Need help finding what you are looking for?
Contact Us
PUBLISHER: Grand View Research | PRODUCT CODE: 1405738
PUBLISHER: Grand View Research | PRODUCT CODE: 1405738
U.K. New Energy Vehicle TIC Services Market Size, Share & Trend Analysis Report By Service Type (Testing, Certification), By Sourcing Type (In-House, Outsourced), By Application, By Vehicle Type, By Industry, And Segment Forecasts, 2023 - 2030
PUBLISHED:
PAGES: 106 Pages
DELIVERY TIME: 2-10 business days
SELECT AN OPTION
U.K. New Energy Vehicle TIC Services Market Growth & Trends:
The U.K. new energy vehicle TIC services market size is anticipated to reach USD 572.1 million by 2030, and is projected to grow at a CAGR of 6.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. Government policies and initiatives are key factors driving the growth of the market. The UK has made numerous efforts to address the critical issues of climate change, air quality, and sustainability. This commitment to environmental management is demonstrated by the robust government policies and initiatives introduced to promote the adoption of NEVs, which has contributed to the growth of the market.
The continuous growth of the NEV market, driven by the increasing consumer demand for electric and hybrid vehicles, provides a substantial opportunity for TIC (testing, inspection, and certification) service providers. As more NEVs enter the market, the need for comprehensive testing, inspection, and certification services is expected to increase. For instance, in November 2022, Wallace Instruments introduced its latest innovation, the WAC11 Mk5 Compression Stress Relaxometer. This new equipment is considered a critical industry standard and is utilized in various industries and sectors, including automotive, construction, aerospace, energy, and utilities. Primary purpose of this equipment is to assess the ability of elastomer seals to maintain their resilience when subject to sustained compression under varying environmental conditions.
As NEVs become more connected and data-dependent, data security and cybersecurity concerns are expected to increase. The demand for TIC services that evaluate and certify the security of in-vehicle systems and data protection measures offers substantial growth potential. With the increasing complexity of NEVs, TIC service providers can offer predictive maintenance services. These services help manufacturers identify and address potential issues in their vehicles, enhancing long-term customer satisfaction and retention.
U.K. New Energy Vehicle TIC Services Market Report Highlights:
- Based on service type, the testing segment led the market in 2022 with a revenue share of over 60%. The segment comprises battery testing, essential for evaluating energy storage, power delivery, durability, and safety, as well as electric motor testing to assess performance, efficiency, and reliability
- Based on sourcing type, the in-house segment led the market in 2022 with a revenue share of over 62%. In-house testing allows organizations to have full control over the testing processes. They can set the testing parameters, methodologies, and schedules to align with their specific needs and requirements
- In terms of application, the safety and security segment held the largest revenue share of over 47% in 2022. Regulatory bodies' recommendations for testing, inspection, and certification services, which place a greater emphasis on raising security and safety standards, are augmenting the market growth
- Based on vehicle type, the Battery Electric Vehicles (BEVs) segment held the largest revenue share of over 47% in 2022. BEV TIC providers are increasingly shifting to digital services. This is being driven by the need to reduce costs and improve efficiency. Digital TIC services can also improve the customer experience
- The automotive segment dominated the market in 2022 with a revenue share of over 49%. Testing is necessary to ensure that vehicles meet safety and environmental regulations imposed by government authorities. Compliance with these regulations is a legal requirement for automotive manufacturers
Product Code: GVR-4-68040-159-5
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope and Assumptions
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage
- 3.2. Industry Value Chain Analysis
- 3.3. UK New Energy Vehicle (NEV) TIC Services Market - Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.1.1. Ongoing Advancements In Battery Technologies
