TIC Market For The Automotive Industry Overview
The automotive industry testing, inspection, and certification market is fragmented and 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 DEKRA SE, TUV Rheinland, TUV SUD, Applus Services SA, and TUV Nord, among others.
- In February 2024, DEKRA became an official conformity assessment body (CAB) for the SERMI scheme. SERMI offers brand-independent automotive businesses access to vehicle safety-related repair and maintenance information (RMI). As an accredited Conformity Assessment Body (CAB) for SERMI certification, DEKRA conducts approval and authorization inspections.
- In December 2023, TÜV SÜD unveiled its cutting-edge establishment, known as the 'TÜV SÜD Bengaluru Campus,' in Bengaluru, India. This facility is dedicated to the testing and certifying of electrical and electronic products and medical devices, adhering to national and international standards. Spanning over an impressive 3 acres, the 'TÜV SÜD Bengaluru Campus' encompasses a total area of 70,000 square feet in its initial phase. This state-of-the-art campus has been meticulously designed to incorporate the latest technology and sustainable building materials, ensuring energy efficiency and environmental sustainability.
TIC Market For The Automotive Industry Leaders
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DEKRA SE
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TUV Rheinland
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TUV SUD
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Applus Services SA
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TUV Nord
- *Disclaimer: Major Players sorted in no particular order
