Global TIC Services for Automotive Market Size, Status and Forecast 2022

TIC Services for Automotive consists of conformity assessment bodies that provide services ranging from auditing and inspection, to testing, verification, quality assurance and certification.

The International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), international standard-setting bodies composed of representatives from various national standards organizations define the different testing, inspection and certification services in the international standard series ISO/IEC 17000:2004 Conformity assessment -- Vocabulary and general principles as:
• Testing: determination of one or more characteristics of an object of conformity assessment, according to a procedure.
• Inspection: examination of a product design, product, process or installation and determination of its conformity with specific requirements or, on the basis of professional judgement, with general requirements.
• Certification: third-party attestation related to products, processes, systems or persons.
The major players in global TIC Services for Automotive market include DEKRA, TÜV SÜD Group, Applus Services, etc. The top 3 players occupy about 70% shares of the global market. Europe and Asia-Pacific are main markets, they occupy about 75% of the global market. Testing Service is the main type, with a share about 45%. Passenger Vehicle is the main application, which holds a share about 85%.

Market Analysis and Insights: Global TIC Services for Automotive Market
The global TIC Services for Automotive market size is projected to reach US$ 22780 million by 2027, from US$ 14600 million in 2020, at a CAGR of 6.6% during 2021-2027.
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On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global TIC Services for Automotive market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global TIC Services for Automotive market.

Global TIC Services for Automotive Scope and Market Size
TIC Services for Automotive market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global TIC Services for Automotive market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Testing Service
Inspection Service
Certification Service

Segment by Application
Passenger Vehicle
Commercial Vehicle

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
DEKRA
TÜV SÜD Group
Applus Services
Bureau Veritas
TÜV Rheinland Group
TÜV Nord Group
SGS Group
Intertek Group