LONDON--(BUSINESS WIRE)--The automotive dyno market is expected to grow by USD 172 million during 2019-2023 according to the latest market research report by Technavio. Request a free sample report
The automotive industry is witnessing favorable conditions across multiple geographies. Vehicle production numbers, including passenger cars and commercial vehicles, stood at around 101.04 million units in 2018, and this is expected to reach approximately 117.02 million units by 2023. In terms of production and consumption, APAC is the fastest-growing vehicle market. The region has the highest number of car buyers, making it the dominant automotive industry market. APAC is expected to grow at a higher rate in terms of vehicle production numbers including both passenger cars and commercial vehicles. Therefore, the increase in vehicle production across geographies will drive the global automotive dyno market.
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As per Technavio, the cold and hot engine tests done to analyze complete engine performance will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2019-2023.
Automotive Dyno Market: Cold and Hot Engine Tests Done to Analyze Complete Engine Performance
Cold and hot engine tests being performed to analyze complete engine performance is one of the major trends being witnessed in the global automotive dyno market. Complete powertrain final tests for engines, axles, and transmission are being developed to ascertain the performance of a powertrain. Hot and cold engine tests are conducted to analyze the performance of an engine in various circumstances. The test benches (dynamometers) used for powertrain testing are being developed constantly to accommodate certain component level tests such as engine tests. This is expected to drive the automotive dyno market during the forecast period.
“Other factors such as the development of computer and IT-enabled powertrain testing systems and development of engine torque pulsation simulation (ETPS) dynamometer in emerging economies will have a positive impact on the growth of the automotive dyno market during the forecast period,” says a senior analyst at Technavio.
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Automotive Dyno Market: Segmentation Analysis
This market research report segments the automotive dyno market by end-user (chassis dyno and engine dyno), and geographic segmentation (APAC, EMEA, and Americas).
The APAC region led the automotive dyno market in 2018, followed by the Americas and EMEA. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as the rise in the urban population, and the substantial growth of the automotive industry in the region.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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