Automotive TIC Market

Automotive TIC Market by Service Type (Testing, Inspection, Certification), Sourcing Type, Application (Vehicle Inspection, Electrical Systems, & Components), and Geography; Periodic Technical Inspection Market, by Region - Global Forecast to 2024

Report Code: SE 6416 Oct, 2019, by marketsandmarkets.com

[180 Pages Report] The global automotive TIC market was valued at USD 16.9 billion in 2019 and is expected to reach USD 22.1 billion by 2024; it is expected to grow at a CAGR of 5.5%. Increasing automobile production in emerging economies, growing inclination toward outsourcing TIC services, rising focus of governments to impose strict regulatory standards on the automotive industry, surging adoption of automotive electronics to maintain passenger and vehicle safety, augmenting awareness among consumers regarding product quality and safety, and increasing instances of vehicle recalls due to component failures are the major drivers for the automotive TIC market.

Automotive TIC Market

Market for outsourced TIC services offered for electrical systems and components is expected to grow at higher CAGR during forecast period

Performance testing of electric and electronic automotive components includes climate testing, mechanical testing, vibration testing, electrical testing, durability testing, and EMC testing. Electrical systems and components in the automotive industry are subject to tests related to electrical parametric testing, such as power distribution and environmental performance testing of vehicles, including tensile, stress, volatility, and flammability test, as well as mechanical performance testing including vibrations, stress, fatigue, and mechanical shock. EMC testing or electric and RF testing help improve the safety of electric and electronic devices used in electric vehicles. Automotive EMC testing services include radiated emission test, conducted emission test, conducted transient emission test, electrostatic discharge test, radiated immunity test (bulk current injection), radiated immunity test, and conducted transient immunity test, and voltage variations test.

US is major market for periodical technical inspection services in North America

The North American market has been segmented into the US, Canada, and Mexico. In the US, vehicle inspection rules vary according to the state. Some states such as Delaware, District of Columbia, North Carolina, and Hawaii require annual inspection for commercial vehicles and cars and biennial inspection for passenger vehicles to test the roadworthiness and safety of on-road vehicles, while Maryland requires an inspection prior to the registration or transfer of ownership only. The Department of Land Transport has made it mandatory that all the registered vehicles must be periodically tested and inspected to ensure roadway safety and comply with traffic safety regulations. For example, in the US, passenger cars need to be inspected biennial after registration, and commercial vehicles are required to pass an annual inspection after vehicle registration.  

Automotive TIC Market

Europe to continue to hold largest market share of automotive TIC during forecast period

The automotive TIC market in Europe has been further segmented into Germany, France, the UK, Italy, Spain, and Rest of Europe (RoE). Major TIC companies have their headquarters in Europe, and most of the companies generate their revenues through APAC and European countries. According to a European Commission report (2016), there are about 180 automobile facilities across the EU. Owing to the increasing competition from developing countries such as Brazil, Russia, India, and China, along with Europe’s financial crisis, the players in the European market witnessed a decline in their revenues in the past few years. Consistent development of vehicle-to-vehicle, vehicle-to-infrastructure, and in-vehicle entertainment technologies is expected to drive the studied market during the forecast period. Europe is an important hub for the automotive sector owing to the presence of major automobile manufacturing companies such as Robert Bosch GmbH (Germany), Volkswagen AG (Germany), and Daimler AG (Germany).

Key Market Players

Key players operating in the automotive TIC market are DEKRA SE (DEKRA) (Germany), TÜV SÜD Group (TÜV SÜD) (Germany), Applus Services S.A. (Applus+) (Spain), SGS Group (SGS) (Switzerland), TÜV Nord Group (TÜV Nord) (Germany), TÜV Rheinland Group (TÜV Rheinland) (Germany), Bureau Veritas S.A. (Bureau Veritas) (France), Intertek Group PLC (Intertek) (UK), Eurofins Scientific (Eurofins) (Luxembourg), Element Materials Technology (Element) (UK), Lloyd’s Register Group Limited (Lloyd’s) (UK), and MISTRAS Group, Inc. (MISTRAS) (US).

