Asia-pacific Automotive Emission Test Equipment Market 2023-2030

Asia-pacific Automotive Emission Test Equipment Market 2023-2030

MARKET OUTLOOK

Triton’s research report on the Asia-Pacific automotive emission test equipment market states that the market is estimated to propel with a CAGR of 5.43% during the forecast period 2023-2030. South Korea, China, Japan, India, Australia & New Zealand, ASEAN countries, and Rest of Asia-Pacific are taken in the region.

India is among the most polluted countries in the world, necessitating the implementation of stringent regulations. As per new regulations, the average CO2 emission limit for automakers is fixed at 113gm per km. However, each company has individual limits based on their sales and fuel type. In his regard, emission testing is mandatory as per the state inspection process called PUC. Additionally, authorities hold the right to conduct random checks to ensure compliance. The growing pollution levels and stringent rules support the expansion of the automotive emission test equipment market.

Further, the automotive sector has expanded significantly in South Korea, with the presence of leading automakers such as Hyundai, Kia, and General Motors. Given the rise in automotive production, the government has implemented strict regulations to reduce and control vehicular emissions. As a result, the demand for emission testing services has soared in recent years across the country. The establishment of independent testing centers is another factor adding to the automotive emission test equipment market’s growth.

COMPETITIVE OUTLOOK

The key companies in the automotive emission test equipment market consist of Wager Company, CPS Products Inc, Gemco Equipment Ltd, Hella Gutmann Solutions GmbH, and Premier Diagnostics.