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Global Automotive Dyno Market 2019-2023 | Increasing Vehicle Population Across Geographies to Boost Demand | Technavio

November 8, 2018

LONDON--(BUSINESS WIRE)--Nov 8, 2018-- analysts forecast the global automotive dyno market to grow at a CAGR of over 3% during the forecast period, according to their latest market research report.

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Technavio analysts forecast the global automotive dyno market to grow at a CAGR of over 3% during the forecast period, 2019-2023. (Graphic: Business Wire)

Cold and hot engine tests being performed to analyze complete engine performance is one of the major trends being witnessed in the . 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.

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According to Technavio analysts, one of the key factors contributing to the growth of the global automotive dyno market is the increasing vehicle population across geographies:

Global automotive dyno market: Increasing vehicle population across geographies

The automotive industry is witnessing favorable conditions across multiple geographies. Vehicle production numbers, including passenger cars and commercial vehicles, stood around 101.04 million units in 2018, and this is expected to reach some 117.02 million units by 2023. In terms of production and consumption, APAC is the fastest-growing vehicle market. Therefore, the enhancement of existing production facilities in the region and the rapid increase in new ones will drive the global automotive dyno market.

According to a senior analyst at Technavio for research on automotive components, “APAC has the highest number of car buyers, making it the dominant automotive industry market. The region is expected to grow at a higher rate in terms of vehicle production numbers including both passenger cars and commercial vehicles.”

Global automotive dyno market: Segmentation analysis

The global automotive dyno market research report provides market segmentation by type (chassis dyno and engine dyno) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The chassis dyno segment held the largest market share in 2018, accounting for nearly 83% of the market. This type segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2018 with a market share of nearly 60%. This region is expected to dominate the market through 2023, with an increase in its market share by nearly 2%.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

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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View source version on businesswire.com:https://www.businesswire.com/news/home/20181108005748/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AFRICA MIDDLE EAST

INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES GENERAL AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 11/08/2018 12:38 PM/DISC: 11/08/2018 12:38 PM

http://www.businesswire.com/news/home/20181108005748/en

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