Automotive Test Equipment Market 2019 Global Industry Analysis To 2025 Research Report published by “Market Research Future”, Global Market for Automotive Test Equipment is to grow at 4% compound annual growth rate and reach remarkable value by 2025. Report provides comprehensive information on Global Automotive Test Equipment Market size, share, growth, with regional forecast to 2025. Report analyzes Automotive Test Equipment Industry Upcoming Opportunities, Trends, challenges, Key Country Analysis, with business development strategies, And key players insights.
Some renowned players of the global automotive test equipment market are Honeywell International Inc. (US), Robert Bosch GmbH (Germany), Delphi Automotive PLC (UK), Teradyne Inc. (US), ABB Ltd (Switzerland), Advantest Corp (Japan), Actia S.A. (France), Softing AG (Germany), Horiba Ltd. (Japan), and Siemens (Germany).
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Automotive Test Equipment Market Insights:
Global Automotive Test Equipment Market Information by Product Type (Wheel Alignment Tester, Engine Dynamometer, Chassis Dynamometer, and Vehicle Emission Test System), Vehicle Type (Passenger Cars, Light Commercial Vehicle, and Heavy Commercial Vehicle,), Application (Mobile Device-Based Scan Tool, Handheld Scan Tool, PC/Laptop-Based Scan Tool, and Others), and Region (North America, Europe, Asia-Pacific, and the Rest of the World)– Forecast till 2025.
Market Research Future (MRFR), in its newest “Automotive Test Equipment Market” reveals, that the global market of automotive test equipment is expected to expand at a CAGR of 4% during the forecast period of 2018 to 2025. The growing stringency of vehicle diagnostic test is expected to contribute significantly to the growth of the global market of automotive test equipment market. The surge in the need for electric vehicles, across the globe, due to rising environmental concern is escalating the need for sturdy and safe electric vehicles. This is creating the need for robust auto machine testing. Hence, the sales of automotive electrical testing equipment are also increasing. These factors are expected to cast a positive impact on the growth of the global market of automotive test equipment. Additional causes that are expected to induce growth are rise in the need for electrification of vehicles and growing stringency of emissions norms in environment prevention rules.
Automotive test equipment manufacturers are growing in number due to the growing need for automotive assessment to check quality and performance of vehicles to guarantee safety to passenger and driver. The need for measuring oil consumption of engine, lubricant aeration, fuel dilution, and other parameter that decide efficacy of vehicles are escalating the sales of automotive test equipment, such as car probe tester. Auto machine testing assessments ensure that vehicles deliver high-grade performance and meet automotive safety needs. Hence, the increase in the adoption of vehicle diagnostic tests is expected to fuel the growth of the global automotive test equipment market.
On the contrary, the lack of standard protocols for developing vehicle test equipment, high expense of advanced electric testing tools, and lack of proficient worker are some constraints that are expected to impede the expansion of the market. However, the growing economies of developing countries and rise in the demand for high-performance vehicles are boosting the need on-board vehicle diagnostic solutions. This is expected to create high growth opportunities for the global automotive test equipment market.
Automotive Test Equipment Market Segments Insights:
The global automotive test equipment market is segmented by vehicle type, product type, and application.
By product type, the market is segmented into chassis dynamometer, engine dynamometer, wheel alignment tester, and vehicle emission test system. By vehicle type, the market is segmented into light commercial vehicle, passenger car, and heavy commercial vehicle. By application, the market is segmented into pc/laptop-based scan tool, handheld scan tool, mobile device-based scan tool, and others.
Automotive Test Equipment Market Regional Insights:
By region, global automotive test equipment market is studied for Asia Pacific, Europe, North America, and the Rest of the World. The market of automotive test equipment is expected to hold immense growth opportunities for the market to surge. The market in Asia Pacific is likely secure the highest position in the global market. The growing use of electric vehicles and increase in the need for automotive electric testing equipment are expected to propel the growth of the automotive test equipment market in APAC. Additional factors, such as rapid integration of modern features in vehicles and the rise in demand for vehicles across countries, such as India and China can improve the regional market health. In addition, development of effective aftermarket services and increase in number of original equipment manufacturers can impel the market in APAC. The market in Europe is expected to secure the second position by the end of the forecast period.
Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. Assumptions
2.2.4. Limitations
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Application
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
4. Market Dynamics
4.1. Introduction
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Trends
5. Global Automotive Test Equipment Market, By Product Type
5.1. Introduction
5.2. Wheel Alignment Tester
5.2.1. Market Estimates & Forecast, 2018–2025
5.2.2. Market Estimates & Forecast, By Region, 2018–2025
5.3. Engine Dynamometer
5.3.1. Market Estimates & Forecast, 2018–2025
5.3.2. Market Estimates & Forecast, By Region, 2018–2025
5.4. Chassis Dynamometer
5.4.1. Market Estimates & Forecast, 2018–2025
5.4.2. Market Estimates & Forecast, By Region, 2018–2025
5.5. Vehicle Emission Test System
5.5.1. Market Estimates & Forecast, 2018–2025
5.5.2. Market Estimates & Forecast, By Region, 2018–2025
6. Global Automotive Test Equipment Market, By Vehicle Type
6.1. Introduction
6.2. Passenger Car
6.2.1. Market Estimates & Forecast, 2018–2025
6.2.2. Market Estimates & Forecast, By Region, 2018–2025
6.3. Light Commercial Vehicle
6.3.1. Market Estimates & Forecast, 2018–2025
6.3.2. Market Estimates & Forecast, By Region, 2018–2025
6.4. Heavy Commercial Vehicle
6.4.1. Market Estimates & Forecast, 2018–2025
6.4.2. Market Estimates & Forecast, By Region, 2018–2025
7. Global Automotive Test Equipment Market, By Application
7.1. Introduction
7.2. Mobile Device-Based Scan Tool
7.2.1. Market Estimates & Forecast, 2018–2025
7.2.2. Market Estimates & Forecast, By Region, 2018–2025
7.3. Handheld Scan Tool
7.3.1. Market Estimates & Forecast, 2018–2025
7.3.2. Market Estimates & Forecast, By Region, 2018–2025
7.4. PC/ Laptop-Based Scan Tool
7.4.1. Market Estimates & Forecast, 2018–2025
7.4.2. Market Estimates & Forecast, By Region, 2018–2025
7.5. Others
7.5.1. Market Estimates & Forecast, 2018–2025
7.5.2. Market Estimates & Forecast, By Region, 2018–2025
8. Global Automotive Test Equipment Market, By Region
Continued…
List Of Tables
Table 1 Global Automotive Test Equipment Market, By Region, 2017–2025
Table 2 North America: Automotive Test Equipment Market, By Country, 2017–2025
Table 3 Europe: Automotive Test Equipment Market, By Country, 2017–2025
Table 4 Asia-Pacific: Automotive Test Equipment Market, By Country, 2017–2025
Table 5 RoW: Automotive Test Equipment Market, By Region, 2017–2025
Continued…
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