Astute Analytica published a research report on the "Global Automotive TIC Services Market Report 2024" which provides a comprehensive analysis and strategic visions into the market. The report offers detailed insights into the market size, growth projections, and key trends shaping the industry.

Market Size and Growth Projections

The Automotive TIC services market is projected to reach US$ 38.89 billion by 2031 from US$ 20.89 billion in 2022. The market is expected to grow at a CAGR of 7.8% duringthe forecast period 2023-2031. 

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Factors Influencing the Market

The research report provides a comprehensive analysis of the factors that are expected to impact the Automotive TIC Services business, both externally and internally. The report examines the external factors that could influence the industry's performance. This includes an analysis of the market environment, competitive landscape, and broader economic and regulatory conditions.

In addition to the external factors, the report also delves into the internal dynamics of the Automotive TIC Services industry. This includes an assessment of the industry's operational efficiency, technological capabilities, and organizational structure. The report analyzes how these internal factors may contribute to the overall performance and competitiveness of the market.

Market Segmentation and Analysis

The report delves into the various segments that make up the Automotive TIC Services market, offering a granular understanding of the dynamics within each segment. This segmentation allows for a more detailed and targeted analysis, enabling the identification of specific growth opportunities and challenges within the market.

Geographical Segmentation

The market has been segmented into North America, South America, Asia, Europe, Africa, and Others. The report covers the key countries within each region and provides the present market size and forecast till 2032 for all the regions and sub-regions.

Market Segmentation Outline

By Service Type:

  • Testing Service
  • Inspection Service
  • Certification Service

By Source:

  • In-house
  • Outsource

By Application:

  • Advanced Driver Assistance Systems (ADAS) Testing
  • Electrical and Electronics Market
  • Electric Vehicles and Battery Systems
  • Fuels, Fluids, and Lubricants
  • Homologation Testing
  • Interior and Exterior Material Components
  • Telematics
  • OEM Testing
  • Vehicle Inspection Services
  • Others

By Supply Chain Services:

  • Design
  • Production
  • Distribution
  • Selling
  • Operation

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America

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Competitive Landscape

Astute Analytica research report provides a comprehensive analysis of the competitive landscape within the global Automotive TIC Services market. This includes a detailed examination of the leading product vendors and their latest developments, as well as insights into the manufacturer's share in terms of shipment and revenue for all major players identified in the market.

The competitive profiling includes information on the vendors' product portfolios, technological capabilities, and market share within the Automotive TIC Services industry. This data allows for a deeper understanding of the competitive landscape and the relative strengths and weaknesses of the various players.

Key Companies

The major players in the market are Applus Services S.A., Bureau Veritas, Dekra Se, Element Materials Technology, Eurofins Scientific, Lloyd’s Register Group Limited, Intertek Group PLC, TÜV NORD Group, TUV Rheinland AG Group and TUV SUD SGS among others. Leading players are constantly focusing on different strategies such as acquisitions and mergers that can increase their market hold by offering better services. For instance, in 2019, TUV SUD and AKKA (Engineering consulting company) collaborated to focus on the design and development of a fuel-efficient and low emission engine.

Reasons to Buy this Report

  • Market share evaluations for the national and regional segments
  • Tactical pointers for newcomers
  • Inclusion of market statistics from 2023 to 2030
  • Market trends, including motivators, openings, dangers, obstacles, funding possibilities, and suggestions
  • Strategic recommendations based solely on market projections
  • Identification of main, regular trends in competitive landscaping
  • Detailed company profiling, including financials, strategies, and current developments
  • Illustration of supply chain trends and current technical developments

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About Astute Analytica:

Astute Analytica is a leading market research and consulting firm committed to providing organizations with actionable insights and data-driven strategies to thrive in dynamic markets. With a strong presence in both global and regional markets, we publish extensive industry reports, conduct targeted surveys, and offer custom consulting services tailored to meet specific client needs. Our expertise spans multiple sectors, including technology, healthcare, chemicals, manufacturing, energy, and more, making us a valuable partner for forward-thinking businesses.

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