- 3.3.1.2. Government Policies And Initiatives
- 3.3.2. Market Restraint Analysis
- 3.3.2.1. Complex And Rapidly Evolving Regulatory Landscape
- 3.3.3. Industry Challenges
- 3.3.1. Market Driver Analysis
- 3.4. Business Environmental Tools Analysis: UK New Energy Vehicle (NEV) TIC Services Market
- 3.4.1. Porter's Five Forces Analysis
- 3.4.1.1. Bargaining Power of Suppliers
- 3.4.1.2. Bargaining Power of Buyers
- 3.4.1.3. Threat of Substitution
- 3.4.1.4. Threat of New Entrants
- 3.4.1.5. Competitive Rivalry
- 3.4.2. PESTLE Analysis
- 3.4.2.1. Political Landscape
- 3.4.2.2. Economic Landscape
- 3.4.2.3. Social Landscape
- 3.4.2.4. Technology Landscape
- 3.4.2.5. Environmental Landscape
- 3.4.2.6. Legal Landscape
- 3.4.1. Porter's Five Forces Analysis
- 3.5. Economic Mega-Trend Analysis
Chapter 4. UK New Energy Vehicle (NEV) TIC Services Market: Service Type Estimates & Trend Analysis
- 4.1. UK New Energy Vehicle (NEV) TIC Services Market, by Service Type: Key Takeaways
- 4.2. UK New Energy Vehicle (NEV) TIC Services Market: Service Type Movement Analysis, 2022 & 2030
- 4.3. Testing
- 4.3.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 4.3.2. Battery Testing
- 4.3.3. Electric E-Motor Testing
- 4.3.4. Electromagnetic Compatibility (EMC) Testing
- 4.3.5. Component Testing
- 4.4. Inspection
- 4.4.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 4.5. Certification
- 4.5.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
Chapter 5. UK New Energy Vehicle (NEV) TIC Services Market: Sourcing Type Estimates & Trend Analysis
- 5.1. UK New Energy Vehicle (NEV) TIC Services Market, by Sourcing Type: Key Takeaways
- 5.2. UK New Energy Vehicle (NEV) TIC Services Market: Sourcing Type Movement Analysis, 2022 & 2030
- 5.3. In-House
- 5.3.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 5.4. Outsourced
- 5.4.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
Chapter 6. UK New Energy Vehicle (NEV) TIC Services Market: Application Estimates & Trend Analysis
- 6.1. UK New Energy Vehicle (NEV) TIC Services Market, by Application: Key Takeaways
- 6.2. UK New Energy Vehicle (NEV) TIC Services Market: Application Movement Analysis, 2022 & 2030
- 6.3. Safety and Security
- 6.3.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 6.4. Connectors
- 6.4.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 6.5. Communication
- 6.5.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 6.6. Ev Charging
- 6.6.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
Chapter 7. UK New Energy Vehicle (NEV) TIC Services Market: Vehicle Type Estimates & Trend Analysis
- 7.1. UK New Energy Vehicle (NEV) TIC Services Market, by Vehicle Type: Key Takeaways
- 7.2. UK New Energy Vehicle (NEV) TIC Services Market: Vehicle Type Movement Analysis, 2022 & 2030
- 7.3. BEV
- 7.3.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.4. PHEV
- 7.4.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.5. FCEV
- 7.5.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.6. Others
- 7.6.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
Chapter 8. UK New Energy Vehicle (NEV) TIC Services Market: Industry Estimates & Trend Analysis
- 8.1. UK New Energy Vehicle (NEV) TIC Services Market, by Industry: Key Takeaways
- 8.2. UK New Energy Vehicle (NEV) TIC Services Market: Industry Movement Analysis, 2022 & 2030
- 8.3. Automotive
- 8.3.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.4. Aerospace
- 8.4.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.5. Defense
- 8.5.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.6. Others
- 8.6.1. Market Estimates And Forecasts, 2017 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Company Categorization
- 9.2. Company Market Positioning
- 9.3. Company Heat Map Analysis
- 9.4. Strategy Mapping
- 9.5. Company Profiles/Listing
- 9.5.1. Bureau Veritas
- 9.5.1.1. Overview
- 9.5.1.2. Financial Performance
- 9.5.1.3. Product Benchmarking
- 9.5.1.4. Strategic Initiatives
- 9.5.2. DEKRA SE
- 9.5.2.1. Overview
- 9.5.2.2. Financial Performance
- 9.5.2.3. Product Benchmarking
- 9.5.2.4. Strategic Initiatives
- 9.5.3. Element Materials Technology
- 9.5.3.1. Overview
- 9.5.3.2. Financial Performance
- 9.5.3.3. Product Benchmarking
- 9.5.3.4. Strategic Initiatives
- 9.5.4. Intertek Group Plc
- 9.5.4.1. Overview
- 9.5.4.2. Financial Performance
- 9.5.4.3. Product Benchmarking
- 9.5.4.4. Strategic Initiatives
- 9.5.5. IASYS Technology Solutions
- 9.5.5.1. Overview
- 9.5.5.2. Financial Performance
- 9.5.5.3. Product Benchmarking