Applus+ primarily provides services such as certification, engineering, inspection, testing, and technical assistance to various industries. The company’s Applus+ Automotive and Applus+ IDIADA business segments play a critical role in the automotive TIC market. A few of the significant factors driving the company’s growth in the market are the adoption of statutory inspection programs by emerging countries and the focus of many states in the US on strictly following inspection regulations, coupled with the increasing number of vehicles and the high frequency of inspection services demanded by their owners in the EU. Applus+ is present in over 70 countries and has 350 offices and laboratories globally. The company aspires to lead in each of its business segments by making high-return strategic investments. Strategic acquisitions and contracts are the major strategies adopted by the company to enhance its brand name and reputation. Applus is expanding in growing markets through organic and inorganic strategies. The Automotive division has extended its reach by opening new stations in existing locations. This expansion is likely to provide its customers with the benefit of the latest technological advancements to ensure their safety, along with improved services. The company continues to consider acquisition opportunities to complement its business and geographic markets to strengthen its position in the automotive TIC space.

Scope of the Report

Report Metric

Details

Market size available for years

2016–2024

Base year

2018

Forecast period

2019–2024

Forecast units

Value (USD billion/million) and volume (million/billion units)

Segments covered

by service type, sourcing type,  application, and  geography

Geographies covered

North America, Asia Pacific, Europe, and Rest of the World

Companies covered

DEKRA SE (DEKRA) (Germany), TÜV SÜD Group (TÜV SÜD) (Germany), Applus Services S.A. (Applus+) (Spain), SGS Group (SGS) (Switzerland), TÜV Nord Group (TÜV Nord) (Germany), TÜV Rheinland Group (TÜV Rheinland) (Germany), Bureau Veritas S.A. (Bureau Veritas) (France), Intertek Group PLC (Intertek) (UK), Eurofins Scientific (Eurofins) (Luxembourg), Element Materials Technology (Element) (UK), Lloyd’s Register Group Limited (Lloyd’s) (UK), MISTRAS Group, Inc. (MISTRAS) (US), UL LLC (UL) (US), DNV GL Group AS (DNV) (Norway), British Standards Institution (BSI) (UK), RINA S.p.A (RINA) (Italy), Norges Elektriske Materiellkontroll (Nemko) (Norway), NSF International (NSF) (US), and EQS - Engineering, Quality and Safety (EQS)(Portugal).

This research report categorizes the market based on service type, sourcing type, application, and region.

Automotive TIC Market, by Service Type

  • Testing Services
  • Inspection Services
  • Certification Services
  • Other Services

Note: Other services include auditing services; consulting services; technical assistance; environmental services; quality, safety, and health services; asset integrity management services; and project management services. Other applications include auditing, quality-safety-health-and-environment, services related to road safety and traffic (designed and developed to manufacture high-quality parts).

Automotive TIC Market, by Sourcing Type:

  • In-house
  • Outsourced

Automotive TIC Market, by Application

  • Electrical Systems and Components
  • Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems
  • Telematics
  • Fuels, Fluids, and Lubricants
  • Interior and Exterior Materials and Components
  • Vehicle Inspection Services
  • Homologation Testing
  • Others

Note: Other applications include auditing, quality-safety-health-and-environment, services related to road safety and traffic

Automotive TIC Market, Region:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Automotive TIC Market for Periodical Technical Inspection Services, by Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Critical Questions the Report Answers

  • Where will all these developments take the industry in the mid-to-long term?
  • Which applications are expected to drive the demand for automotive TIC during the forecast period?
  • Which are the major strategies adopted by leading companies in the automotive TIC market?
  • What are the key trends prevalent in the automotive TIC market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Study Objectives
    1.2 Market Definition and Scope
    1.3 Inclusions and Exclusions
    1.4 Study Scope
           1.4.1 Markets Covered
           1.4.2 Geographic Scope
           1.4.3 Years Considered
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions
    2.5 Study Limitations

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities in Automotive TIC Market
    4.2 Market, By Service Type
    4.3 Market, By Sourcing Type
    4.4 Market, By Application
    4.5 Market, By Application (Global Market) and Region (Market in APAC)
    4.6 Market, By Country

