DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/kwzz6x/automotive_test) has announced the addition of the "Automotive Test Equipment Market by Vehicle Type, Product, by Geography - Global Trends and Forecast to 2019" report to their offering.
The Automotive Test Equipment Market in terms of value is projected to grow $916.36 Million by 2019, at a CAGR of 4.2% from 2014 to 2019
The automotive industry is more inclined towards the quality aspect in order to sustain position in the highly competitive market. OEMs have to adhere to the environmental regulations owing to NOx and CO2 emissions and thus, emission tests along with vehicle performance tests have become an important part of vehicle testing.
The automotive test equipment has evolved from the need of quality tested vehicles in order to minimize defects and eventual failure. The major drivers for automotive test equipment market are increase in production capacity, growing demand for vehicle quality standards, and increase in awareness towards quality in developing countries.
In Europe and North America, the automotive test equipment market is matured as automotive testing has been practiced since long time. However, Eastern Europe and North American countries such as Mexico and Canada still have the potential market due to increasing production capacity and commissioning of new vehicle assembly plants. On the other hand, the automotive test equipment market of Asia-Pacific and RoW regions are growing significantly due to increase in number of vehicle assembly and engine plants with the growing demand for light and heavy vehicles in the countries such as China, India, South Korea, and Brazil.
The global market is dominated by major players such as Siemens AG (Germany), Honeywell International Inc (U.S.), Robert Bosch GmbH (Germany), Delphi Automotive LLP (U.K.), and ABB (Switzerland)
Key Topics Covered:
2 Research Methodology
3 Market Overview
4 Industry Trends
5 Executive Summary
6 Automotive Test Equipment Market, By Geogarphy
7 Automotive Test Equipment Market, By Product
8 Automotive Test Equipment Market, By Vehicle Type
9 Competitive Landscape
10 Company Profiles
- ABB Ltd
- Actia Automotive
- Delphi Automotive LLP
- Honeywell International Inc
- Horiba Ltd.
- Messring Systembau MSG GMBH
- Robert Bosch GMBH
- SGS S.A.
- Siemens AG
- Softing AG
For more information visit http://www.researchandmarkets.com/research/kwzz6x/automotive_test