Automotive TIC Market

Automotive TIC Market with COVID-19 impact, by Service (Testing, Inspection, Certification), Sourcing, Application (Vehicle Inspection, Electrical & Components), and Geography; Periodic Technical Inspection Market, by Region - Global Forecast to 2025

Report Code: SE 6416 Jul, 2020, by marketsandmarkets.com

[220 Pages Report] The global automotive TIC market is expected to grow from USD 16.5 billion in 2020 to USD 20.4 billion by 2025; it is expected to grow at a CAGR of 4.3%. The growth of this market can be attributed to the 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.

Automotive TIC Market

COVID-19 Impact on Automotive TIC Market

Due to the spread of the coronavirus, manufacturing units around the world have been shut down, footfall in showrooms have fallen sharply, and vehicle sales have taken a huge hit. Major automotive players such as Fiat Chrysler Automobiles, Ford, PSA Group, Volkswagen, Ducati, Tesla, BMW, Rolls-Royce, General Motors are among the global automotive manufacturers who have suspended their production due to the COVID-19 pandemic. With economic and industrial activity largely put on hold, it is expected that there will be a severe demand-side impact leading to a sharp decline in vehicle sales volumes. The scenario is expected to affect the market, as the growth of this is directly related to the production of vehicles. However, COVID-19 is accelerating the trend trend of digitalization in the automotive TIC market. Automotive TIC companies are now relying on software solutions to conduct audits, damage assessments, and certifications. For instance, Bureau Veritas has launched specialized digital tools for a variety of sectors to support remote operations.

Automotive TIC Market Dynamics

Drivers: Rising focus of governments to impose strict regulatory standards on the automotive industry

The global automotive industry is subject to various government regulations pertaining to passenger safety, as well as environmental concerns (emission levels, fuel economy, noise, and pollution). These regulations/standards directly impact and influence vehicle component designs. Strict government laws compel automakers to add safety features, such as seatbelts, airbags, and crumple zones, in an automobile. Major regulatory bodies impose tariffs and other trade barriers to penalize and discourage manufacturers from flouting emission and safety norms, for example, continued use of defective equipment. This forces automobile manufacturers to develop fuel-efficient vehicles with much lower emissions and also add safety features such as anti-skid braking systems (ABS); electronic brake-force distribution (EBD); airbags; and emission control systems, such as catalytic converters using turbochargers; and exhaust gas recirculation (EGR) systems.

Restraints: Varying regulations/standards across regions

With globalization in trades and businesses, distinct local regulations and standards are likely to create barriers for the acceptance of products internationally. This creates conflicts between the local and international standards, thereby hindering the market growth. Variations in regulatory standards across different regions lead to discrepancies in tax rates, thereby incurring additional costs from companies (hiring local staff to handle tax-related issues, etc.). TIC companies are subject to local laws and have to abide by the regulations and norms of countries in which they operate; this may hamper their efficiency

Opportunity: Mandate of periodic technical inspection (PTI) of vehicles by governments in countries such as the US and Germany

Periodical technical inspection (PTI) is a regulation mandated by respective governments in many countries to ensure vehicles on the road are in good technical condition and conform to safety- and emission-related regulation. To help increase roadway safety, the transportation department of any country inspects passenger and commercial motor vehicles and ensures all parts and components are in good working condition.

Challenge: Declining global vehicle sales

The COVID-19 had a severe impact on the global automotive sector. With production stoppages and lockdowns, both supply and demand for OEMs and auto part suppliers have been heavily disrupted. The lockdown in several countries that has restricted and impacted the production and sales of vehicles. The operations of some crucial companies have also been affected by COVID-19 epidemics. Most of the companies have shut down their vehicle production facilities and shifted their focus towards the manufacturing of personal protective equipment. Thus retail sales of vehicles declined drastically due to the COVID-19 pandemic and subsequent lockdown measures imposed by the different countries to contain the spread of the virus

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.

Europe to continue to hold largest market share of automotive TIC market 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. 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). However, the outbreak of COVID-19 has significantly affected the automotive sector of Europe.

Automotive TIC Market By Region

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).

Scope of the Report

Report Metric

Details

Market size available for years

2016–2025

Base year

2018

Forecast period

2020–2025

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 automotive TIC 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

Recent Developments

  • In July 2019, the Applus+ Automotive division in the US won 4 contract extensions for statutory vehicle inspections. These contracts are reinforcing Applus+ as a strong player in the US market, proving its commitment to providing governments, manufacturers, and traders with the best solutions in improving vehicle safety and reducing harmful vehicle emissions.
  • In April 2019, TÜV SÜD signed a cooperation agreement with Thailand's Ministry of Industry and the Thailand Automotive Institute (TAI) governing the establishment of a battery testing center near Bangkok. The agreement paves the way for building the largest and most modern testing center for Li-ion batteries in the Association of Southeast Asian Nations (ASEAN), involving total investments of 13.5 million euros.
  • In March 2019, DEKRA opened its first periodical vehicle inspection (PVI) station in Shenzhen to enter the largest automotive market in the world. A second station, which is being built in Beijing, is likely to open later this year, which will strengthen the presence of DEKRA SE in the Chinese market.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 27)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
    1.3 INCLUSIONS AND EXCLUSIONS
    1.4 STUDY SCOPE
           1.4.1 MARKETS COVERED
                 FIGURE 1 AUTOMOTIVE TIC MARKET SEGMENTATION
           1.4.2 GEOGRAPHIC SCOPE
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH DATA
        FIGURE 2 AUTOMOTIVE TIC MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
        FIGURE 3 AUTOMOTIVE TIC MARKET: RESEARCH DESIGN
           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
        FIGURE 4 DATA TRIANGULATION METHODOLOGY
    2.4 RESEARCH ASSUMPTIONS
    2.5 STUDY LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 40)
  FIGURE 5 AUTOMOTIVE TIC MARKET SCENARIO (2016-2025)
  FIGURE 6 MARKET, BY SERVICE TYPE, 2020 VS.2025
  FIGURE 7 MARKET, BY SOURCING TYPE, 2020 VS.2025
  FIGURE 8 MARKET, BY APPLICATION, 2020 VS.2025
  FIGURE 9 MARKET, BY REGION, 2019

