Latin America Automotive Emission Test Equipment Market 2023-2030
MARKET OUTLOOK
Triton Market Research’s report denotes that the automotive emission test equipment market in Latin America will advance with a compound annual growth rate of 3.68% in value during the forecast period 2023-2030. Brazil, Mexico, and Rest of Latin America are studied in the region’s market.
Brazil’s new emission regulations for light-duty vehicles are expected to get stringent by 2025. The L-8 standards have shifted the country to a corporate averaging approach, requiring manufacturers to meet average emission limits. Moreover, these standards include new and enhanced measures that bridge critical gaps. As per estimates, passenger cars generate a significant level of pollution, which is expected to increase the deployment of emission test equipment, driving the overall market’s progression.
Columbia presently applied Euro IV emission standards to diesel, LPG, and LNG-powered vehicles. In 2023, newly manufactured heavy-duty vehicles must comply with these standards. Gasoline-powered heavy-duty vehicles are regulated under the US EPA emission standards. On the other hand, diesel-powered light-duty vehicles must comply with Euro 6 or equivalent limits. Given the rise in vehicle emission regulations, the adoption of automotive emission test equipment is expected to increase in the near future.
COMPETITIVE OUTLOOK
The key players in the automotive emission test equipment market are TEXA SpA, Beryl Technologies LLC, ABB Ltd, TÜV SÜD, and Wager Company.
- 1. Latin America Automotive Emission Test Equipment Market - Summary
- 2. Market Outlook
- 2.1. Impact Analysis On The Automotive Emission Test Equipment Market
- 2.1.1. Covid-19 Impact
- 2.1.2. Ukraine-russia War Impact
- 2.2. Porter’s Five Forces Analysis
- 2.2.1. Threat Of New Entrants
- 2.2.2. Threat Of Substitute S
- 2.2.3. Bargaining Power Of Buyers
- 2.2.4. Bargaining Power Of Suppliers
- 2.2.5. Threat Of Competitive Rivalry
- 2.3. Market Maturity Analysis
- 2.4. Regulatory Framework
- 2.5. Key Market Strategies
- 2.5.1. Collaborations
- 2.5.2. Product Launches
- 2.5.3. Mergers & Acquisitions
- 2.5.4. Business Divestitures & Expansions
- 2.6. Market Drivers
- 2.6.1. Strict Government Legislations To Decrease Vehicular Emissions
- 2.6.2. Directive For Usage Of Opacity Meters And Periodic Technical Inspection (Pti) Programs
- 2.7. Market Challenges
- 2.7.1. Lack Of Compliance With Emission Norms
- 2.7.2. Reduced Demand Due To Electric Vehicle Adoption
- 2.8. Market Opportunities
- 2.8.1. Implementation Of Advanced Technologies In Automotive
- 2.8.2. Rising Remote Emission Testing
- 2.9. Analyst Perspective
- 3. Latin America Automotive Emission Test Equipment Market – By Solution
- 3.1. Emission Test Equipment/Component/Hardware
- 3.2. Emission Test Software
- 3.3. Emission Test Service
- 4. Latin America Automotive Emission Test Equipment Market – By Application
- 4.1. Periodic Testing Inspections
- 4.2. Inspection & Maintenance
- 4.3. Centralized Inspection
- 4.4. Other Applications
- 5. Latin America Automotive Emission Test Equipment Market – By Vehicle Type
- 5.1. Passenger Cars
- 5.2. Heavy Duty Trucks & Buses
- 5.3. Light-duty Trucks
- 5.4. Other Vehicles
- 6. Latin America Automotive Emission Test Equipment Market – By Country Outlook
- 6.1. Country Analysis
- 6.1.1. Brazil
- 6.1.1.1. Brazil Automotive Emission Test Equipment Market Forecast & Prospects
- 6.1.2. Mexico
- 6.1.2.1. Mexico Automotive Emission Test Equipment Market Forecast & Prospects
- 6.1.3. Rest Of Latin America
- 6.1.3.1. Rest Of Latin America Automotive Emission Test Equipment Market Forecast & Prospects
- 7. Competitive Landscape
- 7.1. Robert Bosch Gmbh
- 7.1.1. Overview
- 7.1.2. Product Portfolio
- 7.2. Sgs Sa
- 7.2.1. Overview
- 7.2.2. Product Portfolio
- 7.3. Horiba Ltd
- 7.3.1. Overview
- 7.3.2. Product Portfolio
- 7.4. Capelec
- 7.4.1. Overview
- 7.4.2. Product Portfolio
- 7.5. Avl List Gmbh
- 7.5.1. Overview
- 7.5.2. Product Portfolio
