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.
The main types of services in automotive testing inspection and certification are testing services, inspection services, certification services, and other services. Automotive testing services refer to putting complete vehicles or vehicle components through a series of laboratory tests to ensure their quality compliance. The major sourcing types are in-house and outsourced. The various applications include electrical systems and components, telematics, interior and exterior materials and components, fluids and lubricants, vehicle inspection services, homologation testing, and other applications.
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
The automotive testing, inspection and certification market size has grown steadily in recent years. It will grow from $20.58 billion in 2023 to $21.17 billion in 2024 at a compound annual growth rate (CAGR) of 2.8%. The growth in the historic period can be attributed to 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, increased automobile production.
The automotive testing, inspection and certification market size is expected to see steady growth in the next few years. It will grow to $24.03 billion in 2028 at a compound annual growth rate (CAGR) of 3.2%. The growth in the forecast period can be attributed to rising adoption of electric and hybrid vehicles, increasing focus on sustainable and eco-friendly certification processes., increasing complexity of automotive technologies, stringent regulatory landscape, growing demand for enhanced safety and comfort. Major trends in the forecast period include technological advancements in testing and inspection equipment, rise in demand for third-party testing and certification services, development of integrated and automated testing solutions, growing importance of data analytics in testing and inspection, shift towards virtual testing and simulation for efficiency and cost-effectiveness.
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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. For instance, in March 2021, according to the Society of Indian Automobile Manufacturers, an India-based national body representing the Indian automobile industry, sales of commercial vehicles grew overall, rising from 5.7 million to 7.2 million units. From April 2021 to March 2022, compared to the prior year, sales of medium and heavy commercial vehicles climbed from 1.6 million to 2.4 million units, and sales of light commercial vehicles increased from 4 million to 4.8 million units. Furthermore, according to the Alliance for Automotive Innovation, a US-based trade association, automotive sales will increase by 14 million units in 2020.Therefore, the increase in automobile production is driving the growth of the automotive testing inspection and certification market.
Automotive Testing, Inspection And Certification Global Market TOC.
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. Global Automotive Testing, Inspection and Certification Market Size and Growth
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31. Global Automotive Testing, Inspection and Certification Market Competitive Benchmarking
32. Global Automotive Testing, Inspection and Certification Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automotive Testing, Inspection and Certification Market
34. Automotive Testing, Inspection and Certification Market Future Outlook and Potential Analysis
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