Automotive TIC Market Will Reach USD 32.7 Billion by 2023: Meticulous Research®

Automotive TIC Market by Service Type (Testing, Inspection, Certification), Sourcing (In-house and Outsourcing), Application (Vehicle Inspection, Electric Components and Electronics, OEM Testing, Telematics) and Geography - Global Forecast to 2025

Automotive TIC market has shown strong growth pattern in recent year’s majorly due to increasing automotive production worldwide, consumer awareness about safety and environment awareness, and technological advancements. On the other hand, factors such as stringent trade policies, government and environmental regulations, high time required to perform overseas qualifications tests, and lack of skilled resources are restraining the growth of the market to some extent.

Meticulous Research® in its latest publication on Automotive TIC market states that the global Automotive TIC market will increase at a CAGR of 6.4% from 2019 to 2025 to reach USD 32.7 billion by 2025. Wherein, geographically, Asia Pacific commanded the largest share in this market followed by Europe. The major share of Asia Pacific is mainly attributed to strong support from the government to promote the development of automotive industry, rising focus of manufacturers to support innovation and strengthen their position in this region, and increasing investments/funds from the manufacturers and government in automotive industry.

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The report provides meticulous analysis of global Automotive TIC market by segmenting it on the basis of service (testing, inspection, and certification), sourcing (in-house and outsourcing), and application (telematics, vehicle inspection services, electrical components & electronics, electro mobility/electric vehicles, automotive fuels, fluids, and lubricants, interior & exterior materials and components, homologation testing, advanced driver assistance systems testing, durability testing, emission testing, acoustic testing, OEM testing, and others).

Wherein, among applications, Vehicle inspection services (VIS) segment commanded the largest share in this market majorly due to its key benefits such as monitoring vehicle damage throughout the supply chain, assessment of costs of repair for damaged vehicles, provide safe & reliable vehicles, improve quality, improve efficiency & safety, reduce environmental impact of road traffic, and reduce costs & delivery lead-times.

The key players analyzed in the global Automotive TIC market are Dekra Se, SGS, Applus, Eurofins Scientific, TUV Rheinland AG Group, TUV SUD SGS, Bureau Veritas, TÜV NORD Group, and Element Materials Technology.

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Key Topics Covered in This Report:
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.3.1. Currency
1.3.2. Limitations
1.4. Key Stakeholders

2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation

3. Executive Summary
3.1. Introduction

4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Increasing Automotive Production Worldwide
4.2.2. Consumer Awareness about Safety and Environment
4.2.3. Technological Advancements in Automotive Industry
4.3. Restraints
4.3.1. Stringent Trade Policies and Regulations
4.3.2. High Time Required to Perform Overseas Qualification Tests
4.3.3. Lack of Skilled Resources
4.3.4. Government and Environmental Regulation
4.4. Opportunities
4.4.1. New Opportunity for Small Scale and Mid-Sized Businesses
4.5. Trends
4.5.1. Increasing Outsourcing of TIC Services

5. Global Automotive Testing, Inspection, and Certification Market , by Service Type
5.1. Introduction
5.2. Testing
5.3. Inspection
5.4. Certification

6. Global Automotive Testing, Inspection, and Certification Market , by Sourcing Type
6.1. Introduction
6.2. In-House
6.3. Outsourcing

7. Global Automotive Testing, Inspection, and Certification Market , by Application
7.1. Introduction
7.2. Vehicle Inspection Services (VIS)
7.3. Electrical Components and Electronics (ECE)
7.4. Interior & Exterior Materials and Components
7.5. Electro Mobility/Electric Vehicles (EM/EV)
7.6. Automotive Fuels, Fluids, and Lubricants
7.7. Homologation Testing (HT)
7.8. Advanced Driver Assistance Systems (ADAS) Testing
7.9. Durability Testing
7.10. OEM Testing
7.11. Telematics
7.12. Emission Testing
7.13. Acoustic Testing
7.14. Others

8. Automotive Testing, Inspection, and Certification Market , by Geography
8.1. Introduction
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.3. Europe
8.3.1. Germany
8.3.2. U.K
8.3.3. France
8.3.4. Italy
8.3.5. Spain
8.3.6. Rest of Europe
8.4. Asia-Pacific
8.4.1. China
8.4.2. Japan
8.4.3. South Korea
8.4.4. India
8.4.5. Rest of Asia-Pacific
8.5. Latin America
8.6. Middle East & Africa (MEA)

9. Competitive Landscape
9.1. Introduction
9.1.1. Acquisitions
9.1.2. Collaborations, Partnerships, and Agreements
9.1.3. New Service and New Product Launches
9.1.4. Expansions

10. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
10.1. DEKRA SE
10.2. TUV SUD Group
10.3. Applus Services S.A.
10.4. SGS Group
10.6. TUV Rheinland Ag Group
10.7. Bureau Veritas S.A.
10.8. Intertek Group Plc
10.9. Eurofins Scientific
10.10. Element Materials Technology

11. Appendix
11.1. Questionnaire
11.2. Available Customization

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