Global Electric Vehicle Testing, Inspection and Certification

Global Electric Vehicle Testing, Inspection and Certification Market Research Report: Forecast (2021-2026)

By Product Type (Service Type (Testing, Inspection, Certification), By Sourcing Type (In-House, Outsourced)), By Application (Safety and Security, Connectors, Communication, EV Charging) By Region (No Read more

  • Automotive
  • Aug 2021
  • 211
  • AT55013

With the increasing adoption of Electric Vehicles (EVs), the demand for EV Testing, Inspection, & Certification (TIC) is also rising significantly. It is primarily to ensure the safety & conformity of EVs at the full-vehicle & component level. 

The Global Electric Vehicle Testing, Inspection, and Certification Market is projected to grow at a CAGR of around 15.21% during the forecast period, i.e., 2021-26, says MarkNtel Advisors. Technological advancements and the increasing complexity of automobile subsystems have paved the way for EVs. However, these vehicles come with complete parts that might pose potential risks of failure and become fatal for automobile users. 

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR 15.21%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, The UK, Germany, France, Italy 
Asia-Pacific: China, India, Japan, South Korea, Australia and Others
South America: Brazil, and Others
Middle East & Africa:  UAE, Saudi Arabia, South Africa
Key Companies Profiled DEKRA SE, TUV SUD, SGS Group, Applus Services S.A., Bureau Veritas S.A, Intertek Group PLC, Eurofins Scientific, British Standards Institution, Rina S.P.A., TUV Rheinland Group, Norges Elektriske Materiellkontroll, NSF International, Lloyd's Register Group Limited, UL LLC, Element Materials Technology, Others
Unit Denominations USD Million/Billion

 

Therefore, EVs must endure the formal testing, inspection, and certification process before becoming accessible to the general public. Hence, the demand for TIC is increasing significantly across the world.

Furthermore, the rising occurrence of vehicle recall due to component failures, coupled with increasing EV production across emerging economies, shall also fuel the market growth in the forecast period, further states the research report, "Global Electric Vehicle Testing, Inspection, and Certification Market Analysis, 2021."

Covid-19 Mildly Impacted the Global Electric Vehicle Testing, Inspection, and Certification Market

Last year, the Covid-19 pandemic negatively impacted almost all industries, where the automotive industry was the most affected. It further mildly hampered the EV industry and Global Electric Vehicle Testing, Inspection, and Certification Market later.

The initial quarter was the toughest for the market due to the stringent norms on movement imposed by the government to combat the virus. Yet, market players introduced new modes to sustain amidst the crisis. The market swiftly adopted digitization to conduct the TIC services and remote EV inspection. It also created significant growth opportunities for market players. Hence, with the gradual upliftment of restrictions, the market is expected to expand & regain its usual pace in the coming years. 

Global Electric Vehicle Testing, Inspection and Certification Market Research Report: Forecast (2021-2026)

Market Segmentation

In-House Type to Capture Larger Market Share Through 2026

Based on the Product Type, the Global Electric Vehicle Testing, Inspection, and Certification Market segments into Service Type & Sourcing Type. The Sourcing Type further bifurcates into In-House & Outsourcing types. 

Of them all, the In-House type is expected to attain the largest market share in the forecast period owing to companies having expertise in performing in-house TIC activities with complete control over the process. 

Besides, the cost-effective assessment method of in-house sourcing ensures greater consumer satisfaction and helps government agencies improve their efficiency. Furthermore, it lowers the risks associated with poor vehicle maintenance and enables manufacturers to identify the problems immediately. Therefore, the segment is likely to capture the largest market share in the forecast period.

Testing to Lead the Global Electric Vehicle Testing, Inspection, and Certification Market with the Largest Share

Based on Product Type, Global Electric Vehicle Testing, Inspection, and Certification Market segments into Service type & Sourcing Type. Amongst the two, the Service type further bifurcates into Testing, Inspection, and Certification. 

