Automotive Test Equipment Market

The report on automotive testing equipment market provides qualitative as well as quantitative analysis in terms of market dynamics competition scenarios opportunity analysis market growth etc.

Automotive test equipment market.

The global automotive test equipment market size is expected to reach usd 3 2 billion by 2027 registering a cagr of 4 5 over the forecast period according to a new study conducted by grand view. The global automotive test equipment market size was valued at usd 2 3 billion in 2019 and is expected to register a compound annual growth rate cagr of 4 5 from 2020 to 2027. The global automotive emission test equipment market size was valued at usd 616 7 million in 2018 and is expected to grow at a compound annual growth rate cagr of 5 1 from 2019 to 2025. The automotive test equipment is used to perform quality control tests to evaluate and ensure effective performance of the vehicles.

The global automotive test equipment market is expected to expand at a cagr of around 4 7 during the forecast period 2016 2025 due to stringent government emission regulations co2 and nox and technological advancements. The report automotive test equipment market by product engine chassis and transmission dynamometer vehicle emission wheel alignment fuel injection pump tester end market vehicle application advance technology and region global forecast to 2025 the global automotive test equipment market size is projected to grow at a cagr of 4 1 from usd 3 0 billion in 2020 to reach usd 3 7. In an industry with high market competition it is. The automotive test equipment industry has seen an onslaught of company startups as well as upgrades and collaborations by established companies.

Automotive test equipment market. For the forecast year up to 2029.