Overview and Scope
Automotive testing inspection and certification refer to certifying automotive vehicles and their components as per the requirements of regulatory and statutory standards that help to check whether vehicles meet customer expectations and various statutory standards. These services are used to ensure the automotive product complies with automotive safety and quality standards.
Sizing and Forecast
The automotive testing, inspection and certification market size has grown steadily in recent years. It will grow from $20.58 billion in 2023 to $21.17 billion in 2024 at a compound annual growth rate (CAGR) of 2.8%. The growth in the historic period can be attributed to increasing complexity of automotive technologies, stringent government regulations for vehicle safety and emissions, globalization and expansion of automotive supply chains, growing consumer awareness and demand for quality and safety, increased automobile production.
The automotive testing, inspection and certification market size is expected to see steady growth in the next few years. It will grow to $24.03 billion in 2028 at a compound annual growth rate (CAGR) of 3.2%. The growth in the forecast period can be attributed to rising adoption of electric and hybrid vehicles, increasing focus on sustainable and eco-friendly certification processes., increasing complexity of automotive technologies, stringent regulatory landscape, growing demand for enhanced safety and comfort. Major trends in the forecast period include technological advancements in testing and inspection equipment, rise in demand for third-party testing and certification services, development of integrated and automated testing solutions, growing importance of data analytics in testing and inspection, shift towards virtual testing and simulation for efficiency and cost-effectiveness.
To access more details regarding this report, visit the link:
Segmentation & Regional Insights
The automotive testing, inspection and certification market covered in this report is segmented –
1) By Service Type: Testing Services, Inspection Services, Certification Services, Other Services
2) By Sourcing Type: In-house, Outsourced
3) By Application: Electrical Systems and Components, Telematics, Interior and Exterior Materials and Components, Fluids and Lubricants, Vehicle Inspection Services, Homologation Testing, Other Applications
North America was the largest region in the automotive testing inspection and certification market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive testing, inspection and certification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7378&type=smp
Major Driver Impacting Market Growth
An increase in automobile production is expected to propel the growth of the automotive testing inspection and certification market going forward. Automobiles refer to passenger vehicles with four wheels and an internal combustion gasoline or diesel engine, and are intended for use on public highways. Automotive testing, inspection, and certification help automobiles to be safe and strong and assist in proving the longevity of the engine or shocks. For instance, in March 2021, according to the Society of Indian Automobile Manufacturers, an India-based national body representing the Indian automobile industry, sales of commercial vehicles grew overall, rising from 5.7 million to 7.2 million units. From April 2021 to March 2022, compared to the prior year, sales of medium and heavy commercial vehicles climbed from 1.6 million to 2.4 million units, and sales of light commercial vehicles increased from 4 million to 4.8 million units. Furthermore, according to the Alliance for Automotive Innovation, a US-based trade association, automotive sales will increase by 14 million units in 2020. Therefore, the increase in automobile production is driving the growth of the automotive testing inspection and certification market.
Key Industry Players
Major companies operating in the automotive testing, inspection and certification market report are SGS SA, Bureau Veritas SA, Intertek Group plc, Dekra SE, Applus Services SA, Eurofins Scientific SE, MISTRAS Group Inc., Element Materials Technology, The British Standards Institution, TUV Nord Group, NSF International, RINA SpA, ALS Limited, DNV GL, Robert Bosch GmbH, Exova Group Limited, SAI Global Limited, Lloyd's Register Group Limited, Kiwa NV, National Technical Systems Inc., BSI Group, National Testing Service, Technischer Überwachungsverein Süd, Aerovate Certification B. V., Movon Corporation, Automotive Technology and Information Consulting Co. Ltd., 3M Company, Hager Group, Siemens AG, Mitsubishi Electric Corporation, NXP Semiconductors NV, Infineon Technologies AG, Continental AG, ZF Friedrichshafen AG, Magna International Inc., Delphi Automotive plc
The automotive testing, inspection and certification market report table of contents includes:
1. Executive Summary
2.Automotive Testing, Inspection and Certification Market Characteristics
3.Automotive Testing, Inspection and Certification Market Trends And Strategies
4.Automotive Testing, Inspection and Certification market analysis
5.Automotive Testing, Inspection and Certification Market Size And Growth
6.Automotive Testing, Inspection and Certification Segmentation
7.Automotive Testing, Inspection and Certification Regional And Country Analysis
.
