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Automotive Test Equipment Market to Hit $916.36 Million by 2019

The Automotive Test Equipment Market in terms of value is projected to grow $916.36 Million by 2019, at a CAGR of 4.2% from 2014 to 2019.

 

Dallas, TX -- (SBWIRE) -- 10/20/2014 -- The report “Automotive Test Equipment Market by Vehicle Type (Light Vehicles, Heavy Vehicles), Product (Engine Dynamometer, Chassis Dynamometer, Vehicle Emission Test System, Wheel Alignment Tester), by Geography - Global Trends and Forecast to 2019” defines and segments the automotive test equipment market with analysis and forecasting of the global volume and value.

Browse 81 market data tables with 54 figures spread through 250 pages and in-depth TOC on "Automotive Test Equipment Market - Global Trends and Forecast to 2019"

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Asia-Pacific: Prospective market and growing at a significant rate

The Asia-Pacific region comprises countries such as China, India, South Korea, and Japan. The region is dominated by developing countries such as India and China where the automotive industry is growing at a faster pace. Increasing number of vehicle manufacturing facilities due to low cost of production in developing countries, increasing production capacity and growing demand forlight and heavy vehiclesis driving the market for automotive test equipment in these countries. The automotive test equipment market ofthe Asia-Pacific region is projected to grow at a CAGR of 4.6%from 2014 to 2019.

Europe: Eastern Europe would be upcoming market

Western Europe is a matured market for automotive test equipment.Europe is a major hub of many renowned OEMs which are known for delivering quality and high performance vehicle.As Western Europe is adeveloped market,the OEMs are planning to build engine and assembly plants in Eastern Europe which will foster the demand for automotive test equipment in Europe. The European automotive test equipment market is projected to grow at a CAGR of 2.8% from 2014 to 2019.

North America: Mexico would emerge as a growing automotive hub

The North America region comprises countries such as the U.S., Canada, and Mexico which is also a matured market for automotive test equipment. The OEMs in North America always focus on efforts to improve the production quality to deliver a quality product. Also, strict emission norms regarding CO2, NOx emissions are the factors contributing to the overall demand of automotive test equipment in North America. Furthermore, many OEMs are planning to set up engine and assembly plants in Mexico and Canada which in turn increase the demand for automotive test equipment. The North American automotive test equipment market is projected to grow at a CAGR of 4.4% from 2014 to 2019.

The report covers the global automotive test equipment market in terms of volume (number of units) andvalue ($million) across regions such as Asia-Pacific, Europe, North America and Rest of the World (RoW). It explains qualitative and quantitative aspects of automotive test equipment. The report briefly explains the automotive test equipment market on the basis of geography, product, and vehicle type from 2014 to 2019.

The report also shows an overview of the technical as well as other important aspects of the automotive test equipment market. It includes analysis of value chain, Porter’s five forces analysis, PESTLE analysis, the competitive landscapes, and company profiles. In addition to this 10 key players of the automotive test equipment industry have also been profiled.

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