Automotive Test Equipment Market Size, Share, Trends, Growth 2032

Automotive Test Equipment Market

Automotive Test Equipment Market by Product (Chassis Dynamometer, Engine Dynamometer, Wheel Alignment Tester, and Vehicle Emission Test System), by Vehicle (Passenger Vehicles, LCV, and HCV), and by Application Tool (Handheld Scan Tool, Mobile Device-Based Scan Tool, and PC/Laptop-Based Scan Tool), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024-2032

Category: Automotive Report Format : PDF Pages: 152 Report Code: ZMR-678 Published Date: Mar-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 3.40 Billion USD 5.09 Billion 4.57% 2023

Automotive Test Equipment Market

Global Automotive Test Equipment Market: Overview

The global automotive test equipment market size was evaluated at $3.40 billion in 2023 and is slated to hit $5.09 billion by the end of 2032 with a CAGR of nearly 4.57% between 2024 and 2032.

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The study includes drivers and restraints of the automotive test equipment market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the automotive test equipment market on a global level.

This report offers a comprehensive analysis of the global automotive test equipment along with market trends, drivers, and restraints of the automotive test equipment market. This report includes a detailed competitive scenario and product portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the market has also been included.

The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Automotive Test Equipment Market: Growth Factors

The worldwide adoption of automotive testing equipment is trending due to the implication of quality tests on automobiles. Automotive test equipment holds prime importance in the regulation of a vehicle’s overall performance, lifecycle, and operation. They are implied in scrutinizing fuel dilution, lubrication aeration, engine wear, engine oil consumption, and, hand brake tension.

The automotive testing equipment ensures overall efficiency, performance, safety, and functionality of vehicles. The worldwide safety standards related to the automotive industry is likely to fuel the automotive test equipment market in the upcoming years. The original equipment manufacturers (OEMs) of automobiles across the globe are relying heavily on automotive testing equipment to adhere to stringent safety standards implemented by their respective governments. Rising concern of automobile OEMs regarding technological enhancement and up-gradation of automotive test equipment is projected to propel the automotive test equipment market over the estimated timeframe.

The rising demand for highly efficient vehicles is anticipated to significantly contribute toward the automotive test equipment market growth in the future. However, the supplementary technological up-gradation expenses might the automotive test equipment market in the future.

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Automotive Test Equipment Market: Segmentation

The automotive test equipment market is segmented based on product, vehicle, and application tool.

The product segment is classified into chassis dynamometer, engine dynamometer, wheel alignment tester, and vehicle emission test system. Wheel alignment testers are expected to hold a major market share in the future, due to the escalating requirement of accurate wheel alignment.

By vehicle, the market is segmented into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. The rising production of passenger vehicles is likely to fuel the market for passenger vehicles segment in the future.

The application tool segment includes a handheld scan tool, mobile device-based scan tool, and pc/laptop-based scan tool. Handheld scan tools are likely to dominate the market in the upcoming years, due to their easy handling, portability and increased product demand.

All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Automotive Test Equipment Market : Report Scope

Report Attributes Report Details
Report Name Automotive Test Equipment Market Research Report
Market Size in 2023 USD 3.40 Billion
Market Forecast in 2032 USD 5.09 Billion
Growth Rate CAGR of 4.57%
Number of Pages 215
Key Companies Covered Siemens AG, ACTIA Group S.A., Robert Bosch GmbH, Delphi Automotive PLC, ABB Ltd., EM TEST GmbH, Presto Stantest Pvt. Ltd., Sierra Instruments, Inc., and Moog, Inc., among others.
Segments Covered By Product, By Vehicle, By Application Tool and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

 

By region, the automotive test equipment market includes North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. North America is likely to contribute a major share to the global automotive test equipment in the future, due to the growing security concerns among large-scale enterprises. The European automotive test equipment market is project6ed to witness noteworthy growth in the upcoming years, owing to the presence of globally renowned automotive test equipment manufacturers, such as Siemens in the region.

Automotive Test Equipment Market: Competitive Space

The global automotive test equipment market profiles key players such as:

  • Siemens AG
  • ACTIA Group S.A
  • Robert Bosch GmbH
  • Delphi Automotive PLC
  • ABB Ltd
  • EM TEST GmbH
  • Presto Stantest Pvt. Ltd
  • Sierra Instruments, Inc
  • Moog, Inc

This report segments the automotive test equipment market into:

Automotive Test Equipment Market: Product Analysis

  • Chassis Dynamometer
  • Engine Dynamometer
  • Wheel Alignment Tester
  • Vehicle Emission Test System

Automotive Test Equipment Market: Vehicle Analysis

  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Automotive Test Equipment Market: Application Tool Analysis

  • Handheld Scan Tool
  • Mobile Device-Based Scan Tool
  • PC/Laptop-Based Scan Tool

Automotive Test Equipment Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Automotive test equipment comprises a diverse range of instruments and tools that are employed within the automotive sector to assess, diagnose, and analyze the functionality, safety, and adherence to regulations of vehicles and their constituent parts. Automotive engineers, technicians, and manufacturers require these specialized instruments to guarantee the safety, dependability, and quality of vehicles. Automotive test equipment is capable of evaluating vehicle systems, electronics, emissions, safety features, and overall performance, among other things.

Progressively more stringent regulations pertaining to the safety, emissions, and performance of vehicles are propelling the demand for sophisticated testing equipment. The adherence of automotive manufacturers to these standards increases the need for advanced testing equipment. The ongoing progression of automotive technology, encompassing autonomous vehicles, connected systems, and electric vehicles (EVs), requires sophisticated testing apparatus to guarantee the dependability, security, and efficacy of such technologies.

The global automotive test equipment market size was evaluated at $3.40 billion in 2023 and is slated to hit $5.09 billion by the end of 2032.

The global automotive test equipment market with a CAGR of nearly 4.57% between 2024 and 2032.

Present and anticipated demand for North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa are incorporated into the regional segmentation. Major nations, including the United States, Canada, Mexico, the United Kingdom, France, Germany, China, India, Japan, South Korea, Brazil, Argentina, and GCC countries, have been established within each region.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global automotive test equipment market, such as Siemens AG, ACTIA Group S.A., Robert Bosch GmbH, Delphi Automotive PLC, ABB Ltd., EM TEST GmbH, Presto Stantest Pvt. Ltd., Sierra Instruments, Inc., and Moog, Inc., among others.

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