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Automotive Testing Inspection and Certification (TIC) Market Latest Innovation, Upcoming Trends, Top Companies, Growth, Regional Analysis and Forecast by 2029.

Submitted by Simran4you on Tue, 06/27/2023 - 06:48

Data Bridge Market Research has unveiled a new report called "Automotive Testing Inspection and Certification (TIC) Market" which provides an in-depth exploration of growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and the competitive landscape. The "Automotive Testing Inspection and Certification (TIC) Market" marketing report offers an in-depth investigation of the market driving factors, opportunities, restraints, and challenges for obtaining crucial insight of the market. Such a brilliant report has been prepared by a team of enthusiastic analysts, skilled researchers, and experienced forecasters who work meticulously for the same. The wide-ranging market research report presents intelligent solutions to versatile business challenges and instigates an effortless decision-making process.

Data Bridge Market Research analyses that the automotive testing inspection and certification (TIC) market which was growing at a value of 17.85 billion in 2021 and is expected to reach the value of USD 33.54 billion by 2029, at a CAGR of 8.20% during the forecast period of 2022-2029. 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.

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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.

Some of the major players operating in the automotive testing inspection and certification (TIC) market are:

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.)
Element Materials Technology Ltd.(U.K.)

Global Automotive Testing Inspection and Certification (TIC) Market Scope

The automotive testing inspection and certification (TIC) market is segmented on the basis of service type, sourcing type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Service type
Testing Services
Inspection Services
Certification Services

Sourcing type

Electrical Systems and Components
Vehicle Inspection Services
Homologation Testing
Interior and Exterior Materials

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Automotive Testing Inspection and Certification (TIC) Market Regional Analysis/Insights

The automotive testing inspection and certification (TIC) market is analysed and market size insights and trends are provided by country, service type, sourcing type and application as referenced above.

The countries covered in the automotive testing inspection and certification (TIC) market report are 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.

Asia-Pacific dominates the automotive testing inspection and certification (TIC) market because of the easy availability of automotive TIC services and the presence of major automotive manufacturers in the region.

North America is expected to experience the highest growth rate from 2022 to 2029, owing to an increase in demand for electric vehicles, favourable government policies, and an increase in vehicle recalls in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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