Automotive Test Equipment Market: Global Industry Analysis and Forecast (2022-2029)

Automotive Test Equipment Market size was valued at US$ 3.12 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 4.1% from 2022 to 2029, reaching nearly US$ 4.30 Bn.

Automotive Test Equipment Market Overview:

Automotive Test Equipment Market is expected to reach US$ 4.30 Bn. by 2029. The performance of the automobiles is tested using the automotive test equipment. It is made up of all the tools and equipment used to test the performance and operations of the vehicle in order to look for problems. They may now offer vehicles that are more efficient while still meeting all safety criteria. It is extensively used in the automobile sector. This report focuses on the different segments of the Automotive Test Equipment market (Vehicle Type, Product Type, Application Type, End-Market Type, Advance Technology Size, and Region). In-depth analysis of the leading industry participants and regions is provided in this report (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It offers a thorough examination of the numerous sectors' explosive modern-era growth. Through numbers, visuals, and presentations, the core data analysis from 2017 to 2021 is highlighted. The market drivers, restraints, opportunities, and challenges for Automotive Test Equipment are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Automotive Test Equipment market. Automotive Test Equipment Market To know about the Research Methodology :- Request Free Sample Report

Automotive Test Equipment Market Dynamics:

Restriction of emissions regulations to protect the environment The trend is toward the development of test apparatus and its use to gauge emission levels legally. Through six laws, the amount of NOx emissions from diesel vehicles that are permitted has decreased by ten times. Every vehicle is required to abide by emission guidelines. To determine if a vehicle complies with industry requirements, the vehicle emission test system is utilized. Additionally, test tools and associated software can aid in determining the quantity of emissions produced by passenger automobiles while also increasing fuel efficiency. Additionally, a national programme with new requirements was formed by the National Highway Traffic Safety Administration (NHSA) of the US Department of Transportation with the aim of lowering greenhouse gas (GHG) emissions and enhancing fuel efficiency. In order to limit greenhouse gas emissions, the Environmental Protection Agency (EPA) has also established GHG emissions regulations. By reducing the exhaust emission of hazardous pollutants like nitrogen oxide (NOx), carbon monoxide (CO), and hydrocarbons, the strict Euro 6 rules adopted by the European Union (EU) aim to make cars cleaner. Different standards under the new Euro 6 regulations apply to gasoline and diesel vehicles. The global market for automotive test equipment is growing as a result of these factors. Lack of automotive test equipment R&D facilities OEMs are required to thoroughly test their vehicles to ensure that they comply with the many strict emission norms and laws that have been established around the world. Different forms of test equipment, such as mobile-based equipment and others, are needed for contemporary automobiles, such as hybrid cars with hybrid powertrains. Only a few firms, like Ricardo (UK), Intertek (UK), and Horiba (Japan), offer testing services for hybrid vehicles. These testing services are contracted out by different automakers, which raises the cost of the car overall and has an impact on sales. Hybrid vehicles require specialised testing equipment, which necessitates cutting-edge research. Automobile testing would suffer from a shortage of R&D facilities, which would lead to less inventive and cutting-edge goods. Increasing need for on-board diagnostic equipment Due to the potential of OBD equipment to perform self-diagnostics, there has been a surge in the need for OBD testing in recent years. The engine can be completely controlled through OBD. OBD tools offer pollution control in addition to fault finding in vehicles by issuing forewarnings about impending component failure. Users or technicians can find vehicle defects due to OBD-troubleshooting II's features. Instead of visiting an auto shop to find the issue, the customer can utilise OBD equipment to read the engine's state and diagnose the issue themselves. Application-based wireless devices, like smartphones, are typically preferred by consumers. Applications for OBD-II systems have been created by testing tool developers. For instance, the Torque Pro mobile application from Actron (US), a provider of repair and diagnostic equipment, enables users to conduct automotive diagnostics using their mobile phones. By using Bluetooth to connect to the OBD-II serial connection, this programme can operate wirelessly. Torque Pro is also employed to keep track of the vehicle's performance. Sustaining equilibrium between test equipment's high cost and performance Choosing between technological advancement and cost-cutting is a challenge for the automotive industry. When compared to standard test equipment, technologies like advanced test tools are more expensive and are employed for testing electric or hybrid vehicles. For producers to achieve economies of scale, any technology must first gain widespread use. Entry-level passenger cars are in demand in the rising nations, thus automakers must offer their product at a price that is competitive. Offering pricey test equipment in this situation can be a barrier. The expense of developing new items constantly has to be balanced against the cost savings from producing products that are more common. Therefore, the challenge is to develop automobile test tools that are both effective and cost-effective.

