“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%
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FEATURED COMPANIES
- AECOM
- ASTM International
- DEKRA SE
- Eurofins Scientific
- MISTRAS Grou. Inc
- RINA S.p.A
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%.
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.
The Global Automotive Technical Inspection & Certification Services Market is segmented based on Services Type, Sourcing Type, Application, and Geography.
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.
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.
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.
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
- Bertrandt launches its own ball impact testing device which, will enable customers to perform independent testing of interior components impact resistance. - 28Th January 2021.
- 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
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- AECOM
- ASTM International
- DEKRA SE
- Eurofins Scientific
- MISTRAS Grou. Inc
- RINA S.p.A
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Proprietary Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Growing Automotive Sector and Outsourcing Of TIC Services
4.1.2 Rising Incidences Of A Vehicle Recall
4.1.3 Increasing Awareness Of Safety and Product Quality
4.1.4 Strict Government Regulatory Standards On The Automotive Sector
4.2 Restraints
4.2.1 Varying Government Rules and Regulations Across The World
4.3 Opportunities
4.3.1 Increasing E-Commerce and Import & Export Of The Automotive
4.3.2 Continuous Innovations Through R & D
4.4 Challenges
4.4.1 Time Consumption For Testing and Inspecting
4.4.2 Cybercrimes Exploit Security Threats
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Automotive Technical Inspection & Certification Services Market, By Service Type
6.1 Introduction
6.2 Inspection
6.3 Certification
6.4 Others
7 Global Automotive Technical Inspection & Certification Services Market, By Sourcing Type
7.1 Introduction
7.2 Outsourcing
7.3 In-house sourcing
8 Global Automotive Technical Inspection & Certification Services Market, By Application
8.1 Introduction
8.2 Vehicle Inspection Service
8.3 Electrical Components and Electronics
8.4 Homologation Testing
8.5 Others
9 Global Automotive Technical Inspection & Certification Services Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 South America
9.3.1 Brazil
9.3.2 Argentina
9.3.3 Chile
9.3.4 Colombia
9.4 Europe
9.4.1 UK
9.4.2 France
9.4.3 Germany
9.4.4 Italy
9.4.5 Spain
9.4.6 Netherlands
9.4.7 Sweden
9.4.8 Russia
9.4.9 Rest of Europe
9.5 Asia-Pacific
9.5.1 China
9.5.2 Japan
9.5.3 India
9.5.4 Indonesia
9.5.5 Malaysia
9.5.6 South Korea
9.5.7 Australia
9.5.8 Sri Lanka
9.5.9 Thailand
9.5.10 Rest of APAC
9.6 Middle-East and Africa
9.6.1 Qatar
9.6.2 Saudi Arabia
9.6.3 South Africa
9.6.4 United Arab Emirates
10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements
11 Company Profiles
11.1 DEKRA SE
11.2 AECOM
11.3 APPLUS+
11.4 ASTM International
11.5 British Standards Institution
11.6 Bureau Veritas S.A.
11.7 DNV GL Group AS
11.8 Element Materials Technology
11.9 EQS - Engineering, Quality and Safety
11.10 Eurofins Scientific
11.11 Intertek Group plc
11.12 Lloyd’s Register Group Limited
11.13 MISTRAS Group, Inc
11.14 Norges Elektriske Materiellkontroll
11.15 NSF International
11.16 RINA S.p.A
11.17 SGS GROUP
11.18 TÜV Nord Group
11.19 TÜV Rheinland Group
11.20 TÜV SÜD Group
11.21 UL LLC
12 Appendix
12.1 Questionnaire
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Proprietary Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Growing Automotive Sector and Outsourcing Of TIC Services
4.1.2 Rising Incidences Of A Vehicle Recall
4.1.3 Increasing Awareness Of Safety and Product Quality
4.1.4 Strict Government Regulatory Standards On The Automotive Sector
4.2 Restraints
4.2.1 Varying Government Rules and Regulations Across The World
4.3 Opportunities
4.3.1 Increasing E-Commerce and Import & Export Of The Automotive
4.3.2 Continuous Innovations Through R & D
4.4 Challenges
4.4.1 Time Consumption For Testing and Inspecting
4.4.2 Cybercrimes Exploit Security Threats
4.5 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Automotive Technical Inspection & Certification Services Market, By Service Type
6.1 Introduction
6.2 Inspection
6.3 Certification
6.4 Others
7 Global Automotive Technical Inspection & Certification Services Market, By Sourcing Type
7.1 Introduction
7.2 Outsourcing
7.3 In-house sourcing
8 Global Automotive Technical Inspection & Certification Services Market, By Application
8.1 Introduction
8.2 Vehicle Inspection Service
8.3 Electrical Components and Electronics
8.4 Homologation Testing
8.5 Others
9 Global Automotive Technical Inspection & Certification Services Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 South America
9.3.1 Brazil
9.3.2 Argentina
9.3.3 Chile
9.3.4 Colombia
9.4 Europe
9.4.1 UK
9.4.2 France
9.4.3 Germany
9.4.4 Italy
9.4.5 Spain
9.4.6 Netherlands
9.4.7 Sweden
9.4.8 Russia
9.4.9 Rest of Europe
9.5 Asia-Pacific
9.5.1 China
9.5.2 Japan
9.5.3 India
9.5.4 Indonesia
9.5.5 Malaysia
9.5.6 South Korea
9.5.7 Australia
9.5.8 Sri Lanka
9.5.9 Thailand
9.5.10 Rest of APAC
9.6 Middle-East and Africa
9.6.1 Qatar
9.6.2 Saudi Arabia
9.6.3 South Africa
9.6.4 United Arab Emirates
10 Competitive Landscape
10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1 M&A and Investments
10.3.2 Partnerships and Collaborations
10.3.3 Product Developments and Improvements
11 Company Profiles
11.1 DEKRA SE
11.2 AECOM
11.3 APPLUS+
11.4 ASTM International
11.5 British Standards Institution
11.6 Bureau Veritas S.A.
11.7 DNV GL Group AS
11.8 Element Materials Technology
11.9 EQS - Engineering, Quality and Safety
11.10 Eurofins Scientific
11.11 Intertek Group plc
11.12 Lloyd’s Register Group Limited
11.13 MISTRAS Group, Inc
11.14 Norges Elektriske Materiellkontroll
11.15 NSF International
11.16 RINA S.p.A
11.17 SGS GROUP
11.18 TÜV Nord Group
11.19 TÜV Rheinland Group
11.20 TÜV SÜD Group
11.21 UL LLC
12 Appendix
12.1 Questionnaire
Note: Product cover images may vary from those shown
- DEKRA SE
- AECOM
- APPLUS+
- ASTM International
- British Standards Institution
- Bureau Veritas S.A.
- DNV GL Group AS
- Element Materials Technology
- EQS - Engineerin. Quality and Safety
- Eurofins Scientific
- Intertek Group plc
- Lloyd’s Register Group Limited
- MISTRAS Grou. Inc
- Norges Elektriske Materiellkontroll
- NSF International
- RINA S.p.A
- SGS GROUP
- TÜV Nord Group
- TÜV Rheinland Group
- TÜV SÜD Group
- UL LLC
Note: Product cover images may vary from those shown
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