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Automotive Quality Service Global Market Insights: Growth Drivers, Size & Forecasts to 2029
Automotive Quality Service Market
What Is the Forecasted Market Growth Rate of the Automotive Quality Service Industry?
The size of the automotive quality service market has seen considerable expansion in the past few years. The market, which is projected to develop from $26.4 billion in 2024 to $28.61 billion in 2025, is expected to observe a compound annual growth rate (CAGR) of 8.4%. This growth during the historical period is widely attributed to strict government rules concerning vehicle safety, escalating customer expectations, the global expansion of automotive supply chains, intensifying rivalry among car manufacturers, and the expanding aftermarket sector.
How Will the Automotive Quality Service Market Size Evolve From 2025 to 2029?
Predictions indicate a robust growth for the automotive quality service market in the near future, with its valuation estimated to reach $39.46 billion by 2029, implying a compound annual growth rate (CAGR) of 8.4%. This projected growth within the forecast period is primarily driven by factors such as the emergence of electric vehicles (EVs) and autonomous vehicles, the increased incorporation of Industry 4.0 technologies, heightened usage of data analytics and artificial intelligence, the mounting demand for premium quality and dependability, and the ongoing globalization of the automotive sector. Key trends to watch out for during the forecast period consist of technological innovation in vehicles, the implementation of advanced driver assistance systems (ADAS), the advent of 3D printing and advanced manufacturing, strategic alliances with technical institutions and auto academies, as well as predictive maintenance supported by AI.
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What Are the Main Growth Drivers in the Automotive Quality Service Market Today?
The escalation in vehicle manufacturing is projected to boost the advancement of the automotive quality service market. The augmentation in vehicle production is a result of numerous factors such as economic development, globalization, governmental incentives, and a rise in consumer buying capacity. Automotive quality services play an indispensable role in making sure that vehicles adhere to the optimum standards of quality, safety, and dependability throughout the manufacturing process. For instance, the European Automobile Manufacturers Association, a trade association based in Belgium, reported in May 2023 that there was a 5.7% increase in global motor vehicle production compared to the previous year, with the production figures reaching 85.4 million units in 2022. Thus, the expanding vehicle production is fueling the progress of the automotive quality service market.
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Which Automotive Quality Service Market Segment Is Expected to Lead Through 2029?
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, After market 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
Which Market Trends Are Expected to Dominate Automotive Quality Service Industry Growth?
Primary companies active within the automotive quality service industry are concentrating on creating innovative multi-brand car fix and maintenance solutions to increase consumer comfort, enhance service accessibility, and offer economical alternatives while maintaining a high standard of service quality and transparency for car proprietors, thereby fortifying their competitive stance in the fast-developing automotive aftermarket sector. Multi-brand car servicing and repair entail businesses or platforms providing vehicle fix, maintenance, and other associated services for various car manufacturers, instead of singularly focusing on a particular brand. As an illustration, June 2024 witnessed CARS24, an Indian company specializing in used cars, unveiling Fourdoor, a multi-brand vehicle repair and maintenance service. This was specifically created to tackle pressing problems experienced by car owners in India. This service offers comprehensive maintenance and repair provisions for all car types and models and sets itself apart from conventional brand-specific service outlets.
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Which Companies Hold the Largest Market Share in the Automotive Quality Service Sector?
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.
Where Is the Automotive Quality Service Market Experiencing the Highest Growth?
North America was the largest region in the automotive quality service market in 2024. 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.
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