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Automotive TIC Market Will Reach USD 32.7 Billion by 2023 -Survey and Trend Research 2019-2023

07-18-2019 09:16 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Meticulous Research®

Automotive TIC Market Will Reach USD 32.7 Billion by 2023 -Survey

Automotive TIC market has shown strong growth pattern in recent year’s majorly due to increasing automotive production worldwide, consumer awareness about safety and environment awareness, and technological advancements. On the other hand, factors such as stringent trade policies, government and environmental regulations, high time required to perform overseas qualifications tests, and lack of skilled resources are restraining the growth of the market to some extent.

Meticulous Research® in its latest publication on Automotive TIC market states that the global Automotive TIC market will increase at a CAGR of 6.4% from 2019 to 2025 to reach USD 32.7 billion by 2025. Wherein, geographically, Asia Pacific commanded the largest share in this market followed by Europe. The major share of Asia Pacific is mainly attributed to strong support from the government to promote the development of automotive industry, rising focus of manufacturers to support innovation and strengthen their position in this region, and increasing investments/funds from the manufacturers and government in automotive industry.

Browse in-depth Report on https://www.meticulousresearch.com/product/automotive-tic-market-4977/

The report provides meticulous analysis of global Automotive TIC market by segmenting it on the basis of service (testing, inspection, and certification), sourcing (in-house and outsourcing), and application (telematics, vehicle inspection services, electrical components & electronics, electro mobility/electric vehicles, automotive fuels, fluids, and lubricants, interior & exterior materials and components, homologation testing, advanced driver assistance systems testing, durability testing, emission testing, acoustic testing, OEM testing, and others).

Download free sample report and gain crucial industry insights @ https://www.meticulousresearch.com/download-sample-report/cp_id=4977

Wherein, among applications, Vehicle inspection services (VIS) segment commanded the largest share in this market majorly due to its key benefits such as monitoring vehicle damage throughout the supply chain, assessment of costs of repair for damaged vehicles, provide safe & reliable vehicles, improve quality, improve efficiency & safety, reduce environmental impact of road traffic, and reduce costs & delivery lead-times.

The key players analyzed in the global Automotive TIC market are Dekra Se, SGS, Applus, Eurofins Scientific, TUV Rheinland AG Group, TUV SUD SGS, Bureau Veritas, TÜV NORD Group, and Element Materials Technology.

Here are Top 10 companies in automotive TIC
https://meticulousblog.org/top-10-companies-in-automotive-tic-market/

Contact –
Meticulous Market Research Pvt. Ltd.
sales@meticulousresearch.com
Direct Lines: +1-646-781-8004
+91 744-7780008

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

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