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Automotive Testing, Inspection And Certification Market Analysis, Trends And Dynamic Demand By Forecast Report 2031 | SGS S.A., Bureau Veritas S.A., Intertek Group Plc., Dekra SE, TUV SUD, Applus Services S.A
Automotive Testing, Inspection and Certification Market
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The global automotive testing, inspection, and certification market report by the business research company identifies increase in automobile production to be a major growth driver for the automotive testing, inspection, and certification market. Automobiles refer to passenger vehicles with four wheels and an internal combustion gasoline or diesel engine, and are intended for use on public highways. Automotive testing, inspection, and certification help automobiles to be safe and strong and assist in proving the longevity of the engine or shocks. For instance, in March 2021, according to the Society of Indian Automobile Manufacturers, an India-based national body representing the Indian automobile industry, sales of commercial vehicles grew overall, rising from 5.7 million to 7.2 million units. From April 2021 to March 2022, compared to the prior year, sales of medium and heavy commercial vehicles climbed from 1.6 million to 2.4 million units, and sales of light commercial vehicles increased from 4 million to 4.8 million units.
The global automotive testing, inspection, and certification market size is expected to grow from $19.8 billion in 2021 to $20.34 billion in 2022 at a compound annual growth rate (CAGR) of 2.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The automotive testing, inspection, and certification market is expected to grow to $23.31 billion in 2026 at a CAGR of 3.5%.
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North America will be the largest region in the automotive testing, inspection, and certification market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive testing, inspection, and certification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the automotive testing, inspection, and certification market are SGS S.A., Bureau Veritas S.A., Intertek Group Plc., Dekra SE, TUV SUD, Applus Services S.A., TUV Rheinland Ag Group, Eurofins Scientific SE, MISTRAS Group Inc., Element Materials Technology, The British Standards Institution, TUV Nord Group, NSF International, RINA S.p.A., and ALS Limited.
The global automotive testing, inspection, and certification market is segmented -
1) By Service Type: Testing Services, Inspection Services, Certification Services, Other Services
2) By Sourcing Type: In-house, Outsourced
3) By Application: Electrical Systems and Components, Telematics, Interior and Exterior Materials and Components, Fluids and Lubricants, Vehicle Inspection Services, Homologation Testing, Other Applications
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The Automotive Testing, Inspection, And Certification Market Report Contents Include
1. Executive Summary
2. Automotive Testing, Inspection and Certification Market Characteristics
3. Automotive Testing, Inspection and Certification Market Trends And Strategies
4. Automotive Testing, Inspection and Certification Market - Macro Economic Scenario
5. Automotive Testing, Inspection and Certification Market Size And Growth
....
27. Automotive Testing, Inspection and Certification Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Testing, Inspection and Certification Market
29. Automotive Testing, Inspection and Certification Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the automotive testing, inspection, and certification market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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