Automotive Test Equipment Market Introduction:

Automotive test equipment market is expected to value over $2 billion by 2027 end and recording a CAGR of 3.75% during the forecast period 2020-2027.

Automotive Test Equipment is specific equipment used to check quality on automobiles and test the performance of vehicles. The oil consumption is also measured which checks the efficiency of the engine. The growth of the automotive sector contributes greatly to the growth and popularity of this market.  Automotive test equipment ensures quality in the manufacture of high-performance vehicles while meeting all safety needs. The equipment ensures safety as well and due to increasing consumer awareness, the need for safety drives the growth of this market.

With technological advances and improvements, the traditional original manufacturers are steadily accepting automotive test equipment, leading to lucrative trade opportunities.  Efforts to reduce toxic emissions of  COx and NOx, as well as strict regulations, drive the need for this market. 

The Asia- Pacific region is anticipated to dominate the global market due to the integration of advanced features in the automotive and the rise in demand. Europe is expected to be the second-largest automotive test equipment market in the foreseeable future. The rise in disposable income moulds the growth trajectory of the market in a favourable direction.

Significant players in the market are Robert Bosch GmbH (Germany), Honeywell International Inc. (U.S.), ABB Ltd. (Switzerland), Delphi Automotive PLC (U.K.).

Automotive Test Equipment Market: Segmentation:
By Vehicle Type
- Commercial Vehicle   
- Passenger Cars 

By Product Type 
- Vehicle Emission Test System  
- Wheel Alignment Test  
- Chassis Dynamometer  
- Engine Dynamometer

By Application
- PC/Laptop Based Equipment  
- Mobile/Tablet Based Equipment 

By End Market
- OEM R&D/Technical Center 
- OEM Assembly Plant 
- Authorized Service Centers 

By Region  
- Europe  
- North America  
- APAC  
- Latin America 
- Rest of the World

Competitive Landscape:  
- Tier 1 players- established companies in the market with a major market share  
- Tier 2 players 
- Emerging players which are growing rapidly 
- New Entrants 
 
FutureWise Takeaways:   
- Growth prospects  
- SWOT analysis 
- Key trends 
- Key data points affecting market growth

Objectives of the Study:
- To provide with an exhaustive analysis on automotive test equipment market by vehicle type, product type, application, end market, and region 
- To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 
- To evaluate and forecast micro-markets and the overall market  
- To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East 
- To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions 
- Profiling of companies to evaluate their market shares, strategies, financials and core competencies