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Automobile Production in Emerging Economies
                    5.2.1.2 Growing Inclination Toward Outsourcing TIC Services
                    5.2.1.3 Rising Focus of Governments to Impose Strict Regulatory Standards on Automotive Industry
                    5.2.1.4 Surging Adoption of Automotive Electronics to Maintain Passenger and Vehicle Safety
                    5.2.1.5 Augmenting Awareness Among Consumers Regarding Product Quality and Safety
                    5.2.1.6 Increasing Instances of Vehicle Recalls Due to Component Failures
           5.2.2 Restraints
                    5.2.2.1 Varying Regulations/Standards Across Regions
           5.2.3 Opportunities
                    5.2.3.1 Mandate of Periodic Technical Inspection (PTI) of Vehicles By Governments in Countries Such as US and Germany
                    5.2.3.2 Lucrative Opportunities Provided By Small and Medium-Sized Businesses to TIC Service Providers
                    5.2.3.3 Adoption of Electric Vehicles and Hybrid Electric Vehicles
           5.2.4 Challenges
                    5.2.4.1 Declining Global Vehicle Sales
                    5.2.4.2 Long Lead Time Required for Overseas Qualification Tests

6 Major Focus Areas for TIC Services in Automotive Applications (Page No. - 47)
    6.1 Introduction
    6.2 Functional Safety
    6.3 Adas and Safety Controller
           6.3.1 Adaptive Cruise Control (ACC)
           6.3.2 Auto Emergency Braking (AEB)
           6.3.3 Lane Departure Warning System (LDWS)
           6.3.4 Tire Pressure Monitoring System (TPMS)
           6.3.5 Pedestrian Warning/Protection System
           6.3.6 Traffic Sign Recognition
           6.3.7 Automotive Night Vision
           6.3.8 Blind Spot Detection
           6.3.9 Driver Drowsiness Detection
           6.3.10 Automatic Parking
           6.3.11 Other Adas and Safety Controllers
    6.4 Cockpit Controller
           6.4.1 Heads-Up Display (HUD)
           6.4.2 Human–Machine Interface (HMI)
           6.4.3 Other Cockpit Controllers
    6.5 Chassis and Body Controller

7 Automotive TIC Market, By Service Type (Page No. - 53)
    7.1 Introduction
    7.2 Testing Services
           7.2.1 Testing Services Assist Manufacturers in Improving Marketability of Their Products and Lowering Costs in Pre-Production Phase
    7.3 Inspection Services
           7.3.1 Vehicle Inspection Services Ensure High-Quality Production
    7.4 Certification Services
           7.4.1 Certification Services to Witness Highest CAGR in Market During 2019–2024
    7.5 Other Services

8 Automotive TIC Market, By Sourcing Type (Page No. - 61)
    8.1 Introduction
    8.2 In-House
           8.2.1 In-House Services Reduce Risks Associated With Poor Vehicle Maintenance and Enable Manufacturers to Identify Problems Instantaneously
    8.3 Outsourced
           8.3.1 Privatization of State-Owned Laboratories Will Boost Demand for TIC Services in Coming Years

9 Automotive TIC Market, By Application (Page No. - 65)
    9.1 Introduction
    9.2 Electrical Systems and Components
           9.2.1 Emc Testing Helps Improve Safety of Electric and Electronic Devices Used in Electric Vehicles
    9.3 Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems
           9.3.1 Investments Made By Worldwide Governments Would Lead to Adoption of Electric Vehicles
    9.4 Telematics
           9.4.1 Testing Services Expected to Hold Largest Market Size for Telematics Applications During Forecast Period
    9.5 Fuels, Fluids, and Lubricants
           9.5.1 Fuel, Fluid, and Lubricant Testing Ensures That Vehicle Abide With Federal Emissions and Fuel Economy Standards
    9.6 Interior and Exterior Materials and Components
           9.6.1 Continuous Changes in Trends Create Need for Improved Safety and Quality Standards for Automotive Interior and Exterior Materials
    9.7 Vehicle Inspection Services (VIS)
           9.7.1 Periodical Technical Inspection Drives Market for Vehicle Inspection Services
    9.8 Homologation Testing
           9.8.1 Homologation Testing Ensures That Vehicles Fulfill Required Emission and Safety Standards for Car Safety and Environmental Protection
    9.9 Others

