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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.
Scope of the Report:
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.
The global TIC Services for Automotive market is valued at 12700 million USD in 2018 and is expected to reach 17300 million USD by the end of 2024, growing at a CAGR of 6.4% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of TIC Services for Automotive.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the TIC Services for Automotive market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the TIC Services for Automotive market by product type and applications/end industries.
Market Segment by Companies, this report covers
- TÜV SÜD Group
- Applus Services
- Bureau Veritas
- TÜV Rheinland Group
- TÜV Nord Group
- SGS Group
- Intertek Group
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Testing Service
- Inspection Service
- Certification Service
Market Segment by Applications, can be divided into
- Passenger Vehicle
- Commercial Vehicle