Global automotive test equipment market revenue growth expected to be driven significantly by contribution from Asia Pacific market

Veröffentlicht von: MarketResearch.Biz
Veröffentlicht am: 19.01.2018 14:24
Rubrik: Industrie & Handwerk


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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 stability of the vehicle and executing the quality tests on the vehicle.

Growing automotive sector is a major factor driving growth of the global automotive test equipment market (https://marketresearch.biz/report/automotive-test-equipment-market/). In addition, increasing number of service stations and workshops is another factor driving growth of the global automotive test equipment market. Technological advancements in automotive test equipment by original equipment manufacturers (OEM) is further propelling 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 system.

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, lack of R&D facilities for automotive testing lowers the quality of test equipment. These all factors are expected to hamper overall growth of the global automotive test equipment market over the forecast period.
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 is expected to witness fastest growth during the forecast period.

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The global automotive test equipment market is segmented on the basis of product type, vehicle type, application, and region. On the basis of region, the global automotive test equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Asia Pacific is expected to have highest growth and will dominate the global market in terms of value during the forecast period. Asia Pacific is expected to register a CAGR of XX% owing to rising demand for automotive test equipment from countries like China and India. The market in North America is expected to witness significant growth owing to 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 emission by automotive.

Top players in the global automotive test equipment market are Robert Bosch GmbH, Honeywell Industrial Inc., Siemens AG, ABB Ltd, Delphi Automotive PLC, Actia S.A., Softing AG, SGS S.A, Horiba Ltd., and AVL List GmbH.

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