LONDON--(BUSINESS WIRE)--Technavio has been monitoring the automotive testing, inspection, and certification market and it is poised to grow by USD 4.43 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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This Report Addresses:
- The market size from 2020-2024
- Expected market growth until 2024
- Forecast of how market drivers, restraints, and future opportunities will affect the market dynamics
- Segments and regions that will drive or lead market growth and why
- Comprehensive mapping of the competitive landscape
- In-depth analysis of key sustainability strategies adopted by market players
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Frequently Asked Questions-
- Based on segmentation by type, which is the leading segment in the market?
- The in-house segment is expected to emerge as the leading segment based on type in the global market during the forecast period.
- What are the major trends in the market?
- Emergence of digital TIC is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of over 5%, the incremental growth of the market is anticipated to be USD 4.43 billion.
- Who are the top players in the market?
- ALS Ltd., Applus+ Services Technologies SL, Bureau Veritas, DEKRAÂ SE, Eurofins Scientific SE, Intertek Group Plc, Mistras Group Inc., SGS SA, TUV NORD GROUP, and TUV SUD AG. some of the major market participants.
- What are the key market drivers and challenges?
- Technological advancements in automobiles is one of the major factors driving the market. However, the high lead time for TIC process will restrain market growth.
- How big is the Europe market?
- The Europe region will contribute 36% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ALS Ltd., Applus+ Services Technologies SL, Bureau Veritas, DEKRAÂ SE, Eurofins Scientific SE, Intertek Group Plc, Mistras Group Inc., SGS SA, TUV NORD GROUP, and TUV SUD AG are some of the major market participants. The technological advancements in automobiles will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Automotive Testing, Inspection, and Certification Market 2020-2024: Segmentation
Automotive Testing, Inspection, and Certification Market is segmented as below:
- Type
- In-house
- Outsourced
- Geography
- Europe
- North America
- APAC
- MEA
- South America
Automotive Testing, Inspection, and Certification Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive testing, inspection, and certification market report covers the following areas:
- Automotive Testing, Inspection, and Certification Market Size
- Automotive Testing, Inspection, and Certification Market Trends
- Automotive Testing, Inspection, and Certification Market Analysis
This study identifies emergence of digital TIC as one of the prime reasons driving the automotive testing, inspection, and certification market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Testing, Inspection, and Certification Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist automotive testing, inspection, and certification market growth during the next five years
- Estimation of the automotive testing, inspection, and certification market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive testing, inspection, and certification market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive testing, inspection, and certification market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- In-house - Market size and forecast 2019-2024
- Outsourced - Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ALS Ltd.
- Applus+ Services Technologies SL
- Bureau Veritas
- DEKRAÂ SE
- Eurofins Scientific SE
- Intertek Group Plc
- Mistras Group Inc.
- SGS SA
- TUV NORD GROUP
- TUV SUD AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Automotive Testing, Inspection, And Certification Market by Type (in-house and outsourced) and Geography (Europe, North America, APAC, MEA, and South America)|COVID-19 Impact Analysis - Business Wire
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