Automotive Test Equipment Market Detailed Analysis, Emerging Trends, Future Growth, Size And Demand Forecast To 2031 || Key Players - Robert Bosch GmbH, Vector Informatik, ABB Ltd, Siemens AG, Actia S.A
The global automotive test equipment market report by the business research company identifies the rising production of passenger vehicles is significantly contributing to be a major growth driver for the automotive test equipment market. Passenger vehicles are motor vehicles that are used to transport people. The high production requires a large number of automotive test equipment to ensure the vehicle performance meets the international regulations and safety standards, therefore, creating demand for automotive test equipment. For instance, according to the China Association of Automobile Manufacturers In 2021, the production of passenger vehicles was approximately 21.40 million in 2021, a year-on-year increase of 7.1%.
The global automotive test equipment market size is expected to grow from $2.51 billion in 2021 to $2.73 billion in 2022 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The automotive test equipment market is expected to reach $3.37 billion in 2026 at a CAGR of 5.5%.
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Asia-Pacific was the largest region in the automotive test equipment market in 2021. The regions covered in the automotive test equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the automotive test equipment market are Robert Bosch GmbH, Vector Informatik, ABB Ltd, Siemens AG, Actia S.A., Continental AG, Horiba Ltd., Softing AG, Teradyne Inc., MTS Systems Corporation, Denso Corporation, ACTIA Group, TÜV SÜD, PTM Electronics, MAHA Maschinenbau Haldenwang GmbH.
The global automotive test equipment market is segmented -
1) By Product Type: Chassis Dynamometer, Engine Dynamometer, Vehicle Emission Test System, Wheel Alignment Tester
2) By Vehicle Type: Passenger Car, Commercial Vehicles
3) By Application: Handheld Scan Tool, Mobile Device-Based Scan Tool, PC or Laptop-Based Scan Tool
4) By End-Use: Original Equipment Manufacturer (OEM) Assembly Plant, Original Equipment Manufacturer (OEM) R and D, Technical Center, Authorized Service Center
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The Automotive Test Equipment Market Report Contents Include
1. Executive Summary
2. Automotive Test Equipment Market Characteristics
3. Automotive Test Equipment Market Trends And Strategies
4. Automotive Test Equipment Market - Macro Economic Scenario
5. Automotive Test Equipment Market Size And Growth
27. Automotive Test Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Test Equipment Market
29. Automotive Test Equipment Market Future Outlook And Potential Analysis
This report covers the trends and market dynamics of the automotive test equipment market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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