Of them all, the Testing segment is projected to capture the largest market share in the forecast period owing primarily to the strict regulatory standards by the government to ensure the safety, quality, and efficiency of EVs. 

Additionally, the massive investments by market players in several R&D activities to expand the service capabilities and offer better testing procedures shall further drive the segment to dominate the market in the forecast years, states MarkNtel Advisors in their research report, “Global Electric Vehicle Testing, Inspection, and Certification Market Analysis, 2021.”

Market Driver

The key factors that shall drive the Global Electric Vehicle Testing, Inspection, and Certification Market in the forecast period include the increasing inclination of the governments across different nations toward imposing regulatory standards for EVs, growing EV sales, and digitalization of TIC processes for EVs.

Market Restraint

The factors that might hinder the growth of the Global Electric Vehicle Testing, Inspection, and Certification Market include various EV advancements that lead to the unavailability of skilled resources, coupled with varying standards across different regions.  

Regional Landscape

Asia-Pacific to Acquire the Largest Market Share During the Forecast Period

Geographically, the market expands across North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Of them all, Asia-Pacific is projected to dominate the market with the largest share in the forecast period. 

The factors backing the dominance include the skyrocketing prices of non-renewable fuels like petrol & diesel, resulting in an inclination toward alternatives like EVs. In addition, the rapid sales of EVs, particularly across countries like China, South Korea, and India, are attracting EV manufacturers to target & launch new products in the region. It shall further increase the need for TIC services across Asia-Pacific.

Besides, emerging countries like China, India, South Korea, and Japan are the hubs for the automotive industry, where manufacturers are actively focusing on increasing their EV production rate to keep the growth consistent. This production pace directly impacts the demand for testing, inspection, and certification of electric vehicles to ensure safety. Hence, Asia-Pacific is very likely to acquire the largest market share in the forecast period.

Competitive Landscape

According to MarkNtel Advisors, the leading players in the Global Electric Vehicle Testing, Inspection, and Certification Market are DEKRA SE, TUV SUD, SGS Group, Applus Services S.A., Bureau Veritas S.A, Intertek Group PLC, Eurofins Scientific, British Standards Institution, Rina S.P.A., TUV Rheinland Group, Norges Elektriske Materiellkontroll, NSF International, Lloyd's Register Group Limited, UL LLC, Element Materials Technology, Others.

Key Questions Answered in the Market Research Report:

  1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Electric Vehicle Testing, Inspection, and Certification Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Electric Vehicle Testing, Inspection, and Certification Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Electric Vehicle Testing, Inspection, and Certification Market based on the competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the Global Electric Vehicle Testing, Inspection, and Certification Market study?

Market Outlook, Segmentation, and Statistics

  • Impact of COVID-19 on Global Electric Vehicle Testing, Inspection, and Certification Market
  • Market Size & Analysis
    • By Revenue
  • Market Share & Analysis
    • By Product Type
      • Service Type
        • Testing
        • Inspection
        • Certification
      • By Sourcing Type
        • In-House
        • Outsourced
    • By Application
      • Safety and Security
      • Connectors
      • Communication
      • EV Charging
    • By Region
      • North America
      • South America
      • Europe
      • Middle East & Africa
      • Asia-Pacific
    • By Competitors
      • Competition Characteristics
      • Market Share & Analysis
      • Competitive Matrix
  • Global Electric Vehicle Testing, Inspection, and Certification Market Hotspots & Opportunities
  • Global Electric Vehicle Testing, Inspection, and Certification Market Regulations & Policy
  • Key Strategic Imperatives for Success and Growth
  • Global Competition Outlook
    • Competition Matrix
    • Company Profile

Frequently Asked Questions

A. The Global Electric Vehicle Testing, Inspection, and Certification Market is projected to grow at a CAGR of around 15.21% in the forecast period of 2021-26.

