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Automotive Testing Market is anticipated to make inroads at a value CAGR of ~8% over 2019-2028. According to a study published by Insure Insights on the automotive testing market, the increasing number of road accidents, growing demand for automated and enhanced vehicles are augmenting demand of automotive testing.
Top Driver: Strict regulatory standards by regulators
Rising the attention of governments across the world to foist strict regulatory standards on the automotive industry has driven the growth of automotive testing. The testing market is pushed by the rigid regulatory laws for testing and certification by government authorities. The compulsion of periodic technical inspection (PTI) of vehicles by governments across the world, such as the US and Germany, generates great opportunities for the automotive testing market.
The pollution level of various countries has led the way too stringent emission norms, which drives the market for testing. Countries such as China are promoting electric vehicles to curb the pollution level.
The International standard-setting body made of a spokesperson from different national standards organization generalizes the different testing, inspection, and certification services in the International standard series ISO IEC 17000:2004.
PC/laptop based equipment to Make Crucial Contribution to Growth of Global Automotive Testing Market
Among application segments of the global automotive testing market, PC/laptop-based equipment is predicted to show significant growth in the future. PC/laptop-based equipment is used in the automotive diagnostic to calculate fuel efficiency, fetch plot and log sensor data and estimate horsepower and torque. The use of such equipment is increasing as they simplify the extraction of data from vehicle components.
Asia Pacific is the important market for Automotive Inspection
The Asia Pacific region has emerged as a center for automobile production and is expected to be an important market for automotive test equipment in the forecast period. The demand for a passenger car in the region is increasing owing to the growing purchasing power of the consumers has activated the demand for automobiles in the region. In addition to this, the presence of ride-sharing and car rental services is increasing, which is likely to increase demand for automotive vehicles in the region. Cost benefits for OEMs, low automobile penetration levels, and rising vehicle manufacturing offer good market return opportunities for automobile manufacturers and automotive components, suppliers. China, Japan, and other Asian countries are about to play a significant role in the growth of the market in Asia pacific.
Players to Focus on Expanding Automotive Testing market
The automotive testing market is anticipated to stay fragmented owing to the existence of different small and large players providing these services. It is expected to see the increment in the number of new entrants in the coming years on account of the rise in the necessity of testing in automobiles. The market is dominated by major players such as TUV SUD, DEKRA, SGS Group, Bureau Veritas Group, etc. The service providers are focusing on developing a large network of laboratories operating worldwide in order to meet the increasing demand for the quality of products.
TUV SUD : The leading German service provider has collaborated with SAE, CATRAC and SIAC to form an international alliance. It will expand and systematize the global standards of test methods and unvarying recognized standards for automated driving. TUV SUD has lately announced the Smart Elderly Care @Home Centre. It is answer to provide physical, operational system that is powerful, commutable, and pliable.
Applus Services S.A: It is present over 70 countries and has 350 offices and laboratories globally. The company’s Applus+ Automotive and Applus + IDIADA business arms play significant part in the automotive testing market. Applus+ has given a five year contract for providing of vender inspection services in UK.
DEKRA: During the ongoing COVID-19 pandemic, DEKRA is testing and assessing the mechanical ventilators to address the issue of its safety. Also, it has become the authorized test lab for ALEXA built in devices to address the issue of it accessibility. Expert organization in high-level UN-conference in Geneva has admired the DEKRA expertise on vehicle emissions. DEKRA has been authorized to test LTE CAT-M1 by cellular telecommunication industry association (CTIA).
Scope of the Report
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Key Reasons to Purchase this Report
Table of Content
Chapter 2 Our Research Practice
Chapter 4 Covid-19 Impact Analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Automotive Carbon Wheel Market Forces
5.2 Porter’s Five Forces Analysis
5.2.2 Threats From New Entrants
5.2.4 Threat From Substitute Product
Chapter 6 Global Automotive Carbon Wheel Market -Industry Snapshots
6.1.1 Global Automotive Carbon Wheel Market Value, 2019 – 2028, (US$ Bn)
6.2.2 Restraint/Challenges analysis
6.3 Supply Chain/Value Chain Analysis
Chapter 7 Global Automotive Carbon Wheel Market Analysis, by Material
7.2 Key Findings for Automotive Carbon Wheel Market- By Material
7.2.1 Automotive Carbon Wheel Market- Aluminum
7.2.2 Automotive Carbon Wheel Market- Steel wheels
7.2.3 Automotive Carbon Wheel Market- Magnesium
7.2.4 Automotive Carbon Wheel Market- Carbon fiber
Chapter 8 Global Automotive Carbon Wheel Market Analysis, by Product
8.2 Key Findings for Automotive Carbon Wheel Market- By Product
8.2.1 Automotive Carbon Wheel Market- Regular
8.2.2 Automotive Carbon Wheel Market- High Performance
Chapter 9 Global Automotive Carbon Wheel Market Analysis, by End User
9.2 Key Findings for Automotive Carbon Wheel Market- By End User
9.2.1 Automotive Carbon Wheel Market- OEM
9.2.2 Automotive Carbon Wheel Market- Aftermarket
Chapter 10 Automotive Carbon Wheel Market Analysis by Region
10.1 Key Findings for Automotive Carbon Wheel Market- By region
10.2.1 Global Automotive Carbon Wheel Market Analysis, By Material, 2019 – 2028
10.2.2 Global Automotive Carbon Wheel Market Analysis, By Product, 2019 – 2028
10.2.3 Global Automotive Carbon Wheel Market Analysis, By End User, 2019 – 2028
10.3 Automotive Carbon Wheel Market – North America
10.3.5 North America Market, By Material
10.3.6 North America Market, By Product
10.3.7 North America Market, By End User
10.4 Automotive Carbon Wheel Market – Europe
10.4.7 Europe Market, By Material
10.4.8 Europe Market, By Product
10.4.9 Europe market by, End User
10.5 Automotive Carbon Wheel Market – Asia Pacific
10.5.6 Asia Pacific Market, By Material
10.5.7 Asia Pacific Market, By Product
10.5.8 Asia Pacific Market, By End User
10.6 Automotive Carbon Wheel Market – SAMEA
10.6.2 Middle East & Africa (MEA)
10.6.5 South America, Middle East and Africa Market, By Material
10.6.6 South America, Middle East and Africa Market, By Product
10.6.7 South America, Middle East and Africa Market, By End User
Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
Chapter 12 Company Profiles- Snapshot
12.2 Superior Industries International
12.8 Zhejiang Wanfeng Auto Wheel
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
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