Automotive Test Equipment Market Forecasts to 2028 – Global Analysis By Product (Chassis Dynamometer, Vehicle Emission Test System, Wheel Alignment Tester, Engine Dynamometer and Other Products), Vehicle Type (Light Commercial Vehicle, Passenger Vehicle a

Automotive Test Equipment Market Forecasts to 2028 – Global Analysis By Product (Chassis Dynamometer, Vehicle Emission Test System, Wheel Alignment Tester, Engine Dynamometer and Other Products), Vehicle Type (Light Commercial Vehicle, Passenger Vehicle and Heavy Commercial Vehicle), Application (PC Or Laptop-Based Equipment and Mobile Device-Based Equipment), End User and By Geography

According to Stratistics MRC, the Global Automotive Test Equipment Market is accounted for $2.77 billion in 2022 and is expected to reach $4.05 billion by 2028 growing at a CAGR of 6.5% during the forecast period. Automotive test equipment is used to conduct quality control tests on automobiles in order to evaluate and verify their effective performance. Automotive test equipment contributes to vehicle efficiency and consequently plays a significant part in extending the vehicle's overall life. These devices are necessary because they aid in detecting and diagnosing system flaws. It consists of all of the equipment and gadgets required to detect flaws by testing vehicle performance and operation. This includes testing engine oil consumption, the effect of lubricant aeration on handbrake tension, fuel dilution, and so on.

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Market Dynamics

Driver:

Rise in stringent emissions norms to prevent environmental impact

The National Highway Traffic Safety Administration (NHSA) of the United States Department of Transportation launched a national programme comprised of new regulations aimed at reducing Greenhouse Gas (GHG) emissions and improving fuel economy. The Environmental Protection Agency (EPA) has also established GHG emissions guidelines under the Clean Air Act to reduce greenhouse gas emissions. The European Union (EU) set tough Euro 6 standards to make cars cleaner by cutting the exhaust emission of hazardous chemicals such as nitrogen oxide (NOx), carbon monoxide (CO), and hydrocarbons. The new Euro 6 standards contain distinct specifications for petrol and diesel vehicles. These factors are propelling the global automotive test equipment market forward.

Restraint

Lack of R&D facilities for automotive test equipment


Numerous stringent emission requirements and regulations enforced globally have compelled OEMs to efficiently test their vehicles to guarantee that they meet these norms. Contemporary vehicles, such as hybrid cars with hybrid powertrains, necessitate the use of many types of test equipment, such as mobile-based equipment and others. There are only a few companies that offer hybrid car testing options. Hybrid car testing necessitates advanced research because these vehicles necessitate new sorts of test equipment. Lack of R&D facilities for automotive testing would result in less progressive and innovative products, as well as a reduction in automotive testing quality.

Opportunity

Growing demand for onboard diagnostic tools

The self-diagnostic capacity of OBD technology has boosted the demand for OBD testing in recent years. OBD gives an individual complete control over the engine. OBD tools, in addition to detecting vehicle defects, also help to limit emissions by providing early indications of impending component failure. The troubleshooting properties of OBD-II allow users or technicians to detect vehicle faults. Instead of coming to the auto shop to diagnose the problem, the user can read the state of the engine and diagnose the problem themselves using OBD equipment.

Threat

Maintaining a balance between high cost & performance of test equipment

The automotive sector is stuck between technical advancement and cost reduction. Technology such as advanced test equipment utilised for electric or hybrid car testing are more expensive than traditional test equipment. It takes time for a technology to gain popularity in order for its manufacturers to benefit from economies of scale. Entry-level passenger cars are in high demand in emerging economies, and automakers must offer their products at reasonable costs. In this scenario, providing expensive test equipment can be a hindrance.

