Global automotive test equipment market expected to reach approximately USD 722 million by 2024, at a CAGR of slightly above 6.31% between 2018 and 2024. The worldwide safety standards related to the automotive industry is likely to fuel the automotive test equipment market in the upcoming years.
Automotive Test Equipment Market
The Global Automotive Test Equipment Market Report covers a forecast and an analysis of the automotive test equipment market on a global and regional level. The study provides historical data for 2015, 2016, and 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). 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 is segmented on the basis of product, building, vehicle, application tool, and region. The product segment is classified into chassis dynamometer, engine dynamometer, wheel alignment tester, and vehicle emission test system. By vehicle, the market is segmented into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. The application tool segment includes a handheld scan tool, mobile device-based scan tool, and pc/laptop-based scan tool. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Each region has been further segmented into major countries, such as the U.S., Canada, Mexico, UK, France, Germany, China, India, Japan, South Korea, Brazil, Argentina, and GCC countries.
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.