The Automotive Testing Inspection and Certification (TIC) Market to 2027 highlights the key growth strategies adopted by the leading players of the Automotive Testing Inspection and Certification (TIC) industry in the competitive landscape, including their key developments and profile. The study evaluates current trends and analyses drivers, restraints, and opportunities during the forecast period. The Automotive Testing Inspection and Certification (TIC) Market is anticipated to witness decent growth in the coming years.
Rising pollution levels owing to the unprecedented growth of vehicular population has forced the regulatory authorities to lay down stringent vehicular emission regulations. The emergence of electric vehicles as well as autonomous vehicles has enabled the growth in the automotive sector. Electric vehicles have helped the automotive OEMs to meet the stringent vehicle emission regulations. The rising vehicular pollution propels the need for testing, inspection and certification of the automobiles for ensuring regulatory compliances. An enhanced focus on the quality control for automotive manufacturing operations as well as additional safety and testing measures have increased in the recent times.
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Leading companies profiled in the report include: DEKRA SE, Applus Services S.A, Bureau Veritas S.A, Element Materials Technology, Eurofins Scientific, Intertek Group PLC, Lloyd’s Register Group Limited, Mistras Group, SGS Group, TUV SUD Group.
The report includes details such as financial overview, product/ services offered, notable developments, and SWOT analysis for each of these companies.
Growing demand for enhanced safety and comfort coupled with the need to curb the vehicular pollution levels and the rise in electronic automotive integrations by the automotive sector are anticipated to be the major driving factors for the automotive testing inspection and certification market. Lack of technological awareness would pose a challenge to the growth of the automotive testing inspection and certification market. Advanced technological integrations coupled with the growing investments by the automotive giants worldwide would provide significant opportunities to the players operating in the automotive testing inspection and certification market.
The automotive and transportation industry is witnessing advancements on a continuous scale. Technological innovations and urbanization are key drivers propelling the growth of this sector. The development of Automotive Testing Inspection and Certification (TIC) are expected to drive in the market in the future. Automotive Testing Inspection and Certification (TIC) is further likely to prove revolutionary for the automotive and transportation industry.
The global automotive testing inspection and certification market is segmented on the basis of service type, sourcing type, and application. Based on service type, the automotive testing inspection and certification market is segmented into testing, inspection, and certification. The automotive testing inspection and certification market on the basis of sourcing type is classified into house and outsourced. The automotive testing inspection and certification market on the basis of application is segmented into vehicle inspection services, telematics, electrical systems and components, and others.
The report offers an extensive pool of market data covering market sizes, revenue forecasts, value chain, product trends, and price trends that serve as a blueprint for businesses.
The Automotive Testing Inspection and Certification (TIC) Market is segmented based on a, b, and c. The report provides exhaustive PEST analysis for five major regions, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South & Central America (S&CAM). The report covers forecasts of 18 major countries along with existing trends and opportunities within these regions.
The report acknowledges following key Elements:
- Automotive Testing Inspection and Certification (TIC) Market size and growth rate in the forecast period.
- Key market trends affecting the Automotive Testing Inspection and Certification (TIC) Market.
- Drivers and challenges to market growth.
- SWOT analysis of the existing vendors in the Global Automotive Testing Inspection and Certification (TIC) Market.
- Market initiatives by the leading vendors.
- PEST analysis across five major regions.
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