4 PREMIUM INSIGHTS (Page No. - 44)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE AUTOMOTIVE TIC MARKET
        FIGURE 10 INCREASING AUTOMOTIVE PRODUCTION IN DEVELOPING COUNTRIES TO BOOST DEMAND FOR AUTOMOTIVE TIC SERVICES FROM 2020 TO 2025
    4.2 AUTOMOTIVE TIC MARKET, BY SERVICE TYPE
        FIGURE 11 TESTING SERVICES SEGMENT TO ACCOUNT FOR THE LARGEST SHARE OF MARKET DURING THE FORECAST PERIOD
    4.3 AUTOMOTIVE TIC MARKET, BY SOURCING TYPE
        FIGURE 12 OUTSOURCED SERVICES TO EXHIBIT A HIGHER CAGR IN THE MARKET FROM 2020 TO 2025
    4.4 AUTOMOTIVE TIC MARKET, BY APPLICATION
        FIGURE 13 VEHICLE INSPECTION SERVICES TO ACCOUNT FOR THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
    4.5 AUTOMOTIVE TIC MARKET, BY APPLICATION AND REGION IN APAC
        FIGURE 14 VEHICLE INSPECTION SERVICES ACCOUNTED FOR THE LARGEST SHARE OF THE GLOBAL MARKET IN 2019
    4.6 AUTOMOTIVE TIC MARKET, BY REGION
        FIGURE 15 NORTH AMERICA TO REGISTER THE HIGHEST CAGR IN THE AUTOMOTIVE
        TIC MARKET DURING THE FORECAST PERIOD 47

5 MARKET OVERVIEW (Page No. - 48)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 16 MARKET DYNAMICS: OVERVIEW
           5.2.1 DRIVERS
                    5.2.1.1 COVID-19 accelerating the trend of digitalization in the automotive TIC market
                    5.2.1.2 Increasing automobile production in emerging economies
                    5.2.1.3 Growing inclination toward outsourcing TIC services
                    5.2.1.4 Rising focus of governments to impose strict regulatory standards on the automotive industry
                    5.2.1.5 Surging adoption of automotive electronics to maintain passenger and vehicle safety
                            FIGURE 17 ECU CONSOLIDATION IN AUTOMOTIVE ELECTRONICS: 2019 VS. 2020-2025
                    5.2.1.6 Augmenting awareness among consumers regarding product quality and safety
                    5.2.1.7 Increasing instances of vehicle recalls due to component failures
           5.2.2 RESTRAINTS
                    5.2.2.1 Varying regulations/standards across regions
                            TABLE 1 COMPARISON OF MAJOR MOTOR VEHICLE REGULATIONS IN US AND EU
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Mandate of periodic technical inspection (PTI) of vehicles by governments in countries such as the 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
                            FIGURE 18 GROWTH IN GLOBAL DEMAND FOR ELECTRIC VEHICLES (NUMBER OF UNITS)
           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 COVID-19 IMPACT ON AUTOMOTIVE TIC MARKET (Page No. - 56)
  FIGURE 19 AUTOMOTIVE TIC MARKET, PRE-COVID-19 VS POST-COVID-19 IMPACT
    6.1 PRE-COVID-19 SCENARIO
    6.2 POST-COVID-19
    6.3 APPLICATION AND SERVICE IMPACT
    6.4 REGIONAL IMPACT

7 MAJOR FOCUS AREAS FOR TIC SERVICES IN AUTOMOTIVE APPLICATIONS (Page No. - 59)
    7.1 INTRODUCTION
    7.2 FUNCTIONAL SAFETY
    7.3 ADAS AND SAFETY CONTROLLER
        TABLE 2 INTRODUCTION/ADDITION OF REGULATORY SAFETY TECHNOLOGIES IN US AND EUROPE (1980-2018)
           7.3.1 ADAPTIVE CRUISE CONTROL (ACC)
           7.3.2 AUTO EMERGENCY BRAKING (AEB)
           7.3.3 LANE DEPARTURE WARNING SYSTEM (LDWS)
           7.3.4 TIRE PRESSURE MONITORING SYSTEM (TPMS)
           7.3.5 PEDESTRIAN WARNING/PROTECTION SYSTEM
           7.3.6 TRAFFIC SIGN RECOGNITION
           7.3.7 AUTOMOTIVE NIGHT VISION
           7.3.8 BLIND SPOT DETECTION
           7.3.9 DRIVER DROWSINESS DETECTION
            7.3.10 AUTOMATIC PARKING
            7.3.11 OTHER ADAS AND SAFETY CONTROLLERS
    7.4 COCKPIT CONTROLLER
           7.4.1 HEADS-UP DISPLAY (HUD)
           7.4.2 HUMAN-MACHINE INTERFACE (HMI)
           7.4.3 OTHER COCKPIT CONTROLLERS
    7.5 CHASSIS AND BODY CONTROLLER

