China Automotive Testing, Inspection and Certification (TIC) Market opportunity Analysis and Industry Trends and Forecast to 2030
China Automotive Testing, Inspection and Certification (TIC) Market Analysis and Size China automotive testing, inspection and certification (TIC) market is expected to grow at a CAGR of 4.8% from 2023 to 2030. Government to implement strict and mandatory safety standards to be followed by vehicle manufacturers, which has been increasing over the years. The market for automotive vehicles is growing rapidly in China, especially for passenger vehicles. China's auto market seems to be the world's biggest, with intelligent functions like internet connectivity and autonomous driving. This is expected to drive sales to increase by 30% by 2025. Although with the growing automotive sales in the country, there is an increase in traffic incidents. The main reason for traffic incidents in China are actions against traffic regulations, including over freight and speed, fatigue driving, and vehicle malfunctions. In recent years, the government has been str...