The Global Automotive TIC market research report is shaped with a pleasant blend of industry knowledge, keen arrangements, functional arrangements and most up to date innovation to give better client experience. Under market division, research and examination is done dependent on a few market and industry portions, for example, application, vertical, arrangement model, end client, and geology profoundly abridges top sellers of the market and shows how they take part in the business. The report gives present business procedures embraced by the most trustworthy and highly skilled players in the market. This analysis causes them to fortify their positions and upgrade their offer in the market.
The Global Automotive TIC Market is expected to reach USD 31.6 billion by 2025, from USD 18.11 billion in 2017 growing at a CAGR of 7.2% during the forecast period of 2018 to 2025.
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Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global automotive TIC market
- Analyze and forecast automotive TIC market on the basis of service type, sourcing type, and application
- Trends of key regional and country-level markets for service type, sourcing type, and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
Key Market Competitors: Global Automotive TIC Market
The key players operating in the global automotive TIC market are –
- Applus Services SA
- Bureau Veritas SA
- Intertek Group PLC
- Eurofins Scientific
- SGS SA
The other players in the market are TUV Nord Group, Eurofins Scientific, ASTM International, Element Materials Technology, Lloyd’s Register Group Limited, Mistras Group, Inc, DNV GL Group AS, Rina S.P.A., Norges Elektriske Materiellkontroll, Dekra Certification GmbH, ALS Limited, BSI Group, SAI Global Limited, and UL LLC among other.
In, July, 2018, SGS SA invested in new accreditations, laboratory services, testing facilities and parameters which will hlp the company with latest development, capabilities and new service available.
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- Growth in automotive production worldwide
- Raising awareness about safety among consumers
- Stringent regulations and standards in automotive industry
- Varying regulations and standards across regions
- Time consuming for the overseas qualification test
Segmentation: Global Automotive TIC Market
By Service Type
- Testing Services
- Inspection Services
- Certification Services
- Other Services
By Sourcing Type
- Electrical Systems and Components
- Vehicle Inspection Services
- Homologation Testing
- Interior & Exterior Materials
- North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of MEA
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