Home > Automotive > Automotive Services > Electric Vehicle Testing, Inspection, and Certification (TIC) Market

Electric Vehicle Testing, Inspection, and Certification (TIC) Market Share

Report ID: GMI8153
Published Date: Feb 2024
Report Format: PDF

Download Free Sample

Electric Vehicle Testing, Inspection, and Certification Market Share

SGS SA and Bureau Veritas dominate the market with around 10% market share. SGS SA invests heavily in specialized testing facilities outfitted with cutting-edge technology and technologies particularly designed for electric car testing. They also provide complete testing services that address safety, performance, dependability, and compliance with applicable standards and laws.

Bureau Veritas focuses on offering tailored solutions to meet the unique needs of vehicle manufacturers. Customized testing protocols, performance evaluations, and adherence to specific industry requirements enable the company to cater to the diverse range of vehicle and components. The major players also invest in equipment and methodologies, including advanced sensors, diagnostic tools, and data analytics, to conduct comprehensive assessments of vehicles, covering aspects such as battery performance, charging systems, and overall safety.

Electric Vehicle Testing, Inspection, and Certification Market Companies

Major companies operating in the electric vehicle testing, inspection, and certification (TIC) industry are:

Applus+
Bureau Veritas
DEKRA SE
Eurofins Scientific
Intertek Group plc
Materials Technology
SGS SA
TUV Rheinland
TUV SUD
UL LLC

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of electric vehicle testing, inspection, and certification (TIC) reached USD 3.2 billion in 2023 and is set to witness over 9% CAGR from 2024 to 2032, due to the rising EV sales worldwide.

The in-house sourcing segment holds 54% share of the electric vehicle testing, inspection, and certification industry in 2023, owing to rising need to efficiently manage costs of testing and certification processes.

Asia Pacific market recorded around 30% revenue share in 2023, attributed to presence of advanced infrastructure, supportive government policies, and a well-established automotive industry in the region.

Some of the key electric vehicle testing, inspection, and certification market players are Applus+, Bureau Veritas, DEKRA SE, Eurofins Scientific, Intertek Group plc, Materials Technology, SGS SA, TUV Rheinland, TUV SUD, and UL LLC.