Mexico Automotive Testing Inspection Certification Market [195 Pages] The Mexico automotive TIC (testing, inspection, certification) market reached USD 634.9 million in 2022 and is projected to witness lucrative growth by reaching up to USD 1,319.7 million by 2030. The market is growing at a CAGR of 11.0% during the forecast period (2023-2030). The Mexican automotive industry is one of the largest in the world, with several major manufacturers operating in the country, including General Motors, Ford and Volkswagen.
The industry is a significant contributor to the Mexican economy, employing thousands of workers and generating billions of dollars in revenue each year. The Mexico automotive TIC market plays a critical role in ensuring the safety and quality of automotive products, including vehicles, components and systems. TIC services include testing and analysis of materials and components, inspection and certification of manufacturing processes and verification of compliance with regulatory standards.
Mexico Automotive Testing Inspection Certification Market Dynamics and Trends
The growing demand for high quality automotive products
With the growing competition in the global automotive market, Mexican manufacturers are under pressure to produce high-quality and safe vehicles and automotive components that meet both domestic and international standards. To ensure that these products meet the required standards, automotive manufacturers in Mexico rely on internationally accredited testing agencies for testing, inspection and certification of their products. TIC services help manufacturers to identify defects and potential hazards in their products before they are released into the market, thereby reducing the risk of product recalls and liability claims. It is a key factor behind the Mexico automotive TIC market growth.
The digitization of testing services creates lucrative growth prospects for the Mexico automotive TIC market
Digitization also allows testing companies to offer more comprehensive and personalized services to their clients. For example, by using digital tools and platforms, testing companies can provide real-time data and analytics to automotive manufacturers, allowing them to identify quality issues early on in the production cycle and improve their products. Another benefit of digitization is the ability to provide remote testing and certification services. With digital tools and platforms, testing companies can conduct testing and certification services remotely, reducing the need for physical inspections and increasing the speed and efficiency of the certification process. Furthermore, can use digital tools and platforms to provide data analytics, predictive maintenance and other value-added services to their clients. Digitization of testing services offers major growth opportunities for the Mexico automotive TIC (testing, inspection and certification) market
Mexico Automotive Testing Inspection Certification Market Segment Analysis
The Mexico automotive TIC (testing, inspection, certification) market is segmented based on type, product type and vertical.
Due to their high volume, passenger vehicles dominate the market
Passenger vehicles dominate the Mexican market with a share of nearly 86%, since passenger vehicles are the most widely sold automobiles in Mexico. Passenger vehicles are the most commonly used form of transportation in Mexico, with a large number of private vehicle owners and a significant market for rental cars. Furthermore, Mexico is also a major automotive manufacturing center with global brands such as Toyota, GM, Nissan, Honda and Ford Motor manufacturing various models for export.
Mexico Automotive Testing Inspection Certification Companies and Competitive Landscape
The major Mexico players include SGS SA, Intertek PLC, TÜV Rheinland, Bureau Veritas, UL Solutions, Element Materials Technology, Dekra, Rohde & Schwarz GmbH & Co KG, Anritsu and AVL List GmbH.
COVID-19 Impact on Mexico Automotive Testing Inspection Certification Market
By Type
• Autonomous and Connected Vehicles
• Automotive Fluids
• Electrical Components and Electronics
• Electro Mobility / Electric Vehicles
• Materials and Components - Composites, Plastics and Metals
• Engine and Gears
• Environmental Testing
• Systems Testing
• Others
By Product Type
• Engine Dynamo Meter
• Wheel Alignment Tester
• Chassis Dynamo Meter
• Vehicle Emission Tester
• Transmission Dynamometer
• Fuel Injection Pump Tester
• Advanced Battery Analyzer
• Durability Tester
• Endurance Tester
• Flammability Tester
• Gas Analyzer
• Impact Or Crush Testers
• Torsional Fatigue Tester
• Vibration Tester
• Others
By Vertical
• Passenger Vehicle
• Commercial Vehicle
Key Developments
• On April 10, 2023, data released by Mexico’s national statistics agency (INEGI), showed an increase in vehicle production by 13.12% to 346,124 vehicles and a further increase in exports by 3.88% to 272,687 vehicles over the previous year. The increase in vehicle production and exports creates new opportunities for the Mexican automotive TIC market.
