Insights on the Electric Vehicle Testing, Inspection, and Certification Global Market to 2026 - Featuring Applus Services, Eurofins Scientific and Intertek Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Electric Vehicle Testing, Inspection, and Certification - A Global and Regional Analysis: Focus on Product, Application, and Country Assessment" report has been added to ResearchAndMarkets.com's offering.

The global electric vehicle testing, inspection, and certification market is expected to witness a CAGR of 14.26% during the forecast period of 2021-2026. The rapid development of electric vehicles and stringent regulatory standards laid down by the governments of multiple countries are some of the factors driving the demand for global electric vehicle testing, inspection, and certification market.

Manufacturers and component manufacturers of electric vehicles must abide by regulations to ensure that the product has been thoroughly checked from all perspectives.

Market Segmentation

• Application: Safety and Security, Connectors, Communication, and EV Charging
• Product: Service Type (Testing, Inspection, and Certification) and Sourcing (In-House and Outsourcing)

Regional Segmentation

• North America: U.S., Canada, and Mexico
• South America
• Europe: France, Germany, Spain, and Rest-of-Europe
• Asia-Pacific and Japan (APJ) - Japan, India, South Korea, and Rest-of-Asia-Pacific and Japan
• China
• U.K.
• Middle East and Africa

How This Report Can Add Value

Product/Innovation Strategy

• Market by Product, Analysis, and Forecast: The segment gives a brief overview of the service portfolio of different companies and the market presence of different services existing in the market. The market can be addressed into three categories of services: Testing, Inspection, and Certification. The product segment also includes the market by sourcing mainly segmented into in-house and outsourcing.
• Market by Application, Analysis, and Forecast: The segment gives a brief overview of the market status of different service applications and key players offering services in those applications. The key applications are safety and security, connectors, communication, and EV charging. Safety and security remain the major application area of the electric vehicle testing, inspection, and certification market. Most of the regulatory standards that are in place across major countries are mainly focused on improving the safety of electric vehicles.

Growth/Marketing Strategy

• Business and Corporate Strategies: The global electric vehicle testing, inspection, and certification market is poised to grow over time, compelling companies to develop collaborative strategies to sustain in the intensely competitive market. Companies with identical product portfolios, with a need for additional resources, often partner, which helps them gain access to one another's resources and facilitates them to achieve their objectives faster.

Key questions answered in the Report

• What are the key trends, market drivers, and opportunities in the market pertaining to electric vehicle testing, inspection, and certification?
• What are the major restraints inhibiting the global electric vehicle testing, inspection, and certification market growth?
• What kinds of new strategies are being adopted by the existing market players to expand their market position in demand-generating developing and developed countries?
• Which are the promising companies that have obtained financial support to develop their products and markets?
• How much revenue is each of the segments expected to record during the forecast period along with the growth percentage? The segments are as follows:
  • Product offerings, including Service Type and Sourcing
  • Application
  • Region, including North America, South America, the U.K., Europe, Asia-Pacific and Japan, China, and the Middle East and Africa
• Which types of players and stakeholders are operating in the market ecosystem of electric vehicle testing, inspection, and certification, and what is their significance in the global market?

Market Dynamics

Growth Drivers

• Increasing government focus on strict regulatory standards for electric vehicles
• Growing numbers of electric vehicles worldwide
• Digitalization in the testing, inspection, and certification market

Challenges

• New advancement in the electric vehicle leads to lack of skilled resources
• Different regulation and standards in different regions

Opportunities

• Government mandates for periodical technical inspection of vehicles
• Demand for electric vehicle testing, inspection, and certification in emerging economies

Companies Mentioned

• Applus Services S.A.
• British Standards Institution
• Bureau Veritas S.A.
• DEKRA SE
• Element Materials Technology
• Eurofins Scientific
• Intertek Group PLC
• Lloyd's Register Group Limited
• Norges Elektriske Materiellkontroll
• NSF International
• Rina S.P.A
• SGS Group
• TUV SUD
• TUV Rehinland Group
• UL LLC

For more information about this report visit https://www.researchandmarkets.com/r/6mn2jd