Product ID: SQMIG20Q2010
Report ID:
SQMIG20Q2010 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
99 |
Figures:
76
Globally, the Asia-Pacific region is anticipated to have the largest Global Electric Vehicle Testing Inspection and certification Market share in the coming years. Factors such as the growing per capita income, economic growth of the region, and rising per capita consumption with a large population base, investment opportunities, and high economic growth rate due to favorable government policies is making the region favorable.
Europe will also rise in the global competition due to increasing demand for autonomous & luxury vehicles, rising vehicle production, growing sales of electric cars, strict government regulations for vehicle safety & quality, and technological development in the automobile sector.
The North American market is anticipated to grow significantly in the upcoming year, due to increased vehicle manufacturing in the region because of the rise in demand for electric vehicles.
The U.S. is the first in the country in terms of major Automotive Market countries in this region. By implementing stringent regulations and other standards, TIC services are playing a vital role for automobile companies in this region in the coming years.
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REQUEST FREE CUSTOMIZATIONElectric Vehicle Testing Inspection And Certification Market size was valued at USD 88.98 billion in 2019 and is poised to grow from USD 94.06 billion in 2023 to USD 150.9 billion by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).
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Product ID: SQMIG20Q2010