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Global Automotive TIC Market Trends, Research, Analysis & Forecast 2025 Major Growth By TUV Nord Group, Eurofins Scientific, ASTM International, Element Materials Technology, Lloyd’s Register Group Limited, Mistras Group & Others

Global Automotive TIC Market is expected to reach USD 31.6 billion by 2025, from USD 18.11 billion in 2017 growing at a CAGR of 7.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

The automotive TIC report contains different market predictions related to the market size, share, status production, cost analysis and market value with the forecast period 2018 to 2025. Besides upstream, raw materials, downstream demand analysis, consumption volume and the market share by segments and sub segments have also been mentioned.  The research methodology involves both primary furthers as secondary research information sources. It commits different factors affecting the industry such as market environment, various policies of the government, past data, technological advancements, upcoming innovations, market risk factors and challenges in the industry.

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This automotive TIC report identifies the latest developments, market shares and strategies employed by the major market players. It develops and modify business expansion plans by using substantial growth offering developed and emerging markets.   It provides most detailed study about the market that is estimated to grow at a tremendous rate over the forecast period 2019-2026. This automotive TIC market report provides key statistics on the market status of the key players and offers key trends and opportunities in the market.

Key Insights in the report:

Historical and current market size and projection up to 2025

Market trends impacting the growth of the global automotive TIC market

Analyze and forecast automotive TIC market on the basis of service type, sourcing type, and application

Trends of key regional and country-level markets for service type, sourcing type, and application

Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis

 Key Market Competitors: 

The key players operating in the global automotive TIC market are –

Applus Services SA

Bureau Veritas SA

Intertek Group PLC

Eurofins Scientific

SGS SA

The other players in the market are TUV Nord Group, Eurofins Scientific, ASTM International, Element Materials Technology, Lloyd’s Register Group Limited, Mistras Group, Inc, DNV GL Group AS, Rina S.P.A., Norges Elektriske Materiellkontroll, Dekra Certification GmbH, ALS Limited, BSI Group, SAI Global Limited, and UL LLC among other.

In, July, 2018, SGS SA invested in new accreditations, laboratory services, testing facilities and parameters which will hlp the company with latest development, capabilities and new service available.

Market Drivers:

Growth in automotive production worldwide

Raising awareness about safety among consumers

Stringent regulations and standards in automotive industry

Market Restraint:

Varying regulations and standards across regions

Time consuming for the overseas qualification test

Segmentation: Global Automotive TIC Market

By Service Type

Testing Services

Inspection Services

Certification Services

Other Services

By Sourcing Type

In-House

Outsourced

By Application

Electrical Systems and Components

Telematics

Vehicle Inspection Services

Homologation Testing

Interior & Exterior Materials

Others

By Geography

North America

Europe

Asia-Pacific

South America

Middle East & Africa

 Competitive Landscape: Global Automotive TIC Market

The global automotive TIC market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Automotive TIC market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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About Data Bridge Market Research

An absolute way to forecast what future holds is to comprehend the trend today!

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Data bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune. We ponder into the heterogeneous markets in accord with our clients needs and scoop out the best possible solutions and detailed information about the market trends. Data Bridge delve into the markets across Asia, North America, South America, Africa to name few.

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