Automotive Test Equipment Market industry forecast to 2024 scrutinized in new research

Zion Market Research, the market research group announced the analysis report titled  ‘Automotive Test Equipment Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’

Global Automotive Test Equipment Market: Overview

Automotive test equipment is mainly used to execute quality tests and adjust vehicle performance. These test equipment measure engine oil consumption, engine wear, fuel dilution and evaporation, lubricant aeration, and clogging of after-treatment systems. Automotive test equipment tests the impact on handbrake tension, interaction between fuel and lubricant, and engine oil consumption. These equipment are used as the vehicle emission test system, impact testers, engine dynamometer, fogging testers, wheel alignment tester, fatigue testing, chassis dynamometer, and tire plunger testers.

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Global Automotive Test Equipment Market: Growth Factors

The automotive test equipment provides some of the advantages that control stability of the vehicle and proficient in offering riding comfort; this is projected to propel the global automotive test equipment market growth. The growth in the global automotive test equipment market is expected to fuel within the forecast period Owing to the original equipment manufacturers focusing on enhancing technology advancement in the automotive test equipment. Moreover, strict regulations put by the government regarding NOX and CO2 emissions further fuels the global market.

Global Automotive Test Equipment Market: Segmentation

The global automotive test equipment market is bifurcated on the basis of product, types of vehicle, and geography. Based on the product, the global market is fragmented as chassis dynamometer, vehicle emission test system, engine dynamometer, and wheel alignment tester. The global automotive test equipment market is further segmented based on types of vehicle as commercial vehicles and passenger vehicles. Geographically, the global automotive test equipment market is divided as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Global Automotive Test Equipment Market: Regional Analysis

Increasing demand in the Asia Pacific region for automotive test equipment is anticipated to boost the global automotive test equipment market in future. The Middle East & Africa also show significant growth in the global market. Countries such as Canada and the U.S are showing considerable growth in the global market. Asia Pacific is significantly growing and grabbing higher market share in the global market. Automotive test equipment’s accelerating demand from countries such as China and India, this is anticipated to fuel the global market for automotive test equipment in future. Moreover, Asia Pacific has become low-cost production destination, as many original equipment manufacturers have shifted their manufacturing base to this region. Asia Pacific is emerging as the major niche market for automotive test equipment owing to increasing manufacturing plants. This is anticipated to propel the global automotive test equipment market growth.

Global Automotive Test Equipment Market: Competitive Players

Key players influencing the global automotive test equipment market are Siemens AG, Robert Bosch GmbH, Action S.A., Honeywell Industrial Inc., Delphi Automotive PLC, ABB Ltd., and others.

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Automotive Test Equipment Market by Regional Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa

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Post Author: Ravi Mandalia

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