Press release
Rising Vehicle Production Boosts Automotive Quality Service Market: Powering Innovation and Expansion in the Automotive Quality Service Market by 2025
Automotive Quality Service
What Is the Expected CAGR for the Automotive Quality Service Market Through 2025?
In recent years, the size of the automotive quality service market has seen significant expansion. It is predicted to rise from $26.4 billion in 2024 to $28.97 billion in 2025, with a compound annual growth rate (CAGR) of 9.7%. This growth during the historical period is due to factors such as strict government rules about vehicle safety, increasing customer demands, the internationalization of automotive supply chains, intensifying rivalry among vehicle manufacturers, and the expansion of the aftermarket sector.
What's the Projected Size of the Global Automotive Quality Service Market by 2029?
There is predicted to be a considerable expansion in the automotive quality service market in the upcoming years, with an estimated value of $41.44 billion forecasted for 2029, showing a compound annual growth rate (CAGR) of 9.4%. The factors contributing to this growth over the predicted period include the rise in popularity of electric and autonomous vehicles, the growing implementation of industry 4.0 technologies, an increased reliance on data analytics and artificial intelligence, a demand for superior quality and reliability, and the globalization of the automotive industry. Developments in vehicle technologies, the incorporation of advanced driver assistance systems (ADAS), advanced manufacturing and 3D printing, collaborations with technical schools and automotive academies, along with predictive maintenance and AI are the major trends anticipated throughout this forecast period.
View the full report here:
https://www.thebusinessresearchcompany.com/report/automotive-quality-service-global-market-report
Top Growth Drivers in the Automotive Quality Service Industry: What's Accelerating the Market?
The rise in vehicle manufacturing is projected to boost the automotive quality service market's progression. The surge in vehicle production is fuelled by various elements, including economic expansion, globalization, government incentives, and an uptick in consumer buying power. Automotive quality services are vital to ensure that vehicles comply with the highest caliber of quality, safety, and dependability throughout the manufacturing process. For instance, the European Automobile Manufacturers Association, a trade organization based in Belgium, reported in May 2023 that global motor vehicle manufacturing had achieved 85.4 million units in 2022, registering a 5.7% growth from the year before. Consequently, the rising vehicle production is spearheading the expansion of the automotive quality service market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15988&type=smp
What Trends Will Shape the Automotive Quality Service Market Through 2029 and Beyond?
The key players in the automotive quality service market are doubling down on innovation by creating multi-brand car repair and maintenance services. With an aim to augment customer convenience, enhance service outreach, and deliver economic solutions, these companies are also committed to maintaining top-notch service quality and transparency for car owners, which simultaneously boosts their competitive advantage in the fast-paced automotive after-sales industry. The term 'multi-brand car repair and maintenance services' denotes businesses or channels which provide repair, maintenance, and other allied services for vehicles of various brands instead of concentrating solely on a single brand. An example to illustrate this would be CARS24, a pre-owned car enterprise based in India, introducing Fourdoor in June 2024. It's a multi-brand car repair and maintenance service conceptualized to resolve the significant difficulties encountered by car owners in India. Unlike conventional brand-specific service centers, this service sets itself apart by offering comprehensive vehicle maintenance and repair services for all car brands and models.
What Are the Main Segments in the Automotive Quality Service Market?
The automotive quality service market covered in this report is segmented -
1) By Type: Testing Services, Certifying And Validating Services, Quality Sorting Services
2) By Vehicle Type: Passenger Cars, Commercial Vehicle
3) By Application: Electrical Systems And Components, Telematics, Vehicle Inspection Services, Homologation Testing, Interior And Exterior Materials, Other Applications
4) By End-User: Original Equipment Manufacturers (OEMs), Tier 1 And Tier 2 Suppliers, Aftermarket Service Providers, Regulatory Authorities
Subsegments:
1) By Testing Services: Durability Testing, Performance Testing, Emissions Testing, Safety Testing, Environmental Testing
2) By Certifying And Validating Services: Regulatory Certification, Process Certification, Product Validation, Supplier Audits
3) By Quality Sorting Services: Visual Inspection, Functional Sorting, Dimensional Sorting, Non-Destructive Testing (NDT), Sorting Of Non-Conforming Parts
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=15988&type=smp
Which Top Companies are Driving Growth in the Automotive Quality Service Market?
