The automotive TIC market report has estimations of CAGR values which are very important for businesses in deciding upon the investment value over the time period. The report brings into focus studies about market definition, market segmentation, and competitive analysis in the market. The precise and state-of-the-art information provided via this automotive TIC report helps businesses get aware about the types of consumers, consumer’s demands and preferences, their point of view about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the market.
This market research report identifies, estimates, and analyses the emerging trends along with major drivers, restraints, challenges and opportunities in the market. The research and analysis carried out in this automotive TIC report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. The use of proven tools such as SWOT analysis and Porter’s Five Forces analysis are very helpful in creating such a top-notch automotive TIC market research report. Estimations of CAGR values, market drivers and market restraints helps businesses decide upon several strategies.
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The Global Automotive TIC Market is expected to reach USD 31.6 billion by 2025, from USD 18.11 billion in 2017 growing at a CAGR of 7.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Key Insights in the report:
Historical and current market size and projection up to 2025
Market trends impacting the growth of the global automotive TIC market
Analyze and forecast automotive TIC market on the basis of service type, sourcing type, and application
Trends of key regional and country-level markets for service type, sourcing type, and application
Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
Key Market Competitors:
The key players operating in the global automotive TIC market are –
Applus Services SA
Bureau Veritas SA
Intertek Group PLC
The other players in the market are TUV Nord Group, Eurofins Scientific, ASTM International, Element Materials Technology, Lloyd’s Register Group Limited, Mistras Group, Inc, DNV GL Group AS, Rina S.P.A., Norges Elektriske Materiellkontroll, Dekra Certification GmbH, ALS Limited, BSI Group, SAI Global Limited, and UL LLC among other.
In, July, 2018, SGS SA invested in new accreditations, laboratory services, testing facilities and parameters which will hlp the company with latest development, capabilities and new service available.
Growth in automotive production worldwide
Raising awareness about safety among consumers
Stringent regulations and standards in automotive industry
Varying regulations and standards across regions
Time consuming for the overseas qualification test
TABLE OF CONTENTS
1.1. Market Definitions
1.2. Research Methodology
1.3. Market Segmentation
3.4. Premium Market Trends
4.1. Value Chain Analysis
4.2. Technology Roadmap
4.3. Market Attractiveness Analysis
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Segmentation: Global Automotive TIC Market
By Service Type
By Sourcing Type
Electrical Systems and Components
Vehicle Inspection Services
Interior & Exterior Materials
Middle East & Africa
Competitive Landscape: Global Automotive TIC Market
The global automotive TIC market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Automotive TIC market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Data Bridge Market Research