Automotive TIC market is expected to grow from USD 16.5 billion in 2020 to USD 20.4 billion by 2027; it is expected to grow at a CAGR of 4%.
The Automotive Testing, Inspection and Certification (TIC) sector consists of conformity assessment bodies that provide services ranging from auditing and inspection, to testing, verification, quality assurance and certification.
The rising number of accidents, increasing automation in vehicles, advanced and more sophisticated components and features of a vehicle, increasing pollution, these are factors due to which demand for vehicle tasting and inspection is increasing day by day.
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By the type, the market is primarily split into
- Testing
- Inspection
- Certification
By the application, this report covers the following segments
- Passenger Cars
- Commercial Vehicles
The Automotive TIC key manufacturers in this market include:
- DEKRA
- TÜV SÜD Group
- Bureau Veritas
- Applus Services
- SGS Group
- Intertek Group
- TÜV Rheinland Group
- TÜV Nord Group
A full report of Global Automotive Tic Market is available at: https://www.orionmarketreports.com/automotive-driving-simulators-market/39474/
Scope of the Report
The research study analyzes the global Automotive Tic industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Automotive Tic Market Report
1. What was the Automotive Tic Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Automotive Tic Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automotive Tic Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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