Automotive Test Equipment Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The size of the automotive test equipment market is expected to grow at a CAGR of 4% over the forecast period, from an estimated 2021 to $30 billion by 2028 to reach $3.7 billion. The automotive industry is witnessing a continuous increase in the integration of electronic architecture into automobiles. Automotive test equipment is mainly used to run quality control tests to ensure effective vehicle performance. Automotive test rigs are used to test hand brake tension, the interaction between fuel and lubricants, and their effect on engine oil consumption. Automotive test equipment plays an important role in improving the overall life of a vehicle as it helps maintain the efficiency of the vehicle’s overall performance.

 

Company Profile

• Bosch
• Siemens
• Delphi Technologies
• Continental
• Honeywell
• ABB
• Softing

 

Market Segmentation

By Vehicle type

• Passenger Car
• Commercial Vehicle

By Product type

• Chassis dynamometer
• Engine dynamometer
• Vehicle emission test system
• Wheel alignment tester
• Fuel injection pump tester
• Transmission dynamometer

By End Type

• OEM assembly plant
• OEM R&D/ technical center
• Authorized service center

 

Scope of the Report

The research study analyzes the Automotive Test Equipment Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Automotive Test Equipment Market Report

 

1. What was the Automotive Test Equipment Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Automotive Test Equipment Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Automotive Test Equipment Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.