Press release
Automotive TIC Market 2018: With Top Players Like Eurofins, SGS, MISTRAS Group, Inc., SAI Global, ASTM International, Element Materials Technology, TÜV NORD GROUP, Applus+, Bureau Veritas, UL, BSI, RINA, Lloyd's Register, Intertek
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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Global Automotive TIC Market, By Service Type (Testing Services, Inspection Services, Certification Services, Other Services), Sourcing Type (In-House, Outsourced), Application (Electrical Systems and Components, Telematics, Vehicle Inspection Services, Homologation Testing, Interior & Exterior Materials, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa).– Industry Trends and Forecast to 2025
Complete report on Global Automotive TIC Market Research Report 2018-2025 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Automotive TIC Market
Automotive TIC validates the test and inspection results against the standard set by the government, international standardization and other. Currently, it is widely used by the manufacturer to show that their products are manufactured according to the government standardization and regulations. It also helps the manufacturer to improve the marketability of their products. According to Statista, the consumer electronic segment amounts to USD 301,311 million in 2018. Most of the revenue is generated from China.
According to the International Council on Clean Transportation, new car registration in EU increased to 14.60 million in 2016. The strongest growth took place in the sports utility vehicle segment that is about 3.7 million new cars were SUVs. Thus the above factor proves the automotive industry is growing and will derive the demand of Automotive TIC.
Top Key Players:
• Applus Services SA
• Bureau Veritas SA
• Intertek Group PLC
• Eurofins Scientific
• SGS SA
• 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
• UL LLC
• among other.
Key Reasons to Purchase:
• To gain insightful analyses of the market and have comprehensive understanding of the Global Automotive TIC Market and its commercial landscape.
• Assess the Automotive TIC production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the Automotive TIC Market and its impact in the Global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for Global Automotive TIC Market.
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Key Questions Answered in Global Automotive TIC Market Report:-
Our Report offers:-
• What will the market growth rate, Overview and Analysis by Type of Global Automotive TIC Market in 2025?
• What are the key factors driving, Analysis by Applications and Countries Global Automotive TIC Market?
• What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Automotive TIC Market?
• Who are Opportunities, Risk and Driving Force of Global Automotive TIC Market?
• Who are the opportunities and threats faced by the vendors in Global Automotive TIC Market? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the Global Automotive TIC Market opportunities, market risk and market overview of the Market?
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Market Drivers:
• Growth in automotive production worldwide
• Raising awareness about safety among consumers
• Stringent regulations and standards in automotive industry
Market Restraint:
• Varying regulations and standards across regions
• Time consuming for the overseas qualification test
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 the Automotive TIC market on the basis of type, application, end user industry.
• Trends of key regional and country-level markets for type, application, end user industry.
• Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.
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Customize report of "Global Automotive TIC Market" as per customers requirement also available.
Market Segmentations:
Global Automotive TIC Market is segmented on the basis of
• Service Type
• Sourcing Type
• Application
• Geography
Market Segmentations in Details:
By Service Type
• Testing Services
• Inspection Services
• Certification Services
• Other Services
By Sourcing Type
• In-House
• Outsourced
By Application
• Electrical Systems and Components
• Telematics
• Vehicle Inspection Services
• Homologation Testing
• Interior & Exterior Materials
• Others
By Geography
Asia Pacific
• China
• South Korea
• Japan
• India
• Australia
• Singapore
• Thailand
• Indonesia
• Malaysia
• Philippines
• Rest of Asia-Pacific
North America
• US
• Canada
• Mexico
Europe
• Russia
• Turkey
• Belgium
• Netherlands
• Switzerland
• Spain
• France
• Germany
• Italy
• UK
• Rest of Europe
South America
• Brazil
• Rest of south America
Middle East & Africa
• South Africa
• Rest of MEA
Competitive Landscape: Global Automotive TIC Market
The global automotive TIC market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Automotive TIC market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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