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Automotive TIC Market 2022 Size, Share, Industry Trends, Future Development, Outlook, Growth Analysis and 2029 Forecast

01-25-2022 09:50 AM CET | Logistics & Transport

Press release from: Fortune Business Insights

The global automotive TIC market size is expected to gain momentum due to the increasing demand for safety and quality in vehicles during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Automotive TIC Market, 2021-2028.” The increasing automobile production, outsourcing TIC services, strict regulatory standards, automotive electronics adoption to maintain passenger and vehicle safety, and consumer awareness of product quality are major factors contributing to the market's growth.

Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/automotive-tic-market-103592

List of Key Players Profiled in the Global Market for Automotive TIC:

Bureau Veritas S.A.
TUV Nord Group
Dekra SE
Mistras Group
Element Materials Technology
British Standards Institution
Norges Elektriske Materiellkontroll

Increasing Government Regulations to Stimulate Growth

The global automotive TIC market growth is expected to grow due to the rising environmental concerns during the projected period. Various regulatory rules pertaining to passenger safety and environmental issues apply to the automotive industry. These standards have a direct impact on and influence on the design of vehicle components. Major regulatory organizations employ tariffs and other trade barriers to punish and warn firms who violate pollution and safety standards, such as by continuing to utilize defective equipment.

Request Customization of this Report@ https://www.fortunebusinessinsights.com/enquiry/customization/automotive-tic-market-103592

Increasing Investment Opportunities to Promote Growth in Asia Pacific

Asia Pacific is expected to hold the largest global automotive TIC market share during the forecast period. The growth of indigenous industries, which leads to an increase in exports, strict standards, demanding standards, and growing urbanization in emerging countries such as China, have become appealing destinations.

Europe is expected to have a sizable share of the market. The market is expected to be driven by the continued development of vehicle-to-vehicle, vehicle-to-infrastructure, and in-vehicle entertainment technologies. Because of the existence of major vehicle manufacturing businesses, Europe is an essential hub for the automotive industry.

Automotive TIC Market Segmentation:

By Service Type

Testing
Inspection
Certification

By Vehicle Type

Passenger Cars
Commercial Vehicles

By Geography

North America (USA, Canada, and Mexico)
Europe (Germany, France, U.K., and Rest of Europe)
Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)
Rest of the World

Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/automotive-tic-market-103592

Industry Development-

BuJuly 2019: Applus+ Automotive division in the United States was awarded four contract renewals for statutory vehicle inspections. Applus+'s position as a strong player in the US market is strengthened by these contracts, demonstrating the company's commitment to providing governments, manufacturers, and traders with the best solutions for improving vehicle safety and lowering harmful vehicle emissions.

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

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