The report of automotive dyno market segmented by type (engine dynamometer, chassis dynamometer and others), application (automotive OEM and automotive aftermarket), and region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) is expected to reach US$ 3.1Mn by 2027, at a CAGR of 4.9% during a forecast period.
Trend in the market is growing vehicle population across geographies. The automotive industry is witnessing favourable situations across multiple geographies. The vehicle production numbers, including passenger cars and commercial vehicles.
Automotive OEMs segment is dominating the global automotive dyno market.
Automotive dyno is an automotive test equipment used by OEMs, component suppliers (Tier I and Tier II), and automotive testing service providers for recording several parameters such as force, torque, power, and speed of the vehicle. There are predominantly two types of dyno used in the automotive industry.
Chassis dyno segment is leading the global automotive dyno market.
The chassis dyno segment dominating the automotive dyno market globally, accounting for largest market share. Based on application engine dyno performs engine testing service of measuring power & torque directly from its coupled engine. Chassis dyno measures drivetrain output for example torque and power at the drive wheels.
The Asia Pacific has the largest market share for global automotive dyno market during the forecast period.
For the year 2017, the area of Asia Pacific had ruled the automotive dyno market globally. Features such as speedy financial progress in developing nations similar to China and India will rise the commuter cars market, which consecutively will convert into the call for automotive dynos in the area. The drive in the business is similarly assisting to motivate on testing needs and is likely to aiding progress of the high-performance apparatus. This is producing enormous market openings for the companies in this market.
Key players operating in global automotive dyno market, Dynamometer World, HORIBA, Application Engineering, Robert Bosch, SGS, Delphi, Mustang Dynamometer, Rototest International, Froude Hofman, KAHN, Mustang Advanced Engineering [MAE], NTS, Schenck RoTec, Sierra, and D2T.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global automotive dyno market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global automotive dyno market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global automotive dyno market positioning of competitors.
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