Electric Vehicle Testing, Inspection, and Certification Market Overview
The global electric vehicle testing, inspection, and certification market is estimated to reach $4,038.2 million in 2031, reveals the premium market intelligence study by CRI Report. The study also highlights that the market is set to witness a CAGR of 15.49% during the forecast period 2022-2031.
Electric vehicle testing, inspection, and certification (TIC) is a set of services that help to improve standards of manufacturing and quality of EVs in a specific region as per regional statutory regulatory bodies. TIC ensures the safety of users, equipment, infrastructure, and environment as well. As a result, governments of various countries are implementing stringent regulatory norms related to electric vehicle testing. This is expected to continue to boost electric vehicle testing, inspection, and certification market revenue growth during the forecast period. The growing electric vehicle industry is driving the growth of the market.
USP of the Report
• A dedicated section focusing on the current and futuristic trends adopted by the key players operating in the electric vehicle testing, inspection, and certification market
• Extensive competitive benchmarking of the top 20 players offering a holistic view of the electric vehicle testing, inspection, and certification market landscape
• Qualitative and quantitative analysis of the electric vehicle testing, inspection, and certification market at the region and country level and granularity by application and product segments
• Cross segmentation for service type (Testing, Inspection, and Certification) and application (Vehicle Safety and Security, Communication, Battery systems, EV Charging, and Connectors) is intricately depicted in the report.
Analyst Perspective
According to Dhrubajyoti Narayan, Principal Analyst, CRI Report, “The market is evolving rapidly and is anticipated to continue to spur at the same pace in the following years. Businesses are developing innovative solutions and introducing new services in the market. Collaborations and market developments are key strategies assisting the market’s growth. The massive shift in consumer preferences has provided a viable opportunity for service providers to gain a firm ground in this domain. Moreover, increasing awareness regarding electric vehicle systems and autonomous cars and growing safety concerns are expected to increase the adoption of electric vehicle testing, inspection, and certification globally.”
Key Companies Operating in The Market
Key players in the global electric vehicle testing, inspection, and certification market analyzed and profiled in the study involve electric vehicle testing, inspection, and certification-based service providers. Moreover, a detailed competitive benchmarking of the players operating in the global electric vehicle testing, inspection, and certification market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
The key players profiled in the report include DEKRA SE, TUV SUD, SGS Group, Applus Services S.A., Bureau Veritas S.A., Intertek Group plc, Eurofins Scientific, British Standards Institution, Rina S.p.A, TÜV Rheinland Group, Nemko, NSF International, Lloyd’s Register Group Limited, UL LLC, Element Materials Technology, DNV, Apave Group, TÜV NORD GROUP, Link Engineering Company, and AVL List GmbH.
Key Questions Answered in the Report
• What are the major factors and trends that are impacting the electric vehicle testing, inspection, and certification market?
• How has COVID-19 impacted the electric vehicle testing, inspection, and certification industry market across the globe?
• What are the steps taken by the existing players to improve their market positioning and strategy adopted by new players entering in market space?
• Which is the leading application, service type, and sourcing type in the market, and how are they going to perform in the coming years?
• What are the latest developments in various countries across the globe for the development of the electric vehicle testing, inspection, and certification (TIC) industry, and what are the consumption patterns?