Covid-19 Impact

The COVID-19 pandemic has had a significant influence on all industries, including the automotive industry and key manufacturers. Productivity declines, disruptions in the automotive supply chain, and factory lockdowns all had a significant influence on new car demand, supply, and registrations. Increasing vehicle utilisation necessitates the deployment of more testing equipment. However, due to COVID-19, there is no traffic and no demand for automotive test equipment. Original equipment manufacturers (OEMs) have also ceased manufacturing, reducing demand for automotive test equipment even further.

The chassis dynamometer segment is expected to be the largest during the forecast period

The chassis dynamometer segment is estimated to have a lucrative growth. This is attributed to low-cost production and an increase in the number of automobile manufacturing facilities in developing countries. It also aids in determining the overall functioning of a vehicle's drivetrain and is widely utilised for pollution testing and mileage accumulation. The Chassis Dynamometer measures vehicle performance using torque and speed characteristics. A wheel-dynamometer or chassis testing machine is another name for chassis dynamometer.

The PC or laptop-based equipment segment is expected to have the highest CAGR during the forecast period

The PC or laptop-based equipment segment is anticipated to witness the fastest CAGR growth during the forecast period. The majority of PC/laptop-based testing equipment consists of a hardware and software package that includes all of the necessary cables, hardware, and software. These PC-based systems contain tools for visualising and logging sensor data, calculating fuel economy, and estimating horsepower and torque. Furthermore, many mechanics prefer PC/laptop-based data extraction and analysis solutions for car components.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period. The region serves as a manufacturing centre for automobiles. Rising consumer spending power is fuelling demand for automobiles in the region. Furthermore, due to low production costs and the availability of inexpensive labour, several OEMs have either created production facilities or worked with domestic vehicle manufacturers. Key suppliers of automotive test equipment can be seen throughout Asia Pacific.

Region with highest CAGR

Europe is projected to have the highest CAGR over the forecast period. Several well-known vehicle manufactures have a presence in the region. Furthermore, as a result of the acceptance of safety certification, manufacturers in the region are engaged in offering great safety features that are tested in accordance with many safety requirements. Stringent pollution standards, combined with the introduction of eCall technology in all new vehicle types, are expected to stimulate regional demand during the forecast period.

Key players in the market

Some of the key players profiled in the Automotive Test Equipment Market include Sierra Instruments, DENSO CORPORATION, Honeywell Industrial Inc., Horiba, Ltd, Bosch, Continental AG, Vector Informatik, ABB, Freese Enterprises, Millbrook Proving Ground, Delphi Automotive PLC, AVL List GmbH, PTM Electronics and SGS S.A.

Key Developments

In March 2020, Actia set up its vehicle inspection center in the Philippines and Laos, with the test seat for hefty good vehicles, light vehicles, and bikes. In the Philippines, the initial 40 inspection centers were opened under the name QWIK. Then again, in Laos, Actia set up two inspection lines for light and substantial products vehicles.

In November 2019, Robert Bosch had technically upgraded the BEA 950 discharge analyzer and Bosch FSA7 40 vehicle framework examination. The FSA 740 highlights the estimation choice for the 48V framework and ergonomic streetcar. The BEA 950 gadget, which is utilized for discharge examination, is presently fitted with a 24-inch huge screen.

In September 2018, Bosch (Germany) dispatched another item DCI 700 diesel seat with another testing framework for injectors implanted in vehicles that have short testing time, ergonomic plan, and effective work process.

In May 2018, Horiba (Japan), provider of auto test gear, dispatched its new SERVICE-ONE savvy and a solid idea for outflow control framework intended for Real Driving Emission (RDE) testing of vehicles.

Products Covered:
• Chassis Dynamometer
• Vehicle Emission Test System
• Wheel Alignment Tester
• Engine Dynamometer
• Other Products

Vehicle Types Covered:
• Light Commercial Vehicle
• Passenger Vehicle
• Heavy Commercial Vehicle

Applications Covered:
• PC Or Laptop-Based Equipment
• Mobile Device-Based Equipment

End Users Covered:
• Authorized Service Center
• OEM Assembly Plant
• OEM R&D/ Technical Center

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements