Global Automotive Test Equipment Market is accounted for $2.07 billion in 2017 and is expected to reach $3.45 billion by 2026 growing at a CAGR of 5.8%. Some of the prominent factors boosting the market growth increase in severe emissions norms to prevent ecological impact and technological advancements in automotive test equipment. However, the lack of a skilled workforce for advanced testing equipment is hampering the development of the market.
The market research report helps analyze the Automotive Test Equipment market on a global basis and also offers forecast and statistics in terms of revenue for the anticipated forecast period 2018 to 2026. This research study offers a detailed overview of the market dynamics that are expected to affect the overall industry in the coming few years.
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Further Based on the application, PC/Laptop based equipment are estimated to account for the largest market as Laptop based testing equipment is mainly a hardware and software package, covering all the essential cables, hardware, and software. The PC-based systems have characteristics such as the capability to plot and log sensor data, compute fuel efficiency, and approximate horsepower and torque. Also, many technicians prefer using PC/laptop based equipment for data mining and analysis from vehicle components.
By geography, the Asia Pacific region is approximated to account for the largest market size due to the growing acquisition power of customers has triggered the demand for automobiles in this region. Also, due to the availability of cheap labor and low making cost, many main OEMs have launched production plants in the region or united with major familial vehicle manufacturing companies.
Some of the key players in the Automotive Test Equipment market include Honeywell, Continental, Robert Bosch GmbH, Siemens AG, ABB Ltd., EM TEST GmbH, Moog, Inc., Presto StantestPvt. Ltd., Delphi Automotive PLC, Vector Informatik, Softing, Horiba, SGS, Sierra Instruments, Inc. and Yokogawa Corporation.
Reason to Buy
– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Automotive Test Equipment Market
– Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends in the Automotive Test Equipment Market, thereby allowing players to develop effective long term strategies.
– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Table of Contents
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Automotive Test Equipment Market, By Product
6 Global Automotive Test Equipment Market, By Offering
7 Global Automotive Test Equipment Market, By Vehicle Type
8 Global Automotive Test Equipment Market, By Product Type
9 Global Automotive Test Equipment Market, By Advanced Technology
11 Global Automotive Test Equipment Market, By Application
12 Global Automotive Test Equipment Market, By End-User
13 Global Automotive Test Equipment Market, By Geography
14 Key Developments
15 Company Profiling
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