Global Automotive Testing Inspection and Certification Market Size 2024, Forecast To 2033
15 Feb, 2024
The automotive testing, inspection, and certification market has exhibited steady growth, increasing from $20.58 billion in 2023 to $21.17 billion in 2024 at a 2.8% CAGR. Historical growth is attributed to the increasing complexity of automotive technologies, stringent government regulations for vehicle safety and emissions, globalization and expansion of automotive supply chains, growing consumer awareness and demand for quality and safety, and increased automobile production. Forecasts suggest steady growth, projecting the market to reach $24.03 billion in 2028, showcasing a 3.2% CAGR. Growth drivers include rising adoption of electric and hybrid vehicles, increasing focus on sustainable and eco-friendly certification processes, the increasing complexity of automotive technologies, stringent regulatory landscape, and growing demand for enhanced safety and comfort. Major trends include technological advancements in testing and inspection equipment, a rise in demand for third-party testing and certification services, the development of integrated and automated testing solutions, growing importance of data analytics in testing and inspection, and a shift towards virtual testing and simulation for efficiency and cost-effectiveness.
Global Automotive Testing Inspection and Certification Market Key Driver
The increase in automobile production is a key factor propelling the growth of the automotive testing, inspection, and certification market. The rise in sales of commercial vehicles, as reported by the Society of Indian Automobile Manufacturers, drives the need for testing and certification to ensure safety and durability. With commercial vehicle sales growing from 5.7 million to 7.2 million units, the automotive testing, inspection, and certification market experience significant growth.
Get A Free Sample Of The Global Automotive Testing Inspection and Certification Market ReportGlobal Automotive Testing Inspection and Certification Market Segments
The automotive testing, inspection and certification market covered in this report is segmented –
1) By Service Type: Testing Services, Inspection Services, Certification Services, Other Services
2) By Sourcing Type: In-house, Outsourced
3) By Application: Electrical Systems and Components, Telematics, Interior and Exterior Materials and Components, Fluids and Lubricants, Vehicle Inspection Services, Homologation Testing, Other Applications
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the automotive testing inspection and certification market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive testing, inspection and certification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Automotive Testing Inspection and Certification Industry Players
SGS SA; Bureau Veritas SA; Intertek Group plc; Dekra SE; Applus Services SA; Eurofins Scientific SE; MISTRAS Group Inc.; Element Materials Technology; The British Standards Institution; TUV Nord Group; NSF International; RINA SpA; ALS Limited; DNV GL; Robert Bosch GmbH; Exova Group Limited; SAI Global Limited; Lloyd's Register Group Limited; Kiwa NV; National Technical Systems Inc.; BSI Group; National Testing Service; Technischer Überwachungsverein Süd; Aerovate Certification B. V.; Movon Corporation; Automotive Technology and Information Consulting Co. Ltd.; 3M Company; Hager Group; Siemens AG; Mitsubishi Electric Corporation; NXP Semiconductors NV; Infineon Technologies AG; Continental AG; ZF Friedrichshafen AG; Magna International Inc.; Delphi Automotive plc
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Automotive Testing Inspection and Certification Market Overview
Automotive testing inspection and certification refer to certifying automotive vehicles and their components as per the requirements of regulatory and statutory standards that help to check whether vehicles meet customer expectations and various statutory standards. These services are used to ensure the automotive product complies with automotive safety and quality standards.
Automotive Testing Inspection and Certification Global Market Report 2023 provides data on the global automotive testing inspection and certification market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive testing inspection and certification market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.