10 Geographic Analysis (Page No. - 95)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 US Held Most Significant Share of North American Market in 2018
                        10.2.1.2 Strong Presence of Major Automobile Manufacturers in the Country
             10.2.2 Canada
                        10.2.2.1 Crucial Role of Ontario in Growth of Canadian Automotive Industry
             10.2.3 Mexico
                        10.2.3.1 Ranked 6th in World for Automotive Production in 2018 By Oica
                        10.2.3.2 Stringent Regulatory Standards Followed During Vehicle Production in Mexico
     10.3 Europe
             10.3.1 Germany
                        10.3.1.1 Germany’s Automotive Industry Driving Overall TIC Market Growth
             10.3.2 UK
                        10.3.2.1 Significant Presence of Manufacturers of Luxury and Sports Cars
             10.3.3 France
                        10.3.3.1 Country With Strong Transportation Sector in TIC Market
             10.3.4 Italy
                        10.3.4.1 Presence of Numerous Automobile Companies
             10.3.5 Spain
                        10.3.5.1 Second-Largest Automotive Manufacturer in Europe in 2018
             10.3.6 Rest of Europe (RoE)
                        10.3.6.1 Major Role of Russia in European Automotive Industry Growth
     10.4 Asia Pacific (APAC)
             10.4.1 China
                        10.4.1.1 Production of One-Third of World’s Total Automobilespropels TIC Services Growth in China
             10.4.2 Japan
                        10.4.2.1 World’s Third-Largest Country Producing Automobiles in 2018
             10.4.3 India
                        10.4.3.1 Government Incentives Likely to Drive Demand for TIC Services
             10.4.4 South Korea
                        10.4.4.1 Home to Major Automotive Companies
             10.4.5 Australia
                        10.4.5.1 Expert in In-House Car Manufacturing and Assembly Processes
             10.4.6 Rest of APAC
                        10.4.6.1 Improved Living Standards and Rising Per Capita Income Likely to Augment Market Growth in RoAPAC
     10.5 Rest of the World (RoW)
             10.5.1 South America
                        10.5.1.1 Brazil is World’s One of the Fastest-Growing Economies
             10.5.2 Middle East & Africa
                        10.5.2.1 Iran and South Africa are Two Major Contributors to Market Growth

11 Automotive TIC Market for Periodic Technical Inspection Services, By Region (Page No. - 121)
     11.1 Introduction
     11.2 North America
             11.2.1 US is Major Market for PTI in North America
     11.3 Europe
             11.3.1 Strong Automotive Industry in Germany Demand PTI Services in Europe
     11.4 APAC
             11.4.1 China to Exhibit Highest Growth Rate in PTI Market in APAC During 2019–2024
     11.5 Rest of World (RoW)
             11.5.1 Market for PTI Services in RoW is Still in Nascent Stage

12 Competitive Landscape (Page No. - 127)
     12.1 Overview
     12.2 Market Ranking Analysis
     12.3 Competitive Scenario
             12.3.1 Mergers and Acquisitions
             12.3.2 Expansions
             12.3.3 Product and Service Launches
             12.3.4 Partnerships, Agreements, and Contracts
             12.3.5 Other Developments
     12.4 Competitive Leadership Mapping
             12.4.1 Visionary Leaders
             12.4.2 Dynamic Differentiators
             12.4.3 Innovators
             12.4.4 Emerging Companies

13 Company Profiles (Page No. - 136)
(Business Overview, Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
     13.1 Key Players
             13.1.1 Dekra SE
             13.1.2 TUV SUD
             13.1.3 Applus+
             13.1.4 SGS Group
             13.1.5 TUV Rheinland AG Group
             13.1.6 TUV Nord Group
             13.1.7 Bureau Veritas S.A.
             13.1.8 Intertek
             13.1.9 Eurofins
             13.1.10 Element Materials
     13.2 Other Key Companies
             13.2.1 British Standards Institution (BSI)
             13.2.2 Rina S.P.A.
             13.2.3 Norges Elektriske Materiellkontroll (NEMKO)
             13.2.4 Nsf International
             13.2.5 Engineering, Quality, and Safety (EQS)
             13.2.6 Lloyd’s
             13.2.7 Mistras
             13.2.8 DNV GL
             13.2.9 UL LLC

*Details on Business Overview, Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 172)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details


List of Tables (99 Tables)

