The Automotive Test Equipment Global Market Report 2023, provides comprehensive information on the automotive test equipment market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Automotive Test Equipment Global Market Report 2023, the market size is expected to grow from $13.41 billion in 2022 to $14.4 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive test equipment market size is expected to grow to $19.26 billion in 2027 at a CAGR of 7.5%.
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The automotive test equipment market is segmented:
1) By Product Type: Chassis Dynamometer, Engine Dynamometer, Vehicle Emission Test system, Wheel Alignment Tester
2) By End User: Original Equipment Manufacturer (OEM) assembly plant, Original Equipment Manufacturer (OEM) R&D, technical center, Authorized Service Center
3) By Vehicle Type: Passenger Car, Commercial Vehicles
Asia-Pacific was the largest region in the automotive test equipment market in 2022.
The table of contents in TBRC’s automotive test equipment market report includes:
- Executive Summary
- Automotive Test Equipment Market Characteristics
- Automotive Test Equipment Market Trends And Strategies
- Automotive Test Equipment Market – Macro Economic Scenario
- Automotive Test Equipment Market Size And Growth
.
- Automotive Test Equipment Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Automotive Test Equipment Market
- Automotive Test Equipment Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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