Definition of the global automotive test equipment market
The performance of the automobiles is tested using the automotive test equipment. It is made up of all the tools and equipment used to test the performance and operations of the vehicle in order to look for flaws. They may now offer vehicles that are more efficient while still meeting all safety criteria. It is extensively used in the automobile sector.
Report Summary
The market for automotive test equipment was valued at USD 2.3 billion in 2019; from 2020 to 2027, it is anticipated to increase at a compound annual growth rate (CAGR) of 4.5%. The quality control tests are carried out using the automobile test equipment to assess and guarantee the cars’ efficient operation. Vehicle efficiency is maintained with the use of automotive test equipment, which is crucial for extending the lifespan of the vehicle. It is made up of all the tools and gadgets that are used to test the operation and performance of the vehicle in order to find any defects. This involves measuring the amount of engine oil consumed, the effect of lubricant aeration on handbrake tension, and other factors.
As electronic components are used in more and more advanced vehicles, the market for automotive test equipment is expanding. The demand for automotive test equipment is also being driven by rising auto production and a preference for electric automobiles. Due to increased worries about carbon emissions from traditional fuel-driven automobiles and other modes of transportation, the industry has moved its focus to electric and hybrid vehicles. Standards for fuel economy and emissions have played a significant role in raising customer awareness of electric vehicles. Governments of several countries throughout the world have set strict rules and guidelines for increasing fuel efficiency by lowering vehicle emissions.
An affordable tool for measuring the amount of particulate matter in vehicle exhaust systems is the opacity metre. One of the main drivers of the global market is the rising need for periodic technical inspections (PTI), which are used to control the emission of dangerous gases. The industry is also expected to develop as opacity metres are increasingly incorporated into inspection and maintenance plans. The development of the market is also being significantly influenced by technological improvements in these systems, such as portable emission measurement systems (PEMS), which are utilised to measure any kind of particulate material on highways released from different vehicle exhaust systems.
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Global Vehicle Inspection Equipment Market: Major Players
Wilna Interational
Assemblad
Qrotech
Cosber
Hunter Engineering Company
Jet Systems
ACTIA
Lawrence
Levanta
Global Vehicle Inspection Equipment Market: Types
Light Intensity Tester
Radiation Tester
Speedometer Tester
Break Speed Combination Tester
Digital Tyre Tread Depth Gauge
Global Vehicle Inspection Equipment Market: Applications
Heavy Vehicle
Small and Medium-sized Vehicle
Other
Dynamics of the Automotive Emission Test Equipment Market
Growing worries about the harmful impacts of passenger and light-duty cars on the environment are going to be the market’s main driver. Automobile manufacturers thus employ vehicle emissions test equipment to abide by the emission requirements. One of the main factors driving the expansion of automobile emission testing equipment is the rising demand for portable emission testing equipment as well as the rising use of inspection and maintenance systems. The market for automobile emission test equipment is experiencing substantial growth potential as a result of the increasing number of strict carbon dioxide emission rules and regulations. Due to the implementation of legislation to reduce emissions, nations including the United States, China, Japan, and Germany are expected to see an increase in the demand for automobiles.
Impact of COVID-19 on the Global Market for Automotive Emission Test Equipment
Globally speaking, COVID-19 has had a negative effect on the integrated automotive industry. The whole situation led to a decline in global demand for vehicles and the disruption of supply chains. Both businesses and customers are holding off on buying new cars as a result of the unstable economy.
The COVID-19 outbreak has also had an impact on the industry’s overall revenue from testing, certifying, and inspection services for automobiles. The major players in the sector are facing intense pressure following years of expansion. Research and development, manufacture, testing of new products, and regulatory approval are a few of the processes that have been significantly impacted by the epidemic.