Table 1 Comparison of Major Motor Vehicle Regulations in US and EU
Table 2 Introduction/Addition of Regulatory Safety Technologies in US and Europe (1980–2018)
Table 3 Automotive TIC Market, By Service Type, 2016–2024 (USD Billion)
Table 4 Automotive Testing Service Market, By Application, 2016–2024 (USD Million)
Table 5 Automotive Inspection Service Market, By Application, 2016–2024 (USD Million)
Table 6 Automotive Certification Service Market, By Application, 2016–2024 (USD Million)
Table 7 Automotive Market for Other Services, By Application, 2016–2024 (USD Million)
Table 8 Automotive TIC Market, By Sourcing Type, 2016–2024 (USD Billion)
Table 9 In-House Automotive TIC Market, By Application, 2016–2024 (USD Million)
Table 10 Outsourced Automotive TIC Market, By Application, 2016–2024 (USD Million)
Table 11 Automotive TIC Market, By Application, 2016–2024 (USD Billion)
Table 12 Market for Electrical Systems and Components, By Sourcing Type, 2016–2024 (USD Billion)
Table 13 Market for Electrical Systems and Components, By Service Type, 2016–2024 (USD Million)
Table 14 Market for Electrical Systems and Components, By Region, 2016–2024 (USD Million)
Table 15 Market for Electrical Systems and Components in North America, By Country, 2016–2024 (USD Million)
Table 16 Market for Electrical Systems and Components in Europe, By Country, 2016–2024 (USD Million)
Table 17 Market for Electrical Systems and Components in APAC, By Country, 2016–2024 (USD Million)
Table 18 Market for Electrical Systems and Components in RoW, By Region, 2016–2024 (USD Million)
Table 19 Market for Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems, By Sourcing Type, 2016–2024 (USD Billion)
Table 20 Market for Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems, By Service Type, 2016–2024 (USD Million)
Table 21 Market for Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems, By Region, 2016–2024 (USD Million)
Table 22 Market for Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems in North America, By Country, 2016–2024 (USD Million)
Table 23 Market for Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems in Europe, By Country, 2016–2024 (USD Million)
Table 24 Market for Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems in APAC, By Country, 2016–2024 (USD Million)
Table 25 Market for Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems in RoW, By Country, 2016–2024 (USD Million)
Table 26 Market for Telematics, By Sourcing Type, 2016–2024 (USD Million)
Table 27 Market for Telematics, By Service Type, 2016–2024 (USD Million)
Table 28 Market for Telematics, By Region, 2016–2024 (USD Million)
Table 29 Market for Telematics in North America, By Country, 2016–2024 (USD Million)
Table 30 Market for Telematics in Europe, By Country, 2016–2024 (USD Million)
Table 31 Market for Telematics in APAC, By Country, 2016–2024 (USD Million)
Table 32 Market for Telematics in RoW, By Region, 2016–2024 (USD Million)
Table 33 Market for Fuels, Fluids, and Lubricants, By Sourcing Type, 2016–2024 (USD Million)
Table 34 Market for Fuels, Fluids, and Lubricants, By Service Type, 2016–2024 (USD Million)
Table 35 Market for Fuels, Fluids, and Lubricants, By Region, 2016–2024 (USD Million)
Table 36 Market for Fuels, Fluids, and Lubricants in North America, By Country, 2016–2024 (USD Million)
Table 37 Market for Fuels, Fluids, and Lubricants in Europe, By Country, 2016–2024 (USD Million)
Table 38 Market for Fuels, Fluids, and Lubricants in APAC, By Country, 2016–2024 (USD Million)
Table 39 Market for Fuels, Fluids, and Lubricants in RoW, By Region, 2016–2024 (USD Million)
Table 40 Market for Interior & Exterior Materials and Components, By Sourcing Type, 2016–2024 (USD Billion)
Table 41 Market for Interior & Exterior Materials and Components, By Service Type, 2016–2024 (USD Million)
Table 42 Market for Interior & Exterior Materials and Components, By Region, 2016–2024 (USD Million)
Table 43 Market for Interior & Exterior Materials and Components in North America, By Country, 2016–2024 (USD Million)
Table 44 Market for Interior & Exterior Materials and Components in Europe, By Country, 2016–2024 (USD Million)
