Global Automotive Test Systems Market Research Report: Information by Product Type (Wheel Alignment Tester, Engine Dynamometer, Chassis Dynamometer, and Vehicle Emission Test System), Vehicle Type (Passenger Cars, Light Commercial Vehicle, and Heavy Commercial Vehicle,), Application (Mobile Device-Based Scan Tool, Handheld Scan Tool, PC/Laptop-Based Scan Tool, and Others), and Region (North America, Europe, Asia-Pacific, and the Rest of the World)– Forecast till 2025
Automotive Test Systems Market Overview
Market Research Future (MRFR), in its newest “Automotive Test Equipment Market” reveals, that the global market of automotive test equipment is expected to expand at a CAGR of 4% during the forecast period of 2018 to 2025. The growing stringency of vehicle diagnostic test is expected to contribute significantly to the growth of the global market of automotive test equipment market. The surge in the need for electric vehicles, across the globe, due to rising environmental concern is escalating the need for sturdy and safe electric vehicles. This is creating the need for robust auto machine testing. Hence, the sales of automotive electrical testing equipment is also increasing. These factors are expected to cast a positive impact on the growth of the global market of automotive test equipment. Additional causes that are expected to induce growth are rise in the need for electrification of vehicles and growing stringency of emissions norms in environment prevention rules.
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MRFR placed their case study of the Automotive Test Systems Market on the basis of segmentation by product type, vehicle type, and applications. These segmentations carry detailed report of both volume-wise and value-wise information due to which the understanding of the market becomes more comprehensive.
Based on the product type, the global Automotive Test Systems market can be segmented into wheel alignment tester, engine dynamometer, chassis dynamometer, and vehicle emission test system. The vehicle emission test is gaining much boost due to strict government regulations regarding carbon footprint.
Based on the vehicle type, the global Automotive Test Systems market can be segmented into light commercial vehicle, heavy commercial vehicle, and passenger cars. The passenger cars segment is expected to draw substantial revenue due to its market proliferation.
Based on the application, the global Automotive Test Systems market can be segmented into PC/ laptop-based scan tool, handheld scan tool, mobile device-based scan tool, and others. The handheld scan tool segment is expecting growth in sales during the forecast period.
Several companies are getting involved in the global Automotive Test Systems market. Their strategic moves are inspiring their individual growth, as well as, impacting the market expansion from various sides. These companies are Honeywell International Inc. (U.S.), Delphi Automotive PLC (U.K.), ABB Ltd. (Switzerland), Teradyne Inc. (U.S.), Robert Bosch GmbH (Germany), Softing AG (Germany), Advantest Corp (Japan), Horiba Ltd. (Japan), Actia S.A. (France), and others.
Based on the region, MRFR segmented their report on the global Automotive Test Systems market by North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW). This analysis reveals the growth pockets that can impact the market considerably during the forecast period. At the same time, it eases the assessment process of the market by making the analysis more specific.
The APAC market has the upper-hand in the global Automotive Test Systems market. Efforts made by China to take on global leaders are providing much-thrust to the regional market. At the same time, several developing countries have provided alluring opportunities to market leaders to influence their expansion plans which has given rise to new manufacturing facilities.
Europe has the second-best market. The regional growth is a result of a well-structured automotive industry. The industry is benefitting from the presence of several market titans, such a Mercedes, BMW, Volkswagen, and others.
North American market is witnessing a surge in automobile industry which is directly responsible for the rising intake of the Automotive Test Systems market.
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