The market for automotive QSM is highly fragmented. Top 3 companies share about 25% of the market share whereas top 10 cover almost about 55% to 65% of market share.
— The Global Automotive Quality Services Market is expected to reach USD 31.79 Billion in 2025. The major drivers of this market include, globalization, increasing focus of customers on quality and safety, and stringent regulations enforced by regulatory bodies. Automotive quality services are implied by the automotive sector popularly with the main objective of elevating the overall quality of the product by maximizing vehicle performance and accomplishing higher levels of customer satisfaction. Such qualities enabling the vehicle to surpass expectations related to performance including engine efficiency, environmental exhaust standards and product features.
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A surge in demand for sustainable and innovative vehicles is accelerating the electric vehicles market and boosting the growth of the automotive quality services market. In addition to this, increasing concerns regarding environmental issues arising from uncontrolled fuel emissions is leading to rise in government initiatives implementing stringent policies with a view of reducing vehicle emissions.
With the rise in demand for electric vehicles, the automobile industry is witnessing a considerable shift. The electric vehicles are designed with parts different from regular engine vehicles which is a major reason why they require a unique set of inspection, testing and certification regulations and standards. This changing global market massively rising the demand for safety products combined with luxury aesthetics is augmenting the growth of the global automotive quality service market. The application segment of the automotive quality service market includes electric vehicles, electrical systems and components, hybrid vehicles and battery systems, fuels, telematics, fluids and lubricants, interior and exterior materials and components, homologation testing and vehicle inspection services.
Consumption of fuel on a global level is on a rapid rise and is only expected to grow over the next few years expressing the need for modernization of transportation incorporated with advanced technology. The automobile industry is the center of industrialization with an inclined demand towards outsourcing testing, inspection and certification services wherein strict government standards making it mandatory to adopt such quality testing services increasing the growth of the global automotive quality services market. Emerging economies involving government support are observed to be a lucrative market for the market.
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The Global Automotive Quality Services Market has strong competition among the well-established and new emerging players. These players aim to gain an edge over the other players by including more benefits to the employers.
The major players of Global Automotive Quality Services Market includes Intertek, Bureau Veritas, CSI S.p.A, National Technical Systems, Inc, Applied Technical Services, Inc, Millbrook Proving Ground Limited, Element Materials Technology Ltd, Ashton Technologies and Ashton Automotive Testing, Weiss Technik North America, Inc, Idneo Technologies S.L along with others.
Segment overview of Global Automotive Quality Services Market
Type Overview, 2015-2025 (USD Billion)
• Testing Services
• Certifying & Validating Service
• Quality Sorting Service
Application Overview, 2015-2025 (USD Billion)
• Electrical Systems and Components
• Vehicle Inspection Services
• Homologation Testing
• Interior & Exterior Materials
Regional Overview, 2015-2025 (USD Billion)
• North America
o United Kingdom
o Rest of Europe
o Rest of APAC
• Latin America
o Rest of Latin America
• Middle East and Africa
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Some Major Points from TOC
Chapter 1 Report Overview
Chapter 2 Global Growth Trends
Chapter 3 Market Share by Key Players
Chapter 4 Breakdown Data by Type and Application
Chapter 5 United States
Chapter 6 Europe
Chapter 7 China
Chapter 8 Japan
Chapter 9 South East Asia
Chapter 10 India
Chapter 11 Central and South America
Chapter 12 Company Profiles
12.1 Intertek Group plc
12.2 Bureau Veritas
12.3 CSI S.p.A.
12.4 National Technical Systems, Inc.
12.5 Applied Technical Services, Inc.
12.6 Millbrook Proving Ground Limited
12.7 Element Materials Technology Ltd.
12.8 Ashton Technologies and Ashton Automotive Testing
12.9 Weiss Technik North America, Inc.
12.1 Idneo Technologies S.L.
12.11 Magna International Inc.
12.12 Quality Service Group
12.13 Dragon Solutions Ltd
12.14 TRIGO, S.A.
12.15 Stratosphere Quality LLC
12.16 Matrix Quality Services, Inc
12.17 Automotive Quality & Logistics Inc.
Chapter 13 Market Forecast 2019-2025
Chapter 14 Research Findings and Conclusion
Chapter 15 Methodology and Data Source
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a Market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable Market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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