Automotive TIC Market
Automotive TIC Market - Global Industry Assessment & Forecast
#
Pages:
141
2022
Mar - 2022
VMR-1401
Segments Covered
By
Service Type Testing Services, Inspection Services, Certification Services, Other Services
-
By
Sourcing Type In-house, Outsourced
-
By
Application Electrical Systems and Components, Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems, Telematics, Fuels, Fluids, and Lubricants, Interior and Exterior Materials and Components, Vehicle Inspection Services, Homologation Testing, Others
-
By
Regions North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 17327.33 Million |
 Revenue 2030:
|
USD 23351.28 Million |
 Revenue CAGR
(2023 - 2030): |
3.80% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
Europe |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Automotive TIC Market by Service Type by Sourcing Type by Application by Regions - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Automotive TIC market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Automotive TIC market.
Vantage Market
Research | 27-Mar-2022
FAQ
Frequently Asked Question
What is the global demand for Automotive TIC in terms of revenue?
-
The global Automotive TIC valued at USD 17327.33 Million in 2022 and is expected to reach USD 23351.28 Million in 2030 growing at a CAGR of 3.80%.
Which are the prominent players in the market?
-
The prominent players in the market are DEKRA SE (DEKRA) (Germany), TÜV SÜD Group (TÜV SÜD) (Germany), Applus Services S.A. (Applus+) (Spain), SGS Group (SGS) (Switzerland), TÜV Nord Group (TÜV Nord) (Germany), TÜV Rheinland Group (TÜV Rheinland) (Germany), Bureau Veritas S.A. (Bureau Veritas) (France), Intertek Group PLC (Intertek) (UK), Eurofins Scientific (Eurofins) (Luxembourg), Element Materials Technology (Element) (UK), Lloyd’s Register Group Limited (Lloyd’s) (UK), MISTRAS Group Inc. (MISTRAS) (US), UL LLC (UL) (US), DNV GL Group AS (DNV) (Norway), British Standards Institution (BSI) (UK), RINA S.p.A (RINA) (Italy), Norges Elektriske Materiellkontroll (Nemko) (Norway), NSF International (NSF) (US), and EQS - Engineering, Quality and Safety (EQS)(Portugal)..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 3.80% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Automotive TIC include
- Growing inclination toward outsourcing TIC services
Which region accounted for the largest share in the market?
-
Europe was the leading regional segment of the Automotive TIC in 2022.
