German Automotive TIC (Testing, Inspection, Certification) Market - 2023-2030

Market Overview

The German automotive TIC (testing, inspection, certification) market reached US$ 7.11 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ US$ 9.99 billion by 2030. The market is growing at a CAGR of 4.4% during the forecast period (2023-2030).

The German automotive Testing, Inspection, and Certification (TIC) market is one of the most thriving markets in the world with an upward growth market trend. With Germany being home to some of the world's most renowned automobile manufacturers, it is no surprise that the TIC industry in Germany is growing at an exponential rate. The industry is composed of a diverse range of companies, including testing laboratories, inspection firms, and certification bodies. Engine and gears segment have almost 30% share in the German Automotive TIC market's type segment as these components are critical to the German Automotive industry, and TIC services play a vital role in ensuring their safety and quality.

One of the key factors driving the growth of the German automotive TIC (Testing, Inspection, Certification) market share is the increasing demand for safe and reliable vehicles. Further, the German automotive TIC (Testing, Inspection, Certification) market opportunity are growing as consumers are becoming more aware of the importance of safety and are demanding that the vehicles they purchase meet the highest safety standards.

Market Dynamics

Growing demand for reliable vehicles

One of the major drivers boosting the German automotive TIC (Testing, Inspection, Certification) market share is the increasing demand for safe and reliable vehicles. Safety is a top priority for consumers, and they are increasingly concerned about the safety features of the vehicles they purchase. With German automotive manufacturers producing some of the world's most renowned and high-quality vehicles, consumers expect that these vehicles meet the highest safety standards.

The demand for safe and reliable vehicles is not just limited to Germany but also extends to other countries where German automotive manufacturers have a significant presence. As a result, the German automotive TIC (Testing, Inspection, Certification) market has become an important player in the global TIC industry boosting the German TIC (Testing, Inspection, Certification) market opportunities.

High cost of testing, inspection, and certification services

One of the biggest restraints that hamper the German Automotive Testing, Inspection, and Certification (TIC) market is the high cost of testing, inspection, and certification services. In the case of the German automotive TIC market, the high cost of services can be attributed to several factors. First, the complex nature of modern vehicles requires extensive testing and inspection, which can be time-consuming and expensive.

Second, the strict regulatory environment in Germany requires TIC service providers to meet stringent standards, which can further add to the cost. The respective fact is a significant challenge for both German automotive manufacturers and TIC service providers, as it can impact the competitiveness of German vehicles in the global market.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The German automotive TIC (testing, inspection, certification) market is segmented based on type, product and vertical.

Critical need for testing, inspection and certification to ensure safety of engines and gears

The German automotive industry is renowned for producing high-quality engines and transmission systems, including gears. The respective components are critical to the performance and reliability of vehicles and are subject to rigorous testing and inspection to ensure they meet the necessary safety and quality standards. TIC services are essential in this regard, as they provide independent verification of the performance and safety of these components. Engine and transmission testing typically involves a range of TIC services, including durability testing, emissions testing, and noise and vibration testing. These tests are designed to ensure that engines and gears are reliable, efficient, and meet the required performance standards.

In addition to TIC services for engines and gears, the German automotive TIC market encompasses a broad range of services, including testing and certification of safety systems, electrical systems, and advanced driver-assistance systems (ADAS), among others. TIC services are critical to the automotive industry, as they help ensure that vehicles are safe, reliable, and meet the necessary regulatory requirements. Overall, engine and gears segment have almost 30% share in the German Automotive TIC market's type segment as these components are critical to the German Automotive industry, and TIC services play a vital role in ensuring their safety and quality.

Competitive Landscape

The major German players in the market include SGS SA, Eurofins Scientific SE, DNV GL, Bureau Veritas S.A., Intertek Group plc, TUV Rheinland, TUV SUD AG, Kiwa Group, AVL List GmbH and DEKRA.

Why Purchase the Report?

• To visualize the German automotive TIC (testing, inspection, certification) market segmentation based on type, product and vertical, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of automotive TIC (testing, inspection, certification) market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The German automotive TIC (testing, inspection, certification) market report would provide approximately 39 tables, 43 figures and 154 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies