Introduction
The Automotive Testing, Inspection, and Certification (TIC) market is gearing up for substantial growth, with a projected CAGR of 2.2% from 2020 to 2027. Valued at $17.2 billion by 2027, this expansion is attributed to various factors, including the surge in automobile production in emerging markets, stringent regulatory standards, and an uptick in vehicle recalls due to component failures. The market is also witnessing opportunities fueled by the rising adoption of electric vehicles, heightened consumer awareness regarding product quality and safety, and the integration of technological advancements in the automotive industry.
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Top 10 Companies in the Automotive TIC Market
- Eurofins Scientific SE
Eurofins Scientific is a global leader in life sciences, offering analytical testing services across diverse industries. With a robust presence in food, environmental, pharmaceutical, and cosmetic product testing, Eurofins ensures safety and authenticity. Subsidiaries like Lancaster Laboratories and MET Laboratories contribute to its significant footprint in Japan and China.
- SGS SA
As the foremost inspection, verification, testing, and certification company, SGS sets the global benchmark for quality and integrity. Operating in nine business segments, including Transportation, SGS provides comprehensive automotive services worldwide, with subsidiaries such as SGS United Kingdom Ltd. and SGS Australia.
- Bureau Veritas S.A.
Bureau Veritas, a world leader in testing, inspection, and certification, operates in six key segments. With subsidiaries like LCIE Bureau Veritas, the company has a global presence, offering its services in the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
- Dekra SE
Dekra SE specializes in ensuring human safety in technology and the environment. With services ranging from vehicle inspection to safety consultancy, Dekra has a significant presence in China, the US, South Africa, and New Zealand through subsidiaries like Dekra Akademie.
- DNV GL
DNV GL is a global provider of assurance services, offering classification, technical assurance, and expert advisory services. With subsidiaries like GL Garrad Hassan Canada Inc., DNV GL spans the Nordic countries, Europe, Africa, Asia-Pacific, and North and South America.
- TÜV SÜD
TÜV SÜD, a global technical service provider, operates across three segments—Industry, Mobility, and Certification. With a presence in Europe, the Americas, and Asia, TÜV SÜD ensures progress by protecting people, the environment, and assets.
- TÜV Rheinland Ag Group
TÜV Rheinland AG Group is a global leader in independent inspection services, overseeing technical equipment, products, and services. With a commitment to sustainability, TÜV Rheinland operates globally through subsidiaries like TUV Rheinland of North America.
- Applus+
Applus+ is a leading testing, inspection, and certification company, providing solutions across Energy & Industry, Laboratories, Automotive, and IDIDA segments. Operating globally, Applus+ ensures that assets and products meet quality and environmental standards.
- Intertek Group PLC
Intertek Group is a multinational assurance, inspection, testing, and certification company. With operations in the US, China, the UK, and other countries, Intertek delivers innovative solutions in the Product, Trade, and Resources segments.
- Lloyd’s Register Group Limited
Lloyd’s Register Group offers professional services for engineering and technology, focusing on safety and performance improvement. Operating in three segments, including Marine & Offshore and Energy, Lloyd’s Register has a global presence.
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Market Growth and Future Outlook
Meticulous Research predicts a growth rate of 2.2% in the Automotive TIC Market for the forecast years 2020-2027. For a more detailed analysis, including recent financial performance, key products, company strategies, and market trends, refer to Meticulous Research®’s authoritative report: Automotive TIC Market – Global Opportunity Analysis and Industry Forecast (2020-2027). This comprehensive report covers each company in detail, providing valuable insights for industry professionals and enthusiasts alike.
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