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Automotive Chassis Dynamometer Industry Expected to Reach $0.24 Billion by 2029 at 3.3% CAGR
Automotive Chassis Dynamometer
Automotive Chassis Dynamometer Market Value Projection: How Much Will the Market Size by 2025?
There has been a slight expansion in the market size of the automotive chassis dynamometer in the past few years. Its predicted growth is from $0.21 billion in 2024 to $0.21 billion in 2025, with a compound annual growth rate (CAGR) of 1.4%. This growth during the historical period is mainly due to a surge in urbanization and traffic in cities, enhanced consumer consciousness, growth in disposable income, and robust economic development in budding markets.
What Will Be the Market Growth Forecat for Automotive Chassis Dynamometer in 2029?
The market size for automotive chassis dynamometer is anticipated to experience consistent growth in the coming years, with a projection to reach $0.24 billion by 2029, at a compound annual growth rate of 3.3%. The growth for the predicted period is associated with an upsurge in population density, a surge in the application of automation and digitalization in rolling stock, incorporation of sustainable energy, heightened connectivity and integration of IoT. Some of the significant trends identified for the forecast period include testing of all-wheel drive (AWD) dynamometer, integration with vehicle dynamics control systems, testing of electric and hybrid powertrain, distinct portable and modular dynamometer designs and an emphasis on emissions testing.
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What Are the Core Competitive Drivers in the Automotive Chassis Dynamometer Industry?
The projected growth in the manufacture of automobiles is anticipated to propel the automotive chassis dynamometer market. Automotive chassis dynamometers, which are utilized in vehicles to assess torque, suspension issues, environmental and emission performances, and the general performance of the vehicle, are likely to see a surge in demand due to the rise in auto manufacturing. For example, in 2021, India saw a boost in car manufacturing to 30.82 lakh units, up from 24.33 lakh units in 2020. Therefore, the expansion of automobile production is predicted to boost the market.
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Which Automotive Chassis Dynamometer Market Segment Is Projected to See the Fastest Growth?
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
Which Trends Are Opening New Opportunities in the Automotive Chassis Dynamometer Market?
A significant trend emerging in the automotive chassis dynamometer market is the increased preference for mobile and portable chassis dynamometers. These portable dynamometers offer the advantage of conducting environmental tests under actual conditions, proving to be a cost-effective substitute for the more sophisticated, in-house testing equipment. An example of this trend is the launch in May 2022 of the MD-SXS/UTV chassis dynamometer by Mustang Dynamometer, a US-based company known for the manufacture and design of top-quality, precise testing tools. The newly launched dynamometer is ideal for the power motorsport market where services for side-by-sides, UTVs, motorcycles, quad-runners, amongst others, are required. The MD-SXS/UTV Dyno by Mustang is a high-speed motorcycle/UTV/side-by-side combination dynamometer specifically developed for these markets.
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Who Are the Leaders in the Automotive Chassis Dynamometer Market?
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
Which Regional Automotive Chassis Dynamometer Markets Offer the Greatest Growth Potential?
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
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