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Automotive Test Equipment Market Overview
“The global Automotive Test Equipment market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report also offers insightful and detailed information regarding the various key players operating in the global automotive test equipment market, and their financials, apart from strategies, acquisitions & mergers, and market footprint.
The global automotive test equipment market is segmented on the basis of product type, vehicle type, application, and region.
Automotive test equipment is used to carry out quality and performance tests such as measuring lubricant aeration, engine wear, engine oil consumption, fuel dilution, and evaporation and clogging of after-treatment systems.
Automotive test equipment includes wheel alignment tester, chassis dynamometer, engine dynamometer, vehicle emission test system, fatigue testing, impact testers, tire plunger testers, fogging testers, etc. Automotive test equipment helps in providing control over the stability of the vehicle and executing the quality tests on the vehicle.
The growing automotive sector is a major factor driving the growth of the global automotive test equipment market. In addition, the increasing number of service stations and workshops is another factor driving the growth of the global automotive test equipment market.
Technological advancements in automotive test equipment by original equipment manufacturers (OEM) is further propelling the growth of the global automotive test equipment market. Furthermore, stringent government regulation regarding CO and NO2 emission is further boosting demand for vehicle emission test systems.
The overall cost of test equipment is high as it requires sophisticated instruments and equipment. In addition, automotive test equipment needs to be updated owing to changes or updates in regulations. Furthermore, the lack of R&D facilities for automotive testing lowers the quality of test equipment.
These all factors are expected to hamper the overall growth of the global automotive test equipment market over the forecast period.
The current trend in the market is increasing demand for onboard diagnostic testing owing to its self-diagnostic capability. In addition, mobile-based scan tools are gaining popularity in developed regions and are expected to witness the fastest growth during the forecast period.
The Asia Pacific is expected to have the highest growth and will dominate the global market in terms of value during the forecast period. The market in North America is expected to witness significant growth owing to the presence of major vendors and OEM manufacturers in this region.
The market in Europe is expected to witness considerable growth during the forecast period owing to stringent government regulations on pollutant emissions by automobiles.
Global Automotive Test Equipment Market Segmentation:
Segmentation on the basis of product type:
- Chassis dynamometer
- Engine dynamometer
- Vehicle emission test system
- Wheel alignment tester
Segmentation on the basis of vehicle type:
- Light commercial vehicle
- Heavy commercial vehicle
Segmentation on the basis of application:
- Mobile Device-Based Scan Tool
- Handheld Scan Tool
- PC/Laptop-Based Scan Tool
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Robert Bosch GmbH
- Honeywell Industrial Inc.
- Siemens AG
- ABB Ltd
- Delphi Automotive PLC
- Actia S.A.
- Softing AG
- SGS S.A
- Horiba Ltd.
- AVL List GmbH
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