Press release
Automotive TIC Market is Estimated to expand at a 7.2% CAGR by 2025 with top key players like Applus+, Bureau Veritas, UL, BSI, RINA, Lloyd's Register, Intertek, Eurofins, MISTRAS Group, Inc., SAI Global, ASTM International, Element Materials Technology
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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Top Key Players:
• Applus Services SA
• Bureau Veritas SA
• Intertek Group PLC
• Eurofins Scientific
• SGS
• 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.
Table of Contents:
1 Introduction
2 Research Methodologies
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Compliance in Automotive TIC Market
8 Automotive TIC Market, By Service
9 Automotive TIC Market, By Deployment Type
10 Automotive TIC Market, By Organization Size
11 Automotive TIC Market Analyses, By Vertical
12 Geographic Analyses
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
13 Competitive Landscapes
14 Detailed Company Profiles
15 Related Reports
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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
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.
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.
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
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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
What Reports Provides.
• Full in-depth analysis of the parent Automotive TIC market
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Important changes in Automotive TIC Industry dynamics
• Market share analysis
• Key strategies of major players In
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the Automotive TIC market.
Speak to Author of the report @ https://databridgemarketresearch.com/speak-to-analyst/?dbmr=global-automotive-tic-market
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Report Access: http://databridgemarketresearch.com/reports/global-innovation-management-market/
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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