Japan Automotive Test Equipment Market Size & Outlook
Japan automotive test equipment market, 2017-2027 (US$M)
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Japan automotive test equipment market highlights
- The Japan automotive test equipment market generated a revenue of USD 202.7 million in 2020 and is expected to reach USD 286.8 million by 2027.
- The Japan market is expected to grow at a CAGR of 5.1% from 2021 to 2027.
- In terms of segment, chassis dynamometer was the largest revenue generating product in 2020.
- Wheel Alignment Tester is the most lucrative product segment registering the fastest growth during the forecast period.
Automotive test equipment market data book summary
| Market revenue in 2020 | USD 202.7 million |
| Market revenue in 2027 | USD 286.8 million |
| Growth rate | 5.1% (CAGR from 2020 to 2027) |
| Largest segment | Chassis dynamometer |
| Fastest growing segment | Wheel Alignment Tester |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Chassis Dynamometer, Engine Dynamometer, Wheel Alignment Tester, Vehicle Emission Test System |
| Key market players worldwide | Bosch, Siemens AG, BorgWarner Inc, Continental AG, Honeywell International Inc, ABB Ltd, Horiba Ltd, SGS |
Other key industry trends
- In terms of revenue, Japan accounted for 8.6% of the global automotive test equipment market in 2020.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China automotive test equipment market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 656.6 million by 2027.
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Automotive Test Equipment Market Scope
Automotive Test Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 39.66% in 2020. Horizon Databook has segmented the Japan 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.
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Target buyers of Japan 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan automotive test equipment market , including forecasts for subscribers. This country databook contains high-level insights into Japan automotive test equipment market from 2017 to 2027, including revenue numbers, major trends, and company profiles.
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Japan automotive test equipment market size, by product, 2017-2027 (US$M)
Japan Automotive Test Equipment Market Outlook Share, 2020 & 2027 (US$M)
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