Global Automotive Test Equipment Industry

Global Automotive Test Equipment Industry

  • September 2020 •
  • 267 pages •
  • Report ID: 5956033 •
  • Format: PDF
Global Automotive Test Equipment Market to Reach US$2.8 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Automotive Test Equipment estimated at US$2.2 Billion in the year 2020, is projected to reach a revised size of US$2.8 Billion by 2027, growing at a CAGR of 3.8% over the period 2020-2027.Passenger Cars, one of the segments analyzed in the report, is projected to grow at a 3.9% CAGR to reach US$1.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial Vehicles segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 34.9% share of the global Automotive Test Equipment market.

The U.S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 6.3% CAGR for the Period of 2020-2027

The Automotive Test Equipment market in the U.S. is estimated at US$631.9 Million in the year 2020. The country currently accounts for a 28.86% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$493.5 Million in the year 2027 trailing a CAGR of 6.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR while Rest of European market (as defined in the study) will reach US$493.5 Million by the year 2027.We bring years of research experience to this 8th edition of our report. The 267-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • ABB Group
  • ACTIA Group
    Em Test
  • Ampro Testing Machines
  • Autel
  • Avl List GmbH
  • Bosch Automotive Aftermarket
  • Continental AG
  • Delphi Auto Parts
  • Denso Corporation
  • DSA Daten
    und Systemtechnik GmbH
  • Fluke Corporation
  • Honeywell International, Inc.
  • Horiba Ltd.
  • Intertek Group PLC
  • MAHA Maschinenbau Haldenwang GmbH & Co. KG
  • Modern Testing Services (Global) Ltd
  • Moog, Inc.
  • NSM Solutions
  • PTM Electronics
  • Racelogic
  • Rohde & Schwarz GmbH & Co. KG
  • SGS SA
  • Siemens AG
  • Sierra Instruments, Inc.
  • Sinfonia Technology Co., Ltd.
  • Softing AG
  • Tuv Sud AG
  • Vector Informatik GmbH