The automotive quality service global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automotive Quality Service Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
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 @
https://www.thebusinessresearchcompany.com/report/automotive-quality-service-global-market-report
Scope Of Automotive Quality Service Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automotive Quality Service Market Overview
Market Drivers -
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.
Market Trends -
Major players in the automotive
quality service market are prioritizing the development of innovative
solutions, such as hassle-free vehicle service, to enhance customer
experience, streamline operations, and improve overall service quality.
Hassle-free vehicle service denotes a seamless and convenient process
for vehicle maintenance, repairs, and servicing, minimizing
inconvenience for vehicle owners. For instance, in June 2021, BMW India,
a subsidiary of the renowned German car manufacturer BMW, launched a
contactless service for vehicle servicing. This initiative enables
customers to engage in various activities, including exploring and
purchasing new and pre-owned BMW cars, scheduling vehicle services, and
conducting secure online transactions, all through the BMW Contactless
Experience platform. Following service, the sanitized vehicle is
delivered to the customer's preferred location, aligning with local
government directives for safety. This innovative service aims to reduce
customer interaction while enhancing safety and convenience throughout
the vehicle servicing process.
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
Get an inside scoop of the automotive quality service market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15988&type=smp
Regional Insights -
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.
Key Companies -
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.
Table of Contents
1. Executive Summary
2. Automotive Quality Service Market Report Structure
3. Automotive Quality Service Market Trends And Strategies
4. Automotive Quality Service Market – Macro Economic Scenario
5. Automotive Quality Service Market Size And Growth
…..
27. Automotive Quality Service Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. 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
No comments:
Post a Comment