The global automotive TIC market is projected to grow from USD 17.7 billion in 2023 to USD 20.9 billion by 2028, registering a CAGR of 3.4%.
Global demand for automotive TIC services is anticipated to be driven by the growing need for safer, more effective, and fuel-efficient mobility alternatives. For example, the growing need for safer and more ecologically friendly electric mobility is predicted to drive up demand for TIC services for automotive components including EV batteries, EV motors, and EV chargers, among others. Automotive TIC services are now offered to Tier-1 component makers and OEMs by companies including DEKRA SE (Germany), TÜV SÜD Group (Germany), Applus+ (Spain), SGS Group (Switzerland), and TÜV Rheinland Group (Germany). The automotive TIC industry is being driven by the growing demand of premium and luxury cars, the increasing use of automatic driving in cars, and stricter safety regulations.
Commercial vehicle TIC services are expected to expand at the quickest rate in terms of value over the projection period.
Vehicles predominantly utilized for commercial reasons, such as delivering passengers, commodities, or specialty cargo, are included in the commercial vehicles section. In a number of sectors, such as public services, construction, logistics, and transportation, commercial vehicles are essential. Trucks, buses, vans, and other specialized vehicles made to satisfy particular business needs are among the many different types of vehicles in this class. The commercial vehicle industry is subject to strict safety rules and compliance standards because of its larger size, heavier payloads, and complex functionality. It is crucial to make sure that these standards are followed and that people are safe. Testing, Inspection, and Certification (TIC) services are essential for assessing a wide range of factors, including emissions, load capacity, braking systems, structural integrity, and compliance with industry standards. The environmental effect, emissions control, and fuel efficiency of commercial vehicles present particular difficulties. The development of alternative fuel technologies and the uptake of electric and hybrid commercial vehicles have been fueled by stricter restrictions and a growing emphasis on sustainability. In order to assess these vehicles’ performance and compliance and make sure they adhere to the relevant environmental regulations, TIC services are essential.
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During the predicted period, the fastest-growing segment by sourcing type was outsourced TIC services.
OEMs work with outside TIC suppliers who have industry certifications and accreditations or who focus on particular testing domains. Component testing, system verification, quality control inspections, regulatory compliance evaluations, and certification assistance are just a few of the services that these suppliers provide. To satisfy industry demands, a variety of automotive TIC suppliers outsource a range of services. Notable TIC suppliers to the automobile industry include SGS, Bureau Veritas, DEKRA, TÜV SÜD, and Intertek. A full range of services, such as testing, inspection, certification, and consultancy, are outsourced by these suppliers. While DEKRA focuses on vehicle inspections, emissions testing, and homologation, SGS and Bureau Veritas are renowned for their proficiency in offering end-to-end TIC solutions for automotive firms. While Intertek specializes in testing, inspection, certification, and supply chain assurance for automotive components and materials, TÜV SÜD is known for offering a wide variety of TIC services, including technical advisory. Certain agreements and industry demands may influence how TIC services are distributed among suppliers.
“Europe is anticipated to rank among the top markets for automotive TICs.”
Leading TIC service providers in the sector offer a wide range of services that define the European automotive TIC market. In order to satisfy the many demands of the automobile industry, these businesses have set up their headquarters and activities throughout several European nations, utilizing their knowledge, cutting-edge technology, and wide-ranging networks. DEKRA, TÜV SÜD, Bureau Veritas, TÜV Rheinland, and Intertek are a few of the leading TIC providers in Europe. These businesses provide a broad range of TIC services including safety, performance, emissions, and regulatory compliance, among other facets of auto manufacture. To guarantee the safety of automobiles and their parts, strict safety standards and regulations implemented by European Union agencies like the European Commission and the European Automobile Manufacturers’ Association (ACEA) call for stringent testing and certification procedures. As the automotive industry continues to develop and adjust to shifting market conditions and technological breakthroughs, the European automotive TIC market is expected to experience substantial growth. Demand for TIC services is further increased by the emphasis on sustainability, environmental friendliness, and energy efficiency, especially in fields like EV batteries, renewable energy sources, and emission testing. The growth prospects of the automotive TIC market in Europe are further improved by solid alliances and partnerships among OEMs, TIC suppliers, and regulatory agencies.
Key Players
The automotive TIC market is dominated by established players such as DEKRA SE (Germany), TÜV SÜD Group (Germany), Applus+ (Spain), SGS Group (Switzerland), TÜV Rheinland Group (Germany), among others.
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