Press release
Automotive Chassis Dynamometer Global Market Demand Status, Competitive Landscape, Top Growing Regions, Segmentations, and Leading Key Opportunity Forecast To 2033
Automotive Chassis Dynamometer Global Market
Automotive Chassis Dynamometer Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $0.24 billion In 2028 At A CAGR Of 3.4% :
The automotive chassis dynamometer market size has grown steadily in recent years. It will grow from $0.2 billion in 2023 to $0.21 billion in 2024 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to increased urbanization and congestion in cities, rising consumer awareness, rise in disposable income, strong economic growth in emerging markets.
The automotive chassis dynamometer market size is expected to see steady growth in the next few years. It will grow to $0.24 billion in 2028 at a compound annual growth rate (CAGR) of 3.4%. The growth in the forecast period can be attributed to rising population density, increasing use of automation and digitalization in rolling stock, sustainable energy integration, increased connectivity and iot integration. Major trends in the forecast period include all-wheel drive (awd) dynamometer testing, integration with vehicle dynamics control systems, electric and hybrid powertrain testing, portable and modular dynamometer designs, increased emphasis on emissions testing.
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Automotive Chassis Dynamometer Market Major Segments
The automotive chassis dynamometer market covered in this report is segmented -
1) By Product Type: Single Roller, Multi Roller
2) By Drive Type: All Wheel Drive Dyno, Two Wheel Drive Dyno
3) By Application: Light Commercial Vehicle, Heavy Commercial Vehicle, Passenger Vehicle, Racing Vehicle
Key Driver - Increased Automobile Manufacturing Fuels Demand For Automotive Chassis Dynamometers
The increasing manufacturing of automobiles is expected to drive the automotive chassis dynamometer market in the forecast period. Automotive chassis dynamometers are used in vehicles to measure torque and are also used to analyze various suspension problems, environmental performance, emission performance, and overall vehicle performance. The increasing automobiles manufacturing is expected to generate high demand for this test equipment. For instance, car manufacturing in India grew to 30.82 lakh units in 2021, compared to 24.33 lakh units in 2020. Hence, the increasing production of automobiles is expected to drive the market.
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Prominent Trend - The Rise Of Portable Chassis Dynamometers In The Automotive Industry
Mobile and portable chassis dynamometers are a key trend gaining popularity in the automotive chassis dynamometer market. Portable dynamometers allow users to perform environmental testing under real-world conditions and serve as an economical alternative to their sophisticated, in-house, testing facilities. For instance, in 2021, Vtechdyno, a UK-based automotive chassis dynamometer manufacturer launched new TractionBoost roller technology which provides up to twice the grip of previous roller technology. This advanced knurling is necessary to also measure up to electric and high-performance cars and supercars. The new design of doubled Gates toothed belt is standard on the EV+. It is crucial when measuring electric cars with vast torque.
Automotive Chassis Dynamometer Market Players
Major companies operating in the automotive chassis dynamometer market report are Mustang Dynamometer, Ono Sokki Co. Ltd., Sierra Instruments Inc., Rototest Ab, Saj Test Plant Pvt Ltd., Kratzer Automation AG, Horiba Ltd., Meidensha Corporation, Taylor Dynamometer Inc., Power Test Inc., Dyno Dynamics, Dynapack Asia Group, Elektrodyne Industries Private Ltd., V-tech Dynamometers, Shin Nippon Tokki Co. Ltd., AVL List GmbH, SAKOR Technologies Inc., Dynojet Research Inc., MAHA Maschinenbau Haldenwang GmbH & Co. KG, Hofmann Prüftechnik GmbH, National Technical Systems Inc., Kinetic Systems Inc., SuperFlow Dynamometers & Flowbenches, AccuDyne Systems Inc., BOSCH Automotive Service Solutions Inc., Spoon Sports USA, Froude Hofmann Ltd., Racelogic Ltd., Chassis Dynamometer Services Inc., OPELMEX
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the automotive chassis dynamometer market in 2023. The regions covered in the automotive chassis dynamometer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Chassis Dynamometer Market Report Structure
3. Automotive Chassis Dynamometer Market Trends And Strategies
4. Automotive Chassis Dynamometer Market - Macro Economic Scenario
5. Automotive Chassis Dynamometer Market Size And Growth
…..
27. Automotive Chassis Dynamometer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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