• On March 31, 2023, Faurecia, a French global automotive components supplier, announced the opening of a new USD 147 million plant in Mexico to manufacture seats and interior parts for up to 2 million cars by 2025. It presents significant new opportunities for the local automotive component testing market.
• In June, 2022, The Global New Car Assessment Programme (NCAP) conducted a crash test between two models sold in U.S. and Mexico which were manufactured by the automotive company Hyundai. The U.S. model fared much better than the Mexican model, highlighting the critical differences in automotive testing and certification standards in both countries.
Why Purchase the Report?
• To visualize the global Mexico automotive TIC (testing, inspection, certification)- market segmentation based on product, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of Mexico automotive TIC (testing, inspection, certification) market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The Mexico automotive TIC (testing, inspection, certification) market report would provide approximately 36 tables, 43 figures and 195 Pages.
Target Audience 2023
• Automotive Manufacturers
• Automotive Testing Companies
• Industry Investors/Investment Bankers
• Research Professionals
• Regulatory Agencies
Suggestions for Related Report
• Global Automotive Testing Market
• India Automotive Testing Market
• South Korea Automotive TIC (Testing, Inspection, Certification) Market
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Type
- 3.2. Snippet by Product Type
- 3.3. Snippet by Vertical
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. The growing demand for high-quality automotive products
- 4.1.1.2. The digitization of testing services
- 4.1.1.3. XX
- 4.1.2. Restraints
- 4.1.2.1. Lack of advanced testing infrastructure
- 4.1.2.2. XX
- 4.1.3. Opportunity
- 4.1.3.1. XX
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Before COVID-19 Scenario
- 6.1.2. Present COVID-19 Scenario
- 6.1.3. Post COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 7.1.2. Market Attractiveness Index, By Product
- 7.2. Autonomous and Connected Vehicles*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Automotive Fluids
- 7.4. Electrical Components and Electronics
- 7.5. Electro Mobility / Electric Vehicles
- 7.6. Materials and Components - Composites, Plastics and Metals
- 7.7. Engine and Gears
- 7.8. Environmental Testing
- 7.9. Systems Testing
- 7.10. Others
- 8. By Product Type
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 8.1.2. Market Attractiveness Index, By Application
- 8.2. Engine Dynamo Meter*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Wheel Alignment Tester
- 8.4. Chassis Dynamo Meter
- 8.5. Vehicle Emission Tester
- 8.6. Transmission Dynamometer
- 8.7. Fuel Injection Pump Tester
- 8.8. Advanced Battery Analyzer
- 8.9. Durability Tester
- 8.10. Endurance Tester
- 8.11. Flammability Tester
- 8.12. Gas Analyzer
- 8.13. Impact Or Crush Testers
- 8.14. Torsional Fatigue Tester
- 8.15. Vibration Tester
- 8.16. Others
- 9. By Vertical
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2. Market Attractiveness Index, By Application
- 9.2. Passenger Vehicle*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Commercial Vehicle
- 10. Competitive Landscape
- 10.1. Competitive Scenario
- 10.2. Market Positioning/Share Analysis
- 10.3. Mergers and Acquisitions Analysis
- 11. Company Profiles
- 11.1. SGS SA *
- 11.1.1. Company Overview
- 11.1.2. Product Portfolio and Description
- 11.1.3. Financial Overview
- 11.1.4. Key Developments
- 11.2. Intertek PLC
- 11.3. TUV Rheinland
- 11.4. Bureau Veritas
- 11.5. UL Solutions
- 11.6. Element Materials Technology
- 11.7. Dekra
- 11.8. Rohde & Schwarz GmbH
- 11.9. Anritsu
- 11.10. AVL List GmBH(*LIST NOT EXHAUSTIVE)
- 12. Appendix
- 12.1. About Us and Services
- 12.2. Contact Us
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