Mexico Automotive Test Equipment Market Size & Outlook
Mexico automotive test equipment market, 2017-2027 (US$M)
Related Markets
Mexico automotive test equipment market highlights
- The Mexico automotive test equipment market generated a revenue of USD 64.9 million in 2020 and is expected to reach USD 74.9 million by 2027.
- The Mexico market is expected to grow at a CAGR of 2.1% 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 64.9 million |
| Market revenue in 2027 | USD 74.9 million |
| Growth rate | 2.1% (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, Mexico accounted for 2.7% 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 Latin America, Brazil automotive test equipment market is projected to lead the regional market in terms of revenue in 2027.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 109.6 million by 2027.
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Automotive Test Equipment Market Scope
Automotive Test Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 38.06% in 2020. Horizon Databook has segmented the Mexico 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 Mexico 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 Mexico automotive test equipment market , including forecasts for subscribers. This country databook contains high-level insights into Mexico automotive test equipment market from 2017 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico automotive test equipment market size, by product, 2017-2027 (US$M)
Mexico Automotive Test Equipment Market Outlook Share, 2020 & 2027 (US$M)
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