Table 45 Market for Interior & Exterior Materials and Components in APAC, By Country, 2016–2024 (USD Million)
Table 46 Market for Interior & Exterior Materials and Components in RoW, By Region, 2016–2024 (USD Million)
Table 47 Market for Vehicle Inspection Services, By Sourcing Type, 2016–2024 (USD Billion)
Table 48 Market for Vehicle Inspection Services, By Service Type, 2016–2024 (USD Million)
Table 49 Market for Vehicle Inspection Services, By Region, 2016–2024 (USD Million)
Table 50 Market for Vehicle Inspection Services in North America, By Country, 2016–2024 (USD Million)
Table 51 Market for Vehicle Inspection Services in Europe, By Country, 2016–2024 (USD Million)
Table 52 Market for Vehicle Inspection Services in APAC, By Country, 2016–2024 (USD Million)
Table 53 Market for Vehicle Inspection Services in RoW, By Region, 2016–2024 (USD Million)
Table 54 Market for Homologation Testing, By Sourcing Type, 2016–2024 (USD Million)
Table 55 Market for Homologation Testing, By Service Type, 2016–2024 (USD Million)
Table 56 Market for Homologation Testing, By Region, 2016–2024 (USD Million)
Table 57 Market for Homologation Testing in North America, By Country, 2016–2024 (USD Million)
Table 58 Market for Homologation Testing in Europe, By Country, 2016–2024 (USD Million)
Table 59 Market for Homologation Testing in APAC, By Country, 2016–2024 (USD Million)
Table 60 Market for Homologation Testing in RoW, By Region, 2016–2024 (USD Million)
Table 61 Market for Other Applications, By Sourcing Type, 2016–2024 (USD Million)
Table 62 Market for Other Applications, By Service Type, 2016–2024 (USD Million)
Table 63 Market for Other Applications, By Region, 2016–2024 (USD Million)
Table 64 Market for Other Applications in North America, By Country, 2016–2024 (USD Million)
Table 65 Market for Other Applications in Europe, By Country, 2016–2024 (USD Million)
Table 66 Market for Other Applications in APAC, By Country, 2016–2024 (USD Million)
Table 67 Market for Other Applications in RoW, By Region, 2016–2024 (USD Million)
Table 68 Market, By Region, 2016–2024 (USD Billion)
Table 69 Market in North America, By Country, 2016–2024 (USD Million)
Table 70 Market in US, By Application, 2016–2024 (USD Million)
Table 71 Market in Canada, By Application,2016–2024 (USD Million)
Table 72 Market in Mexico, By Application, 2016–2024 (USD Million)
Table 73 Market in Europe, By Country, 2016–2024 (USD Million)
Table 74 Market in Germany, By Application, 2016–2024 (USD Million)
Table 75 Market in UK, By Application, 2016–2024 (USD Million)
Table 76 Market in France, By Application, 2016–2024 (USD Million)
Table 77 Market in Italy, By Application, 2016–2024 (USD Million)
Table 78 Market in Spain, By Application, 2016–2024 (USD Million)
Table 79 Market in RoE, By Application, 2016–2024 (USD Million)
Table 80 Market in APAC, By Country, 2016–2024 (USD Million)
Table 81 Market in China, By Application, 2016–2024 (USD Million)
Table 82 Market in Japan, By Application, 2016–2024 (USD Million)
Table 83 Market in India, By Application, 2016–2024 (USD Million)
Table 84 Market in South Korea, By Application, 2016–2024 (USD Million)
Table 85 Market in Australia, By Application, 2016–2024 (USD Million)
Table 86 Market in Rest of APAC, By Application, 2016–2024 (USD Million)
Table 87 Market in RoW, By Region, 2016–2024 (USD Million)
Table 88 Market in South America, By Application, 2016–2024 (USD Million)
Table 89 Market in Middle East & Africa, By Application, 2016–2024 (USD Million)
Table 90 Market for PTI Services, By Region, 2016–2024 (USD Billion)
Table 91 Market for PTI Services in North America, By Country, 2016–2024 (USD Million)
Table 92 Market for PTI Services in Europe, By Country, 2016–2024 (USD Million)
Table 93 Market in APAC for PTI Services, By Country, 2016–2024 (USD Million)
Table 94 Market for PTI Services in RoW, By Region, 2016–2024 (USD Million)
Table 95 Mergers & Acquisitions (2016–2019)
Table 96 Expansions (2016–2019)
Table 97 Product and Service Launches (2016–2019)
Table 98 Partnerships, Agreements, and Contracts (2016–2019)
Table 99 Other Developments (2016–2019)


