Testing, Inspection, and Certification Market For The Automotive Industry - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The automotive industry's testing, inspection, and certification market are expected to grow by registering a CAGR of about 5.9% during the forecast period. The increasing automobile production, the growing number of government-imposed policies regarding safety and environmental standards in the automotive industry, and increasing awareness among consumers regarding safety and product quality are among the leading factors driving the growth of the market studied.
Key HighlightsThe automotive industry testing, inspection, and certification market has several players. With the growing demand for automobiles, an increasing number of new players are also entering the market, driving the market competition. Established market players focus on further expanding their market presence and service portfolio, establishing partnerships, and making acquisitions to consolidate their market presence further. Some major players operating in the market include Bureau Veritas, TUV SUD, Intertek Group PLC, and SGS SA, among others.
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