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Automotive Testing, Inspection And Certification Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Automotive Testing, Inspection And Certification Market
Automotive Testing, Inspection and Certification Market Size, Growth Rate, And Forecast
The global automotive testing, inspection and certification market size grew from $20.24 billion in 2022 to $20.8 billion in 2023 at a compound annual growth rate (CAGR) of 2.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive testing, inspection and certification market size is expected to grow to $23.23 billion in 2027 at a CAGR of 2.8%.
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Automotive Testing, Inspection and Certification Market Drivers
An increase in automobile production is expected to propel the growth of the automotive testing, inspection, and certification market going forward. Automobiles refer to passenger vehicles with four wheels and an internal combustion gasoline or diesel engine, and are intended for use on public highways. Automotive testing, inspection, and certification help automobiles to be safe and strong and assist in proving the longevity of the engine or shocks.
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Automotive Testing, Inspection and Certification Market Segments
• Service Type: Testing Services, Inspection Services, Certification Services, Other Services
• By Sourcing Type: In-house, Outsourced
• 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: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the template market.
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Automotive Testing, Inspection and Certification Market Key Players
Major competitors in the template market include SGS S.A., Bureau Veritas S.A., Intertek Group PLC., Dekra SE, TUV SUD, Applus Services S.A., TUV Rheinland AG Group, Eurofins Scientific SE, MISTRAS Group Inc.
The Business Research Company's "Global Automotive Testing, Inspection and Certification Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Testing, Inspection and Certification Market Include:
1. Executive Summary
2. Automotive Testing, Inspection and Certification market Characteristics
3. Automotive Testing, Inspection and Certification market Trends And Strategies
4. Automotive Testing, Inspection and Certification market - Macro Economic Scenario
5. Automotive Testing, Inspection and Certification market Size And Growth
……
26. Africa Automotive Testing, Inspection and Certification market
27. Automotive Testing, Inspection and Certification market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Testing, Inspection and Certification market
29. Automotive Testing, Inspection and Certification market Future Outlook and Potential Analysis
30. Appendix
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