- 9.5.5.4. Strategic Initiatives
- 9.5.6. SGS Societe Generale De Surveillance SA
- 9.5.6.1. Overview
- 9.5.6.2. Financial Performance
- 9.5.6.3. Product Benchmarking
- 9.5.6.4. Strategic Initiatives
- 9.5.7. TUV SUD
- 9.5.7.1. Overview
- 9.5.7.2. Financial Performance
- 9.5.7.3. Product Benchmarking
- 9.5.7.4. Strategic Initiatives
- 9.5.8. TUV Rheinland
- 9.5.8.1. Overview
- 9.5.8.2. Financial Performance
- 9.5.8.3. Product Benchmarking
- 9.5.8.4. Strategic Initiatives
- 9.5.9. The British Standards Institution
- 9.5.9.1. Overview
- 9.5.9.2. Financial Performance
- 9.5.9.3. Product Benchmarking
- 9.5.9.4. Strategic Initiatives
- 9.5.10. UL LLC
- 9.5.10.1. Overview
- 9.5.10.2. Financial Performance
- 9.5.10.3. Product Benchmarking
- 9.5.10.4. Strategic Initiatives
- 9.5.1. Bureau Veritas
Product Code: GVR-4-68040-159-5
List of Tables
- Table 1 UK New Energy Vehicle TIC Services- Industry Snapshot & Key Buying Criteria, 2017 - 2030
- Table 2 UK New Energy Vehicle (NEV) TIC Services Market, 2017 - 2030 (USD Million)
- Table 3 UK New Energy Vehicle (NEV) TIC Services Market by Service type, 2017 - 2030 (USD Million)
- Table 4 UK New Energy Vehicle (NEV) TIC Services Market by Sourcing Type, 2017 - 2030 (USD Million)
- Table 5 UK New Energy Vehicle (NEV) TIC Services Market by Application, 2017 - 2030 (USD Million)
- Table 6 UK New Energy Vehicle (NEV) TIC Services Market by Vehicle Type, 2017 - 2030 (USD Million)
- Table 7 UK New Energy Vehicle (NEV) TIC Services Market by Industry, 2017 - 2030 (USD Million)
- Table 8 UK New Energy Vehicle (NEV) TIC Services Market by testing, 2017 - 2030 (USD Million)
- Table 9 UK New Energy Vehicle (NEV) TIC Services Market by Inspection, 2017 - 2030 (USD Million)
- Table 10 UK New Energy Vehicle (NEV) TIC Services Market by Certification, 2017 - 2030 (USD Million)
- Table 11 UK New Energy Vehicle (NEV) TIC Services Market by Battery Testing, 2017 - 2030 (USD Million)
- Table 12 UK New Energy Vehicle (NEV) TIC Services Market Electric E-Motor Testing, 2017 - 2030 (USD Million)
- Table 13 UK New Energy Vehicle (NEV) TIC Services Market by electromagnetic compatibility (EMC) testing, 2017 - 2030 (USD Million)
- Table 14 UK New Energy Vehicle (NEV) TIC Services Market by Component Testing, 2017 - 2030 (USD Million)
- Table 15 UK New Energy Vehicle (NEV) TIC Services Market by in-house, 2017 - 2030 (USD Million)
- Table 16 UK New Energy Vehicle (NEV) TIC Services Market by outsourced, 2017 - 2030 (USD Million)
- Table 17 UK New Energy Vehicle (NEV) TIC Services Market by safety and security, 2017 - 2030 (USD Million)
- Table 18 UK New Energy Vehicle (NEV) TIC Services Market by Connectors, 2017 - 2030 (USD Million)
- Table 19 UK New Energy Vehicle (NEV) TIC Services Market by Communication, 2017 - 2030 (USD Million)
- Table 20 UK New Energy Vehicle (NEV) TIC Services Market by EV charging, 2017 - 2030 (USD Million)
- Table 21 UK New Energy Vehicle (NEV) TIC Services Market by BEV, 2017 - 2030 (USD Million)
- Table 22 UK New Energy Vehicle (NEV) TIC Services Market by PHEV, 2017 - 2030 (USD Million)
- Table 23 UK New Energy Vehicle (NEV) TIC Services Market by FCEV, 2017 - 2030 (USD Million)
- Table 24 UK New Energy Vehicle (NEV) TIC Services Market by others, 2017 - 2030 (USD Million)
- Table 25 UK New Energy Vehicle (NEV) TIC Services Market by Automotive, 2017 - 2030 (USD Million)
- Table 26 UK New Energy Vehicle (NEV) TIC Services Market by Aerospace, 2017 - 2030 (USD Million)
- Table 27 UK New Energy Vehicle (NEV) TIC Services Market by Defense, 2017 - 2030 (USD Million)
- Table 28 UK New Energy Vehicle (NEV) TIC Services Market by others, 2017 - 2030 (USD Million)
List of Figures
- Fig. 1 Research Process
- Fig. 2 Market Formulation
- Fig. 3 Market segmentation and scope
- Fig. 4 UK New Energy Vehicle (NEV) TIC Services Market, 2017 - 2030
- Fig. 5 UK New Energy Vehicle TIC Services - Value chain analysis
- Fig. 6 UK New Energy Vehicle (NEV) TIC Services Market dynamics
- Fig. 7 Key Opportunities Analysis
- Fig. 8 UK New Energy Vehicle (NEV) TIC Services Market share by service type, 2022 & 2030
- Fig. 9 UK New Energy Vehicle (NEV) TIC Services Market share by sourcing type, 2022 & 2030
- Fig. 10 UK New Energy Vehicle (NEV) TIC Services Market share by application, 2022 & 2030
- Fig. 11 UK New Energy Vehicle (NEV) TIC Services Market share by vehicle type, 2022 & 2030
- Fig. 12 UK New Energy Vehicle (NEV) TIC Services Market share by industry, 2022 & 2030
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.