▶ 調査レポート

自動車用TICの世界市場2020年:企業別、地域別、種類・用途別

• 英文タイトル:Global Automotive TIC Market 2020 by Company, Regions, Type and Application, Forecast to 2025

GlobalInfoResearchが調査・発行した産業分析レポートです。自動車用TICの世界市場2020年:企業別、地域別、種類・用途別 / Global Automotive TIC Market 2020 by Company, Regions, Type and Application, Forecast to 2025 / MRC2012B0105資料のイメージです。• レポートコード:MRC2012B0105
• 出版社/出版日:GlobalInfoResearch / 2020年12月21日
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• レポート形態:英文、PDF、102ページ
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レポート概要
本調査レポートでは、自動車用TICの世界市場を広く調査・分析し、今後の市場展望をまとめております。自動車用TICの種類別市場規模(試験、検査、認証)、用途別市場規模(乗用車、商用車)、地域別市場規模(北米、アメリカ、ヨーロッパ、アジア、中国、日本、東南アジア、南米、中東、アフリカなど)、市場動向、企業別販売量と市場シェアなどの情報を掲載しています。
・市場概要
・企業情報(販売量、市場シェア、製品概要、SWOT分析):DEKRA、TÜV Nord Group、Applus Services、TÜV SÜD Group、TÜV Rheinland Group、Bureau Veritas、Intertek Group、SGS Group、
・地域別グローバル市場分析 2015年-2020年
・自動車用TICの北米市場(アメリカ、カナダ、メキシコ)
・自動車用TICのヨーロッパ市場(ドイツ、イギリス、フランス、ロシア、イタリア)
・自動車用TICのアジア市場(中国、日本、韓国、インド、東南アジア、オーストラリア)
・自動車用TICの南米市場(ブラジル、アルゼンチン)
・自動車用TICの中東・アフリカ市場(サウジアラビア、トルコ、エジプト、南アフリカ)
・種類別分析:試験、検査、認証
・用途別分析:乗用車、商用車
・地域別市場規模予測 2021年-2025年
・調査の結果・結論

Market Overview
The Automotive TIC market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.

The global Automotive TIC market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 5.4%% in the forecast period of 2020 to 2025 and will expected to reach USD 19910 million by 2025, from USD 16160 million in 2019.

Market segmentation
Automotive TIC market is split by Type and by Application. For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

By Type, Automotive TIC market has been segmented into:
Testing
Inspection
Certification

By Application, Automotive TIC has been segmented into:
Passenger Cars
Commercial Vehicles

Regions and Countries Level Analysis
Regional analysis is another highly comprehensive part of the research and analysis study of the global Automotive TIC market presented in the report. This section sheds light on the sales growth of different regional and country-level Automotive TIC markets. For the historical and forecast period 2015 to 2025, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global Automotive TIC market.

The report offers in-depth assessment of the growth and other aspects of the Automotive TIC market in important countries (regions), including:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Competitive Landscape and Automotive TIC Market Share Analysis
Automotive TIC competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Automotive TIC sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. For the period 2015-2020, this study provides the Automotive TIC sales, revenue and market share for each player covered in this report.

The major players covered in Automotive TIC are:
DEKRA
TÜV Nord Group
Applus Services
TÜV SÜD Group
TÜV Rheinland Group
Bureau Veritas
Intertek Group
SGS Group
Among other players domestic and global, Automotive TIC market share data is available for global, North America, Europe, Asia-Pacific, Middle East & Africa and South America separately. Global Info Research analysts understand competitive strengths and provide competitive analysis for each competitor separately.

