018-2027) ($MN)    
24 Global Automotive TIC Market Outlook, By Telematics (2018-2027) ($MN)    
25 Global Automotive TIC Market Outlook, By Advanced Driver Assistance Systems (ADAS) Testing (2018-2027) ($MN)    
26 Global Automotive TIC Market Outlook, By OEM Testing (2018-2027) ($MN)    
27 Global Automotive TIC Market Outlook, By Durability Testing (2018-2027) ($MN)    
28 Global Automotive TIC Market Outlook, By Emission Testing (2018-2027) ($MN)    
29 Global Automotive TIC Market Outlook, By Acoustic Testing (2018-2027) ($MN)    
30 Global Automotive TIC Market Outlook, By Passenger Cars (2018-2027) ($MN)    
31 Global Automotive TIC Market Outlook, By Commercial Vehicles (2018-2027) ($MN)    
32 Global Automotive TIC Market Outlook, By Other Applications (2018-2027) ($MN)    
33 Global Automotive TIC Market Outlook, By Quality-Safety-Health-and-Environment (2018-2027) ($MN)    
34 Global Automotive TIC Market Outlook, By Auditing (2018-2027) ($MN)    
35 Global Automotive TIC Market Outlook, By Road Safety and Traffic Services (2018-2027) ($MN)    
36 Global Automotive TIC Market Outlook, By Place (2018-2027) ($MN)    
37 Global Automotive TIC Market Outlook, By Other Service Providers (OSP) (2018-2027) ($MN)    
38 Global Automotive TIC Market Outlook, By Workshop (2018-2027) ($MN)    
39 Global Automotive TIC Market Outlook, By Material (2018-2027) ($MN)    
40 Global Automotive TIC Market Outlook, By Composites (2018-2027) ($MN)    
41 Global Automotive TIC Market Outlook, By Alloys (2018-2027) ($MN)    
42 Global Automotive TIC Market Outlook, By Automotive Application (2018-2027) ($MN)    
43 Global Automotive TIC Market Outlook, By Adas and Safety Controller (2018-2027) ($MN)    
44 Global Automotive TIC Market Outlook, By Chassis and Body Controller (2018-2027) ($MN)    
45 Global Automotive TIC Market Outlook, By Functional Safety (2018-2027) ($MN)    
46 Global Automotive TIC Market Outlook, By Cockpit Controller (2018-2027) ($MN)    
     
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.     

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