The global demand for Automotive Emission Test Equipment Market is presumed to reach the valuation of nearlyUSD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
Automotive emission test equipment is designed to measure exhaust emissions from engines in vehicles. These include opacity meters, smoke meters, and other equipment & accessories. These test equipment also help in reducing the emissions produced by passenger cars, LCVs, HCVs, and two-wheelers. Along with this, software and services are also available in the market for testing automotive emissions.
The increasing demand for automotive owing to rapid urbanization and industrialization is driving the market growth. Increasing adoption of automotive emission test equipment to ensure the overall efficiency, safety, performance, and functionality of vehicles is again boosting the market growth. Additionally, a rising environmental concern along with government regulation associated with automotive emission is further fuelling market growth. On the other hand, non-adherence to stringent vehicle emission testing norms may restrict the market growth. Whereas, technological advancements in automotive emission test equipment is anticipated to augment demand over the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of automotive emission test equipment.
The broad automotive emission test equipment market has been sub-grouped into product type and vehicle type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
By Vehicle Type
- Opacity Meters
- Smoke Meters
- Other Equipment & Accessories
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for automotive emission test equipment in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Automotive Emission Test Equipment Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the automotive emission test equipment market include ACTIA Group S.A., AVL LIST GmbH, CAPELEC, Delphi Automotive PLC, Gemco Equipment Ltd., HORIBA, Ltd., Opus Group AB, SGS SA, Sierra Instruments, Inc., TEXA S.p.A. and TÜV Nord Group. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.