A. DEKRA SE, TUV SUD, SGS Group, Applus Services S.A., Bureau Veritas S.A, Intertek Group PLC, Eurofins Scientific, British Standards Institution, Rina S.P.A., TUV Rheinland Group, Norges Elektriske Materiellkontroll, NSF International, Lloyd's Register Group Limited, UL LLC, Element Materials Technology, Others are a few leading players in the Global Electric Vehicle Testing, Inspection, and Certification Market.

A. Testing & In-House segments are expected to attain the highest CAGR and maintain their significant market share during the forecast period.

A. The mounting inclination of the governments across different nations toward imposing regulatory standards for EVs, growing EV sales, and digitalization of TIC processes for EVs are expected to create lucrative growth opportunities for the market in the forecast period.

A. During the pandemic, the market swiftly adopted digitization to conduct the Testing, Inspection, & Certification services & remote inspection of Electric Vehicles and created significant growth opportunities for market players. Hence, it is expected that the market shall expand and regain its full pace in the forecast period.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Definition  
  2. Executive Summary
  3. Impact of COVID-19 on Global Electric Vehicle Testing, Inspection and Certification Market
  4. Global Electric Vehicle Testing, Inspection and Certification Market Regulations & Policy
  5. Global Electric Vehicle Testing, Inspection and Certification Market Trends & Insights
  6. Global Electric Vehicle Testing, Inspection and Certification Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  7. Global Electric Vehicle Testing, Inspection and Certification Market Hotspots & Opportunities
  8. Global Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product
        1. Service Type
          1. Testing
          2. Inspection
          3. Certification
        2. By Sourcing Type
          1. In-House
          2. Outsourced
      2. By Application
        1. Safety and Security
        2. Connectors
        3. Communication
        4. EV Charging
      3. By Region
        1. North America
        2. South America
        3. Europe
        4. Asia Pacific
        5. Middle East and Africa
      4. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Matrix
  9. North America Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product
      2. By Application
      3. By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. The U.S. Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product
        2. By Application
    4. Canada Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product
        2. By Application
    5. Mexico Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product
        2. By Application
  10. South America Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product
      2. By Application
      3. By Country
        1. Brazil
        2. Others
    3. Brazil Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product
        2. By Application
  11. Europe Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product
      2. By Application
      3. By Country
        1. The U.K.
        2. Germany
        3. France
        4. Italy
        5. Others
    3. The U.K. Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product
        2. By Application
    4. Germany Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product
        2. By Application
    5. France Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product
        2. By Application
    6. Italy Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Product
        2. By Application
  12. Asia-Pacific Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product
      2. By Application
    3. By Country
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Australia
      6. Others
  13. China Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product
      2. By Application
  14. India Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product
      2. By Application
  15. Japan Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product
      2. By Application
  16. South Korea Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product
      2. By Application
  17. Australia Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product
      2. By Application
  18. Middle East and Africa Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product
      2. By Application
    3. By Country
      1. UAE
      2. Saudi Arabia
      3. South Africa
      4. Others
  19. UAE Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product
      2. By Application
  20. Saudi Arabia Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product
      2. By Application
  21. South Africa Electric Vehicle Testing, Inspection and Certification Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Product
      2. By Application
  22. Global Electric Vehicle Testing, Inspection and Certification Market Key Strategic Imperatives for Success and Growth
  23. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. DEKRA SE
      2. TUV SUD
      3. SGS Group
      4. Applus Services S.A.
      5. Bureau Veritas S.A
      6. Intertek Group PLC
      7. Eurofins Scientific
      8. British Standards Institution
      9. Rina S.P.A.
      10. TUV Rehinland Group
      11. Norges Elektriske Materiellkontroll
      12. NSF International
      13. Lloyd's Register Group Limited
      14. UL LLC
      15. Element Materials Technology
      16. Others
  24. Disclaimer
Global Electric Vehicle Testing, Inspection, and Certification Market Segmentation