Automotive Test Equipment Market
Automotive Test Equipment Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0741
Segments Covered
By
Product Type Chassis Dynamometer, Engine Dynamometer, Wheel Alignment Tester, Vehicle Emission Test System
-
By
Application Handheld Scan Tool, Mobile Device-Based Scan Tool, PC/Laptop-Based Scan Tool
-
By
Vehicle Type Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
2.82 Billion |
 Revenue 2028:
|
9.35 Billion |
 Revenue CAGR
(2021 - 2028): |
4.52% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the
market based on various segments such as Product Type, Application, Vehicle Type
and Region. All the segments are studied considering historical and future
trends across geographies. All the segments are analyzed based on trends,
market size, and forecast, and the data is provided for the years 2016–2028.
Several growth factors and opportunities impacting various segments have been
incorporated in the report. On the basis of Product Type,
the market is divided into Chassis Dynamometer, Engine Dynamometer, Wheel Alignment Tester, Vehicle Emission Test System. Chassis Dynamometer held the largest
share in 2020 and is projected to grow at a noteworthy CAGR within the forecast
period.
Based on Application,
the market is divided into Handheld Scan Tool, Mobile Device-Based Scan Tool, PC/Laptop-Based Scan Tool. Handheld Scan Tool attributed to
the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Automotive Test Equipment Market: Product Type Segment Analysis
-
- Chassis Dynamometer
- Engine Dynamometer
- Wheel Alignment Tester
- Vehicle Emission Test System
Global Automotive Test Equipment Market: Application Segment Analysis
-
- Handheld Scan Tool
- Mobile Device-Based Scan Tool
- PC/Laptop-Based Scan Tool
Global Automotive Test Equipment Market: Vehicle Type Segment Analysis
-
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
FAQ
Frequently Asked Question
What is the global demand for Automotive Test Equipment in terms of revenue?
-
The global Automotive Test Equipment valued at 2.82 Billion in 2020 and is expected to reach 9.35 Billion in 2028 growing at a CAGR of 4.52%%.
Which are the prominent players in the market?
-
The prominent players in the market are Intertek, Tecnicas Reunidas de Automocion, Presto Testing Instruments, SPACE S.R.L, Robert Bosch, Freese Enterprises, Moog, Horiba, Sierra Instruments, Honeywell International, AB Dynamics, ABB, SENSORS INDIA, Delphi Automotive, Tesscorn, ACTIA Group, Advantest, Sushma Industries, ATS ELGI, SAJ, EM Test..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.52%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Automotive Test Equipment include
- The increasing concerns for environmental sustainability are anticipated to prompt the automotive manufacturers to integrate several changes in the manufacturing of the automobiles. The automotive players are now incorporating test equipment and implementing it to detect the emission levels in accordance with the law. There are emission standards implemented by regulatory that every vehicle must follow. The vehicle emission test system tests whether the vehicle follows the required standards of the industry. Furthermore, these test equipment can also be utilized in detecting the emission level of passenger cars and improve its fuel efficiency are factors driving the market.
- The rising vehicle sale and manufacturing across the globe is anticipated to augment the growth of the automotive test equipment market during the forecast period. This is owing to the rapid urbanization, industrialization, rising disposable income of the consumers, and advancement of technologies. Furthermore, the adoption of personal vehicles has also increased the global sales and production of automobiles which is driving the growth of the automotive test equipment market.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Automotive Test Equipment in 2020.