レポート目次

1 Automotive TIC Market Overview
1.1 Product Overview and Scope of Automotive TIC
1.2 Classification of Automotive TIC by Type
1.2.1 Global Automotive TIC Revenue by Type: 2015 VS 2019 VS 2025
1.2.2 Global Automotive TIC Revenue Market Share by Type in 2019
1.2.3 Testing
1.2.4 Inspection
1.2.5 Certification
1.3 Global Automotive TIC Market by Application
1.3.1 Overview: Global Automotive TIC Revenue by Application: 2015 VS 2019 VS 2025
1.3.2 Passenger Cars
1.3.3 Commercial Vehicles
1.4 Global Automotive TIC Market by Regions
1.4.1 Global Automotive TIC Market Size by Regions: 2015 VS 2019 VS 2025
1.4.2 Global Market Size of Automotive TIC (2015-2025)
1.4.3 North America (USA, Canada and Mexico) Automotive TIC Status and Prospect (2015-2025)
1.4.4 Europe (Germany, France, UK, Russia and Italy) Automotive TIC Status and Prospect (2015-2025)
1.4.5 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) Automotive TIC Status and Prospect (2015-2025)
1.4.6 South America (Brazil, Argentina, Colombia) Automotive TIC Status and Prospect (2015-2025)
1.4.7 Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Automotive TIC Status and Prospect (2015-2025)
2 Company Profiles
2.1 DEKRA
2.1.1 DEKRA Details
2.1.2 DEKRA Major Business
2.1.3 DEKRA SWOT Analysis
2.1.4 DEKRA Product and Services
2.1.5 DEKRA Automotive TIC Revenue, Gross Margin and Market Share (2018-2019)
2.2 TÜV Nord Group
2.2.1 TÜV Nord Group Details
2.2.2 TÜV Nord Group Major Business
2.2.3 TÜV Nord Group SWOT Analysis
2.2.4 TÜV Nord Group Product and Services
2.2.5 TÜV Nord Group Automotive TIC Revenue, Gross Margin and Market Share (2018-2019)
2.3 Applus Services
2.3.1 Applus Services Details
2.3.2 Applus Services Major Business
2.3.3 Applus Services SWOT Analysis
2.3.4 Applus Services Product and Services
2.3.5 Applus Services Automotive TIC Revenue, Gross Margin and Market Share (2018-2019)
2.4 TÜV SÜD Group
2.4.1 TÜV SÜD Group Details
2.4.2 TÜV SÜD Group Major Business
2.4.3 TÜV SÜD Group SWOT Analysis
2.4.4 TÜV SÜD Group Product and Services
2.4.5 TÜV SÜD Group Automotive TIC Revenue, Gross Margin and Market Share (2018-2019)
2.5 TÜV Rheinland Group
2.5.1 TÜV Rheinland Group Details
2.5.2 TÜV Rheinland Group Major Business
2.5.3 TÜV Rheinland Group SWOT Analysis
2.5.4 TÜV Rheinland Group Product and Services
2.5.5 TÜV Rheinland Group Automotive TIC Revenue, Gross Margin and Market Share (2018-2019)
2.6 Bureau Veritas
2.6.1 Bureau Veritas Details
2.6.2 Bureau Veritas Major Business
2.6.3 Bureau Veritas Product and Services
2.6.4 Bureau Veritas Automotive TIC Revenue, Gross Margin and Market Share (2018-2019)
2.7 Intertek Group
2.7.1 Intertek Group Details
2.7.2 Intertek Group Major Business
2.7.3 Intertek Group Product and Services
2.7.4 Intertek Group Automotive TIC Revenue, Gross Margin and Market Share (2018-2019)
2.8 SGS Group
2.8.1 SGS Group Details
2.8.2 SGS Group Major Business
2.8.3 SGS Group Product and Services
2.8.4 SGS Group Automotive TIC Revenue, Gross Margin and Market Share (2018-2019)
3 Market Competition, by Players
3.1 Global Automotive TIC Revenue and Share by Players (2015-2020)
3.2 Market Concentration Rate
3.2.1 Top 5 Automotive TIC Players Market Share
3.2.2 Top 10 Automotive TIC Players Market Share
3.3 Market Competition Trend
4 Market Size by Regions
4.1 Global Automotive TIC Revenue and Market Share by Regions
4.2 North America Automotive TIC Revenue and Growth Rate (2015-2020)
4.3 Europe Automotive TIC Revenue and Growth Rate (2015-2020)
4.4 Asia-Pacific Automotive TIC Revenue and Growth Rate (2015-2020)
4.5 South America Automotive TIC Revenue and Growth Rate (2015-2020)
4.6 Middle East & Africa Automotive TIC Revenue and Growth Rate (2015-2020)
5 North America Automotive TIC Revenue by Countries
5.1 North America Automotive TIC Revenue by Countries (2015-2020)
5.2 USA Automotive TIC Revenue and Growth Rate (2015-2020)
5.3 Canada Automotive TIC Revenue and Growth Rate (2015-2020)
5.4 Mexico Automotive TIC Revenue and Growth Rate (2015-2020)
6 Europe Automotive TIC Revenue by Countries
6.1 Europe Automotive TIC Revenue by Countries (2015-2020)
6.2 Germany Automotive TIC Revenue and Growth Rate (2015-2020)
6.3 UK Automotive TIC Revenue and Growth Rate (2015-2020)
6.4 France Automotive TIC Revenue and Growth Rate (2015-2020)
6.5 Russia Automotive TIC Revenue and Growth Rate (2015-2020)
6.6 Italy Automotive TIC Revenue and Growth Rate (2015-2020)
7 Asia-Pacific Automotive TIC Revenue by Countries
7.1 Asia-Pacific Automotive TIC Revenue by Countries (2015-2020)
7.2 China Automotive TIC Revenue and Growth Rate (2015-2020)
7.3 Japan Automotive TIC Revenue and Growth Rate (2015-2020)
7.4 Korea Automotive TIC Revenue and Growth Rate (2015-2020)
7.5 India Automotive TIC Revenue and Growth Rate (2015-2020)
7.6 Southeast Asia Automotive TIC Revenue and Growth Rate (2015-2020)
8 South America Automotive TIC Revenue by Countries
8.1 South America Automotive TIC Revenue by Countries (2015-2020)
8.2 Brazil Automotive TIC Revenue and Growth Rate (2015-2020)
8.3 Argentina Automotive TIC Revenue and Growth Rate (2015-2020)
9 Middle East & Africa Revenue Automotive TIC by Countries
9.1 Middle East & Africa Automotive TIC Revenue by Countries (2015-2020)
9.2 Saudi Arabia Automotive TIC Revenue and Growth Rate (2015-2020)
9.3 UAE Automotive TIC Revenue and Growth Rate (2015-2020)
9.4 Egypt Automotive TIC Revenue and Growth Rate (2015-2020)
9.5 South Africa Automotive TIC Revenue and Growth Rate (2015-2020)
10 Market Size Segment by Type
10.1 Global Automotive TIC Revenue and Market Share by Type (2015-2020)
10.2 Global Automotive TIC Market Forecast by Type (2019-2024)
10.3 Testing Revenue Growth Rate (2015-2025)
10.4 Inspection Revenue Growth Rate (2015-2025)
10.5 Certification Revenue Growth Rate (2015-2025)
11 Global Automotive TIC Market Segment by Application
11.1 Global Automotive TIC Revenue Market Share by Application (2015-2020)
11.2 Automotive TIC Market Forecast by Application (2019-2024)
11.3 Passenger Cars Revenue Growth (2015-2020)
11.4 Commercial Vehicles Revenue Growth (2015-2020)
12 Global Automotive TIC Market Size Forecast (2021-2025)
12.1 Global Automotive TIC Market Size Forecast (2021-2025)
12.2 Global Automotive TIC Market Forecast by Regions (2021-2025)
12.3 North America Automotive TIC Revenue Market Forecast (2021-2025)
12.4 Europe Automotive TIC Revenue Market Forecast (2021-2025)
12.5 Asia-Pacific Automotive TIC Revenue Market Forecast (2021-2025)
12.6 South America Automotive TIC Revenue Market Forecast (2021-2025)
12.7 Middle East & Africa Automotive TIC Revenue Market Forecast (2021-2025)
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Data Source
14.3 Disclaimer
14.4 About US

