Press release
Global Automotive Test Equipment Market Seeks to New Posture of Market Trends, Opportunities and Breakthrough Point During 2020-2027
Global Market Monitor recently published a market research report on Automotive Test Equipment, which studied Automotive Test Equipment industry outlook, competitive situation, regional market analysis, type & application segment analysis, and market trend forecast by 2026.
The global automotive test equipment market is expected to reach USD 2.7 billion by 2025. Asia Pacific holds the largest market share and the region constitutes a hub for automotive production. Increasing consumer purchasing power is driving the demand for automobiles in the region. Moreover, due to low production costs and availability of cheap labor, many OEMs have not only set up production facilities but also partnered with domestic automakers. Asia Pacific is home to key suppliers of automotive test equipment and it is expected to be the fastest growing region by 2025 due to the continuous advancements in safety systems and technologies. Europe also holds a significant market share. The region is home to several prominent automotive companies. Moreover, due to the acceptance of safety certifications, manufacturers in the region are working towards providing excellent safety features and have tested them against several safety standards. Latin America, Middle East and Africa are also expected to witness significant growth owing to the increasing demand for efficient safety systems in the region.
Automotive test equipment is used to perform quality control tests to assess and ensure effective performance of vehicles. Automotive test equipment helps in maintaining the efficiency of the vehicle and therefore plays an important role in improving the overall life of the vehicle. It includes all the equipment and devices used to detect faults by testing the vehicle's performance and operation.
Due to the increasing popularity of electronic components in modern automobiles. Growing vehicle production and increasing demand for electric vehicles are driving the demand for automotive test equipment. These devices provide better vehicle ride comfort and stability. Moreover, the growing demand for safety and comfort features has led automotive suppliers and OEMs to engage in research and development for testing electronic components and comply with government regulations. As safety is a major concern for automotive manufacturers, it is expected to drive the demand for automotive test equipment in the coming years.
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Prime Competitors
The prominent players in the Automotive Test Equipment market include:
EM TEST
Tecnicas Reunidas de Automocion
SPACE S.R.L
Freese Enterprises
ABB
Robert Bosch
Sierra Instruments
Presto Testing Instruments
Honeywell International
Moog
ADVANTEST
Delphi Automotive
ACTIA Group
HORIBA
Tesscorn
Application Outline:
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By Type:
Chassis Dynamometer
Engine Dynamometer
Vehicle Emission Test System
Wheel Alignment Tester
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Automotive Test Equipment Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Automotive Test Equipment Market by Types
4 Segmentation of Automotive Test Equipment Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Automotive Test Equipment Market in Major Countries
7 North America Automotive Test Equipment Landscape Analysis
8 Europe Automotive Test Equipment Landscape Analysis
9 Asia Pacific Automotive Test Equipment Landscape Analysis
10 Latin America, Middle East & Africa Automotive Test Equipment Landscape Analysis
11 Major Players Profile
…
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Automotive Test Equipment Market: Region Outlook
North America (U.S., Canada, Mexico)
Europe (Germany, France, Italy, Spain, U.K., Nordic Countries, Belgium, Russia, Rest of Europe)
Asia Pacific (China, India, Australia, Japan, South Korea, Australia and New Zealand, Rest of Asia Pacific)
Latin America, Middle East & Africa (Brazil, Nigeria, Argentina, South Africa, GCC Countries)
Others
Key Stakeholders
Automotive Test Equipment manufacturers
Downstream vendors and end-users
Traders, distributors, and resellers of Automotive Test Equipment
Automotive Test Equipment industry associations and research organizations
Product managers, Automotive Test Equipment industry administrator, C-level executives of the industries
Market Research and consulting firms
Report Spotlights
Detailed overview of market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprints
Available Customizations – Market Monitor offers customizations according to the company's specific needs.
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About Global Market Monitor
Global Market Monitor is a professional modern consulting company, engaged in three major business categories such as market research services, business advisory, technology consulting.
We always maintain the win-win spirit, reliable quality and the vision of keeping pace with The Times, to help enterprises achieve revenue growth, cost reduction, and efficiency improvement, and significantly avoid operational risks, to achieve lean growth. Global Market Monitor has provided professional market research, investment consulting, and competitive intelligence services to thousands of organizations, including start-ups, government agencies, banks, research institutes, industry associations, consulting firms, and investment firms.
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