Automotive test equipment is used to carry out quality and performance tests such as measuring lubricant aeration, engine wear, engine oil consumption, fuel dilution, and evaporation and clogging of after-treatment systems. Automotive test equipment includes wheel alignment tester, chassis dynamometer, engine dynamometer, vehicle emission test system, fatigue testing, impact testers, tire plunger testers, fogging testers, etc. Automotive test equipment provides control over stability of the vehicle and riding comfort, these factors are fueling the growth of the global automotive test equipment market.
Growing automotive sector is a major factor driving growth of the global automotive test equipment market and this factor is expected to fuel growth of the global market to a significant extent during the forecast period. In addition, increasing number of service stations and workshops is another factor driving growth of the global automotive test equipment market. Technological advancements in automotive test equipment by original equipment manufacturers (OEM) is further propelling growth of the global automotive test equipment market. Furthermore, stringent government regulation regarding CO and NO2 emission is further boosting demand for vehicle emission test system.
Overall cost of test equipment is high as it requires sophisticated instruments and equipment. In addition, automotive test equipment needs to be updated owing to changes or updates in regulations. Furthermore, lack of R&D facilities for automotive testing lowers the quality of test equipment. This all factors are hampering the overall growth of the global automotive test equipment market.
Current trend in the market is increasing demand for onboard diagnostic testing owing to its self-diagnostic capability. In addition, mobile based scan tools are gaining popularity in developed regions and is expected to witness fastest growth during the forecast period.
On the basis of product type, the global automotive test equipment is segmented into wheel alignment tester, engine dynamometer, chassis dynamometer, and vehicle emission test system. On the basis of vehicle type, the global automotive test equipment is segmented into light commercial vehicle, heavy commercial vehicle, and passenger cars. On the basis of application, the global automotive test equipment is segmented into mobile device based scan tool, handheld scan tool, PC/ laptop based scan tool, and others. On the basis of region, the global automotive test equipment is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Do an inquiry for Automotive Test Equipment Market Report here: https://marketresearch.biz/report/automotive-test-equipment-market/#inquiry
Asia Pacific is expected to have highest growth and will dominate the global market in terms of value during the forecast period. Asia Pacific is expected to register a CAGR of XX% owing to rising demand for automotive test equipment from countries like China and India. The market in North America is expected to witness significant growth owing to presence of major vendors and OEM manufacturers in this region. The market in Europe is expected to witness considerable growth during the forecast period owing to stringent government regulations on pollutant emission by automotive.
Top players in the global automotive test equipment market are Robert Bosch GmbH, Honeywell Industrial Inc., Siemens AG, ABB Ltd, Delphi Automotive PLC, Actia S.A., Softing AG, SGS S.A, Horiba Ltd., and AVL List GmbH.