Press release
Germany Automotive Testing Inspection Certification Market: Trends Shaping Vehicle Safety & Quality By 2031 | Most Leading Companies - SGS SA, Intertek Group plc, Bureau Veritas S.A., DNV GL, Eurofins Scientific SE, TÜV Rheinland
The German Automotive TIC (testing, inspection, certification) market reached USD 7.11 billion in 2022 and is projected to witness lucrative growth by reaching up to USD USD 9.99 billion by 2031. The market is growing at a CAGR of 4.4% during the forecast period (2024-2031)German Automotive Testing Inspection Certification Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving market.
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Automotive Testing, Inspection, and Certification (TIC) refers to the processes ensuring that vehicles meet safety, quality, and regulatory standards before they reach consumers. These services include emissions testing, crash testing, functional safety assessments, and compliance verification for environmental and industry regulations. The TIC market is driven by increasing automotive production, stringent safety norms, and the growing adoption of electric and autonomous vehicles.
List of the Key Players in the German Automotive Testing Inspection Certification Market:
SGS SA, Intertek Group plc, Bureau Veritas S.A., DNV GL, Eurofins Scientific SE, TÜV Rheinland, TÜV SÜD AG, Kiwa Group, AVL List GmbH and DEKRA
Industry Development:
In January 2021, TÜV Rheinland (Germany) introduced a new certification program for EV battery systems.
In 2021, the German Federal Ministry of Transport and Digital Infrastructure (BMVI) introduced new regulations for automated driving, mandating TIC companies to certify advanced driver-assistance systems (ADAS) for Level 3 automation.
Growth Forecast Projected:
The German Automotive Testing Inspection Certification Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the German Automotive Testing Inspection Certification Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the German Automotive Testing Inspection Certification Market:
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, Others
By Product: Engine Dynamo Meter, Wheel Alignment Tester, Chassis Dynamo Meter, Vehicle Emission Tester, Transmission Dynamometer, Fuel Injection Pump Tester, Advanced Battery Analyzer, Durability Tester, Endurance Tester, Flammability Tester, Gas Analyzer, Impact Or Crush Testers, Torsional Fatigue Tester, Vibration Tester, Others
By Vertical: Passenger Vehicle, Commercial Vehicle
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
➠ What is the sales, production, consumption, import, and export value of the German Automotive Testing Inspection Certification market?
➠ Who are the leading manufacturers in the German Automotive Testing Inspection Certification industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the German Automotive Testing Inspection Certification industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the German Automotive Testing Inspection Certification market?
➠ What are the various sales, marketing, and distribution channels in the industry?
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