Automotive Test Equipment Market is Expected to Reach $1150 Million, Globally, by 2023 by Planet Market Reports
Automotive Test Equipment Automotive Testing Equipments Consumption Market | Forecast 2018-2023
In this report, Planet Market Reports covers the present scenario with the base year being 2017 and the growth prospects of global Automotive Test Equipment Automotive Testing Equipments market for 2018-2023.
Automotive Testing Equipment is very important in the development and production of vehicles. To make sure cars live up to the consumers standards, automotive manufacturers test their cars in certain environment. The idea behind car testing is that it allows manufacturers to work out all the kinks and potential problems of a model before it goes into full production.
In this report, Automotive Testing Equipment mainly refers to four kinds, chassis dynamometer, engine dynamometer, vehicle emission test system and wheel alignment tester.
In the last several years, the global automotive testing equipment market enjoyed a fast develop speed, with an average production growth rate about 5.88%. In 2017, the global automotive testing equipment market is 794 million USD and the actual sales may be 36.5 K units.
In the consumption market, Europe and North America are also the largest markets, due to developed automotive industries and mature automotive market. With fast growing of automotive production and more and more manufacturers building plants in China, China is becoming a more and more important market.
Segmented by the product type, Chassis Dynamometer represent more than half market in 2017. followed Chassis Dynamometer, Engine Dynamometer market account for nearly 25% in 2017.
Over the next five years, Planet Market Reports projects that Automotive Test Equipment Automotive Testing Equipments will register a 6.3% CAGR in terms of revenue, reach US$ 1150 million by 2023, from US$ 790 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Test Equipment Automotive Testing Equipments market by product type, application, key manufacturers and key regions.
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To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Chassis Dynamometer
Engine Dynamometer
Vehicle Emission Test System
Wheel Alignment Tester
Segmentation by application:
OEM
Aftermarket
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
HORIBA
Bosch
Siemens
AVL List
ABB
Meidensha
ACTIA
MTS
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Automotive Test Equipment Automotive Testing Equipments consumption value & volume by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Automotive Test Equipment Automotive Testing Equipments market by identifying its various subsegments.
Focuses on the key global Automotive Test Equipment Automotive Testing Equipments manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Test Equipment Automotive Testing Equipments with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Automotive Test Equipment Automotive Testing Equipments submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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