Automotive Test Equipment Market are devices that are meant for adjusting the performance of a vehicle and ensuring proper quality checks as per the government automotive standards in vehicles. Such test equipments are used to check the engine oil consumption, engine wear, clogging and evaporation of after treatment systems, fuel dilution and lubrication aeration of vehicles. In addition, automotive test equipments are also used for testing the engine oil consumption, usage of lubricant and fuel, and hand brake tension.
The major types of automotive test equipments are wheel alignment tester, vehicle test system, engine dynamometer and chassis dynamometer. Wheel alignment tester is device which helps in adjusting the angle of wheels and ensuring that the wheels are parallel to each other and perpendicular to the ground. The adjustment and maintenance of wheel alignment is done as per the automobile standards. Such an adjustment is very vital for the proper functioning of the vehicle because it helps to reduce the wear and tear of tires and allows the vehicle to move straight. However, the alignment of automobiles for motorsport and off-road can be altered as per the required specifications beyond normal in order to have higher performance and control. Vehicle test systems is the most significant type of automotive test equipment. Such a systems helps to perform numerous test in vehicles such as endurance and performance test, functional tests on vehicle components such as cooling system, fuel system, brake system, heating/air conditioning system and electrics/electronics. In addition, emission and exhaust testing, injection tuning, fuel consumption testing, catalyzer and exhaust tuning, environmental tests, EMC and NVH tests are also performed by vehicle test systems. Moreover, vehicle test systems are able to simulate the driving experience of automobile users and conduct various tests economically and accurately.
The automotive test equipment market can be classified by type, by technology and by geography. The type segment can be classified into wheel alignment tester, vehicle test system, engine dynamometer and chassis dynamometer. By technology, the market can be bifurcated into mobile device based scan tool, PC/laptop based tool and handheld scan tool. By geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
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Increasing government emission norms coupled with increasing production of vehicles and growth in the automotive sector across the major countries of the world is propelling the growth of global automotive test equipment market. In addition, rising repair and maintenance standards of vehicles across the globe and increasing private equity investments in automotive test equipment manufacturing companies across the world is set to influence the growth of this market positively. Moreover, increasing downsizing of engine and demand for new segment of vehicles such as hybrid and electric vehicles are set to bolster the growth of automotive test equipment market globally. In terms of market revenue share, Asia Pacific is expected to hold the largest share by the end of forecast period followed by North America, Europe, Latin America and, Middle East and Africa.
The report also provides company market share analysis of the various industry participants. Acquisition is the main strategy being widely followed by leading market players. In case of an acquisition, the acquirer takes advantage of existing synergies. As a result, both companies are expected to emerge more profitable and stronger than before. Key players in the global automotive test equipment market have been profiled and their company overview, financial overview, business strategies and recent developments have been covered in the report. Major market participants profiled in this report include: Siemens AG, Robert Bosch GmbH, Honeywell Industrial Inc., Delphi Automotive PLC, ABB Ltd and Actia S.A. among others.
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