Global TIC Services for Automotive Market Growth (Status and Outlook) 2019-2024
TIC Services for Automotive consists of conformity assessment bodies that provide services ranging from auditing and inspection, to testing, verification, quality assurance and certification.
The International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), international standard-setting bodies composed of representatives from various national standards organizations define the different testing, inspection and certification services in the international standard series ISO/IEC 17000:2004 Conformity assessment -- Vocabulary and general principles as:
• Testing: determination of one or more characteristics of an object of conformity assessment, according to a procedure.
• Inspection: examination of a product design, product, process or installation and determination of its conformity with specific requirements or, on the basis of professional judgement, with general requirements.
• Certification: third-party attestation related to products, processes, systems or persons.
Asia Pacific is expected to be the fastest-growing region for the automotive TIC market. This region has become a global focal point for investors looking to make large investments or expand business. Improving lifestyles and rising number of metro cities with steadily growing middle class populations have played a vital role in increasing the production and sale of vast range of vehicles in the APAC region.
According to this study, over the next five years the TIC Services for Automotive market will register a 6.4% CAGR in terms of revenue, the global market size will reach US$ 17300 million by 2024, from US$ 12700 million in 2019. In particular, this report presents the global revenue market share of key companies in TIC Services for Automotive business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of TIC Services for Automotive market by product type, application, key companies and key regions.
This study considers the TIC Services for Automotive value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Testing Service
Inspection Service
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
DEKRA
TÜV SÜD Group
Applus Services
Bureau Veritas
TÜV Rheinland Group
TÜV Nord Group
SGS Group
Intertek Group
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global TIC Services for Automotive market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of TIC Services for Automotive market by identifying its various subsegments.
Focuses on the key global TIC Services for Automotive players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the TIC Services for Automotive with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of TIC Services for Automotive submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
The International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), international standard-setting bodies composed of representatives from various national standards organizations define the different testing, inspection and certification services in the international standard series ISO/IEC 17000:2004 Conformity assessment -- Vocabulary and general principles as:
• Testing: determination of one or more characteristics of an object of conformity assessment, according to a procedure.
• Inspection: examination of a product design, product, process or installation and determination of its conformity with specific requirements or, on the basis of professional judgement, with general requirements.
• Certification: third-party attestation related to products, processes, systems or persons.
Asia Pacific is expected to be the fastest-growing region for the automotive TIC market. This region has become a global focal point for investors looking to make large investments or expand business. Improving lifestyles and rising number of metro cities with steadily growing middle class populations have played a vital role in increasing the production and sale of vast range of vehicles in the APAC region.
According to this study, over the next five years the TIC Services for Automotive market will register a 6.4% CAGR in terms of revenue, the global market size will reach US$ 17300 million by 2024, from US$ 12700 million in 2019. In particular, this report presents the global revenue market share of key companies in TIC Services for Automotive business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of TIC Services for Automotive market by product type, application, key companies and key regions.
This study considers the TIC Services for Automotive value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Testing Service
Inspection Service
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Passenger Vehicle
Commercial Vehicle
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
DEKRA
TÜV SÜD Group
Applus Services
Bureau Veritas
TÜV Rheinland Group
TÜV Nord Group
SGS Group
Intertek Group
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global TIC Services for Automotive market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of TIC Services for Automotive market by identifying its various subsegments.
Focuses on the key global TIC Services for Automotive players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the TIC Services for Automotive with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of TIC Services for Automotive submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Frequently Asked Questions
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