DUBLIN--(BUSINESS WIRE )--The "Automotive TIC Market Research Report by Services (Certification Service, Inspection Service, and Testing Service), Source, Application, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Automotive TIC Market size was estimated at USD 16.76 billion in 2021, USD 17.82 billion in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.45% to reach USD 24.40 billion by 2027.
In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects.
It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Automotive TIC Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space.
It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate.
1.3. Years Considered for the Study
5.1.1.1. Growing demand and production of automobiles
5.1.1.2. Strict regulatory standards from the governments on automotive
5.1.1.3. Increasing vehicle recall due to component failure
5.1.1.4. Consumer awareness on product quality and safety
5.1.2.1. Shortage of trained professionals and infrastructure
5.1.3.1. Increasing penetration of electric vehicles globally
5.1.3.2. Adoption of advanced technologies and connected devices in vehicles
5.1.4.1. Fluctuating regulations across different countries
5.3. Cumulative Impact of 2022 Russia Ukraine Conflict
6. Automotive TIC Market, by Services
7. Automotive TIC Market, by Source
8. Automotive TIC Market, by Application
8.2. Electric Vehicles, Hybrid Electric Vehicles, and Battery System
8.6. Interior & Exterior Material and Component
11. Europe, Middle East & Africa Automotive TIC Market
12.3. Market Share Analysis, By Key Player
12.4.3. New Product Launch & Enhancement
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900