Press release
Japan Automotive Testing Inspection Certification Market Size, Industry Analysis, Business Outlook, and Growth Forecast by 2031 | SGS SA, Bureau Veritas, Intertek Group Plc, URS Products and Testing Pvt. Limited.
Japan Automotive Testing Inspection Certification Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Japan Automotive Testing Inspection Certification market from 2024 to 2031, and what is the market value expected to change by 2031?
The Japan Automotive TIC (testing, inspection, certification) Market reached around USD 2 billion in 2023 and is projected to witness lucrative growth by reaching up to USD 3 billion by 2031. The market is growing at a CAGR of 3.5% during the forecast period (2024-2031).
What is Japan Automotive Testing Inspection Certification Market?
The Japan automotive testing, inspection, and certification market involves the evaluation and validation of vehicles and automotive components to ensure compliance with safety, environmental, and performance standards. This market is driven by stringent regulations and safety standards set by the Japanese government, as well as growing consumer demand for reliable and high-quality vehicles. The rise of electric vehicles (EVs) and advancements in automotive technologies are also contributing to the demand for specialized testing and certification services. Additionally, the increasing focus on sustainability and the need for vehicles to meet emission standards are further shaping the market. As the automotive industry evolves, the importance of rigorous testing and certification processes remains paramount to ensure safety and compliance.
Growth Driver
The Growing Awareness Regarding Safety
In an era of increasing liberalization and globalization, consumer concerns regarding passenger safety and security have intensified. Particularly in Japan, a culture known for its high standards for safety and quality, there is a strong emphasis on ensuring that vehicles meet rigorous safety criteria. For instance, the Japan Used Motor Vehicle Exporters Association (JUMVEA) enforces stringent guidelines for its members, including mandatory inspections for used cars.
Key Players:
Profiles of some of the major players in the global Japan Automotive Testing Inspection Certification market, which include SGS SA, Bureau Veritas, Intertek Group Plc, URS Products and Testing Pvt. Limited, ICAT, TÜV Rheinland, Embitel, Sigma Test & Research Centre, AVL List GmbH and DEKRA.
Industry Development:
In 2023, Daihatsu, a subsidiary of Toyota, faced scrutiny for allegedly rigging a part of the door during side-collision safety tests on approximately 88,000 small cars sold under the Toyota brand. This incident raised concerns about the integrity of safety testing protocols.
In 2021, Nissan Motor Co., Ltd. collaborated with Waseda University to begin testing a newly developed recycling technique in Japan. This innovative method successfully recovers high-purity rare-earth compounds, which are essential for the production of magnets used in electrified vehicle motors, contributing to sustainability efforts in the automotive industry.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Japan Automotive Testing Inspection Certification market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Type: Autonomous and Connected Vehicles, Automotive Fluids, Electrical Components and Electronics, Electro Mobility / Electric Vehicles, Materials and Components - Composites, Plastics and Metals, Engine and Gears, Environmental Testing, System Testing, Crash Test, Others.
By Product: Engine Dynamo Meter, Wheel Alignment Tester, Chassis Dynamo Meter, Vehicle Emission Tester, Transmission Dynamometer, Others.
By Vertical: Passenger Vehicle, Commercial Vehicle.
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Key Features:
➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.
➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.
➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.
➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.
➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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