According to The Business Research Company’s Automotive Chassis Dynamometer , The automotive chassis dynamometer market size has grown steadily in recent years. It will grow from <b>$0.2 billion in 2023 to $0.21 billion in 2024 at a compound annual growth rate (CAGR) of 3.4%. </b> The growth in the historic period can be attributed to increased urbanization and congestion in cities, rising consumer awareness, rise in disposable income, strong economic growth in emerging markets.
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The automotive chassis dynamometer market size is expected to see steady growth in the next few years. It will grow to <b>$0.24 billion in 2028 at a compound annual growth rate (CAGR) of 3.4%. </b> The growth in the forecast period can be attributed to rising population density, increasing use of automation and digitalization in rolling stock, sustainable energy integration, increased connectivity and iot integration. Major trends in the forecast period include all-wheel drive (awd) dynamometer testing, integration with vehicle dynamics control systems, electric and hybrid powertrain testing, portable and modular dynamometer designs, increased emphasis on emissions testing.The increasing manufacturing of automobiles is expected to drive the automotive chassis dynamometer market in the forecast period. Automotive chassis dynamometers are used in vehicles to measure torque and are also used to analyze various suspension problems, environmental performance, emission performance, and overall vehicle performance. The increasing automobiles manufacturing is expected to generate high demand for this test equipment. For instance, car manufacturing in India grew to 30.82 lakh units in 2021, compared to 24.33 lakh units in 2020. Hence, the increasing production of automobiles is expected to drive the market.
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The automotive chassis dynamometer market covered in this report is segmented –
1) By Product Type: Single Roller, Multi Roller
2) By Drive Type: All Wheel Drive Dyno, Two Wheel Drive Dyno
3) By Application: Light Commercial Vehicle, Heavy Commercial Vehicle, Passenger Vehicle, Racing VehicleMobile and portable chassis dynamometers are a key trend gaining popularity in the automotive chassis dynamometer market. Portable dynamometers allow users to perform environmental testing under real-world conditions and serve as an economical alternative to their sophisticated, in-house, testing facilities. For instance, in 2021, Vtechdyno, a UK-based automotive chassis dynamometer manufacturer launched new TractionBoost roller technology which provides up to twice the grip of previous roller technology. This advanced knurling is necessary to also measure up to electric and high-performance cars and supercars. The new design of doubled Gates toothed belt is standard on the EV+. It is crucial when measuring electric cars with vast torque.
The automotive chassis dynamometer market report table of contents includes:
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