8 AUTOMOTIVE TIC MARKET, BY SERVICE TYPE (Page No. - 65)
    8.1 INTRODUCTION
        TABLE 3 AUTOMOTIVE TIC MARKET, BY SERVICE TYPE, 2016-2019 (USD BILLION)
        TABLE 4 MARKET, BY SERVICE TYPE, 2020-2025 (USD BILLION)
    8.2 TESTING SERVICES
           8.2.1 TESTING SERVICES ASSIST MANUFACTURERS IN IMPROVING MARKETABILITY OF THEIR PRODUCTS AND LOWERING COSTS IN PRE-PRODUCTION PHASE
                 TABLE 5 AUTOMOTIVE TESTING SERVICES MARKET, BY APPLICATION, 2016-2019 (USD MILLION)
                 TABLE 6 AUTOMOTIVE TESTING SERVICES MARKET, BY APPLICATION,2020-2025 (USD MILLION)
    8.3 INSPECTION SERVICES
           8.3.1 VEHICLE INSPECTION SERVICES ENSURE HIGH-QUALITY PRODUCTION
                 TABLE 7 AUTOMOTIVE INSPECTION SERVICES MARKET, BY APPLICATION, 2016-2019 (USD MILLION)
                 TABLE 8 AUTOMOTIVE INSPECTION SERVICES MARKET, BY APPLICATION, 2020-2025 (USD MILLION)
    8.4 CERTIFICATION SERVICES
           8.4.1 CERTIFICATION SERVICES TO WITNESS HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
                 TABLE 9 AUTOMOTIVE CERTIFICATION SERVICES MARKET, BY APPLICATION, 2016-2019 (USD MILLION)
                 TABLE 10 AUTOMOTIVE CERTIFICATION SERVICES MARKET, BY APPLICATION, 2020-2025 (USD MILLION)
    8.5 OTHER SERVICES
        TABLE 11 AUTOMOTIVE MARKET FOR OTHER SERVICES, BY APPLICATION, 2016-2019 (USD MILLION)
        TABLE 12 AUTOMOTIVE MARKET FOR OTHER SERVICES, BY APPLICATION, 2020-2025 (USD MILLION)

9 AUTOMOTIVE TIC MARKET, BY SOURCING TYPE (Page No. - 74)
    9.1 INTRODUCTION
        TABLE 13 MARKET, BY SOURCING TYPE, 2016-2019 (USD BILLION)
        TABLE 14 MARKET, BY SOURCING TYPE, 2020-2025 (USD BILLION)
    9.2 IN-HOUSE
           9.2.1 IN-HOUSE SERVICES REDUCE RISKS ASSOCIATED WITH POOR VEHICLE MAINTENANCE AND ENABLE MANUFACTURERS TO IDENTIFY PROBLEMS INSTANTANEOUSLY
                 TABLE 15 IN-HOUSE MARKET, BY APPLICATION, 2016-2019 (USD MILLION)
                 TABLE 16 IN-HOUSE MARKET, BY APPLICATION, 2020-2025 (USD MILLION)
    9.3 OUTSOURCED
           9.3.1 PRIVATIZATION OF STATE-OWNED LABORATORIES WILL BOOST DEMAND FOR TIC SERVICES IN COMING YEARS
                 TABLE 17 OUTSOURCED MARKET, BY APPLICATION, 2016-2019 (USD MILLION)
                 TABLE 18 OUTSOURCED MARKET, BY APPLICATION, 2020-2025 (USD MILLION)

