Automotive Calibration Service Market Size, Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

The global Automotive Calibration Service market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Calibration Service in various end use industries. The expanding demands from the OEM and Personal, are propelling Automotive Calibration Service market. Engine, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Powertrain segment is estimated at % CAGR for the next seven-year period.

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Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.

Key Companies:
• Magna
• MicronPA
• Vehicle Calibration Services, LLC
• AutoTest Products Pty Ltd
• HORIBA
• Vaisala
• SGS
• AVL
• Tektronix
• Protech Auto
• Caliber Collision

By Type
• Engine
• Powertrain
• Sensors
• Others

By Application
• OEM
• Personal

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This release was published on openPR.