List of Figures (35 Figures)

Figure 1 Automotive TIC Market Segmentation
Figure 2 Automotive TIC Market: Process Flow of Market Size Estimation
Figure 3 Automotive TIC Market: Research Design
Figure 4 Data Triangulation Methodology
Figure 5 Automotive TIC Market Scenario (2016–2024)
Figure 6 Market, By Service Type, 2019–2024
Figure 7 Market, By Sourcing Type, 2019–2024
Figure 8 Market, By Application, 2019–2024
Figure 9 Market, By Region, 2018
Figure 10 Increasing Automotive Production in Developing Countries to Boost Demand for Automotive TIC Services From 2019 to 2024
Figure 11 Testing Services to Hold Largest Share of Market During Forecast Period
Figure 12 Outsourced Services to Exhibit Higher CAGR in Market From 2019 to 2024
Figure 13 Vehicle Inspection Services to Hold Largest Market Size During Forecast Period
Figure 14 Vehicle Inspection Services Held Largest Share of Global Market in 2018
Figure 15 Mexico to Register Highest CAGR in Market During Forecast Period
Figure 16 Market Dynamics: Overview
Figure 17 ECU Consolidation in Automotive Electronics: 2019 vs 2020–2024
Figure 18 Growth in Global Demand for Electric Vehicles (Number of Units)
Figure 19 Vehicle Inspection Services Accounted for Largest Size of Automotive Inspection Market, By Application, in 2018
Figure 20 APAC to Witness Highest CAGR in Market During 2019–2024
Figure 21 Market Snapshot in North America
Figure 22 Market Snapshot in Europe
Figure 23 Market Snapshot in APAC
Figure 24 Companies Adopted Mergers and Acquisitions as Key Growth Strategies From January 2015 to August 2019
Figure 25 Market Ranking Analysis - Market (2018)
Figure 26 Market (Global) Competitive Leadership Mapping, 2018
Figure 27 Dekra SE: Company Snapshot
Figure 28 TUV SUD: Company Snapshot
Figure 29 Applus+: Company Snapshot
Figure 30 SGS Group: Company Snapshot
Figure 31 TUV Rheinland AG Group: Company Snapshot
Figure 32 TUV Nord: Company Snapshot
Figure 33 Bureau Veritas SA: Company Snapshot
Figure 34 Intertek: Company Snapshot
Figure 35 Eurofins: Company Snapshot

The study involved 4 major activities to estimate the size of the automotive TIC market at present. Exhaustive secondary research has been conducted to collect information about the market, the peer market, and the parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet have been referred to for the identification and collection of information for this study. Other secondary sources used during the study included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard and silver-standard websites, regulatory bodies, trade directories, and databases.

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include International Confederation of Inspection and Certification Organizations (Belgium); Hong Kong Association for Testing Inspection, and Certification Limited (Kowloon); International Federation of Inspection Agencies (UK); journals; press releases and financials of companies; white papers and certified publications and articles from recognized authors; directories; and databases.

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. Primary sources from the supply side include industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the automotive TIC market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research has been conducted to gather information, as well as verify and validate the critical numbers arrived at.

Following is the breakdown of primary respondents—

Automotive TIC Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the Automotive TIC market. These methods have also been used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the industry and market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size through the estimation process explained above, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using both top-down and bottom-up approaches.

Report Objectives

  • To describe and forecast the automotive TIC market by service type, sourcing type, application, and geography, in terms of value
  • To describe and forecast the periodic technical inspection service (PTI) market by geography To describe and forecast the automotive TIC market for various segments with regard to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), in terms of value
  • To provide detailed information about the drivers, restraints, opportunities, and challenges that influence the growth of the automotive TIC market
  • To describe major focus areas for TIC services in automotive applications
  • To analyze micromarkets1 with respect to individual growth trends, prospects, and contribution to the overall market
  • To analyze market opportunities for various stakeholders by identifying the high-growth segments of the automotive TIC market
  • To profile key players and comprehensively analyze their market positions—in terms of ranking and core competencies2—along with detailing the competitive landscape for the market leaders
  • To analyze competitive developments, such as acquisitions, expansions, service launches, partnerships, contracts, and agreements in the automotive TIC market
  • To describe and forecast the periodic technical inspection services, by region, in terms of value

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
  • Market size for 2021 and 2023 for all segments of the automotive TIC market
Report Code
SE 6416
Published ON
Oct, 2019
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