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Test Benches Market By Application (Industrial Manufacturing And Engineering, Semiconductor And Electronics, Power Generation And Utilities, Automotive And Transportation, Oil And Gas) - Growth, Future Prospects, Competitive Analysis And Forecast, 2016-2023

Test benches refer to testing assemblies used for the calibration and testing of various equipment and components across different application segments. Test benches are used for testing components such as turbines, combustion engines, safety valves, hydraulic hoses, and others. Some of the popular applications of test benches include automotive and aerospace, power and utilities, oil and gas, electronics, and others. Market players typically provide customized solutions to their consumers depending upon the end-use application. Amongst these, automotive & aerospace, power & utilities, and government are the largest consumers of test benches. The global test benches market is expected to witness steady growth with steady growth in its end-use application segments, including automobile and transportation; industrial manufacturing; and oil and gas. This growth is influencing key participants across the value chain to invest in the industry.

The global test benches market was valued at US$ 926.4 Mn in 2015 and is expected to reach US$ 1,331.0 Mn by 2023, growing at a CAGR of 4.7% over the forecast period of 2016–2023.

This market research study includes an in-depth analysis of the market drivers and restraints related to the test benches industry. The research report also includes current and future market trends in the global as well as regional test bench markets. The report also includes a comprehensive analysis of technology development, pricing, and demand-supply trends related to testing benches. The report also covers high-level analysis included in the report, such as industry competitive assessment, value chain analysis, and attractiveness analysis, which helps market players and trade partners across the value chain identify key potential areas in the industry and formulate their strategies.

Moreover, the study includes market estimates and forecasts for different applications of test benches and their size in terms of both volumes (number of units sold) and revenue (US$ Mn). The test bench market is classified into its applications, and estimates and forecasts are provided for each of these segments. The report also includes cross-sectional analysis on a regional basis, i.e., the regional market size by mining methods and application. This study includes historic market size (2013 and 2014), a market estimate (2015), and a forecast for the period 2016–2023 in terms of volume and revenue. The report also includes market estimates and forecasts for test benches in major countries.

The report includes profiles of major players in the global test bench industry. Company profiles include detailed information about business strategies, product portfolios, recent developments, and the regional positioning of these manufacturers. The report also provides an in-depth analysis of the market competition and the positioning of key market players, along with their winning strategies.

The global test bench market is classified into the following categories:

By Application

  • industrial manufacturing and engineering
  • semiconductors and electronics
  • power generation and utilities
  • automotive and transportation
  • oil and gas, and other (research laboratories and institutes, packaging, etc.)

By Region

  • North America
  • U.S.
  • rest of North America
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • Middle East and Africa

Based on end-use applications, the test bench market is classified into industrial manufacturing and engineering, semiconductor and electronics, power generation and utilities, automotive and transportation, oil and gas, and other (research laboratories and institutes, packaging, etc.).

Automotive and transportation are the largest application segments for test benches. This segment accounted for a revenue share of 22.9% in the overall test bench market by application in 2015. The global market for test benches used in automotive and transportation is expected to grow steadily with the increasing production of motor vehicles, aircraft, and rail bogies. In the automobile industry, test benches are used for testing complete powertrains of conventional and hybrid construction in any configuration, as well as single components like electric and wheel hub motors, internal combustion engines, gearboxes, axles, clutches, and shafts. Rising demand and production of motor vehicles are expected to increase the demand for test benches used in this application. In addition, the increasing number of marine, railway, and air travelers is putting pressure on countries and service providers to expand these networks and facilities. This is expected to increase the production of railway bogies, aircraft, and ships, which in turn will spur the demand for test benches used in these industries.

The mineral power generation and utility sector is expected to witness the fastest growth with rising investment in renewable energy sources. The revenue share of this segment is expected to reach 20.6% by 2023, up from 19.7% in 2015.

Global Test Benches Market for Automotive and Transportation Applications, Revenue and Volume, 2013–2023, (US$ million and units)

 Frequently Asked Questions:

The market for Test Benches Market is expected to reach US$ 1,331.0 Mn in 2023.

The Test Benches Market expected to see significant CAGR growth over the coming years,at 4.7%.

The report is forecasted from 2016-2023

The base year of this report is 2015.

RVS SRL,ETH-messtechnikgmbh,LIEDTKE ANTRIEBSTECHNIK GMBH & CO. KG,MCD Elektronik GmbH,General Electric are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Oct 2016
Category:  Automation & Process Control
Report ID:   58144
Report Format:   PDF
Pages:   120
Rating:    4.1 (40)
Delivery Time: 24 Hours to 48 Hours   
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