Automotive TIC market share to be valued over USD 19910 Million by 2025

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Expert verbatim infers that the worldwide Automotive TIC market is touted to grow with a CAGR of 5.4 % over the study duration 2019-2025, thereby crossing 19910 Million USD mark by 2025, which was reckoned at 16160 Million USD in 2019.

Automotive TIC Market

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The recent report on Automotive TIC market, compiled for the forecast period 2019-2025, lays emphasis on production and consumption aspects to unveil future performance of the business space. The document offers insights on the growth drivers along with major opportunities that the industry will are likely to be encountered in coming years. Further, it identifies the current and upcoming challenges along with solutions to subdue to their effects.

Automotive TIC Market Report Coverage
Report Covrage Details
Base Year: 2019
Market Size in 2019: 16160 Million (USD)
Forecast Year: 2025
Forecast Value: 19910 Million (USD)
CAGR: 5.4%
By Application: Passenger Cars, Commercial Vehicles
By Product: Testing, Inspection, Certification
By Key Players: DEKRA, TA?V Nord Group, Applus Services, TA?V SA?D Group, TA?V Rheinland Group, Bureau Veritas, Intertek Group, SGS Group

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The business intelligence report of Automotive TIC market is a collection of important datapoints, including prevailing trends, growth drivers, opportunities, and restraints, shaping the industry dynamics in terms of regional landscape and competitive arena. In addition, it emphasizes on the sizes and shares of the market segments, such as the product type and application spectrum. The research document also includes the COVID-19 implications on this vertical and suggests strategies for effective risk management and assuring high profits in the ensuing years.

Key pointers from case studies of COVID-19:

  • COVID-19 impact on social and economic status at a global and regional level.
  • Variations in supply chain and fluctuations in demand share.
  • Pre- and post-pandemic business scenario.

Overview of the regional assessment:

  • Contribution of each region to the overall market growth is examined in the report.
  • Revenue, sales, and market share of each geography are cited as well.

Other vital inclusions in the Automotive TIC market report:

  • The document segments the product terrain of the Automotive TIC market into Testing, Inspection, Certification.
  • Industry share and revenue of each product type are covered in the document.
  • Important data on production market growth, patterns, and yearly growth rate of every product category over the assessment period are given.
  • The report fragments the application spectrum of the Automotive TIC market into Passenger Cars, Commercial Vehicles.
  • Approximations for the growth rate and market share of each application segment over the forecast timespan are included with statistically supporting data.
  • Major contenders profiled in Automotive TIC market report are DEKRA, TA?V Nord Group, Applus Services, TA?V SA?D Group, TA?V Rheinland Group, Bureau Veritas, Intertek Group, SGS Group.
  • Key trends and their impact on organizations are evaluated to offer a clear understanding of the competitive dynamics of this vertical.
  • An in-depth assessment of the industry supply chain is performed by appraising the leading manufacturers, downstream clients & consumers, and raw material & equipment providers.
  • The report conducts Porter’s Five Force assessment and SWOT analysis to conclude the investment viability of a new project.

Frequently Asked Questions (FAQ) :

Automotive TIC market is likely to surpass a mammoth of 19910 Million USD by the end of 2025.
As per estimates, Automotive TIC industry would account a CAGR of 5.4 % through 2025.
The overall Automotive TIC market acquired a revenue share of 16160 Million USD in 2019.

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