Automotive Test Equipment Market

Automotive Test Equipment Market: Global Industry Analysis and Opportunity Assessment 2015-2025

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  • July 2020
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Automotive Test Equipment Market
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This Automotive Test Equipment market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Automotive Test Equipment market.

Automotive test equipment is primarily used for adjustment of vehicle performance and executing the quality tests on the vehicle. Automotive test equipment are used for measuring the engine wear, lubricant aeration, engine oil consumption, fuel dilution and evaporation and clogging of after-treatment systems. These test equipment are also used for testing the impact on engine oil consumption, hand brake tension and for interaction between fuel and lubricant. The examples of automotive test equipment are used as engine dynamometer, vehicle emission test system, wheel alignment tester, chassis dynamometer, fatigue testing, impact testers, tire plunger testers, fogging testers, etc.

Automotive test equipment are providing control over the stability of the vehicle and excelling the riding comfort, these advantages are fuelling the market for automotive test equipment.

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

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Automotive Test Equipment Market: Drivers and Challenges      

Expected growth in automotive industry is projected to fuel the growth in automotive test equipment market during the forecast period. As original equipment manufacturers are technologically advancing the automotive test equipment, the global automotive test equipment industry is expected to experience a growth during the forecast period. The growing demand for automotive test equipment from Asia Pacific and Middle East is fuelling the growth of the global automotive test equipment market. Stringent emission regulations regarding CO2 and NOX are boosting the demand for automotive test equipment globally.

Automotive Test Equipment Market: Overview              

Automotive Test Equipment Market: Segmentation               

The global automotive test equipment market can be segmented on the basis of type of vehicle, type of product and by regions.

Automotive Test Equipment Market: Region-wise Outlook                     

The global automotive test equipment market is expected to register a single-digit CAGR for the forecast period. Depending on geographic regions, global automotive test equipment market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. In terms of market revenue, Asia Pacific automotive test equipment market is projected to register a fastest CAGR during the forecast period. Many automotive original equipment manufacturers are shifting their manufacturing base to Asia Pacific, as the region is considered to be the low cost production destination. Due to the increased presence of manufacturing plants in Asia Pacific, the demand for automotive test equipment is growing in the region. North America & Western Europe are the matured markets for automotive test equipment and they are projected to register a single-digit CAGR of 4-5% during the forecast period.

Asia Pacific is forecast to register a fastest CAGR during the forecast period, due to the high demand for automotive test equipment from countries such as India and China. Expected growth in the automotive production is also going to fuel the demand for automotive test equipment in Asia Pacific.

Automotive Test Equipment Market: Key Players         

Some of the key market participants in global automotive test equipment market are Robert Bosch gmbh, Siemens AG, Honeywell Industrial Inc., ABB Ltd, Delphi Automotive PLC, Actia S.A., etc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, product type and vehicle type.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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  • Gain Insights on Key Automotive Test Equipment Market Impacting Forces
  • Know the Winning Strategies of Market Leaders
  • Get Deep-Dive Analysis on Each Segment
  • Identify the Sources that will Drive Top-Line Revenue

Automotive test equipment market is facing a challenge of market maturity in the developed economies such as U.S.A., Canada, etc.

Automotive Test Equipment Market: Overview              

The global automotive test equipment market is expected to expand at a CAGR of around 4-7% during the forecast period (2016-2025), due to stringent government emission regulations (CO2 and NOX) and technological advancements.

Automotive Test Equipment Market: Segmentation               

Based on type of vehicle, the global automotive test equipment market is segmented as:

  • Passenger Vehicles
  • Commercial Vehicles

Based on type of product, the global automotive test equipment market is segmented as:

  • Vehicle emission test system
  • Wheel alignment tester
  • Chassis dynamometer
  • Engine dynamometer

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.
Frequently Asked Questions

What research methodology is used to develop the Automotive Test Equipment Market report?
  • FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
  • These approaches include accumulating data from both primary and secondary sources
  • Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Automotive Test Equipment Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
  • Analysis of several middle market stakeholders for country-wise data

In addition to up-to-date market figures and customized of the Automotive Test Equipment Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.

  • Most of the competitors are segregated according to their market share in 'Tier' wise statures.
  • Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.
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