Automotive Test Equipment Market Segment Analysis:

Based on the Product Type, the market is segmented into Chassis dynamometer, Engine dynamometer, Vehicle emission test system, Wheel alignment tester, Fuel injection pump tester, and Transmission dynamometer. Chassis dynamometer segment is expected to hold the largest market share of xx% by 2029. This is due to low manufacture and an increase in the number of automobile factories in developing countries. It is also frequently used for mileage accumulation and emission testing, and it aids in determining the overall functioning of a vehicle's drivetrain. The market for automotive test equipment also includes product categories for the engine dynamometer, wheel alignment tester, and vehicle emission test system. Power, force, or torque can be measured using a dynamometer. The chassis dynamometer and engine dynamometer provide simulated road loading for the chassis and engine, respectively, during routine emission testing cycles. Vehicle emission test system segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. This is due to growing worries about automobile emissions, a drive for a smaller carbon footprint, and strict regulatory regulations. Wheel alignment tester segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. To safeguard tyre investment and tyre life, optimise fuel efficiency, and stop safely in slick circumstances, proper wheel alignment is important. Wheel alignment issues can cause a vehicle's fuel economy to drop by up to 7%. A growing number of original equipment manufacturers (OEMs) now demand a steering system reset during alignment servicing as vehicle manufacturers equip more vehicles with on-board driver-support systems, such as electronic stability control, parking aid, traction control, and more. During alignment service, it's crucial to have an alignment system that can reset all sensors involved in alignment. Based on the Vehicle Type, the market is segmented into Passenger Car, and Commercial Vehicle. Passenger Car segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. The market for automotive test equipment for passenger vehicles has grown as a result of rising consumer spending power and rising demand for passenger cars in both developing and developed nations. The demand for automotive test equipment has also increased as regulations governing emissions and car safety performance become more stringent in a number of nations. Automotive Test Equipment Market Based on the Application Type, the market is segmented into Mobile device-based equipment, and PC/laptop-based equipment. PC/laptop-based equipment segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. The majority of PC/laptop-based testing equipment is a hardware and software package that includes all the required cables, hardware, and software. These PC-based systems include tools for plotting and logging sensor data, figuring out fuel economy, and estimating horsepower and torque. Additionally, a lot of mechanics favour data extraction and analysis tools that are PC/laptop based from car components.

Automotive Test Equipment Market Regional Insights:

Asia Pacific region is expected to dominate the Automotive Test Equipment Market during the forecast period 2022-2029. The Asia Pacific region is expected to hold the largest market share of xx% by 2029. The region serves as the centre of the automobile industry. The region's demand for vehicles is being driven by an increase in consumer spending power. Additionally, several OEMs have either built the production facilities or worked with domestic vehicle manufacturers due to the low cost of production and accessibility of cheap labour. Key suppliers of automotive test equipment are based in Asia Pacific, which is expected to have the largest growth by 2029 due to ongoing developments in safety systems and technology. Europe region is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. There are a number of reputable auto manufacturers in the region. Due to the acceptance of safety certification, regional manufacturers are also actively engaged in offering superior safety features that are tested in accordance with several safety requirements. Automotive Test Equipment Market 1 The objective of the report is to present a comprehensive analysis of the Global Automotive Test Equipment Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Automotive Test Equipment Market dynamic and structure by analyzing the market segments and projecting the Global Automotive Test Equipment Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Automotive Test Equipment Market make the report investor’s guide.