List of Tables
Table 1. Global Automotive TIC Revenue (USD Million) by Type: 2015 VS 2019 VS 2025
Table 2. Breakdown of Automotive TIC by Company Type (Tier 1, Tier 2 and Tier 3)
Table 3. Global Automotive TIC Revenue (USD Million) by Application: 2015 VS 2019 VS 2025
Table 4. Global Market Automotive TIC Revenue (Million USD) Comparison by Regions 2015-2025
Table 5. Global Automotive TIC Market Size and Growth Estimation in Various Scenarios in 2020
Table 6. DEKRA Corporate Information, Location and Competitors
Table 7. DEKRA Automotive TIC Major Business
Table 8. DEKRA Automotive TIC Total Revenue (USD Million) (2017-2018)
Table 9. DEKRA SWOT Analysis
Table 10. DEKRA Automotive TIC Product and Solutions
Table 11. DEKRA Automotive TIC Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 12. TÜV Nord Group Corporate Information, Location and Competitors
Table 13. TÜV Nord Group Automotive TIC Major Business
Table 14. TÜV Nord Group Automotive TIC Total Revenue (USD Million) (2018-2019)
Table 15. TÜV Nord Group SWOT Analysis
Table 16. TÜV Nord Group Automotive TIC Product and Solutions
Table 17. TÜV Nord Group Automotive TIC Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 18. Applus Services Corporate Information, Location and Competitors
Table 19. Applus Services Automotive TIC Major Business
Table 20. Applus Services Automotive TIC Total Revenue (USD Million) (2017-2018)
Table 21. Applus Services SWOT Analysis
Table 22. Applus Services Automotive TIC Product and Solutions
Table 23. Applus Services Automotive TIC Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 24. TÜV SÜD Group Corporate Information, Location and Competitors
Table 25. TÜV SÜD Group Automotive TIC Major Business
Table 26. TÜV SÜD Group Automotive TIC Total Revenue (USD Million) (2017-2018)
Table 27. TÜV SÜD Group SWOT Analysis
Table 28. TÜV SÜD Group Automotive TIC Product and Solutions
Table 29. TÜV SÜD Group Automotive TIC Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 30. TÜV Rheinland Group Corporate Information, Location and Competitors
Table 31. TÜV Rheinland Group Automotive TIC Major Business
Table 32. TÜV Rheinland Group Automotive TIC Total Revenue (USD Million) (2017-2018)
Table 33. TÜV Rheinland Group SWOT Analysis
Table 34. TÜV Rheinland Group Automotive TIC Product and Solutions
Table 35. TÜV Rheinland Group Automotive TIC Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 36. Bureau Veritas Corporate Information, Location and Competitors
Table 37. Bureau Veritas Automotive TIC Major Business
Table 38. Bureau Veritas Automotive TIC Total Revenue (USD Million) (2017-2018)
Table 39. Bureau Veritas SWOT Analysis
Table 40. Bureau Veritas Automotive TIC Product and Solutions
Table 41. Bureau Veritas Automotive TIC Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 42. Intertek Group Corporate Information, Location and Competitors
Table 43. Intertek Group Automotive TIC Major Business
Table 44. Intertek Group Automotive TIC Total Revenue (USD Million) (2017-2018)
Table 45. Intertek Group SWOT Analysis
Table 46. Intertek Group Automotive TIC Product and Solutions
Table 47. Intertek Group Automotive TIC Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 48. SGS Group Corporate Information, Location and Competitors
Table 49. SGS Group Automotive TIC Major Business
Table 50. SGS Group Automotive TIC Total Revenue (USD Million) (2017-2018)
Table 51. SGS Group SWOT Analysis
Table 52. SGS Group Automotive TIC Product and Solutions
Table 53. SGS Group Automotive TIC Revenue (USD Million), Gross Margin and Market Share (2018-2019)
Table 54. Global Automotive TIC Revenue (Million USD) by Players (2015-2020)
Table 55. Global Automotive TIC Revenue Share by Players (2015-2020)
Table 56. Global Automotive TIC Revenue (Million USD) by Regions (2015-2020)
Table 57. Global Automotive TIC Revenue Market Share by Regions (2015-2020)
Table 58. North America Automotive TIC Revenue by Countries (2015-2020)
Table 59. North America Automotive TIC Revenue Market Share by Countries (2015-2020)
Table 60. Europe Automotive TIC Revenue (Million USD) by Countries (2015-2020)
Table 61. Asia-Pacific Automotive TIC Revenue (Million USD) by Countries (2015-2020)
Table 62. South America Automotive TIC Revenue by Countries (2015-2020)
Table 63. South America Automotive TIC Revenue Market Share by Countries (2015-2020)
Table 64. Middle East and Africa Automotive TIC Revenue (Million USD) by Countries (2015-2020)
Table 65. Middle East and Africa Automotive TIC Revenue Market Share by Countries (2015-2020)
Table 66. Global Automotive TIC Revenue (Million USD) by Type (2015-2020)
Table 67. Global Automotive TIC Revenue Share by Type (2015-2020)
Table 68. Global Automotive TIC Revenue Forecast by Type (2021-2025)
Table 69. Global Automotive TIC Revenue by Application (2015-2020)
Table 70. Global Automotive TIC Revenue Share by Application (2015-2020)
Table 71. Global Automotive TIC Revenue Forecast by Application (2021-2025)
Table 72. Global Automotive TIC Revenue (Million USD) Forecast by Regions (2021-2025)
List of Figures
Figure 1. Automotive TIC Picture
Figure 2. Global Automotive TIC Revenue Market Share by Type in 2019
Figure 3. Testing Picture
