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Global TIC Services for Automotive Market to Witness a Pronounce Growth During 2024– Top Key players like DEKRA,TÜV SÜD Group,Applus Services,Inc.
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TIC Services for Automotive consists of conformity assessment bodies that provide services ranging from auditing and inspection, to testing, verification, quality assurance and certification.
The International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), international standard-setting bodies composed of representatives from various national standards organizations define the different testing, inspection and certification services in the international standard series ISO/IEC 17000:2004 Conformity assessment -- Vocabulary and general principles as:
• Testing: determination of one or more characteristics of an object of conformity assessment, according to a procedure.
• Inspection: examination of a product design, product, process or installation and determination of its conformity with specific requirements or, on the basis of professional judgement, with general requirements.
• Certification: third-party attestation related to products, processes, systems or persons.
Asia Pacific is expected to be the fastest-growing region for the automotive TIC market. This region has become a global focal point for investors looking to make large investments or expand business. Improving lifestyles and rising number of metro cities with steadily growing middle class populations have played a vital role in increasing the production and sale of vast range of vehicles in the APAC region.
According to this study, over the next five years the TIC Services for Automotive market will register a 6.4% CAGR in terms of revenue, the global market size will reach US$ 17300 million by 2024, from US$ 12700 million in 2019. In particular, this report presents the global revenue market share of key companies in TIC Services for Automotive business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
DEKRA
TÜV SÜD Group
Applus Services
Bureau Veritas
TÜV Rheinland Group
TÜV Nord Group
SGS Group
Intertek Group
Market Segment by Type, covers
Testing Service
Inspection Service
Market Segment by Applications, can be divided into
Passenger Vehicle
Commercial Vehicle
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Related Information:
North America TIC Services for Automotive Market Growth 2019-2024
United States TIC Services for Automotive Market Growth 2019-2024
Asia-Pacific TIC Services for Automotive Market Growth 2019-2024
Europe TIC Services for Automotive Market Growth 2019-2024
EMEA TIC Services for Automotive Market Growth 2019-2024
Global TIC Services for Automotive Market Growth 2019-2024
China TIC Services for Automotive Market Growth 2019-2024
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