Market Research Report
Global Automotive Emission Test Equipment Market Size study, by Solution, by Emission Equipment, and Regional Forecasts 2021-2027
|Global Automotive Emission Test Equipment Market Size study, by Solution, by Emission Equipment, and Regional Forecasts 2021-2027|
Published: September 7, 2021
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
Global Automotive Emission Test Equipment Market is valued approximately at USD 573.57 Million in 2020 and is anticipated to grow with a healthy growth rate of more than 4.40% over the forecast period 2021-2027. Automotive emission test equipment is used to test and check the viability of component as per the regulations and standards of the industry. Rising integration of electronic component in the vehicles, increasing government norms to curb the carbon emission and technological advancements in automotive emission test equipment are fueling growth in the market. For instance, in October 2020, Opus Inspection unveiled a new collision scanning solution, ScanSafe. ScanSafe is a comprehensive scanning solution that brings together OEM scanning, calibration, programming, aftermarket quick scanning, and live diagnostic support. Furthermore, research and development activities and rising sales of electric vehicles are expected to propel the demand for automotive emission test equipment. Such as, according to Statista, between 2020 to 2026, global electric vehicle market is expected to increase by four-fold to reach and estimated size of USD 725 billion by 2026. However, nonadherence to stringent vehicle emission testing norms by vehicle manufacturers may hamper the demand in coming years.
Europe is the leading region among Asia Pacific, North America, Europe, Latin America, and Rest of the World, owing to rising adoption of vehicle emission testing norms and strict regulations in the region. Asia Pacific is expected to grow at the fastest pace during forecast period, owing to growing urbanization and rising initiative for introducing and implementing vehicle emission norms.
Major market player included in this report are:
Gemco Equipment Ltd
TUV Nord Group
AVL LIST GmbH
Honeywell International Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Emission Test Equipment
Emission Test Software
Emission Test Services
By Emission Equipment:
Opacity Meters/Smoke Meters
Other Vehicle Emission Test Equipment/Components
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Automotive Emission Test Equipment Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
a. Market Snapshot
List of figures