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Automotive TIC Market Size 2024: Global Share, Industry And Report Analysis By 2031 | Eurofins Scientific SE Intertek Group plc MISTRAS Group
Automotive TIC Market
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The increase in automobile production has been a key contributor to automotive TIC market growth. In the past decade, the demand for automobiles, including EVs, has exponentially increased with growing urbanization, increasing income levels, and the shifting preference of consumers to upgrade their vehicles among others. The demand has pushed automobile manufacturers to produce and test vehicles as per the highest level of quality and safety standards to fulfill regulatory requirements as well as consumer expectations, which is projected to positively influence the automotive TIC demand. For instance, according to the European Automobile Manufacturers Association (ACEA), in 2022, 85.4 million motor vehicles were produced around the globe, an increase of 5.7% compared to 2021. The production data comprises Greater China (32.0%) with an increase of 2.0% from 2017, Europe (19.0%) with a decrease of 4.0% from 2017, North America (17.0%) with a decrease of 1.0% from 2017, and South Asia (12.0%) with an increase of 3.0% from 2017.
full report of Automotive TIC Market available @ https://www.omrglobal.com/industry-reports/automotive-testing-inspection-and-certification-market
• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others
Global Automotive TIC Market Report Segment
By Service Type
• Testing
• Inspection
• Certification
By Vehicle Type
• Passenger Vehicle
• Commercial Vehicle
By Sourcing Type
• In-house
• Outsourced
Global Automotive TIC Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• The Middle East and Africa
The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global automotive TIC market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.
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