Automotive Test Equipment Market Scope: Inquire before buying

Global Automotive Test Equipment Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 3.12 Bn.
Forecast Period 2022 to 2029 CAGR: 4.1% Market Size in 2029: US $ 4.30 Bn.
Segments Covered: by Vehicle Type • Passenger Car • Commercial Vehicle
by Product Type • Chassis dynamometer • Engine dynamometer • Vehicle emission test system • Wheel alignment tester • Fuel injection pump tester • Transmission dynamometer
by Application Type • Mobile device-based equipment • PC/laptop-based equipment
by End-Market Type • OEM assembly plant • OEM R&D/ technical center • Authorized service center
by Advance Technology Size • ADAS testing • ECU testing • Data logger system • Simulation testing • EV testing

Automotive Test Equipment Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Automotive Test Equipment Market Key Players

• Honeywell Industrial Inc. • Siemens AG • Robert Bosch GmbH • ABB Ltd • Delphi Automotive PLC • Softing AG • Horiba Ltd. • SGS S.A • Actia S.A. • AVL List GmbH • Sierra Instruments • SPACE S.R.L • Moog • ADVANTEST • Freese Enterprises • Continental AG • Vector Informatik GmbH • PTM Electronics • DENSO CORPORATION • Millbrook Proving Ground • TÜV SÜD Frequently Asked Questions: 1] Which region is expected to hold the highest share in the Automotive Test Equipment Market? Ans. The Asia Pacific region is expected to hold the highest share in the Automotive Test Equipment Market. 2] Who are the top key players in the Automotive Test Equipment Market? Ans. Honeywell Industrial Inc., Siemens AG, Robert Bosch GmbH, ABB Ltd, Delphi Automotive PLC, Softing AG, and Horiba Ltd. are the top key players in the Automotive Test Equipment Market. 3] Which segment is expected to hold the largest market share in the Automotive Test Equipment Market by 2029? Ans. Chassis dynamometer segment is expected to hold the largest market share in the Automotive Test Equipment Market by 2029. 4] What is the market size of the Automotive Test Equipment Market by 2029? Ans. The market size of the Automotive Test Equipment Market is expected to reach US $4.30 Bn. by 2029. 5] What was the market size of the Automotive Test Equipment Market in 2021? Ans. The market size of the Automotive Test Equipment Market was worth US $3.12 Bn. in 2021.
1. Global Automotive Test Equipment Market: Research Methodology 2. Global Automotive Test Equipment Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to the Global Automotive Test Equipment Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Automotive Test Equipment Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Automotive Test Equipment Market Segmentation 4.1 Global Automotive Test Equipment Market, by Vehicle Type (2021-2029) • Passenger Car • Commercial Vehicle 4.2 Global Automotive Test Equipment Market, by Product Type (2021-2029) • Chassis dynamometer • Engine dynamometer • Vehicle emission test system • Wheel alignment tester • Fuel injection pump tester • Transmission dynamometer 4.3 Global Automotive Test Equipment Market, by Application Type (2021-2029) • Mobile device-based equipment • PC/laptop-based equipment 4.4 Global Automotive Test Equipment Market, by End-Market Type (2021-2029) • OEM assembly plant • OEM R&D/ technical center • Authorized service center 4.5 Global Automotive Test Equipment Market, by Advance Technology Size (2021-2029) • ADAS testing • ECU testing • Data logger system • Simulation testing • EV testing 5. North America Automotive Test Equipment Market (2021-2029) 5.1 North America Automotive Test Equipment Market, by Vehicle Type (2021-2029) • Passenger Car • Commercial Vehicle 5.2 North America Automotive Test Equipment Market, by Product