Global Automotive Technical Inspection & Certification Services Market (2021-2026) by Services Type, Sourcing Type, Application and Geography - Competitive Analysis, Impact of COVID-19, Ansoff Analysis

The Global Automotive Technical Inspection & Certification (TIC) Services Market is estimated to be worth USD 17.90 Billion in 2021 and is expected to reach USD 25 Billion by 2026, growing at a CAGR of 6.9%.

Market Dynamics

The rising automotive Sector, increasing demand for quality and safety products, increasing Government testing and inspection regulations, and surging adoption of outsourcing TIC services are driving the TIC services market. In addition, rising incidences of product recall and continuous technological advancement have surged the market growth. The increasing import-export of automotive and environmental focus initiatives are increasing the adoption of new inspection methods. However, stringent Government regulation across the globe is expected to hinder market growth.

Obligatory periodic testing of products and continuous automotive innovations are anticipated to provide lucrative opportunities to the market in the future.

Market Segmentation

The Global Automotive Technical Inspection & Certification Services Market is segmented based on Services Type, Sourcing Type, Application, and Geography.

• By Services Type, the market is classified as inspection, certification, and others. Amongst all, the inspection segment is estimated to hold the highest market share.
• By Sourcing Type, the market is classified as outsourcing and in-house sourcing. Amongst the two, the outsourcing segment is estimated to hold the highest market share during the forecast period.
• By Application, the market is classified as vehicle inspection service, electrical components and electronics, homologation testing, and others. Amongst all, the vehicle inspection service segment is estimated to hold the highest market share.
• By Geography, North America is projected to lead the market.

Recent Developments

1. Bertrandt launches its own ball impact testing device which, will enable customers to perform independent testing of interior components impact resistance. - 28Th January 2021.
2. Tech major Cognizant acquired Germany-based ESG Mobility, a digital automotive engineering R&D provider for connected, autonomous and electric vehicles. - 25th March 2021.

Company Profiles

Some of the companies covered in this report are Bureau Veritas S.A., Intertek Group plc, Eurofins Scientific, RINA S.p.A, Norges Elektriske Materiellkontroll, NSF International, Lloyd’s Register Group Limited, etc.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Automotive Technical Inspection & Certification Services Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.

The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel within the industry.

The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of COVID-19 on the market is also featured in the report.

The report also includes the regulatory scenario of the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules & regulations imposed on this sector across various geographies.

The report also contains the competitive analysis using Positioning Quadrants, the analyst's proprietary competitive positioning tool.

Report Highlights

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market