Global Automotive Battery Testers Market 2024-2028
The automotive battery testers market is forecasted to grow by USD 78.9 mn during 2023-2028, accelerating at a CAGR of 3.73% during the forecast period. The report on the automotive battery testers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing lifespan of vehicles leading to growth in vehicle population, convenience of online purchase of automotive products such as battery testers, and improving automotive aftermarket distribution channels and supply chain networks.
Technavio's automotive battery testers market is segmented as below:
By Type
- Simple battery testers
- Integrated battery testers
By Application
By Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the development of touchscreen battery testers as one of the prime reasons driving the automotive battery testers market growth during the next few years. Also, increasing popularity of battery testers for AGM batteries and advances in automotive battery technology will lead to sizable demand in the market.
The report on the automotive battery testers market covers the following areas:
- Automotive battery testers market sizing
- Automotive battery testers market forecast
- Automotive battery testers market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive battery testers market vendors that include Autel Intelligent Technology Co., AutoMeter Products Inc., Clore Automotive LLC, Elak Pvt. Ltd., Exponential Power Inc., EZRED Co., Fortive Corp., Gamela Enterprise Co. Ltd., Innova Electronics Corp., Meco Instruments Pvt. Ltd., Midtronics Inc., Milton Industries Inc., MOTOPOWER Inc., OBDSpace Co. Ltd., PulseTech Products Corp., Robert Bosch GmbH, Schumacher Electric Corp., Shenzhen Foxwell Technology Co. Ltd., Shenzhen JiaWei HengXin Technology Co. Ltd., and SUNER POWER. Also, the automotive battery testers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.