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Automotive TIC Market- Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Dekra Se, TUV SUD Group, Applus Services S.A., SGS Group, TUV Nord Group

17 Mar, 2022 | 159 Pages
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The global Automotive TIC market is expected to grow from USD 16.5 billion in 2022 to USD 20.4 billion by 2027; it is expected to grow at a CAGR of 4.3%.



Automotive TIC Market Overview



The automotive testing, inspection, and certification (TIC) market has a huge possibility and is predictable to grow over the forecast period of 2022 to 2027, owing to the rise in the trend of digitalization in the automotive due to COVID-19. In calculation, the rise in automobile production in emerging economies and rapid shift in inclination toward outsourcing TIC services are also largely manipulating the growth of the automotive testing, inspection, and certification (TIC) market. Also, the high disposable profits in evolving countries and rise in focus of governments to execute strict monitoring standards on the automotive industry are other drivers anticipated to flourish the automotive testing, inspection, and certification (TIC) market growth. Moreover, the adoption of automotive electronics to maintain passenger and vehicle safety is also expected to boost the growth of the automotive testing, inspection, and certification (TIC) market in the above-mentioned forecast period. However, the market of automotive testing, examination, and certification (TIC) have certain limitations which are expected to obstruct the potential growth of the market such as the varying regulations or standards across regions and declining global vehicle sales, whereas the long lead time required for overseas qualification tests can challenge the growth of the automotive testing, inspection, and certification (TIC) market in the above-mentioned forecast period.



Who are the Major Players in Automotive TIC Market?



The Global Automotive TIC Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Dekra Se, TUV SUD Group, Applus Services S.A., SGS Group, TUV Nord Group, TUV Rheinland AG Group, Bureau Veritas S.A., Intertek Group PLC, Eurofins Scientific, and Element Materials Technology.



Industry News and Update



May 2021 - Applus acquired IMA Dresden, a leading testing laboratory in Europe which is a well-diversified structural and materials testing laboratory, with a good reputation for excellence and a European leader in most of its key markets of railway, aerospace & defense, wind power, building products, medical devices and automotive.



April 2021 - DEKRA announced that it has been listed as MFi Authorized Test Laboratory to offer selected CarPlay certification testing, pre-testing, and advisory services for vehicle, telecommunications, and infotainment system manufacturers, which are licensees of Apple's MFi program. The MFi Program includes third-party hardware accessories that use Apple's MFi licensed technology to connect electronically to over 1.5 billion active Apple devices worldwide.



What are the major Applications, Types, and Regions for Automotive TIC Market?



The market is segmented based on the type, applications, companies, and regions.



By Type, it is segmented into




  • Testing

  • Inspection

  • Certification



 By Application, it is segmented into




  • Passenger Cars

  • Commercial Vehicles

  • Other



Automotive TIC Market Regional Analysis



The Asia-Pacific region is estimated to command the largest share of the global automotive TIC market in 2022, followed by Europe, North America, Latin America, and the Middle East & Africa. The economic development of the region, growing per capita income, rising per capita consumption with a large population base, high economic growth rate, and investment openings due to satisfactory government policies are attracting several global automotive players to expand their presence in the APAC region. This, in turn, is supporting the technological evolution of the automobile manufacturing and services industry in this region; consequently, supporting the expansion of the automotive TIC services market in this region. Furthermore, rising vehicle production, increasing demand for autonomous & luxury vehicles, growing sales of electric cars, strict government regulations for vehicle safety & quality, and technological development in the automotive sector is also reassuring automobile market development, consequently, driving the growth of the automotive TIC services market in the Asia Pacific region.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





What is our Automotive TIC Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 4.3 % over the forecast period (2022-2027)



By Type



 




  • Testing

  • Inspection

  • Certification



By Application



 




  • Passenger Cars

  • Commercial Vehicles

  • Other



By Companies



Dekra Se, TUV SUD Group, Applus Services S.A., SGS Group, TUV Nord Group, TUV Rheinland AG Group, Bureau Veritas S.A., Intertek Group PLC, Eurofins Scientific, and Element Materials Technology



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



159



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Automotive TIC Market Report




  • Evaluate Automotive TIC Market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industries verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.

  • Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Automotive TIC Market entropy - M&As, deals, partnerships, product launches of all key players for the past 5 years.

  • Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.



Frequently Asked Questions



How do you conduct primary research interviews?





We use tools such as video conferences, telephone calls, face-to-face interviews, and questionnaires with key respondents.



What if the report I want is not listed in the repository of your reports?



Industry Data Analytics has a repository of reports on various industry verticals and not all of them have been listed on the website. Please contact our sales team with your requirements.



Who are the key players in Automotive TIC Market?



Dekra Se, TUV SUD Group, Applus Services S.A., SGS Group, TUV Nord Group, TUV Rheinland AG Group, Bureau Veritas S.A., Intertek Group PLC, Eurofins Scientific, and Element Materials Technology



What regions does this Automotive TIC Market report cover?





North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



What are the significant types of Automotive TIC Market?





Testing, Inspection, Certification



What are the major end-use applications of the Automotive TIC Market?



Passenger Cars, Commercial Vehicles, Other



All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.


  1. INTRODUCTION

    1. MARKET DEFINITION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMELINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. AUTOMOTIVE TIC MARKET BY APPLICATION

    3. AUTOMOTIVE TIC MARKET BY TYPES



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR AUTOMOTIVE TIC 



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGULATIONS

      2. HIGH COST OF MATERIALS



    3. OPPORTUNITIES

      1. AUTOMOTIVE TIC GROWTH

      2. APPLICATION OF AUTOMOTIVE TIC 



    4. IMPACT OF COVID 19



  5. AUTOMOTIVE TIC MARKET, BY APPLICATION

    1. INTRODUCTION

    2. PASSENGER CARS

    3. COMMERCIAL VEHICLES

    4. OTHERS



  6. AUTOMOTIVE TIC MARKET, BY TYPES

    1. INTRODUCTION

    2. TESTING

    3. INSPECTION

    4. CERTIFICATION

    5. OTHERS



  7. AUTOMOTIVE TIC MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. Dekra Se

      2. TUV SUD Group

      3. Applus Services S.A.

      4. SGS Group

      5. TUV Nord Group

      6. TUV Rheinland AG Group

      7. Bureau Veritas S.A.

      8. Intertek Group PLC

      9. Eurofins Scientific, and Element Materials Technology.





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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