10 AUTOMOTIVE TIC MARKET, BY APPLICATION (Page No. - 79)
     10.1 INTRODUCTION
          TABLE 19 AUTOMOTIVE TIC MARKET, BY APPLICATION, 2016-2019 (USD MILLION)
          TABLE 20 AUTOMOTIVE TIC MARKET, BY APPLICATION, 2020-2025 (USD MILLION)
     10.2 ELECTRICAL SYSTEMS AND COMPONENTS
            10.2.1 EMC TESTING HELPS IMPROVE SAFETY OF ELECTRIC AND ELECTRONIC DEVICES USED IN ELECTRIC VEHICLES
                   TABLE 21 MARKET FOR ELECTRICAL SYSTEMS AND COMPONENTS,BY SOURCING TYPE, 2016-2019 (USD BILLION)
                   TABLE 22 MARKET FOR ELECTRICAL SYSTEMS AND COMPONENTS, BY SOURCING TYPE, 2020-2025 (USD BILLION)
                   TABLE 23 MARKET FOR ELECTRICAL SYSTEMS AND COMPONENTS, BY SERVICE TYPE, 2016-2019 (USD MILLION)
                   TABLE 24 MARKET FOR ELECTRICAL SYSTEMS AND COMPONENTS, BY SERVICE TYPE, 2020-2025 (USD MILLION)
                   TABLE 25 MARKET FOR ELECTRICAL SYSTEMS AND COMPONENTS, BY REGION, 2016-2019 (USD MILLION)
                   TABLE 26 MARKET FOR ELECTRICAL SYSTEMS AND COMPONENTS, BY REGION, 2020-2025 (USD MILLION)
     10.3 ELECTRIC VEHICLES, HYBRID ELECTRIC VEHICLES, AND BATTERY SYSTEMS
            10.3.1 INVESTMENTS MADE BY WORLDWIDE GOVERNMENTS WOULD LEAD TO ADOPTION OF ELECTRIC VEHICLES
                   TABLE 27 MARKET FOR ELECTRIC VEHICLES, HYBRID ELECTRIC VEHICLES, AND BATTERY SYSTEMS, BY SOURCING TYPE, 2016-2019 (USD BILLION)
                   TABLE 28 MARKET FOR ELECTRIC VEHICLES, HYBRID ELECTRIC VEHICLES, AND BATTERY SYSTEMS, BY SOURCING TYPE, 2020-2025 (USD MILLION)
                   TABLE 29 MARKET FOR ELECTRIC VEHICLES, HYBRID ELECTRIC VEHICLES, AND BATTERY SYSTEMS, BY SERVICE TYPE, 2017-2019 (USD MILLION)
                   TABLE 30 MARKET FOR ELECTRIC VEHICLES, HYBRID ELECTRIC VEHICLES, AND BATTERY SYSTEMS, BY SERVICE TYPE, 2020-2025 (USD MILLION)
                   TABLE 31 MARKET FOR ELECTRIC VEHICLES, HYBRID ELECTRIC VEHICLES, AND BATTERY SYSTEMS, BY REGION, 2017-2019 (USD MILLION)
                   TABLE 32 MARKET FOR ELECTRIC VEHICLES, HYBRID ELECTRIC VEHICLES, AND BATTERY SYSTEMS, BY REGION, 2020-2025 (USD MILLION)
     10.4 TELEMATICS
            10.4.1 TESTING SERVICES EXPECTED TO HOLD LARGEST MARKET SIZE FOR TELEMATICS APPLICATIONS DURING FORECAST PERIOD
                   TABLE 33 MARKET FOR TELEMATICS, BY SOURCING TYPE, 2016-2019 (USD MILLION)
                   TABLE 34 MARKET FOR TELEMATICS, BY SOURCING TYPE, 2020-2025 (USD MILLION)
                   TABLE 35 MARKET FOR TELEMATICS, BY SERVICE TYPE, 2016-2019 (USD MILLION)
                   TABLE 36 MARKET FOR TELEMATICS, BY SERVICE TYPE, 2020-2025 (USD MILLION)
                   TABLE 37 MARKET FOR TELEMATICS, BY REGION, 2016-20219 (USD MILLION)
                   TABLE 38 MARKET FOR TELEMATICS, BY REGION, 2020-2025 (USD MILLION)
     10.5 FUELS, FLUIDS, AND LUBRICANTS
            10.5.1 FUEL, FLUID, AND LUBRICANT TESTING ENSURES THAT VEHICLE ABIDE WITH FEDERAL EMISSIONS AND FUEL ECONOMY STANDARDS
                   TABLE 39 MARKET FOR FUELS, FLUIDS, AND LUBRICANTS, BY SOURCING TYPE, 2016-2019 (USD MILLION)
                   TABLE 40 MARKET FOR FUELS, FLUIDS, AND LUBRICANTS, BY SOURCING TYPE, 2020-2025 (USD MILLION)
                   TABLE 41 MARKET FOR FUELS, FLUIDS, AND LUBRICANTS, BY SERVICE TYPE, 2016-2019 (USD MILLION)
                   TABLE 42 MARKET FOR FUELS, FLUIDS, AND LUBRICANTS, BY SERVICE TYPE, 2020-2025 (USD MILLION)
                   TABLE 43 MARKET FOR FUELS, FLUIDS, AND LUBRICANTS, BY REGION, 016-2019 (USD MILLION)
                   TABLE 44 MARKET FOR FUELS, FLUIDS, AND LUBRICANTS, BY REGION, 2020-2025 (USD MILLION)
     10.6 INTERIOR AND EXTERIOR MATERIALS AND COMPONENTS
            10.6.1 CONTINUOUS CHANGES IN TRENDS CREATE NEED FOR IMPROVED SAFETY AND QUALITY STANDARDS FOR AUTOMOTIVE INTERIOR AND EXTERIOR MATERIALS
                   TABLE 45 MARKET FOR INTERIOR & EXTERIOR MATERIALS AND COMPONENTS, BY SOURCING TYPE, 2016-2019 (USD BILLION)
                   TABLE 46 MARKET FOR INTERIOR & EXTERIOR MATERIALS AND COMPONENTS, BY SOURCING TYPE, 2020-2025 (USD BILLION)
                   TABLE 47 MARKET FOR INTERIOR & EXTERIOR MATERIALS AND COMPONENTS, BY SERVICE TYPE, 2016-2019 (USD MILLION)
                   TABLE 48 MARKET FOR INTERIOR & EXTERIOR MATERIALS AND COMPONENTS, BY SERVICE TYPE, 2020-2025 (USD MILLION)
                   TABLE 49 MARKET FOR INTERIOR & EXTERIOR MATERIALS AND COMPONENTS, BY REGION, 2016-2019 (USD MILLION)
                   TABLE 50 MARKET FOR INTERIOR & EXTERIOR MATERIALS AND COMPONENTS, BY REGION, 2020-2025 (USD MILLION)
     10.7 VEHICLE INSPECTION SERVICES (VIS)
            10.7.1 PERIODICAL TECHNICAL INSPECTION DRIVES MARKET FOR VEHICLE INSPECTION SERVICES
                   TABLE 51 MARKET FOR VEHICLE INSPECTION SERVICES, BY SOURCING TYPE, 2016-2019 (USD BILLION)
                   TABLE 52 MARKET FOR VEHICLE INSPECTION SERVICES, BY SOURCING TYPE, 2020-2025 (USD BILLION)
                   TABLE 53 MARKET FOR VEHICLE INSPECTION SERVICES, BY SERVICE TYPE, 2016-2019 (USD MILLION)
                   TABLE 54 MARKET FOR VEHICLE INSPECTION SERVICES, BY SERVICE TYPE, 2020-2025 (USD MILLION)
                   TABLE 55 MARKET FOR VEHICLE INSPECTION SERVICES, BY REGION, 2016-2019 (USD MILLION)
                   TABLE 56 MARKET FOR VEHICLE INSPECTION SERVICES, BY REGION, 2020-2025 (USD MILLION)
     10.8 HOMOLOGATION TESTING
            10.8.1 HOMOLOGATION TESTING ENSURES THAT VEHICLES FULFIL REQUIRED EMISSION AND SAFETY STANDARDS FOR CAR SAFETY AND ENVIRONMENTAL PROTECTION
                   TABLE 57 MARKET FOR HOMOLOGATION TESTING, BY SOURCING TYPE, 2016-2019 (USD MILLION)
                   TABLE 58 MARKET FOR HOMOLOGATION TESTING, BY SOURCING TYPE, 2020-2025 (USD MILLION)
                   TABLE 59 MARKET FOR HOMOLOGATION TESTING, BY SERVICE TYPE, 2016-2019 (USD MILLION)
                   TABLE 60 MARKET FOR HOMOLOGATION TESTING, BY SERVICE TYPE, 2020-2025 (USD MILLION)
                   TABLE 61 MARKET FOR HOMOLOGATION TESTING, BY REGION, 2016-2019 (USD MILLION)
                   TABLE 62 MARKET FOR HOMOLOGATION TESTING, BY REGION, 2020-2025 (USD MILLION)
     10.9 OTHERS
                   TABLE 63 MARKET FOR OTHER APPLICATIONS, BY SOURCING TYPE, 2016-2019 (USD MILLION)
                   TABLE 64 MARKET FOR OTHER APPLICATIONS, BY SOURCING TYPE, 2020-2025 (USD MILLION)
                   TABLE 65 MARKET FOR OTHER APPLICATIONS, BY SERVICE TYPE, 2016-2019 (USD MILLION)
                   TABLE 66 MARKET FOR OTHER APPLICATIONS, BY SERVICE TYPE, 2020-2025 (USD MILLION)
                   TABLE 67 MARKET FOR OTHER APPLICATIONS, BY REGION, 2016-2019 (USD MILLION)
                   TABLE 68 MARKET FOR OTHER APPLICATIONS, BY REGION, 2020-2025 (USD MILLION)
 
