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Global Automotive Testing Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028

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Global Automotive Testing Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028

Global Automotive Testing Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028

  • Published Date: 12 Jan 2020
  • Report ID: Auto&T 002
  • Pages:162
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

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

By Application:

  • Mobile device based equipment
  • PC/laptop based equipment

By Vehicle Type:

  • Passenger Car
  • Commercial Vehicle

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

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.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Automotive Carbon Wheel Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Automotive Carbon Wheel Market -Industry Snapshots

6.1             Overview

6.1.1          Global Automotive Carbon Wheel Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Automotive Carbon Wheel Market Analysis, by Material

7.1             Overview

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

8.1             Overview

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

9.1             Overview

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           Overview

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

10.3.1       Overview

10.3.2       U.S.

10.3.3       Canada

10.3.4       Mexico

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

10.4.1       Overview

10.4.2       Germany

10.4.3       United Kingdom

10.4.4       France

10.4.5       Italy

10.4.6       Rest Of 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

10.5.1       Overview

10.5.2       China

10.5.3       Japan

10.5.4       India

10.5.5       Rest of APAC

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

10.6.1       Overview

10.6.2       Middle East & Africa (MEA)

10.6.3       South America

10.6.4       Rest Of World

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

11.1.3       Recent Developments

Chapter 12       Company Profiles- Snapshot

12.1           Iochpe-Maxion

12.1.1       Business Fundamentals

12.1.2       Financial Snapshots

12.1.3       Product Portfolio

12.1.4       Recent Developments

12.2           Superior Industries International

12.3           Accuride Corporation

12.4           Steel Strips Wheels

12.5           Hitachi Metals

12.6           Enkei

12.7           Citic Dicastal

12.8           Zhejiang Wanfeng Auto Wheel

12.9           Borbet

12.10        Mangels Industrial

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13       Appendix

 

 

 

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