Global Automotive Test Equipment Market Growth 2023-2029

Global Automotive Test Equipment Market Growth 2023-2029

Automotive Testing Equipment is very important in the development and production of vehicles. To make sure cars live up to the consumers' standards, automotive manufacturers test their cars in certain environment. The idea behind car testing is that it allows manufacturers to work out all the kinks and potential problems of a model before it goes into full production.

In this report, Automotive Testing Equipment mainly refers to four kinds, chassis dynamometer, engine dynamometer, vehicle emission test system and wheel alignment tester.
LPI (LP Information)' newest research report, the “Automotive Test Equipment Industry Forecast” looks at past sales and reviews total world Automotive Test Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Test Equipment sales for 2023 through 2029. With Automotive Test Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Test Equipment industry.
This Insight Report provides a comprehensive analysis of the global Automotive Test Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Test Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Test Equipment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Test Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Test Equipment.
The global Automotive Test Equipment market size is projected to grow from US$ 2098.3 million in 2022 to US$ 3031.1 million in 2029; it is expected to grow at a CAGR of 3031.1 from 2023 to 2029.
Global Automotive Test Equipment key players include HORIBA, Bosch, AVL, etc. Global top three manufacturers hold a share about 40%.
Asia-Pacific is the largest market, with a share about 35%, followed by Europe and North America, have a share over 60 percent.
In terms of product, Chassis Dynamometer is the largest segment, with a share about 50%. And in terms of application, the largest application is Automotive Manufacturers, followed by Automotive Component Manufacturers, ect.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Test Equipment market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Chassis Dynamometer
Engine Dynamometer
Vehicle Emission Test System
Wheel Alignment Tester
Segmentation by application
Automotive Manufacturers
Automotive Component Manufacturers
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
HORIBA
Bosch
AVL
MTS
MAHA
Meidensha
ABB
ACTIA
Power Test
Mustang Dynamometer
Key Questions Addressed in this Report
What is the 10-year outlook for the global Automotive Test Equipment market?
What factors are driving Automotive Test Equipment market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automotive Test Equipment market opportunities vary by end market size?
How does Automotive Test Equipment break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.