Global TIC Services for Automotive Market Size, Status and Forecast 2020-2026

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.
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 Landscape

and 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

DEKRA
TÜV SÜD Group
Applus Services
Bureau Veritas
TÜV Rheinland Group
TÜV Nord Group
SGS Group
Intertek Group

Market segment by Type, the product can be split into

Testing Service
Inspection Service
Certification Service

Market segment by Application, split into

Passenger Vehicle
Commercial Vehicle

Market segment by Regions/Countries, this report covers

North America
Europe
China
Japan
Southeast Asia
India
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

Base Year:

2019

Estimated Year:

2020
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.