Global TIC Services for Automotive Market Size, Status and Forecast 2020-2026
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.
Market Analysis and Insights: Global TIC Services for Automotive Market
In 2019, the global TIC Services for Automotive market size was US$ 14470 million and it is expected to reach US$ 22750 million by the end of 2026, with a CAGR of 6.6% during 2021-2026.
Global TIC Services for Automotive Scope and Market Size
TIC Services for Automotive market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global TIC Services for Automotive market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the TIC Services for Automotive market is segmented into Testing Service, Inspection Service, Certification Service, etc.
Segment by Application, the TIC Services for Automotive market is segmented into Passenger Vehicle, Commercial Vehicle, etc.
Regional and Country-level Analysis
The TIC Services for Automotive market is analysed and market size information is provided by regions (countries).
The key regions covered in the TIC Services for Automotive market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.
Competitive Landscapeand TIC Services for Automotive Market Share Analysis
TIC Services for Automotive market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in TIC Services for Automotive business, the date to enter into the TIC Services for Automotive market, TIC Services for Automotive product introduction, recent developments, etc.
The major vendors include DEKRA, TÜV SÜD Group, Applus Services, Bureau Veritas, TÜV Rheinland Group, TÜV Nord Group, SGS Group, Intertek Group, etc.
This report focuses on the global TIC Services for Automotive status, future forecast, growth opportunity, key market and key players. The study objectives are to present the TIC Services for Automotive development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
The key players covered in this study
TÜV SÜD Group
TÜV Rheinland Group
TÜV Nord Group
Market segment by Type, the product can be split into
Market segment by Application, split into
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global TIC Services for Automotive status, future forecast, growth opportunity, key market and key players.
To present the TIC Services for Automotive development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.
In this study, the years considered to estimate the market size of TIC Services for Automotive are as follows:
History Year: 2015-2019
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.