Automotive Testing, Inspection and Certification (TIC) Market report is very indispensable in many ways for business growth and to thrive in the market. Getting well-versed about the trends and opportunities in the industry is fairly time consuming process. Nonetheless, this global market research report solves this problem very quickly and easily. Clients can unearth the best opportunities to be successful in the market with an excellent practice models and method of research used while formulating this market report. The winning Automotive Testing, Inspection and Certification (TIC) Market business report offers a list of key competitors with the required specifications and also provides the strategic insights and analysis of the key factors influencing the industry.
Every topic of the world class Automotive Testing, Inspection and Certification (TIC) Market report is studied very wisely to acquire a clear idea about all the factors that are influencing the market growth and Automotive Testing, Inspection and Certification (TIC) Market industry. When any business seek to lead the market or make a mark in the market as a fresh emergent, market research report is always central. Being an extensive global market research report, it also identifies, analyses, and estimates the emerging trends along with major drivers, challenges and opportunities in the Automotive Testing, Inspection and Certification (TIC) Market industry along with the analysis of retailers, geographical regions, types, and applications.
The automotive testing, inspection, and certification (TIC) refers to a set of processes and activities that ensure the safety, quality, performance, and compliance of vehicles and automotive components with relevant regulations, standards, and specifications. These services are critical to the automotive industry to verify that vehicles and their components meet specific requirements and are safe for use on the road.
Data Bridge Market Research analyses that the global automotive testing, inspection and certification (TIC) market which was U.S.D 19.80 million in 2022, is expected to reach U.S.D 35.6 million by 2030, and is expected to undergo a CAGR of 8.22% during the forecast period of 2023 to 2030. Service type segment is dominates because service involves checking vehicles for compliance with emissions standards, safety regulations, and overall roadworthiness. It is essential to ensure that vehicles on the road meet environmental and safety standards. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Explore Further Details about This Research Automotive Testing, Inspection and Certification (TIC) Market Report https://www.databridgemarketresearch.com/reports/global-automotive-tic-market
| REPORT METRIC | DETAILS |
| Forecast Period | 2023 to 2030 |
| Base Year | 2022 |
| Historic Years | 2021 (Customizable to 2015-2020) |
| Quantitative Units | Revenue in U.S.D Million, Volumes in Units, Pricing in U.S.D |
| Segments Covered | Service Type (Testing Services, Inspection Services, Certification Services, Other), Sourcing Type (In-House, Outsourced), Application (Electrical Systems and Components, Telematics, Vehicle Inspection Services, Homologation Testing, Interior and Exterior Materials, Others) |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
| Market Players Covered | SGS S.A. (Switzerland), Bureau Veritas S.A. (France), Intertek Group Plc. (U.K.), Dekra SE (Germany), TÜV SÜD (Germany), TÜV Rheinland Ag Group (U.S.), DNV GL (Norway), British Standards Institution (BSI) (U.K.), Norges Elektriske Materiellkontroll (NEMKO) (Norway), Eurofins Scientific SE (Luxembourg), Applus+ (Spain), TÜV Nord Group (Germany), Mistras Group (U.S.), Lloyd’s Register Group Limited (U.K.), and Element Materials Technology Ltd. (U.K.), among others |
| Market Opportunities |
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Market Definition
The process of ensuring that a vehicle or component meets all applicable safety and performance requirements is referred to as "automotive testing, inspection, and certification" (TIC). Crash testing, noise vibration and harshness (NVH) testing, corrosion resistance testing, and emissions certification are all examples of TIC tests and inspections. The goal of TIC is to protect driver and passenger safety while also ensuring that vehicles meet environmental standards.
Global Automotive Testing, Inspection and Certification (TIC) Market
Drivers
- Imposition of Various Regulations and Safety Standards
The global automotive industry is governed by a variety of government regulations concerning passenger safety and environmental concerns. These regulations/standards have a direct impact on and influence the design of vehicle components. Strict government regulations require automakers to include safety features such as seatbelts, airbags, and crumple zones in their vehicles. Tariffs and other trade barriers are imposed by major regulatory bodies to penalise and discourage manufacturers from violating emission and safety standards. This compels automakers to create more fuel-efficient vehicles with lower emissions while also including safety features such as anti-skid braking systems (ABS), electronic brake-force distribution (EBD), airbags, and emission control systems such as catalytic converters with turbochargers and exhaust gas recirculation (EGR) systems.
- Expansion of Automotive Industries in Developing Regions
Throughout the last decade, the automotive market in developed countries has remained stable and consistent in terms of production rate. In comparison, several emerging markets, particularly in the Asia Pacific region, have more than doubled their market size in recent years. As the automotive industry shifts away from mature markets and toward emerging markets, emerging markets are expected to hold the key to the modern-day automotive industry's consistent growth. In the early 2000s, emerging economies accounted for only one-fourth of total global automotive production, but by 2015, they accounted for more than half. This indicates that the automobile industry has experienced consistent growth, particularly in emerging economies.
Opportunity
- High Penetration of Electric and Hybrid Vehicles
Rising adoption of electric and hybrid vehicles, and government mandates for periodic technical inspection (PTI) of vehicles, are creating ample opportunities for the growth of the automotive testing inspection and certification (TIC) market during the forecast period.
Key Influence of this Market:
- Comprehensive assessment of all opportunities and risk in this Automotive Testing, Inspection and Certification (TIC) Market
- This Automotive Testing, Inspection and Certification (TIC) Market recent innovations and major events
- Detailed study of business strategies for growth of the this Market-leading players
- Conclusive study about the growth plot of the Automotive Testing, Inspection and Certification (TIC) Market for forthcoming years
- In-depth understanding of this Automotive Testing, Inspection and Certification (TIC) Market particular drivers, constraints and major micro markets
- Favourable impression inside vital technological and market latest trends striking this Market
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
Why choose Data Bridge Market Research?
- Modern technologies, such as artificial intelligence, to provide updated industry growth.
- DBMR team provides clients with the top notch Automotive Testing, Inspection and Certification (TIC) Market research report.
- Interaction with research scientists and development heads to understand the nature of the Automotive Testing, Inspection and Certification (TIC) Market more precisely.
- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Automotive Testing, Inspection and Certification (TIC) Market size
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