The global dynamometer market is expected to grow at a high CAG. A dynamometer is an electromechanical instrument used for measuring force, a moment of force (torque), or power. Dynamometer products and services are widely applied in several industries to measure and calculate the power of components such as turbines, compressors, pumps, generators, motors, engines, power trains. They also help in measuring the real-time performance of such heavy machinery in the form of engine dynamometers. Dynamometers are used to deliver simulated road loading of either the engine or full powertrain in standard emissions testing cycles. Besides simple power and torque measurements, dynamometers are also used as part of testing equipment for various engine development activities.

Top Driver: Demand foe Eco-friendly Power Source and Rising Demand in Medical Sector

The demand for clean and environmentally friendly power sources such as wind necessitates massive generators and turbines to produce power at a vast level requires integrated dynamometers to calculate the torque and power output, thereby driving the market. Additionally, the use of force plates and multi-component dynamometers for axial pressure calculations in cutting tool business has witnessed growth due to recent developments in technology. Moreover, rising demand in medical sectors for treating wounded bones and muscles using dynamometers to calculate patients’ muscle grip and strength has driven the global dynamometer market.

Automotive Industry to Make Crucial Contribution to Growth of Global Dynamometer Market

On the basis of end use the market is segmented into Automotive Industry, Healthcare Industry, Manufacturing Industry, Energy and Power Industry. Automotive industry is expected to witness high growth in the market owing to the wide use of dynamometers in automotive. On the basis of product type Chassis Dynamometers, Engine Dynamometers, Medical Dynamometers. The engine dynamometers to surge the market towards growth in the forecast period.

Rising Demand For Restoration Of Vehicles to Benefit Europe Market

Europe is anticipated gain the maximum market share in the dynamometer products & services market followed by North America and Asia Pacific. Asia Pacific is among the highest growing market owing to the presence of major developing nations such as India and China. The increase in the renovation of the vehicles in the European market is anticipated to help the industry gain significant shares in the forecast period.

Players to Focus on Dynamometer Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Dyno One, Inc., Aw Dynamometer, Inc., Dynapro, Dynamometer Ltd, Dynocom Industries Inc., Dyno Dynamics Taylor Dynamometer, Inc., Froude, Inc., HITEC Sensor Developments, Inc., Magtrol, Inc., and Mustang Dynamometer among others could be at the forefront of the competition in the global market.

Power Test Inc.: In April 2020, Power Test Inc., a dynamometer and test system manufacturer located in Sussex, Wisconsin, had acquired the assets of DynoMite Dynamometer, a 44-year-old business located in Manchester, New Hampshire. This acquisition comes on the heels of Power Test acquiring, moving and integrating another longtime competitor, SuperFlow Technologies, formerly of Des Moines, Iowa.

TKO Miller: In June 2020, TKO Miller announced that Power Test Inc., an industry leader in the design, manufacture, and sale of dynamometers had acquired Taylor Dynamometer, Inc., a designer and manufacturer of market-leading engine, chassis, and towing dynamometers, as well as hydraulic test centers and controls.

Scope of the Report

By Product Type

• Chassis Dynamometers
• Engine Dynamometers
• Medical Dynamometers

By End-User

• Automotive Industry
• Healthcare Industry
• Manufacturing Industry
• Energy and Power Industry

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.