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Steady Expansion Forecast for Automotive Testing, Inspection and Certification Market, Projected to Reach $25.19 Billion by 2029
Automotive Testing, Inspection and Certification Market
Automotive Testing, Inspection and Certification Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for automotive testing, inspection, and certification has seen consistent growth in the past few years. It is projected to increase from $21.05 billion in 2024 to $21.68 billion in 2025, at a compound annual growth rate (CAGR) of 3.0%. The growth during the historic period can be linked to the escalating complexity in automotive technologies, strict government rules concerning vehicle safety and emissions, globalization and the expansion of automotive supply chains, and rising consumer consciousness and demand for quality and safety, as well as increased car production.
Automotive Testing, Inspection and Certification Market Size Forecast: What's the Projected Valuation by 2029?
The market size of automotive testing, inspection, and certification is poised to experience consistent growth in the coming years, with projections estimating it to reach $25.19 billion in 2029, growing at a compound annual growth rate (CAGR) of 3.8%. The growth during the predicted period can be linked to the escalating adoption of electric and hybrid vehicles, the intensified focus on environmentally friendly certification procedures, the increasing complexity of automotive technologies, stricter regulatory constraints, and heightened demand for improved safety and comfort. Significant trends projected for the period include technological advancements in testing and inspection devices, increased need for third-party testing and certification services, the emergence of integrated and automated testing solutions, growing significance of data analytics in testing and inspection, and the shift towards virtual testing and simulation for efficiency and cost savings.
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What Are the Drivers Transforming the Automotive Testing, Inspection and Certification Market?
The escalating production of automobiles is predicted to spur the expansion of the automotive testing inspection and certification market in the future. The term automobiles is used to describe passenger vehicles that have four wheels and are powered by an internal combustion engine that runs on either gasoline or diesel, these vehicles are designed for use on public roads. The purpose of automotive testing, inspection, and certification is to ensure the safety and durability of automobiles and to validate the engine or shock absorber life expectancy. For example, as per the European Automobile Manufacturers' Association, a Belgium-based entity, an increase of 3.9% was noted in new car registrations seven months into 2024, crossing a total of 6.5 million units. The most substantial markets in the bloc witnessed steady and moderate growth, like Spain (+5.6%), Italy (+5.2%), Germany (+4.3%), and France (+2.2%) all reported gains. As such, the spike in automobile manufacturing is propelling the development of the automotive testing inspection and certification market.
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What Long-Term Trends Will Define the Future of the Automotive Testing, Inspection and Certification Market?
Key players in the automotive testing inspection and certification sector are prioritizing customer experience enhancement to maintain a competitive stance in the market. This improvement involves creating smooth digital interfaces, bespoke suggestions, and effective problem-solving measures all designed to bolster brand loyalty and customer satisfaction. For instance, SGS S. A., a Swiss firm offering automotive inspection, verification, testing, and certification services, launched a Digital Hub in April 2022. The objective was to elevate the digitalization of customer interactions and help SGS fulfill its promise to digitalize 30% of customer interactions by 2023. The Digital Hub uses agile and digital means to develop unique solutions tailored to customer needs and desires. By leveraging technology, SGS aims to provide clients with faster, more convenient, and consistently high-standard services while retaining a personal touch.
Which Segments in the Automotive Testing, Inspection and Certification Market Offer the Most Profit Potential?
The automotive testing, inspection and certificationmarket covered in this report is segmented -
1) By Service Type: Testing Services, Inspection Services, Certification Services, Other Services
2) By Sourcing Type: In-house, Outsourced
3) By Application: Electrical Systems and Components, Telematics, Interior and Exterior Materials and Components, Fluids and Lubricants, Vehicle Inspection Services, Homologation Testing, Other Applications
Subsegments:
1) By Testing Services: Performance Testing, Safety Testing, Emission Testing, Durability Testing, Functional Testing
2) By Inspection Services: Pre-Delivery Inspection (PDI), Quality Inspection, Compliance Inspection, In-Service Inspection, Visual Inspection
3) By Certification Services: Product Certification, ISO Certification, Environmental Certification, Safety Certification
4) By Other Services: Consulting Services, Training Services, Calibration Services
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Which Firms Dominate the Automotive Testing, Inspection and Certification Market by Market Share and Revenue in 2025?
Major companies operating in the automotive testing, inspection and certification market include SGS SA, Bureau Veritas SA, Intertek Group plc, Dekra SE, Applus Services SA, Eurofins Scientific SE, MISTRAS Group Inc., Element Materials Technology, The British Standards Institution, TUV Nord Group, NSF International, RINA SpA, ALS Limited, DNV GL, Robert Bosch GmbH, Exova Group Limited, SAI Global Limited, Lloyd's Register Group Limited, Kiwa NV, National Technical Systems Inc., BSI Group, National Testing Service, Technischer Überwachungsverein Süd, Aerovate Certification B. V., Movon Corporation, Automotive Technology and Information Consulting Co. Ltd., 3M Company, Hager Group, Siemens AG, Mitsubishi Electric Corporation, NXP Semiconductors NV, Infineon Technologies AG, Continental AG, ZF Friedrichshafen AG, Magna International Inc., Delphi Automotive plc
Which Regions Offer the Highest Growth Potential in the Automotive Testing, Inspection and Certification Market?
North America was the largest region in the automotive testing inspection and certification market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive testing, inspection and certification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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