Global Automotive Test Equipment Market Size & Outlook
Global automotive test equipment market, 2017-2027 (US$M)
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Global automotive test equipment market highlights
- The global automotive test equipment market generated a revenue of USD 2,366.1 million in 2020 and is expected to reach USD 3,214.6 million by 2027.
- The market is expected to grow at a CAGR (2021 - 2027) of 4.5% by 2027.
- In terms of segment, chassis dynamometer accounted for a revenue of USD 921.9 million in 2020.
- Wheel Alignment Tester is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2020.
- Country-wise, Mexico is expected to register the highest CAGR from 2021 to 2027.
Global data book summary
| Market revenue in 2020 | USD 2,366.1 million |
| Market revenue in 2027 | USD 3,214.6 million |
| Growth rate | 4.5% (CAGR from 2020 to 2027) |
| Largest segment | Chassis dynamometer |
| Fastest growing segment | Wheel Alignment Tester |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Chassis Dynamometer, Engine Dynamometer, Wheel Alignment Tester, Vehicle Emission Test System |
Other key industry trends
- In terms of revenue, the North America accounted for 18.5% of the global automotive test equipment market in 2020.
- By country, the China is projected to lead the global market in terms of revenue in 2027.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 74.9 million by 2027.
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Automotive Test Equipment Market Scope
Automotive Test Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automotive test equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive test equipment market will help companies and investors design strategic landscapes.
Chassis dynamometer was the largest segment with a revenue share of 38.96% in 2020. Horizon Databook has segmented the Global automotive test equipment market based on chassis dynamometer, engine dynamometer, wheel alignment tester, vehicle emission test system covering the revenue growth of each sub-segment from 2017 to 2027.
- Global Automotive Test Equipment Product Outlook (Revenue, USD Million, 2017-2027)
- Chassis Dynamometer
- Engine Dynamometer
- Wheel Alignment Tester
- Vehicle Emission Test System
- Global Automotive Test Equipment Vehicle Type Outlook (Revenue, USD Million, 2017-2027)
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Global Automotive Test Equipment Application Outlook (Revenue, USD Million, 2017-2027)
- Handheld Scan Tool
- Mobile Device-Based Scan Tool
- PC/Laptop-Based Scan Tool
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Target buyers of Global automotive test equipment market databook
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Our clientele includes a mix of automotive test equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global automotive test equipment market , including forecasts for subscribers. This global databook contains high-level insights into Global automotive test equipment market from 2017 to 2027, including revenue numbers, major trends, and company profiles.
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Global automotive test equipment market size, by regions, 2017-2027 (US$M)
Top 10 countries: Automotive test equipment market size, 2020 (US$M)
Global automotive test equipment market share, by product, 2020 & 2027 (%, US$M)
Automotive test equipment market: Opportunity assessment by country
Global automotive test equipment market, by region, 2020 (US$M)
| Product | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 392.1 | 406.4 | 421.5 | 437.0 | 453.3 | 471.2 | 490.9 | 513.2 | 537.6 | 564.0 | 592.1 | 4.4% |
| Europe | 525.7 | 541.1 | 557.4 | 573.9 | 591.4 | 610.5 | 631.8 | 656.0 | 682.5 | 711.1 | 741.6 | 3.7% |
| Asia Pacific | 857.3 | 898.0 | 941.3 | 986.0 | 1,033.9 | 1,085.9 | 1,143.4 | 1,207.9 | 1,278.7 | 1,355.7 | 1,438.6 | 5.5% |
| Latin America | 217.0 | 221.6 | 226.5 | 231.7 | 236.6 | 242.3 | 248.7 | 256.2 | 264.5 | 273.4 | 282.9 | 2.9% |
| MEA | 128.5 | 131.6 | 134.6 | 137.5 | 140.3 | 143.1 | 146.1 | 149.5 | 152.9 | 156.2 | 159.5 | 2.1% |
| Overall | 2,120.5 | 2,198.8 | 2,281.4 | 2,366.1 | 2,455.4 | 2,552.9 | 2,660.9 | 2,782.8 | 2,916.0 | 3,060.4 | 3,214.6 | 4.5% |
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