DUBLIN--(BUSINESS WIRE)--The "Global Automotive Technical Inspection & Certification Services Market (2021-2026) by service Type, Application, Sourcing Type, Use, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Automotive Technical Inspection & Certification Services Market is estimated to be USD 16.8 Bn in 2021 and is expected to reach USD 22.3 Bn by 2026, growing at a CAGR of 5.8%.
Key factors such as increasing automobile production, rising adoption of automotive electronics, and growing inclination towards outsourcing are boosting the market growth. Increasing awareness related to product quality and safety and government norms mandating Periodic Technical Inspection (PTI) of vehicles across developed economies is further escalating the market growth. In addition, rising instances of vehicle recall and increasing industrialization are providing growth opportunities to the market.
However, factors such as time-consuming and limited availability of skilled workforce are likely to restrain the market growth. Moreover, decreasing global vehicle sales is a major challenge for the market.
Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Automotive Technical Inspection & Certification Services Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Market Dynamics
Drivers
- Increasing Automobile Production in Emerging Countries
- Increasing Awareness of Vehicle Quality and Safety Features
- Rising Adoption of Automotive Electronics
- Growing Inclination Towards Outsourcing
Restraints
- Changing Environment Regulations Across Regions
- Time-Consuming Process
Opportunities
- Increasing Electric and Hybrid Vehicles
- Mandating Government Regulations for Vehicle Inspections
Challenges
- Limited Availability of Skilled Workforce
- Decreasing Global Vehicle Sales
Companies Mentioned
- Applus+
- British Standards Institutions
- Bureau Veritas
- CETECOM
- CSA
- DEKRA
- DNV
- Element Materials Technology
- Eurofins Scientific
- Intertek
- LRQA
- MISTRAS
- Norges Elektriske Materiellkontroll
- NSF International
- RINA
- SGS
- Spirent Communications
- TUV Nord
- TUV Rheinland
- TUV SUD
For more information about this report visit https://www.researchandmarkets.com/r/mrh5kd