11 GEOGRAPHIC ANALYSIS (Page No. - 101)
     11.1 INTRODUCTION
          FIGURE 20 NORTH AMERICA TO WITNESS HIGHEST CAGR IN AUTOMOTIVE TIC MARKET DURING 2020-2025
          TABLE 69 AUTOMOTIVE TIC MARKET, BY REGION, 2016-2019 (USD BILLION)
          TABLE 70 AUTOMOTIVE TIC MARKET, BY REGION, 2020-2025 (USD BILLION)
     11.2 NORTH AMERICA
          FIGURE 21 MARKET SNAPSHOT IN NORTH AMERICA
          TABLE 71 MARKET IN NORTH AMERICA, BY COUNTRY, 2016-2019 (USD MILLION)
          TABLE 72 MARKET IN NORTH AMERICA, BY COUNTRY, 2020-2025 (USD MILLION)
          TABLE 73 MARKET IN NORTH AMERICA, BY APPLICATION, 2016-2019 (USD MILLION)
          TABLE 74 MARKET IN NORTH AMERICA, BY APPLICATION, 2020-2025 (USD MILLION)
            11.2.1 US
                       11.2.1.1 The US held the most significant share of the North American market in 2019
                                TABLE 75 MARKET IN THE US, BY APPLICATION, 2016-2019 (USD MILLION)
                                TABLE 76 MARKET IN THE US, BY APPLICATION, 2020-2025 (USD MILLION)
                       11.2.1.2 Strong presence of major automobile manufacturers in the country
            11.2.2 CANADA
                       11.2.2.1 Crucial role of Ontario in the growth of the Canadian automotive industry
                                TABLE 77 MARKET IN CANADA, BY APPLICATION, 2016-2019 (USD MILLION)
                                TABLE 78 MARKET IN CANADA, BY APPLICATION, 2020-2025 (USD MILLION)
            11.2.3 MEXICO
                       11.2.3.1 Ranked 6th in the world in automotive production in 2018 by OICA
                       11.2.3.2 Stringent regulatory standards followed during vehicle production in Mexico
                                TABLE 79 MARKET IN MEXICO, BY APPLICATION, 2016-2019 (USD MILLION)
                                TABLE 80 MARKET IN MEXICO, BY APPLICATION, 2020-2025 (USD MILLION)
     11.3 EUROPE
          FIGURE 22 MARKET SNAPSHOT IN EUROPE
          TABLE 81 MARKET IN EUROPE, BY COUNTRY, 2016-2019 (USD MILLION)
          TABLE 82 MARKET IN EUROPE, BY COUNTRY, 2020-2025 (USD MILLION)
          TABLE 83 MARKET IN EUROPE, BY APPLICATION, 2016-2019 (USD MILLION)
          TABLE 84 MARKET IN EUROPE, BY APPLICATION, 2020-2025 (USD MILLION)
            11.3.1 GERMANY
                       11.3.1.1 Germany's automotive industry driving overall TIC market growth
                                TABLE 85 MARKET IN GERMANY, BY APPLICATION, 2016-2019 (USD MILLION)
                                TABLE 86 MARKET IN GERMANY, BY APPLICATION, 2020-2025 (USD MILLION)
            11.3.2 UK
                       11.3.2.1 Significant presence of manufacturers of luxury and sports cars
                                TABLE 87 MARKET IN THE UK, BY APPLICATION, 2016-2019 (USD MILLION)
                                TABLE 88 MARKET IN THE UK, BY APPLICATION, 2020-2025 (USD MILLION)
            11.3.3 FRANCE
                       11.3.3.1 Country with strong transportation sector in TIC market
                                TABLE 89 MARKET IN FRANCE, BY APPLICATION, 2016-2019 (USD MILLION)
                                TABLE 90 MARKET IN FRANCE, BY APPLICATION, 2020-2025 (USD MILLION)
            11.3.4 ITALY
                       11.3.4.1 Presence of numerous automobile companies
                                TABLE 91 MARKET IN ITALY, BY APPLICATION, 2016-2019 (USD MILLION)
                                TABLE 92 MARKET IN ITALY, BY APPLICATION, 2020-2025 (USD MILLION)
            11.3.5 SPAIN
                       11.3.5.1 Second-largest automotive manufacturer in Europe in 2018
                                TABLE 93 MARKET IN SPAIN, BY APPLICATION, 2016-2019 (USD MILLION)
                                TABLE 94 MARKET IN SPAIN, BY APPLICATION, 2020-2025 (USD MILLION)
            11.3.6 REST OF EUROPE (ROE)
                       11.3.6.1 Major role of Russia in the European automotive industry growth
                                TABLE 95 MARKET IN ROE, BY APPLICATION, 2016-2019 (USD MILLION)
                                TABLE 96 MARKET IN ROE, BY APPLICATION, 2020-2025(USD MILLION)
     11.4 ASIA PACIFIC (APAC)
          FIGURE 23 MARKET SNAPSHOT IN APAC
          TABLE 97 MARKET IN APAC, BY COUNTRY, 2016-2019 (USD MILLION)
          TABLE 98 MARKET IN APAC, BY COUNTRY, 2020-2025 (USD MILLION)
          TABLE 99 MARKET IN APAC, BY APPLICATION, 2016-2019 (USD MILLION)
                                TABLE 100 MARKET IN APAC, BY APPLICATION, 2020-2025 (USD MILLION)
            11.4.1 CHINA
                       11.4.1.1 Production of one-third of the world's total automobiles propels TIC services growth in China
                                TABLE 101 MARKET IN CHINA, BY APPLICATION, 2016-2019 (USD MILLION)
                                TABLE 102 MARKET IN CHINA, BY APPLICATION, 2020-2025 (USD MILLION)
            11.4.2 JAPAN
                       11.4.2.1 World's third-largest country producing automobiles in 2018
                                TABLE 103 MARKET IN JAPAN, BY APPLICATION, 2016-2019 (USD MILLION)
                                TABLE 104 MARKET IN JAPAN, BY APPLICATION, 2020-2025 (USD MILLION)
            11.4.3 INDIA
                       11.4.3.1 Government incentives likely to drive demand for TIC services
                                TABLE 105 MARKET IN INDIA, BY APPLICATION, 2016-2019 (USD MILLION)
                                TABLE 106 MARKET IN INDIA, BY APPLICATION, 2020-2025 (USD MILLION)
            11.4.4 SOUTH KOREA
                       11.4.4.1 Home to major automotive companies
                                TABLE 107 MARKET IN SOUTH KOREA, BY APPLICATION, 2016-2019 (USD MILLION)
                                TABLE 108 MARKET IN SOUTH KOREA, BY APPLICATION, 2020-2025 (USD MILLION)
            11.4.5 AUSTRALIA
                       11.4.5.1 Expert in in-house car manufacturing and assembly processes
                                TABLE 109 MARKET IN AUSTRALIA, BY APPLICATION, 2016-2019 (USD MILLION)
                                TABLE 110 MARKET IN AUSTRALIA, BY APPLICATION, 2020-2025 (USD MILLION)
            11.4.6 REST OF APAC
                       11.4.6.1 Improved living standards and rising per capita income likely to augment automotive TIC market growth in RoAPAC
                                TABLE 111 MARKET IN REST OF APAC, BY APPLICATION, 2016-2019 (USD MILLION)
                                TABLE 112 MARKET IN REST OF APAC, BY APPLICATION, 2020-2025 (USD MILLION)
     11.5 REST OF THE WORLD (ROW)
          TABLE 113 AUTOMOTIVE TIC MARKET IN ROW, BY REGION, 2016-2019 (USD MILLION)
          TABLE 114 MARKET IN ROW, BY REGION, 2020-2025 (USD MILLION)
          TABLE 115 MARKET IN ROW, BY APPLICATION, 2016-2019 (USD MILLION)
          TABLE 116 MARKET IN ROW, BY APPLICATION, 2020-2025 (USD MILLION)
            11.5.1 SOUTH AMERICA
                       11.5.1.1 Brazil is world's one of the fastest-growing economies
                                TABLE 117 MARKET IN SOUTH AMERICA, BY APPLICATION, 2016-2019 (USD MILLION)
                                TABLE 118 MARKET IN SOUTH AMERICA, BY APPLICATION, 2020-2025 (USD MILLION)
            11.5.2 MIDDLE EAST & AFRICA
                       11.5.2.1 Iran and South Africa are two major contributors to market growth
                                TABLE 119 MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION, 2016-2019 (USD MILLION)
                                TABLE 120 MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION, 2020-2025 (USD MILLION)

