Global Automotive Test Equipment Market, By Type (Wheel Alignment, Engine Dyno, Chassis Dyno, Vehicl

Published Date: | Report Code : AT1916284

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Increasing demand from the automobile industry for various applications is expected to drive the market growth of the automotive test equipment market during the forecast period.  

Automotive test equipment is used to check the quality and performance of a vehicle. Moreover, they are used to check various other factors of a vehicle such as fuel consumption, fuel dilatation, etc., along with performance figures of a vehicle after tuning. There are different types of equipment such as wheel alignment, engine dyno, chassis dyno, etc. Testing ensures the safety and stability of vehicles.

There is an increasing demand for around the world, which is fueling the growth of the automotive market. This factor, in turn, is driving the automotive test equipment market. Moreover, increasing demand from consumers for fuel-efficient and comfortable vehicles is also leading to market growth. The Asia Pacific is expected to lead the automotive test equipment market due to the increasing demand for vehicles in countries such as India and the development of automotive test equipment. Furthermore, the rise in the number of vehicle tuning shops has also contributed to the growth of the automotive test equipment market.

Key Factors Impacting Market Growth:

  • Increasing demand from the automobile industry
  • Growing demand from consumers for fuel-efficient vehicles

Regional Analysis: 

By region, North America, Western Europe, and Asia Pacific are estimated to dominate the automotive test equipment market in terms of market demand. North America and Western Europe have been traditional markets for the automotive sector with many global manufacturers headquartered in this region. The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of the automotive test equipment market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for the automotive test equipment market in the region. 

Asia Pacific is estimated to be the fastest-growing region for the automotive test equipment market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for the automotive test equipment market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.

Companies Covered: 

Robert Bosch GmbH, Honeywell International Inc, ABB Ltd., Delphi Automotive PLC, Actia S.A., Advantest Corp, Horiba Ltd., and Teradyne Inc…

Market Segmentation:

By Type:

  • Wheel Alignment
  • Engine Dyno
  • Chassis Dyno
  • Vehicle Emission Test System

By Vehicle Type:

  • Passenger Vehicles
  • Commercial vehicles

By Application:

  • Handheld Scan Tool
  • Computer-Based Scan Tools
  • Mobile Device Based Tools

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Vehicle Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Vehicle Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Vehicle Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Vehicle Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Vehicle Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Vehicle Type
    • By Application

Reasons To Buy This Report:

  • Market size estimation of the automotive test equipment market on a regional and global basis
  • Unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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