South Korea Electric Vehicle Testing, Inspection, And Certification Market Size & Outlook
South Korea electric vehicle testing, inspection, and certification market, 2018-2030 (US$M)
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South Korea electric vehicle testing, inspection, and certification market highlights
- The South Korea electric vehicle testing, inspection, and certification market generated a revenue of USD 28.9 million in 2023 and is expected to reach USD 65.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.4% from 2024 to 2030.
- In terms of segment, testing was the largest revenue generating service type in 2023.
- Certification is the most lucrative service type segment registering the fastest growth during the forecast period.
Electric vehicle testing, inspection, and certification market data book summary
| Market revenue in 2023 | USD 28.9 million |
| Market revenue in 2030 | USD 65.7 million |
| Growth rate | 12.4% (CAGR from 2023 to 2030) |
| Largest segment | Testing |
| Fastest growing segment | Certification |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Testing, Inspection, Certification |
| Key market players worldwide | Bureau Veritas SA, Intertek Group PLC, SGL Group, SGS AG, Unilever PLC ADR, BSI Group, Dekra, Element Materials Technology, iASYS, TUV SUD, TÜV Rheinland Group |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.4% of the global electric vehicle testing, inspection, and certification market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China electric vehicle testing, inspection, and certification market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 125.9 million by 2030.
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Electric Vehicle Testing, Inspection, And Certification Market Scope
Electric Vehicle Testing, Inspection, And Certification Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea electric vehicle testing, inspection, and certification market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric vehicle testing, inspection, and certification market will help companies and investors design strategic landscapes.
Testing was the largest segment with a revenue share of 71.63% in 2023. Horizon Databook has segmented the South Korea electric vehicle testing, inspection, and certification market based on testing, inspection, certification covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of South Korea electric vehicle testing, inspection, and certification market databook
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Our clientele includes a mix of electric vehicle testing, inspection, and certification market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea electric vehicle testing, inspection, and certification market , including forecasts for subscribers. This country databook contains high-level insights into South Korea electric vehicle testing, inspection, and certification market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea electric vehicle testing, inspection, and certification market size, by service type, 2018-2030 (US$M)
South Korea Electric Vehicle Testing, Inspection, And Certification Market Outlook Share, 2023 & 2030 (US$M)
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