Category

Automotive Testing Inspection And Certification Market – Forecast From 2018 To 2023

114 pages
Published on : May 2019
Report Code : KSI061611657

Description

The automotive testing inspection and certification market is projected to grow at a CAGR of 9.12% to reach US$32.330 billion by 2023, from US$19.149 billion in 2017. The automotive manufacturers are increasingly focusing on installing components and use materials that improve the overall functionality and reduces the weight of the vehicle. The new material requires undergoing stringent testing mechanism in order to ensure safety of the passengers, which is significantly driving the automotive testing inspection and certification (TIC) market. Moreover, the growing competition in the industry is resulting in firms opting for strategies that enable them to reduce the development time of the product and are increasingly outsourcing the TIC services.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the automotive testing inspection and certification value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the automotive testing inspection and certification market.

Major industry players profiled as part of the report are Bureau Veritas S.A, SGS SA, DNG VL, TUV SUD, and Intertek Group plc among others.

Segmentation

The automotive testing inspection and certification market has been analyzed through following segments:

By Service

Testing

Inspection

Certification

 

By Sourcing

Outsourced

In-house

 

By Application

Telematics

Electrical Systems and Components

Interior & Exterior Material

Homologation Testing

Others

 

By Geography

North America

USA

Canada

Mexico

Others

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

India

Others

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