The Automotive Testing, Inspection and Certification (TIC) sector consists of conformity assessment bodies that provide services ranging from auditing and inspection, to testing, verification, quality assurance and certification.
The rising number of accidents, increasing automation in vehicles, advanced and more sophisticated components and features of a vehicle, increasing pollution, these are factors due to which demand for vehicle tasting and inspection is increasing day by day.
In 2017, Europe dominated the automotive testing, inspection, and certification market with 43.7% share, thanks to the presence of some of the world’s leading automotive manufacturers and a steadily expanding domestic automotive industry.
North America also accounts for a significant share in the global market owing to the well-established automotive sector. In regions like Europe and North America, stringent rules for periodic vehicle inspection and testing are laid down so as to ensure the safety of human life. These regulations are also key drivers for the automotive testing, inspection, and certification market in these regions.
In 2018, the global Automotive TIC market size was 14000 million US$ and it is expected to reach 20500 million US$ by the end of 2025, with a CAGR of 5.6% during 2019-2025.
This report focuses on the global Automotive TIC status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive TIC development in United States, Europe and China.
The key players covered in this study
DEKRA
TÜV SÜD Group
Bureau Veritas
Applus Services
SGS Group
Intertek Group
TÜV Rheinland Group
TÜV Nord Group
Market segment by Type, the product can be split into
Testing
Inspection
Certification
Market segment by Application, split into
Passenger Cars
Commercial Vehicles
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Automotive TIC status, future forecast, growth opportunity, key market and key players.
To present the Automotive TIC development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Automotive TIC are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Automotive TIC . Industry analysis & Market Report on Automotive TIC is a syndicated market report, published as Global Automotive TIC Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Automotive TIC market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.