Vehicle Dynamometer Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global vehicle dynamometer market is anticipated to grow at a CAGR of 7.0% during the forecast period (2022-2028). It is defined as a mechanical device that uses one or more fixed roller assemblies to simulate different road conditions within a controlled environment and is used for a wide variety of vehicle testing and development purposes. The market growth is also attributable to the stable growth in vehicle production and their sales coupled with the rising demand for luxury vehicles all over the globe. For instance, as per the International Organization of Motor Vehicle Manufacturers (OICA), total vehicle sales including the passenger cars and light commercial vehicles, had increased to 92,654,055 units in 2018 from 91,458,490 units in 2016. Such augmented vehicle sales have surged the demand for automotive dyno, thereby driving its market growth.

Through vehicle dynamometer, tuning a vehicle supports in tracking engine horsepower, and the mixture of air and fuel in the engine. As changes are made to a vehicle, one can see firsthand how the power of an engine is affected. Owing to all these benefits offered by the vehicle dynamometer, its market is likely to grow in the future years. Adding to this, the introduction of new technologies such as engine torque pulsation simulation (ETPS) dynamometer is another factor positively influencing the market growth. Further, the increasing applications of vehicle dynamometer in other verticals such as aerospace, aviation, and marine that require the equipment to ensure maximum efficiency of vessel engines is projected to drive the growth of the global vehicle dynamometer market.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Type
•By Application
•Regions covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape: Aptiv plc, Robert Bosch GmbH, and AVL List GmbH, among others.

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Global Vehicle Dynamometer Market Report by Segment
By Type
•Automotive Chassis Dynamometers
•Automotive Engine Dynamometers
By Application
•Heavy Commercial Vehicle
•Light Commercial Vehicle
•Passenger Car

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 

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This release was published on openPR.