Global TIC Services for Automotive market cagr 12.6%

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TIC Services for Automotive Market

TIC Services for Automotive Market Scope: Industry

Analysis, Market Size, Growth, Trends Till 2031

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TIC Services for Automotive Market Size and Growth

The TIC (Testing, Inspection, and Certification) services for the automotive market are experiencing steady growth, driven by increased vehicle safety regulations and technological advancements. The global market size is projected to reach approximately $20 billion by 2025, reflecting the demand for quality assurance and compliance in the evolving automotive landscape.

Companies Covered

(Covid 19 Impact Covered)

◍ DEKRA

◍ TÜV SÜD Group

◍ Applus Services

◍ Bureau Veritas

◍ TÜV Rheinland Group

◍ TÜV Nord Group

◍ SGS Group

◍ Intertek Group

The TIC services for the automotive market involve testing, inspection, and certification. Key players include DEKRA, TÜV SÜD, Applus, Bureau Veritas, TÜV Rheinland, TÜV Nord, SGS, and Intertek, enhancing safety and compliance. Sales revenues: DEKRA (~$3.7 billion), TÜV SÜD (~$2.3 billion), Bureau Veritas (~$5.7 billion).

Market Segmentation

By Application

Passenger Vehicle

Commercial Vehicle

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By Product

Testing Service

Inspection Service

Certification Service

Market Growth

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$ X Billion USD

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