.
.
27.Automotive Testing, Inspection and Certification Competitive Landscape And Company Profiles
28.Automotive Testing, Inspection and Certification Key Mergers And Acquisitions
29.Automotive Testing, Inspection and Certification Future Outlook and Potential Analysis
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
The Automotive Testing, Inspection and Certification (TIC) sector consists of conformity assessment bodies that provide services ranging from auditing and inspection, to testing, verification, quality assurance and certification.The rising number of accidents, increasing automation in vehicles, advanced and more sophisticated components and features of a vehicle, increasing pollution, these are factors due to which demand for vehicle tasting and inspection is increasing day by day.In 2017, Europe dominated the automotive testing, inspection, and certification market with 43.7% share, thanks to the presence of some of the world?s leading automotive manufacturers and a steadily expanding domestic automotive industry.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-automotive-testing-inspection-certification-2019-2024-114North America also accounts for a significant share in the global market owing to the well-established automotive sector.
In regions like Europe and North America, stringent rules for periodic vehicle inspection and testing are laid down so as to ensure the safety of human life.
These regulations are also key drivers for the automotive testing, inspection, and certification market in these regions.According to this study, over the next five years the Automotive Testing, Inspection, and Certification market will register a 5.4% CAGR in terms of revenue, the global market size will reach US$ 18200 million by 2024, from US$ 14000 million in 2019.
In particular, this report presents the global revenue market share of key companies in Automotive Testing, Inspection, and Certification business, shared in Chapter 3.This report presents a comprehensive overview, market shares and growth opportunities of Automotive Testing, Inspection, and Certification market by product type, application, key companies and key regions.This study considers the Automotive Testing, Inspection, and Certification value generated from the sales of the following segments:Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.TestingInspectionSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.Passenger CarsCommercial VehiclesThis report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaAustraliaEuropeGermanyFranceUKItalyRussiaSpainMiddle East & AfricaEgyptSouth AfricaIsraelTurkeyGCC CountriesThe report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in this report: Breakdown data in in Chapter 3.DEKRAT?V S?D GroupBureau VeritasApplus ServicesSGS GroupIntertek GroupT?V Rheinland GroupT?V Nord GroupResearch objectives:To study and analyze the global Automotive Testing, Inspection, and Certification market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.To understand the structure of Automotive Testing, Inspection, and Certification market by identifying its various subsegments.Focuses on the key global Automotive Testing, Inspection, and Certification players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Automotive Testing, Inspection, and Certification with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the size of Automotive Testing, Inspection, and Certification submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.Get the Complete Report & TOC @ https://www.grandresearchstore.com/automotive-and-transportation/global-automotive-testing-inspection-certification-2019-2024-114Table of content1 Scope of the Report1.1 Market Introduction1.2 Research Objectives1.3 Years Considered1.4 Market Research Methodology1.5 Economic Indicators1.6 Currency Considered2 Executive Summary2.1 World Market Overview2.1.1 Global Automotive Testing, Inspection, and Certification Market Size 2014–20242.1.2 Automotive Testing, Inspection, and Certification Market Size CAGR by Region2.2 Automotive Testing, Inspection, and Certification Segment by Type2.2.1 Testing2.2.2 Inspection2.2.3 Certification2.3 Automotive Testing, Inspection, and Certification Market Size by Type2.3.1 Global Automotive Testing, Inspection, and Certification Market Size Market Share by Type (2014–2019)2.3.2 Global Automotive Testing, Inspection, and Certification Market Size Growth Rate by Type (2014–2019)2.4 Automotive Testing, Inspection, and Certification Segment by ApplicationCONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
The statistical surveying report on the global Automotive Testing, Inspection, and Certification Market has been presented by using professional or expert knowledge through standard and modified research approaches and forecasts.
The yearly forecast and predication for the years 2020 to 2025 have been enclosed by the report along with comprehensive analysis for all market segments and regions.
The statistical data derived from authentic resources and assisted by industry experts.
It likewise assesses the market by evaluating market elements, including drivers, restraints, opportunities, threats, challenges, growth prospects, and other market elements.
The global automotive testing, inspection, and certification market report presents a complete research-based study of the industry including details such as company shares, forecast data, in-depth analysis and an outlook of the market on a worldwide platform.
For a thorough understanding, the report also offers market segmentation and regional analysis for the forecast period from 2020 to 2025.
