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Attractive Opportunities in Automotive TIC Market: Business Growth, Size, Research and Forecast to 2024

According to the new market research report "Automotive TIC Market by Service Type (Testing, Inspection, Certification), Sourcing Type, Application (Vehicle Inspection, Electrical Systems, & Components), and Geography; Periodic Technical Inspection Market, by Region - Global Forecast to 2024", is expected to grow from USD 16.9 billion in 2019 to USD 22.1 billion by 2024, at a CAGR of 5.5%.

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Attractive Opportunities in Automotive TIC Market

The growth of the automotive TIC market can be attributed to the increasing automobile production in emerging economies, growing inclination toward outsourcing TIC services, rising focus of governments to impose strict regulatory standards on the automotive industry, surging adoption of automotive electronics to maintain passenger and vehicle safety, augmenting awareness among consumers regarding product quality and safety, and increasing instances of vehicle recalls due to component failures. https://www.marketsandmarkets.com/Market-Reports/automotive-tic-market-175873215.html

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Commercial vehicles commercial van - PowerPoint PPT Presentation

Attractive Opportunities in Automotive TIC Market: Business Growth, Size, Research and Forecast to 2024

Attractive Opportunities in Automotive TIC Market