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Automotive Test Equipment Market By Product Type (Engine Dynamometer, Chassis Dynamometer, Vehicle Emission Test System And Wheel Alignment Tester), By Technology (Handheld Scan Tool, Mobile Device-based Scan Tool and PC/Laptop Based Tools) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

The automotive test equipment market is predicted to witness significant growth through 2016–2023, with increasing motor vehicle production worldwide. In addition, the introduction of mandatory regulations to reduce fuel emissions, improve vehicle safety, and improve repair and maintenance policies in major countries across the world All these factors are expected to drive the market for automotive test equipment in the next five years. This study on "Automotive Test Equipment Market: Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016–2022" helps trade partners across the value chain of the automotive test equipment industry identify key investment opportunities in the market.

The research study on the automotive test equipment market includes an in-depth analysis of the market driving and restraining factors related to the global automotive test equipment industry. The report also provides current and future industry trends in the global and regional automotive test equipment markets. The report includes precise information on pricing, demand-supply, and technology development. High-level analysis such as consumer behavior analysis, PESTEL, value chain analysis, and market attractiveness analysis included in the report helps industry players identify key investment areas in this industry.

The market study on automotive test equipment also provides market estimates and forecasts of the sizes of different types of automotive test equipment markets in global, regional, and country-level markets in terms of both revenue (US$ Bn) and volume (number of units sold). The automotive test equipment market is segmented based on product type, technology, and Region. The report also includes cross-sectional analysis at the regional and country levels, i.e., the regional market size by vehicle type. This study includes historic market size (2013 and 2014), a market estimate (2015), and a forecast for 2016–2022 in terms of volume and revenue.

The report profiles key players in the global automotive test equipment industry. Company profiles include extensive information about the financial overview, business strategies, product portfolio, major competitors, recent developments, and regional positioning of these manufacturers. The report also provides a comprehensive analysis of global market competition, regional market players and suppliers, and the positioning of key market players in the global market, along with their market-winning strategies.

We have classified automotive testing equipment into the following product types:

  • Engine Dynamometer
  • Chassis Dynamometer
  • Vehicle Emission Test System
  • Wheel Alignment Tester

A chassis dynamometer is commonly used for millage accumulation and emission testing. This segment accounted for the largest revenue share in 2015 and is expected to witness considerable growth through the forecast period of 2016–2023. This growth is primarily attributed to its increasing installations at original equipment manufacturers' (OEM) plants. The vehicle emission test system equipment category is expected to witness the fastest growth with the initiatives taken by several countries to reduce vehicle emissions and greenhouse gases (GHG).

The U.S., Japan, China, and Europe are major markets for vehicle emission test equipment. Engine dynamometer testing equipment is used to measure torque and power from the coupled engine. An engine dynamometer is used in vehicle testing factories and automotive service centers to evaluate vehicle and engine performance. Wheel alignment testers are also expected to witness considerable growth with increasing vehicle production and the introduction of wireless wheel alignment testing solutions.

We have considered the following types of automotive test equipment to estimate the overall market size:

  • Handheld Scan Tool
  • Mobile Device-Based Scan Tool
  • PC/laptop-based scan tool

Most of the automotive test equipment is handheld. It includes emission analyzers, gas analyzers, battery testers, fuel pressure testers, air pressure and vacuum testers, thermometers, airbag scan tools, simulators, and others. The handheld scan tool segment accounted for the largest revenue share in 2015 and is expected to maintain its dominating position throughout the 2016–2023.

Mobile device-based scan tools are expected to witness the fastest growth with the continuous evolution of user-friendly applications-based car diagnostic and analyzing solutions. Vehicle manufacturers are introducing advanced vehicles with electronic components and car diagnostic computers. This is influencing the demand for mobile device-based scanning tools. PC- and laptop-based solutions are gaining popularity in wheel alignment testing applications.

The global automotive testing equipment market is classified into four major regions, i.e., North America, Europe, Asia Pacific, and the Rest of the World (RoW). The Rest of the World region is further classified into South America, Africa, and the Middle East.North America is expected to witness significant demand for automotive testing equipment with the increasing sale of motor vehicles, stringent emission regulations, an increasing vehicle fleet, and the introduction of mandatory vehicle repair and maintenance laws. Asia Pacific is the largest regional market for automotive test equipment solutions.

It is also expected to be the fastest-growing regional market for automotive test equipment throughout the forecast period of 2016–2023 due to rising vehicle production and an increasing number of independent service centers and workshops, particularly in China, India, and Southeast Asia.

The global automotive test equipment market is classified into the following categories:

By Product Type

  • Engine Dynamometer
  • Chassis Dynamometer
  • Vehicle Emission Test System
  • Wheel Alignment Tester

By Technology

  • Handheld Scan Tool
  • Mobile Device-Based Scan Tool
  • PC/laptop-based scan tool

By Region

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  •  France
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • Rest of Asia Pacific

Rest of the World

Latin America

Middle East and Africa

Frequently Asked Question:

The market for Automotive Test Equipment Market is expected to reach USD$ XX Mn in 2023.

The Automotive Test Equipment Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2016 -2023.

The base year of this report is 2015.

Siemens AG, Robert Bosch GmbH., Honeywell Industrial Inc, Delphi Automotive PLC, ABB Ltd .are some of the major players in the global market.

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Godaddy
Published Date:  Jul 2016
Category:  Automotive & Transportation
Report ID:   58004
Report Format:   PDF
Pages:   120
Rating:    4.5 (60)
Delivery Time: 24 Hours to 48 Hours   
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