Automotive Test Equipment Market worth $2.9 billion by 2025

1. Automotive Test Equipment Market worth $2.9 billion by 2025 The report "Automotive Test Equipment Market by Product Type (Engine Dynamometer, Chassis Dynamometer, Vehicle Emission Test System, And Wheel Alignment Tester), Application, End Market, Advance Technology, Vehicle, and Region - Global Forecast to 2025" Global automotive test equipment market is projected to grow at a CAGR of 3.95% from USD 2.2 billion in 2018 to reach USD 2.9 billion by 2025. The growth of the automotive test equipment market is influenced by factors such as rise in stringent emission norms to prevent environmental impact, technological advancements in automotive test equipment, increasing electronic architecture in modern vehicles, and growing vehicle production. Browse 73 market data Tables and 48 Figures spread through 169 Pages and in-depth TOC on "Automotive Test Equipment Market" Download PDF Brochure @ https://www.marketsandmarkets.com/Market-Reports/automotive- test-equipment-market-195601617.html Passenger Cars: Increased passenger car sales and technological advancement of test equipment is expected to drive the automotive test equipment market The passenger cars segment is the largest of all the segments of the automotive test equipment market and is expected to witness significant growth during the forecast period. The increase in disposable income of consumers has pushed the demand for passenger cars, which, in turn, has driven the growth of the passenger car market of automotive test equipment. Moreover, growing trend of high performance and engine downsizing of passenger cars have created the need for accurate and rigorous testing of automotive parts. Chassis Dynamometer: increasing number of production plants expected to drive chassis dynamometer market The main function of a chassis dynamometer is to measure vehicle performance with the help of torque and speed measurements taken from roller drums that load the vehicle drive train through contact with the wheels. Different types of chassis dynamometers are used for the testing of LCVs and HCVs, depending upon the capacity of a vehicle. Owing to stringent emission norms and need for accuracy, mostly 1 roller chassis dynamometer is used in place of 2 rollers for development of new vehicles. Also, increasing investment in R&D in the automotive industry is driving chassis dynamometer market. Asia Pacific: China is expected to lead the Asia Pacific market The Asia Pacific region is estimated to be the largest and fastest growing automotive test equipment market. The region comprises some of the fastest developing economies of the world such as China and India. The Asia Pacific region is home to key suppliers of automotive test equipment such as Horiba (Japan), Autel (China), Denso (Japan), and Ampro Testing Machines (India). Factors such as the availability of cheap labor and favorable government policies help undertake mass production of automotive components in Asia Pacific, which results in lower prices. In addition, high investments

2. by major OEMs in advanced technologies are providing further growth opportunities to the automotive test equipment manufacturers in this region. The global automotive test equipment market is dominated by major players such as ABB (Switzerland), Bosch (Germany), Horiba (Japan), Honeywell (US), Siemens (Germany), and Delphi (UK). Don’t miss out on business opportunities in Automotive Test Equipment Market. Speak to our analyst and gain crucial industry insights that will help your business grow. Get Detail Insight @ https://www.marketsandmarkets.com/Market-Reports/automotive-test- equipment-market-195601617.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 sales@marketsandmarkets.com