Automotive TIC Market

Market Leadear - Automotive TIC Market

The global automotive TIC market was valued at USD 16.5 billion in 2020 and is expected to reach USD 20.4 billion by 2025,  at a CAGR of 4.3%. 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 factors surging the demand for automotive TIC services across the world.

The automotive TIC market based on service type has been segmented into testing services, inspection services, certification services, and other services. Based on sourcing type, the automotive TIC market has been segmented into in-house and outsourced services. Based on application, the market has been segmented into electrical systems and components; electric vehicles, hybrid vehicles and battery systems; telematics; fuels, fluids and lubricants; interior and exterior materials and components, vehicle inspection services and homologation testing. The market based on geography has been segmented into 4 main regions: North America, Europe, APAC, and RoW.

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), 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). Players in this market have adopted various strategies to expand their global presence and increase their market share.\

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Top 2 Players in the Automotive TIC Market:

DEKRA SE (DEKRA) (Germany)

DEKRA SE has global presence, with more than 500 partners in over 60 countries. This allows the company to expand its market share, reduce service costs, and become more competitive. As India and China collectively account for more than half of the automobiles in the world, DEKRA has strengthened its position in China by opening its first inspection center in Shenzhen and is slated to inaugurate the second center in Beijing. The company has strong presence in the automotive application space, contributing nearly 50% to its overall business revenue in 2019. DEKRA SE inspected over 26 million vehicles globally in 2018. Also, to maintain its leadership position in the vehicle inspection market, the company is continuously investing in new and modern automotive test centers and measuring equipment—especially in Germany. In the automotive TIC market, the company focuses on improving productivity by means of optimized processes and new technologies to ensure road safety and fewer traffic fatalities, thereby reducing regulatory risks of changes in the vehicle inspection law in Europe. The company could consider focusing more toward testing and verification of connected vehicles as by 2020, a quarter of a billion vehicles on the road will have some form of built-in connectivity, which paves the way for the slow but steady transition toward automated driving.

DEKRA is continuing to grow organically through its strong market position and inorganically by targeted acquisitions.

  • In October 2017, DEKRA collaborated with the Chinese Association of Automobile Manufacturers (CAAM), automakers in China, to prepare for the future topics of electromobility, automation, and connectivity in the Chinese market.    
  • In February 2020, DEKRA entered in the emission check market in New Mexico, following the acquisition of assets in the Albuquerque metropolitan area. The eight acquired stations are the first for DEKRA in the state.

TUV SUD Group (TUV SUD) (Germany)     

TÜV SÜD focuses on innovations to work more efficiently and offer high-quality services. In the automotive TIC market, the company’s future-oriented strategy is aimed at sustainable growth and internationalization. With the expansion of its global network of testing facilities, the company aims to provide value to its customers globally and build up its business activities. TÜV SÜD’s testing facilities for emission and consumption measurements, as well as engine and roller testing rigs in Heimsheim, have witnessed extensive expansion since fall 2017 to become the largest mobility testing facility in Europe. TÜV SÜD has strong presence in Europe, with ~76% revenue generated from this region. For better revenue avenues, the company could focus on other geographies such as APAC, the Middle East, and America. The company also intends to make targeted acquisitions to move into new lines of businesses, specifically in the field of digital technologies.             

  • In August 2019, TÜV SÜD expanded its laboratory capacities in Straubing, Germany, for testing charging points and electric vehicles with power capacities of up to 360 kW.

Related Reports:

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

Mr. Aashish Mehra
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Automotive TIC Market Size,  Share & Growth Report
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