Friday, August 10, 2018
New report | Global Automotive Test Equipment Market| Analysis and Forecast to 2026
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According to a new market report published by
Credence Research Inc “Automotive
Test Equipment Market - Growth, Share, Opportunities, Competitive
Analysis, and Forecast 2016 - 2022,” the global Automotive Test Equipment
Market is expected to grow at a CAGR of 6.25% between 2016 and 2023 to reach
US$ 675 Mn by 2023.
The market for automotive test equipment is
expected to witness significant growth with increasing production of motor
vehicles. In addition, introduction of stringent emission and vehicle repair
and maintenance regulations is also expected to support the growth of
automotive test equipment market particularly in developed regions. In emerging
economies increasing vehicle fleet, expansion of automotive production
facilities and rising number of independent vehicle services stations and
workshops.
Full Report is Available
at https://www.credenceresearch.com/report/automotive-test-equipment-market
The automotive test equipment market is
segmented into engine dynamometer, chassis dynamometer, vehicle emission test
system and wheel alignment tester. In 2015, chassis dynamometer accounted for
the largest revenue share. This segment is expected to maintain its dominating
position with increasing installation at vehicle manufacturing plants and
testing facilities. The emission test equipment segment is predicted to witness
fastest growth with introduction of stringent vehicle emission control
regulations across the world.
The report also classifies automotive test
equipment into handheld scan tool, mobile device-based scan tool and
PC/laptop-based scan tool. The handheld scan tool segment accounted for the
largest market share in overall automotive test equipment market by
application. Mobile-device based scan tool are gaining popularity in developed
regions and is expected to witness fastest growth as vehicle manufacturers are
introducing advanced vehicles equipped with user friendly diagnostics and
analyzing solutions.
In 2015, Asia Pacific is the largest as well
as the fastest growing regional market in the global automotive test equipment
market. Rising expansion of automotive manufacturers particularly in India and
China is expected spur this market growth through the forecast period. North
America and Europe are also expected to witness significant growth due to
increasing vehicle fleet and stringent vehicle emission regulations. Russia,
Japan, Brazil, South Africa, Southeast Asia, GCC countries and Australia are
some other major markets for automotive test equipment predicted to witness
considerable growth with rising vehicle demand in these markets.
The global automotive test equipment industry
comprises large number of recognized multinational players. Some recognized
players in the global automotive industry include Siemens AG, Robert Bosch
GmbH, Honeywell Industrial Inc., Delphi Automotive PLC, ABB Ltd, Softing AG,
SGS S.A, Horiba Ltd., AVL List GmbH and Actia S.A.
Why buy this report?
1. The report
identifies and addresses key markets for automotive
test equipment market, which
would help manufacturers review the growth in demand.
2. The report helps
system providers understand the pulse of the market and provide insights into
drivers, restraints, opportunities, and challenges.
3. The report will
help key players understand the strategies of their competitors better and will
help in making strategic decisions.
Request Sample: https://www.credenceresearch.com/sample-request/58004
Full Report is Available
at https://www.credenceresearch.com/report/automotive-test-equipment-market
Related Reports:
About Us
Credence Research is a worldwide market research and
counseling firm that serves driving organizations, governments, non-legislative
associations, and not-for-benefits. We offer our customers some assistance with
making enduring enhancements to their execution and understand their most imperative
objectives. Over almost a century, we've manufactured a firm extraordinarily
prepared to this task.
Digital Journal: http://www.digitaljournal.com/pr/3851399
Contact Us:
Credence
Research Inc.
105 N 1st ST #429
SAN JOSE
CA 95103
United States
105 N 1st ST #429
SAN JOSE
CA 95103
United States
Toll Free (US/CANADA):
+1-800-361-8290
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