Global Automotive Test Equipment Market Size & Outlook
The automotive test equipment industry worldwide is expected to reach a projected revenue of US$ 3,214.6 million by 2027. A compound annual growth rate of 4.5% is expected of the worldwide automotive test equipment industry from 2021 to 2027.
Revenue, 2020 (US$M)
$2,366.1
Forecast, 2027 (US$M)
$3,214.6
CAGR, 2021 - 2027
4.5%
Report Coverage
Worldwide
Global automotive test equipment market, 2017-2027 (US$M)
Related Markets
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 segmentation & 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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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.
Partial client list
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)
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