China Automotive Testing, Inspection and Certification (TIC) Market Analysis and Size
China automotive testing, inspection and certification (TIC) market is expected to grow at a CAGR of 4.8% from 2023 to 2030. Government to implement strict and mandatory safety standards to be followed by vehicle manufacturers, which has been increasing over the years.
The market for automotive vehicles is growing rapidly in China, especially for passenger vehicles. China's auto market seems to be the world's biggest, with intelligent functions like internet connectivity and autonomous driving. This is expected to drive sales to increase by 30% by 2025. Although with the growing automotive sales in the country, there is an increase in traffic incidents. The main reason for traffic incidents in China are actions against traffic regulations, including over freight and speed, fatigue driving, and vehicle malfunctions. In recent years, the government has been strengthening large-scale inspections of safety measures during long-distance passenger transportation rush periods, thus containing frequent heavy traffic accidents and effectively controlling the rise in the death toll claimed by traffic accidents. However, in another aspect, with the increase in vehicle population, the death toll caused by accidents or vehicle collisions has increased.
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A world class china automotive testing, inspection and certification (tic) market research report is a critical aspect in planning business objectives or goals. It is an organized technique to bring together and document information about the ABC industry, market, or potential customers. This report is generated by taking into account several steps which can be summed up as; title page creation, attaching a table of contents, editing it in the executive summary, writing introduction, writing the qualitative research and survey research segment, summarizing the types of data used in drawing conclusions, distribute findings based on research and then concluding with call to action by the reader.
The data included in china automotive testing, inspection and certification (tic) business report not only lends a hand to plan the investment, advertising, promotion, marketing and sales strategy more valuably but also aids in taking sound and efficient decisions. This data is useful for businesses in characterizing their individual strategies. The competitive analysis conducted in this report covers strategic profiling of key market players, their core competencies, and competitive landscape. Examination of major challenges faced currently by the business and the probable future challenges that the business may have to face while operating in this market are also considered. china automotive testing, inspection and certification (tic) marketing report is provided with the transparent research studies which have taken place by a team work of experts in their own domain.
Countries Covered- China
Market Players Covered-
Nemko, DEKRA, RINA S.p.A., NSF, Applus+, Asia Quality Focus, DNV GL, TÜV SÜD, TÜV NORD GROUP, Intertek Group Plc, MISTRAS Group, SGS Société Générale de Surveillance SA, TÜV Rheinland, Element Materials Technology, The British Standards Institution, Veritell Inspection Certification Co., Ltd, China Certification and Inspection (Group) Co., Ltd., Eurofins Scientific, and HQTS Group Ltd. among others
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Objectives of the Report
- To carefully analyze and forecast the size of the China Automotive Testing, Inspection and Certification (TIC) market by value and volume.
- To estimate the market shares of major segments of the China Automotive Testing, Inspection and Certification (TIC)
- To showcase the development of the China Automotive Testing, Inspection and Certification (TIC) market in different parts of the world.
- To analyze and study micro-markets in terms of their contributions to the China Automotive Testing, Inspection and Certification (TIC) market, their prospects, and individual growth trends.
- To offer precise and useful details about factors affecting the growth of the China Automotive Testing, Inspection and Certification (TIC)
- To provide a meticulous assessment of crucial business strategies used by leading companies operating in theChina Automotive Testing, Inspection and Certification (TIC) market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Highlights of TOC:
- Chapter 1: Market overview
- Chapter 2: GlobalChina Automotive Testing, Inspection and Certification (TIC) Market
- Chapter 3: Regional analysis of the GlobalChina Automotive Testing, Inspection and Certification (TIC) Market industry
- Chapter 4:China Automotive Testing, Inspection and Certification (TIC) Market segmentation based on types and applications
- Chapter 5: Revenue analysis based on types and applications
- Chapter 6: Market share
- Chapter 7: Competitive Landscape
- Chapter 8: Drivers, Restraints, Challenges, and Opportunities
- Chapter 9: Gross Margin and Price Analysis
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