Asia-pacific Automotive Emission Test Equipment Market Forecast 2023-2032

Asia-pacific Automotive Emission Test Equipment Market Forecast 2023-2032

KEY FINDINGS

The Asia-Pacific automotive emission test equipment market is anticipated to increase with a 5.48% CAGR during the estimated period of 2023-2032. The presence of strong automobile manufacturing bases and a rising number of premature deaths owing to worsening air pollution propel market growth in the region.

MARKET INSIGHTS

The Asia-Pacific automotive emission test equipment market growth evaluation includes an analysis of South Korea, Australia & New Zealand, India, Indonesia, Thailand, China, Japan, Vietnam, and Rest of Asia-Pacific. India’s major cities have consistently ranked among the most polluted in the world, leading to serious public health hazards caused by air pollution. To counter the problem, the government of India has introduced several regulations.

For instance, as part of the state inspection process, all vehicles in India are required to undergo an annual ‘Pollution Under Control’ (PUC) test to measure the level of pollutants emitted by the vehicle’s exhaust system in India. Despite these regulations, lack of enforcement and high costs associated with research and development of emission test equipment is expected to hinder the market.

South Korea’s automotive aftermarket, encompassing replacement parts, accessories, and services, is poised for substantial growth in the next few years. Factors such as a surge in vehicle population, an increase in average vehicle lifespan, and the growing adoption of e-commerce channels for aftermarket purchases are expected to drive the expansion of the South Korea automotive emission test equipment market.

COMPETITIVE INSIGHTS

Leading market players in the region include TÜV SÜD, SGS SA, Horiba Ltd, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments