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Automotive Chassis Dynamometer Market Size Forecasted To Achieve $0.25 Billion By 2029 With Steady Growth
Automotive Chassis Dynamometer Market
What Is the Automotive Chassis Dynamometer Market Size and Projected Growth Rate?
In recent times, we have seen a consistent growth in the size of the automotive chassis dynamometer market. Forecasted to expand from $0.21 billion in 2024 to $0.21 billion in 2025, this implies an annual growth rate of 2.8%. Factors contributing to growth during the historic era include increased levels of urbanization and resulting city congestion, heightened consumer consciousness, growth in disposable income, and robust economic advancement in emerging markets.
The market size of the automotive chassis dynamometer is anticipated to experience consistent expansion in the coming years, with projections indicating growth to $0.25 billion in 2029 at a compound annual growth rate (CAGR) of 3.9%. The predicted growth in this period can be attributed to factors such as a rising population density, the escalated use of automation and digitalization in rolling stock, integration of sustainable energy, enhanced connectivity, and the incorporation of IoT. Notable trends expected within this forecast period encompass all-wheel drive (AWD) dynamometer testing, compatibility with vehicle dynamics control systems, testing of electric and hybrid powertrains, the design of portable and modular dynamometers, and an increased focus on emissions testing.
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What Are the Major Segments in the Automotive Chassis Dynamometer Market?
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
Subsegments:
1) By Single Roller: Direct Drive Single Roller, Indirect Drive Single Roller
2) By Multi Roller: Two Roller, Four Roller, Six Roller
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What Are The Driving Automotive Chassis Dynamometer Market Evolution?
The escalation in vehicle production is projected to boost the automotive chassis dynamometer market during the anticipated period. These devices, used to evaluate torque in vehicles as well as identify a range of suspension issues, environmental performance, emission outputs, and total vehicle performance, are seeing increased demand due to a surge in car manufacturing. For example, car production in India escalated to 30.82 lakh units in 2021, up from 24.33 lakh units in 2020. For this reason, the growth in automobile production could be a strong influencer of market expansion.
Which Firms Dominate The Automotive Chassis Dynamometer Market Segments?
Major companies operating in the automotive chassis dynamometer market include 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
What Trends Are Expected to Dominate the Automotive Chassis Dynamometer Market in the Next 5 Years?
The increasing popularity of mobile and portable chassis dynamometers is a significant trend in the automotive chassis dynamometer market. Providing a cost-effective alternative to sophisticated in-house testing facilities, these portable dynamometers enable users to conduct environmental tests in real-world conditions. To illustrate, in May 2022, Mustang Dynamometer, an American manufacturer of high-quality and precision testing equipment, introduced the MD-SXS/UTV chassis dynamometer. This new dynamometer has become the ultimate choice in the power motorsport market for servicing a variety of vehicles including side-by-sides, UTVs, motorcycles, quad-runners, among others. The MD-SXS/UTV Dyno by Mustang is a uniquely made, high-speed dyno suitable for motorcycles, UTVs, and side-by-side combinations.
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Which Is The Largest Region In The Automotive Chassis Dynamometer Market?
Asia-Pacific was the largest region in the automotive chassis dynamometer market in 2024. The regions covered in the automotive chassis dynamometer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Chassis Dynamometer Market?
2. What is the CAGR expected in the Automotive Chassis Dynamometer Market?
3. What Are the Key Innovations Transforming the Automotive Chassis Dynamometer Industry?
4. Which Region Is Leading the Automotive Chassis Dynamometer Market?
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