Latest Study on “Automotive Emission Test Equipment Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2027”.
The global Automotive Emission Test Equipment market size is expected to be worth around US$ 985 Million by 2027, according to a new report by Nova One Advisor .
The global Automotive Emission Test Equipment market size was valued at US$ 650 Million in 2020 and is anticipated to grow at a CAGR of 5.1% during forecast period 2021 to 2027.
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The demand for automotive emission test systems is estimated to increase owing to stringent regulations associated with vehicle exhaust emissions and soaring need for regular periodic technical inspections (PTI) that are aimed at regulating gaseous emissions from exhaust vehicles. Rising concerns to limit adverse environmental effects caused by passenger and light-duty vehicles are also expected to drive the automotive emission test equipment market over the forecast period.
The emission test equipment segment held the largest share in the automotive emission test system market in 2018. It is likely to maintain its dominance in through 2025, on account of surging demand for testing equipment worldwide, especially from automobile manufacturers. Furthermore, the emission test services segment in the automotive emission test system market is a developed business sector across the U.S. and EU member nations. The growth of the segment can be attributed to increasing demand for service centers owing to emission targets mentioned by governments of EU countries.
Opacity meter is a cost-effective device used to measure particulate matter in automotive exhaust systems. Surging demand for periodic technical inspections (PTI) to regulate release of harmful gases is one of the key factors propelling the market worldwide. Furthermore, increasing incorporation of opacity meters in inspection and maintenance programs is poised to boost the growth of the market.
Technological advancements in these systems such as portable emission measurement systems (PEMS), which are used to measure any type of particulate content on roads emitted from various vehicle exhaust systems, are also playing a pivotal role in the development of the market.
Highlights of the Report:
- The emission test software segment is anticipated to register considerable growth over the forecast period. The software is used to analyze and measure data conducted through various test & inspection system
- The demand for opacity meters/smoke meters is estimated to increase over the coming years, as these devices are used to measure optical properties of smoke emitted by diesel engines
- Europe was the highest revenue-generating regional market in 2020 owing to domicile of a large number of emission testing equipment manufacturers, software developers, and related service providers
- Some of the key participants in the vehicle emission test system market are SGS SA, Sierra Instruments, Inc., Gordon-Darby, Inc., Wager Company, and Applus+.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Automotive Emission Test Equipment market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
The Europe region dominated the market for automotive emission test equipment and accounted for over 34.1% of the global revenue share in 2020. Countries in the region such as the U.K., Germany, and the Netherlands are at the forefront to adopt vehicle emission testing norms and stringent rules and regulations, as prescribed by the European Union.
Asia Pacific is poised to post the highest CAGR during the forecast period. Increasing urbanization in this region is encouraging introduction and implementation of numerous initiatives, taken by regional countries aimed at regulating and monitoring vehicle exhausts. Besides, the region is transforming into the largest automobile manufacturing hub owing to low production costs of automobiles.
North America is likely to witness notable growth during the forecast period. Within the region, the U.S. is a major adopter and contributor to market growth on account of domicile of a large number of market players such as OEMs, software developers, and service providers.
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Recent report on the Automotive Emission Test Equipment market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Automotive Emission Test Equipment market analyzes the scenario for the period of 2017 to 2027, wherein, 2021 is the base year and 2020 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Automotive Emission Test Equipment market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.
The report analyzes the historical and present-day scenario of the global Automotive Emission Test Equipment market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Automotive Emission Test Equipment market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.
The report delves into the competition landscape of the global Automotive Emission Test Equipment market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Automotive Emission Test Equipment market that are profiled in this report.
Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Automotive Emission Test Equipment market is analyzed at both regional and country levels.
Some of the prominent players in the Automotive Emission Test Equipment Market include: Opus Inspection; Gemco Equipment Ltd; TÜV Nord Group; CAPELEC; HORIBA, Ltd.; Applus+; SGS SA; AVL LIST GmbH; TEXA S.p.A.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
- By Solution
- Emission Test Equipment
- Emission Test Software
- Emission Test Services
- By Emission Equipment
- Opacity Meters/Smoke Meters
- Other Vehicle Emission Test Equipment/Components
A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Automotive Emission Test Equipment market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Automotive Emission Test Equipment market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Key Questions are
- What are the key factors influencing the Automotive Emission Test Equipment market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Why should you invest in this report?
If you are aiming to enter the global Automotive Emission Test Equipment market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Automotive Emission Test Equipment are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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