Figure 4. Inspection Picture
Figure 5. Certification Picture
Figure 6. Automotive TIC Revenue Market Share by Application in 2019
Figure 7. Passenger Cars Picture
Figure 8. Commercial Vehicles Picture
Figure 9. Global Automotive TIC Revenue (USD Million) and Growth Rate (2015-2025)
Figure 10. North America Automotive TIC Revenue (Million USD) and Growth Rate (2015-2025)
Figure 11. Europe Automotive TIC Revenue (Million USD) and Growth Rate (2015-2025)
Figure 12. Asia-Pacific Automotive TIC Revenue (Million USD) and Growth Rate (2015-2025)
Figure 13. South America Automotive TIC Revenue (Million USD) and Growth Rate (2015-2025)
Figure 14. Middle East and Africa Automotive TIC Revenue (Million USD) and Growth Rate (2015-2025)
Figure 15. Global Automotive TIC Revenue (Million USD) and Growth Rate (2015-2025)
Figure 16. Global Automotive TIC Revenue Share by Players in 2019
Figure 17. Global Top 5 Players Automotive TIC Revenue Market Share in 2019
Figure 18. Global Top 10 Players Automotive TIC Revenue Market Share in 2019
Figure 19. Key Players Market Share Trend
Figure 20. Global Automotive TIC Revenue (Million USD) and Growth Rate (%) (2015-2020)
Figure 21. Global Automotive TIC Revenue Market Share by Regions (2015-2020)
Figure 22. Global Automotive TIC Revenue Market Share by Regions in 2018
Figure 23. North America Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 24. Europe Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 25. Asia-Pacific Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 26. South America Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 27. Middle East and Africa Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 28. North America Automotive TIC Revenue Market Share by Countries (2015-2020)
Figure 29. North America Automotive TIC Revenue Market Share by Countries in 2019
Figure 30. USA Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 31. Canada Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 32. Mexico Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 33. Europe Automotive TIC Revenue Market Share by Countries (2015-2020)
Figure 34. Europe Automotive TIC Revenue Market Share by Countries in 2019
Figure 35. Germany Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 36. UK Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 37. France Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 38. Russia Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 39. Italy Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 40. Asia-Pacific Automotive TIC Revenue Market Share by Countries (2015-2020)
Figure 41. Asia-Pacific Automotive TIC Revenue Market Share by Countries in 2019
Figure 42. China Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 43. Japan Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 44. Korea Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 45. India Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 46. Southeast Asia Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 47. South America Automotive TIC Revenue Market Share by Countries (2015-2020)
Figure 48. South America Automotive TIC Revenue Market Share by Countries in 2019
Figure 49. Brazil Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 50. Argentina Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 51. Middle East and Africa Automotive TIC Revenue Market Share by Countries (2015-2020)
Figure 52. Middle East and Africa Automotive TIC Revenue Market Share by Countries in 2019
Figure 53. Saudi Arabia Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 54. UAE Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 55. Egypt Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 56. South Africa Automotive TIC Revenue and Growth Rate (2015-2020)
Figure 57. Global Automotive TIC Revenue Share by Type (2015-2020)
Figure 58. Global Automotive TIC Revenue Share by Type in 2019
Figure 59. Global Automotive TIC Market Share Forecast by Type (2021-2025)
Figure 60. Global Testing Revenue Growth Rate (2015-2020)
Figure 61. Global Inspection Revenue Growth Rate (2015-2020)
Figure 62. Global Certification Revenue Growth Rate (2015-2020)
Figure 63. Global Automotive TIC Revenue Share by Application (2015-2020)
Figure 64. Global Automotive TIC Revenue Share by Application in 2019
Figure 65. Global Automotive TIC Market Share Forecast by Application (2021-2025)
Figure 66. Global Passenger Cars Revenue Growth Rate (2015-2020)
Figure 67. Global Commercial Vehicles Revenue Growth Rate (2015-2020)
Figure 68. Global Automotive TIC Revenue (Million USD) and Growth Rate Forecast (2021-2025)
Figure 69. Global Automotive TIC Revenue (Million USD) Forecast by Regions (2021-2025)
Figure 70. Global Automotive TIC Revenue Market Share Forecast by Regions (2021-2025)
Figure 71. North America Automotive TIC Revenue Market Forecast (2021-2025)
Figure 72. Europe Automotive TIC Revenue Market Forecast (2021-2025)
Figure 73. Asia-Pacific Automotive TIC Revenue Market Forecast (2021-2025)
Figure 74. South America Automotive TIC Revenue Market Forecast (2021-2025)
Figure 75. Middle East and Africa Automotive TIC Revenue Market Forecast (2021-2025)
Figure 76. Sales Channel: Direct Channel vs Indirect Channel