- 7.6. Applus+
- 7.6.1. Overview
- 7.6.2. Product Portfolio
- 7.7. Continental Ag
- 7.7.1. Overview
- 7.7.2. Product Portfolio
- 7.8. Ecom America Ltd
- 7.8.1. Overview
- 7.8.2. Product Portfolio
- 7.9. Opus Group Ab
- 7.9.1. Overview
- 7.9.2. Product Portfolio
- 7.10. Sierra Instruments Inc
- 7.10.1. Overview
- 7.10.2. Product Portfolio
- 7.11. Tüv Nord Group
- 7.11.1. Overview
- 7.11.2. Product Portfolio
- 7.12. Texa Spa
- 7.12.1. Overview
- 7.12.2. Product Portfolio
- 7.13. Beryl Technologies Llc
- 7.13.1. Overview
- 7.13.2. Product Portfolio
- 7.14. Abb Ltd
- 7.14.1. Overview
- 7.14.2. Product Portfolio
- 7.15. Tüv Süd
- 7.15.1. Overview
- 7.15.2. Product Portfolio
- 7.16. Wager Company
- 7.16.1. Overview
- 7.16.2. Product Portfolio
- 7.17. Cps Products Inc
- 7.17.1. Overview
- 7.17.2. Product Portfolio
- 7.18. Gemco Equipment Ltd
- 7.18.1. Overview
- 7.18.2. Product Portfolio
- 7.19. Hella Gutmann Solutions Gmbh
- 7.19.1. Overview
- 7.19.2. Product Portfolio
- 8. Research Methodology & Scope
- 8.1. Research Scope & Deliverables
- 8.2. Sources Of Data
- 8.3. Research Methodology
- Table List
- Table 1: Latin America Automotive Emission Test Equipment Market, By Country Outlook, 2023-2030 (In $ Million)
- Table 2: Regulatory Framework
- Table 3: List Of Collaborations
- Table 4: List Of Product Launches
- Table 5: List Of Mergers & Acquisitions
- Table 6: List Of Business Divestitures & Expansions
- Table 7: Latin America Automotive Emission Test Equipment Market, By Solution, 2023-2030 (In $ Million)
- Table 8: Latin America Automotive Emission Test Equipment Market, By Application, 2023-2030 (In $ Million)
- Table 9: Latin America Automotive Emission Test Equipment Market, By Vehicle Type, 2023-2030 (In $ Million)
- Table 10: Latin America Automotive Emission Test Equipment Market, By Country Outlook, 2023-2030 (In $ Million)
- Figure List
- Figure 1: Market Maturity Analysis
- Figure 2: Latin America Automotive Emission Test Equipment Market, By Solution, 2022 & 2030 (In %)
- Figure 3: Latin America Automotive Emission Test Equipment Market, By Emission Test Equipment/Component/Hardware, 2023-2030 (In $ Million)
- Figure 4: Latin America Automotive Emission Test Equipment Market, By Emission Test Software, 2023-2030 (In $ Million)
- Figure 5: Latin America Automotive Emission Test Equipment Market, By Emission Test Service, 2023-2030 (In $ Million)
- Figure 6: Latin America Automotive Emission Test Equipment Market, By Application, 2022 & 2030 (In %)
- Figure 7: Latin America Automotive Emission Test Equipment Market, By Periodic Testing Inspections, 2023-2030 (In $ Million)
- Figure 8: Latin America Automotive Emission Test Equipment Market, By Inspection & Maintenance, 2023-2030 (In $ Million)
- Figure 9: Latin America Automotive Emission Test Equipment Market, By Centralized Inspection, 2023-2030 (In $ Million)
- Figure 10: Latin America Automotive Emission Test Equipment Market, By Other Application, 2023-2030 (In $ Million)
- Figure 11: Latin America Automotive Emission Test Equipment Market, By Vehicle Type, 2022 & 2030 (In %)
- Figure 12: Latin America Automotive Emission Test Equipment Market, By Passenger Cars, 2023-2030 (In $ Million)
- Figure 13: Latin America Automotive Emission Test Equipment Market, By Heavy Duty Trucks & Buses, 2023-2030 (In $ Million)
- Figure 14: Latin America Automotive Emission Test Equipment Market, By Light-duty Trucks, 2023-2030 (In $ Million)
- Figure 15: Latin America Automotive Emission Test Equipment Market, By Other Vehicles, 2023-2030 (In $ Million)
- Figure 16: Latin America Automotive Emission Test Equipment Market, By Country Outlook, 2022 & 2030 (In %)
- Figure 17: Brazil Automotive Emission Test Equipment Market 2023-2030 (In $ Million)
- Figure 18: Mexico Automotive Emission Test Equipment Market 2023-2030 (In $ Million)
- Figure 19: Rest Of Latin America Automotive Emission Test Equipment Market 2023-2030 (In $ Million)
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