12 AUTOMOTIVE TIC MARKET FOR PERIODIC TECHNICAL INSPECTION SERVICES, BY REGION (Page No. - 135)
     12.1 INTRODUCTION
          TABLE 121 AUTOMOTIVE TIC MARKET FOR PTI SERVICES, BY REGION, 2016-2019 (USD BILLION)
          TABLE 122 MARKET FOR PTI SERVICES, BY REGION, 2020-2025 (USD BILLION)
     12.2 NORTH AMERICA
            12.2.1 US IS MAJOR MARKET FOR PTI IN NORTH AMERICA
                   TABLE 123 MARKET FOR PTI SERVICES IN NORTH AMERICA, BY COUNTRY, 2016-2019 (USD MILLION)
                   TABLE 124 MARKET FOR PTI SERVICES IN NORTH AMERICA, BY COUNTRY, 2020-2025 (USD MILLION)
     12.3 EUROPE
            12.3.1 STRONG AUTOMOTIVE INDUSTRY IN GERMANY DEMAND PTI SERVICES IN EUROPE
                   TABLE 125 MARKET FOR PTI SERVICES IN EUROPE, BY COUNTRY, 2016-2019 (USD MILLION)
                   TABLE 126 MARKET FOR PTI SERVICES IN EUROPE, BY COUNTRY, 2020-2025 (USD MILLION)
     12.4 APAC
            12.4.1 CHINA TO EXHIBIT HIGHEST GROWTH RATE IN PTI MARKET IN APAC DURING FORECAST PERIOD
                   TABLE 127 MARKET IN APAC FOR PTI SERVICES, BY COUNTRY, 2016-2019 (USD MILLION)
                   TABLE 128 MARKET IN APAC FOR PTI SERVICES, BY COUNTRY, 2020-2025 (USD MILLION)
     12.5 REST OF WORLD (ROW)
            12.5.1 MARKET FOR PTI SERVICES IN ROW IS STILL IN NASCENT STAGE
                   TABLE 129 MARKET FOR PTI SERVICES IN ROW, BY REGION, 2016-2019 (USD MILLION)
                   TABLE 130 AUTOMOTIVE TIC MARKET FOR PTI SERVICES IN ROW, BY REGION, 2020-2025 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 142)
     13.1 OVERVIEW
FIGURE 24 COMPANIES ADOPTED MERGERS AND ACQUISITIONS AS KEY GROWTH STRATEGIES FROM JANUARY 2015 TO AUGUST 2019
     13.2 MARKET RANKING ANALYSIS
          FIGURE 25 MARKET RANKING ANALYSIS - AUTOMOTIVE TIC MARKET (2018)
     13.3 COMPETITIVE SCENARIO
            13.3.1 MERGERS AND ACQUISITIONS
                   TABLE 131 MERGERS & ACQUISITIONS (2017-2020)
            13.3.2 EXPANSIONS
                   TABLE 132 EXPANSIONS (2016-2020)
            13.3.3 PRODUCT AND SERVICE LAUNCHES
                   TABLE 133 PRODUCT AND SERVICE LAUNCHES (2016-2019)
            13.3.4 PARTNERSHIPS, AGREEMENTS, AND CONTRACTS
                   TABLE 134 PARTNERSHIPS, AGREEMENTS, AND CONTRACTS (2016-2020)
            13.3.5 OTHER DEVELOPMENTS
                   TABLE 135 OTHER DEVELOPMENTS (2016-2019)
     13.4 COMPETITIVE LEADERSHIP MAPPING
            13.4.1 VISIONARY LEADERS
            13.4.2 DYNAMIC DIFFERENTIATORS
            13.4.3 INNOVATORS
            13.4.4 EMERGING COMPANIES
                   FIGURE 26 AUTOMOTIVE TIC MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2018

14 COMPANY PROFILES (Page No. - 150)
(Business Overview, Services offered, Recent Developments, SWOT Analysis, and MnM View)*
     14.1 KEY PLAYERS
            14.1.1 DEKRA SE
                   FIGURE 27 DEKRA SE: COMPANY SNAPSHOT
            14.1.2 TÜV SÜD
                   FIGURE 28 TÜV SÜD: COMPANY SNAPSHOT
            14.1.3 APPLUS+
                   FIGURE 29 APPLUS+: COMPANY SNAPSHOT
            14.1.4 SGS GROUP
                   FIGURE 30 SGS GROUP: COMPANY SNAPSHOT
            14.1.5 TÜV RHEINLAND AG GROUP
                   FIGURE 31 TÜV RHEINLAND AG GROUP: COMPANY SNAPSHOT
            14.1.6 TÜV NORD GROUP
                   FIGURE 32 TÜV NORD: COMPANY SNAPSHOT
            14.1.7 BUREAU VERITAS S.A.
                   FIGURE 33 BUREAU VERITAS SA: COMPANY SNAPSHOT
            14.1.8 INTERTEK
                   FIGURE 34 INTERTEK: COMPANY SNAPSHOT
            14.1.9 EUROFINS
                   FIGURE 35 EUROFINS: COMPANY SNAPSHOT
             14.1.10 ELEMENT MATERIALS
14.2 OTHER KEY COMPANIES
            14.2.1 BRITISH STANDARDS INSTITUTION (BSI)
            14.2.2 RINA S.P.A.
            14.2.3 NORGES ELEKTRISKE MATERIELLKONTROLL (NEMKO)
            14.2.4 NSF INTERNATIONAL
            14.2.5 ENGINEERING, QUALITY, AND SAFETY (EQS)
            14.2.6 LLOYD'S
            14.2.7 MISTRAS
            14.2.8 DNV GL
            14.2.9 UL LLC
*Details on Business Overview, Services offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

15 ADJACENT AND RELATED MARKET (Page No. - 187)
     15.1 INTRODUCTION
     15.2 LIMITATIONS
     15.3 TESTING INSPECTION AND CERTIFICATION MARKET
            15.3.1 MARKET DEFINITION
                   TABLE 136 TIC MARKET, BY SERVICE TYPE, 2017-2025 (USD BILLION)
                   TABLE 137 TIC MARKET, BY SOURCING TYPE, 2017-2025 (USD BILLION)
                   TABLE 138 TIC MARKET, BY APPLICATION, 2017-2025 (USD MILLION)
                   TABLE 139 TIC MARKET, BY REGION, 2017-2025 (USD BILLION)
                   TABLE 140 TIC MARKET IN NORTH AMERICA, BY COUNTRY, 2017-2025 (USD BILLION)
                   TABLE 141 TIC MARKET IN US, BY APPLICATION, 2017-2025 (USD MILLION)
                   TABLE 142 TIC MARKET IN US, BY SERVICE TYPE, 2017-2025 (USD BILLION)
                   TABLE 143 TIC MARKET IN US, BY SOURCING TYPE, 2017-2025 (USD BILLION)
                   TABLE 144 TIC MARKET IN CANADA, BY APPLICATION, 2017-2025 (USD MILLION)
                   TABLE 145 TIC MARKET IN CANADA, BY SERVICE TYPE, 2017-2025 (USD MILLION)
                   TABLE 146 TIC MARKET IN CANADA, BY SOURCING TYPE, 2017-2025 (USD MILLION)
                   TABLE 147 TIC MARKET IN MEXICO, BY SERVICE TYPE, 2017-2025 (USD MILLION)
                   TABLE 148 TIC MARKET IN MEXICO, BY SOURCING TYPE, 2017-2025 (USD MILLION)
                   TABLE 149 TIC MARKET IN MEXICO, BY APPLICATION, 2017-2025 (USD MILLION)
                   TABLE 150 TIC MARKET IN EUROPE, BY COUNTRY, 2017-2025 (USD MILLION)
                   TABLE 151 TIC MARKET IN GERMANY, BY APPLICATION, 2017-2025 (USD MILLION)
                   TABLE 152 TIC MARKET IN GERMANY, BY SERVICE TYPE, 2017-2025 (USD MILLION)
                   TABLE 153 TIC MARKET IN GERMANY, BY SOURCING TYPE, 2017-2025 (USD MILLION)
                   TABLE 154 TIC MARKET IN UK, BY APPLICATION, 2017-2025 (USD MILLION)
                   TABLE 155 TIC MARKET IN UK, BY SERVICE TYPE, 2017-2025 (USD MILLION)
                   TABLE 156 TIC MARKET IN UK, BY SOURCING TYPE, 2017-2025 (USD MILLION)
                   TABLE 157 TIC MARKET IN FRANCE, BY APPLICATION, 2017-2025 (USD MILLION)
                   TABLE 158 TIC MARKET IN FRANCE, BY SERVICE TYPE, 2017-2025 (USD MILLION)
                   TABLE 159 TIC MARKET IN FRANCE, BY SOURCING TYPE, 2017-2025 (USD MILLION)
                   TABLE 160 TIC MARKET IN ITALY, BY APPLICATION, 2017-2025 (USD MILLION)
                   TABLE 161 TIC MARKET IN ITALY, BY SERVICE TYPE, 2017-2025 (USD MILLION)
                   TABLE 162 TIC MARKET IN ITALY, BY SOURCING TYPE, 2017-2025 (USD MILLION)
                   TABLE 163 TIC MARKET IN SPAIN, BY APPLICATION, 2017-2025 (USD MILLION)
                   TABLE 164 TIC MARKET IN SPAIN, BY SERVICE TYPE, 2017-2025 (USD MILLION)
                   TABLE 165 TIC MARKET IN SPAIN, BY SOURCING TYPE, 2017-2025 (USD MILLION)
                   TABLE 166 TIC MARKET IN APAC, BY COUNTRY, 2017-2025 (USD MILLION)
                   TABLE 167 TIC MARKET IN CHINA, BY APPLICATION, 2017-2025 (USD MILLION)
                   TABLE 168 TIC MARKET IN CHINA, BY SERVICE TYPE, 2017-2025 (USD MILLION)
                   TABLE 169 TIC MARKET IN CHINA, BY SOURCING TYPE, 2017-2025 (USD MILLION)
                   TABLE 170 TIC MARKET IN JAPAN, BY APPLICATION, 2017-2025 (USD MILLION)
                   TABLE 171 TIC MARKET IN JAPAN, BY SERVICE TYPE, 2017-2025 (USD MILLION)
                   TABLE 172 TIC MARKET IN JAPAN, BY SOURCING TYPE, 2017-2025 (USD MILLION)
                   TABLE 173 TIC MARKET IN INDIA, BY APPLICATION, 2017-2025 (USD MILLION)
                   TABLE 174 TIC MARKET IN INDIA, BY SERVICE TYPE, 2017-2025 (USD MILLION)
                   TABLE 175 TIC MARKET IN INDIA, BY SOURCING TYPE, 2017-2025 (USD MILLION)
                   TABLE 176 TIC MARKET IN SOUTH KOREA, BY APPLICATION, 2017-2025 (USD MILLION)
                   TABLE 177 TIC MARKET IN SOUTH KOREA, BY SERVICE TYPE, 2017-2025 (USD MILLION)
                   TABLE 178 TIC MARKET IN SOUTH KOREA, BY SOURCING TYPE, 2017-2025 (USD MILLION)
                   TABLE 179 TIC MARKET IN AUSTRALIA, BY APPLICATION, 2017-2025 (USD MILLION)
                   TABLE 180 TIC MARKET IN AUSTRALIA, BY SERVICE TYPE, 2017-2025 (USD MILLION)
                   TABLE 181 TIC MARKET IN AUSTRALIA, BY SOURCING TYPE, 2017-2025 (USD MILLION)
                   TABLE 182 TIC MARKET IN ROW, BY REGION, 2017-2025 (USD MILLION)
 
16 APPENDIX (Page No. - 212)
     16.1 INSIGHTS OF INDUSTRY EXPERTS
     16.2 DISCUSSION GUIDE
     16.3 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
     16.4 AVAILABLE CUSTOMIZATIONS
     16.5 RELATED REPORTS
     16.6 AUTHOR DETAILS

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, the parent market and the impact of COVID-19 outbreak in the said 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 size

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.

Global Automotive TIC Market Size Bottom-Up Approach

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
  • To analyze the market penetration of the automotive TIC market through secondary and primary research, for both pre- and post-COVID-19 scenarios

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
COVID-19

Get in-depth analysis of the COVID-19 impact on the Automotive TIC Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Automotive TIC Market

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