Major companies operating in the automotive quality service market are Dragon Solutions Ltd., Bureau Veritas, Intertek Group plc, Alten Group, FEV Group GmbH, Horiba Ltd., Applied Technical Services Inc., Bertrandt AG, ARRK Product Development Group Ltd., EDAG Group, Altair Engineering Inc., TRIGO S.A., Stratosphere Quality LLC, ESG Elektroniksystem- und Logistik-GmbH, National Technical Systems Inc., Millbrook Proving Ground Limited, Matrix Quality Services Inc., Weiss Technik North America Inc., CSI S.p.A., Automotive Quality & Logistics Inc., Ashton Technologies Inc., Element Materials Technology Ltd., Quality Service Group, ASAP Holding GmbH, Dragon Solutions Ltd.
Which Regions Will Dominate the Automotive Quality Service Market Through 2029?
North America was the largest region in the automotive quality service market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive quality service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15988
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising Vehicle Production Boosts Automotive Quality Service Market: Powering Innovation and Expansion in the Automotive Quality Service Market by 2025 here
News-ID: 4131374 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
More Releases for Quality
Smart drainage water quality monitoring Application of water quality sensors
With the acceleration of urbanization, the scale of urban drainage systems continues to expand, and the impact of their stable operation and water quality safety on urban sustainable development has become increasingly obvious. As a key link in urban water environment management, smart drainage water quality monitoring is gradually being integrated into the urban infrastructure construction and operation management system. The sensor method, with its advantages in temporal resolution and…
Mango AI Launches a Quality Enhancer to Elevate Video Quality Effortlessly
In the modern world, videos have become an integral part of people's daily lives, and the demand for high-resolution videos is increasing. Mango AI, an innovative video generator developed by Mango Animate, has launched a quality enhancer (https://mangoanimate.com/ai/video-enhancer) that offers practical solutions for users to improve video quality to high resolution. It relieves users of the hassle of recreating the video from scratch or spending hours on complicated editing software.
With…
Molecular Quality Controls Market - Unveiling Quality Assurance: Molecular Quali …
Newark, New Castle, USA: The "Molecular Quality Controls Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
Molecular Quality Controls Market: https://www.growthplusreports.com/report/molecular-quality-controls-market/8932
This latest report researches the industry structure,…
QUALITY ASSURANCE AND QUALITY CONTROL- CONCEPTS AND DIFFERENCES
Quality Assurance (QA) and Quality Control (QC) are two terms that play a huge role in bringing the perfect software products in the market. However, they are increasingly being used in place of each other, which can be a reason that springs due to confusion between these two terms.
The biggest reason for this confusion is that both QA and QC are integral aspects of the overall quality management of the…
Power Quality Equipment
Collectively, more than 70% of the energy demand was driven by China, United States and India in 2018.
CRIFAX added a report on 'GlobalPower Quality Equipment Market, 2019-2028' to its database of market research collaterals consisting of overall market scenario with prevalent and future growth prospects, among other growth strategies used by key players to stay ahead of the game. Additionally, recent trends, mergers and acquisitions, region-wise growth analysis along with…
Best Quality Home Goods Launches Shopping Site for High Quality Decor
Best Quality Home Goods new shopping site takes advantage of superior home decor in various styles, including modern, conventional and traditional styles. In its continuing battle with other decor stores, best quality home goods has launched its store to better highlight home decor products and furniture.
http://bestqualityhomegoods.com.
Best Quality Home Goods wants it easy for people who plan to move into their new home, make renovations, or build a new home to…
