Overview and Scope
Automotive quality service encompasses a range of activities and processes aimed at ensuring that vehicles manufactured by automotive companies meet high-quality standards and regulatory requirements. The purpose of automotive quality service is to enhance customer satisfaction, improve product reliability, and comply with regulatory requirements, ultimately ensuring the safety and performance of vehicles.
Sizing and Forecast
The automotive quality service market size has grown strongly in recent years. It will grow from $24.19 billion in 2023 to $26.40 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to stringent government regulations regarding vehicle safety, rising consumer expectations, globalization of automotive supply chains, increasing competition among automotive manufacturers, and growth of the aftermarket sector.
The automotive quality service market size is expected to see strong growth in the next few years. It will grow to $37.93 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to rise of electric vehicles (EVs) and autonomous vehicles, increasing adoption of industry 4.0 technologies, increasing use of data analytics and artificial intelligence, demand for high quality and reliability, and globalization of the automotive industry. Major trends in the forecast period include innovation in vehicle technologies, integration of advanced driver assistance systems (ADAS), 3D printing and advanced manufacturing, partnerships with technical schools and automotive academies, and predictive maintenance and AI.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/automotive-quality-service-global-market-report
Segmentation & Regional Insights
The automotive quality service market covered in this report is segmented –
1) By Type: Testing Services, Certifying And Validating Services, Quality Sorting Services
2) By Vehicle Type: Passenger Cars, Commercial Vehicle
3) By Application: Electrical Systems And Components, Telematics, Vehicle Inspection Services, Homologation Testing, Interior And Exterior Materials, Other Applications
4) By End-User: Original Equipment Manufacturers (OEMs), Tier 1 And Tier 2 Suppliers, Aftermarket Service Providers, Regulatory Authorities
North America was the largest region in the automotive quality service market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive quality service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15988&type=smp
Major Driver Impacting Market Growth
The increasing vehicle production is expected to propel the growth of the automotive quality service market. Vehicle production is increasing due to several factors such as economic growth, globalization, government incentives, and increasing consumer purchasing power. Automotive quality services are essential for ensuring that vehicles meet the highest standards of quality, safety, and reliability throughout the production process. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based trade association, in 2022, global motor vehicle production reached 85.4 million units, marking a 5.7% increase compared to the previous year. Therefore, increasing vehicle production is driving the growth of the automotive quality service market.
Key Industry Players
Major companies operating in the automotive quality service market are Dragon Solutions Ltd., Bureau Veritas, Intertek Group plc, Alten Group, FEV Group GmbH, Horiba Ltd., Applied Technical Services Inc., Bertrandt AG, ARRK Product Development Group Ltd., EDAG Group, Altair Engineering Inc., TRIGO S.A., Stratosphere Quality LLC, ESG Elektroniksystem- und Logistik-GmbH, National Technical Systems Inc., Millbrook Proving Ground Limited, Matrix Quality Services Inc., Weiss Technik North America Inc., CSI S.p.A., Automotive Quality & Logistics Inc., Ashton Technologies Inc., Element Materials Technology Ltd., Quality Service Group, ASAP Holding GmbH, Dragon Solutions Ltd.
The automotive quality service market report table of contents includes:
1. Executive Summary
2. Automotive Quality Service Market Characteristics
3. Automotive Quality Service Market Trends And Strategies
4. Automotive Quality Service Market – Macro Economic Scenario
5. Global Automotive Quality Service Market Size and Growth
.
.
.
32. Global Automotive Quality Service Market Competitive Benchmarking
33. Global Automotive Quality Service Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Quality Service Market
35. Automotive Quality Service Market Future Outlook and Potential Analysis
36. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
The starter credit cards global market report 2024 from The Business Research Company provides comprehensive…
The school bus global market report 2024 from The Business Research Company provides comprehensive market…
The polyethylene terephthalate (pet) cups global market report 2024 from The Business Research Company provides…
The organic pet food global market report 2024 from The Business Research Company provides comprehensive…
The octadecanedioic acid global market report 2024 from The Business Research Company provides comprehensive market…
The mobile enterprise application global market report 2024 from The Business Research Company provides comprehensive…