Type (2021-2029) • Chassis dynamometer • Engine dynamometer • Vehicle emission test system • Wheel alignment tester • Fuel injection pump tester • Transmission dynamometer 5.3 North America Automotive Test Equipment Market, by Application Type (2021-2029) • Mobile device-based equipment • PC/laptop-based equipment 5.4 North America Automotive Test Equipment Market, by End-Market Type (2021-2029) • OEM assembly plant • OEM R&D/ technical center • Authorized service center 5.5 North America Automotive Test Equipment Market, by Advance Technology Size (2021-2029) • ADAS testing • ECU testing • Data logger system • Simulation testing • EV testing 5.6 North America Automotive Test Equipment Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Automotive Test Equipment Market (2021-2029) 6.1. Europe Automotive Test Equipment Market, by Vehicle Type (2021-2029) 6.2. Europe Automotive Test Equipment Market, by Product Type (2021-2029) 6.3. Europe Automotive Test Equipment Market, by Application Type (2021-2029) 6.4. Europe Automotive Test Equipment Market, by End-Market Type (2021-2029) 6.5. Europe Automotive Test Equipment Market, by Advance Technology Size (2021-2029) 6.6. Europe Automotive Test Equipment Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Automotive Test Equipment Market (2021-2029) 7.1. Asia Pacific Automotive Test Equipment Market, by Vehicle Type (2021-2029) 7.2. Asia Pacific Automotive Test Equipment Market, by Product Type (2021-2029) 7.3. Asia Pacific Automotive Test Equipment Market, by Application Type (2021-2029) 7.4. Asia Pacific Automotive Test Equipment Market, by End-Market Type (2021-2029) 7.5. Asia Pacific Automotive Test Equipment Market, by Advance Technology Size (2021-2029) 7.6. Asia Pacific Automotive Test Equipment Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest of APAC 8. South America Automotive Test Equipment Market (2021-2029) 8.1. South America Automotive Test Equipment Market, by Vehicle Type (2021-2029) 8.2. South America Automotive Test Equipment Market, by Product Type (2021-2029) 8.3. South America Automotive Test Equipment Market, by Application Type (2021-2029) 8.4. South America Automotive Test Equipment Market, by End-Market Type (2021-2029) 8.5. South America Automotive Test Equipment Market, by Advance Technology Size (2021-2029) 8.6. South America Automotive Test Equipment Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 9. Middle East and Africa Automotive Test Equipment Market (2021-2029) 9.1 Middle East and Africa Automotive Test Equipment Market, by Vehicle Type (2021-2029) 9.2. Middle East and Africa Automotive Test Equipment Market, by Product Type (2021-2029) 9.3. Middle East and Africa Automotive Test Equipment Market, by Application Type (2021-2029) 9.4. Middle East and Africa Automotive Test Equipment Market, by End-Market Type (2021-2029) 9.5. Middle East and Africa Automotive Test Equipment Market, by Advance Technology Size (2021-2029) 9.6. Middle East and Africa Automotive Test Equipment Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 10. Company Profile: Key players 10.1 Honeywell Industrial Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Siemens AG 10.3 Robert Bosch GmbH 10.4 ABB Ltd 10.5 Delphi Automotive PLC 10.6 Softing AG 10.7 Horiba Ltd. 10.8 SGS S.A 10.9 Actia S.A. 10.10 AVL List GmbH 10.11 Sierra Instruments 10.12 SPACE S.R.L 10.13 Moog 10.14 ADVANTEST 10.15 Freese Enterprises 10.16 Continental AG 10.17 Vector Informatik GmbH 10.18 PTM Electronics 10.19 DENSO CORPORATION 10.20 Millbrook Proving Ground 10.21 TÜV SÜD

About This Report

Report ID 25407
Category Engineering Equipment
Published Date July 2022
Updated Date
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