Global Automotive Dyno Market 2019-2023 - Market to Register a Revenue of Close to USD 1.2 Billion - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 13, 2018--The “Global Automotive Dyno Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The global automotive dyno market will register a revenue of close to USD 1.2 billion during the period 2019-2023.
Global Automotive Dyno Market 2019-2023 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one driver in the market is increasing growth rates in APAC. The high growth rates witnessed in APAC signal a huge opportunity for automotive players. India and China will continue to remain key target markets for them during the forecast period given high consumption of vehicles in the two countries. India adopted Euro 4-equivalent emission standards, the Bharat Stage IV, in 2017.
One trend in the market is 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 (as per actuals for Jan-Aug 2018. and estimated for Sep-Dec 2018), and this is expected to reach some 117.02 million units by 2023 at a CAGR of 2.98%
Further, the report states that one challenge in the market is capital-intensive nature of testing facilities and dynamometer machines. Dyno machines and setup (test cells) are considered capital-intensive. The average price of an engine/chassis dynamometer machine is around $75,000. Moreover, setting up a testing facility is more expensive. The capital intensity of dynamometers makes them a huge investment for testing service providers.
Key questions answered in this reportWhat will the market size be in 2023 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space?
Market driversIncreasing vehicle population across geographies Capital-intensive nature of testing facilities and dynamometer machines Increasing growth rates in APAC
Key vendorsAVLLIST HORIBA Meidensha Power Test
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 04: MARKET SIZINGMarket definition Market sizing 2018 Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 06: MARKET SEGMENTATION BY TYPEMarket segmentation by type Comparison by type Chassis dyno - Market size and forecast 2018-2023 Engine dyno - Market size and forecast 2018-2023 Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPEGeographic segmentation Geographic comparison APAC - Market size and forecast 2018-2023 Americas - Market size and forecast 2018-2023 EMEA - Market size and forecast 2018-2023 Key leading countries Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGESMarket drivers Market challenges
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPEOverview Landscape disruption
PART 13: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors AVL LIST HORIBA Meidensha Power Test SAKOR Technologies Taylor Dynamometer
PART 14: APPENDIX
For more information about this report visit https://www.researchandmarkets.com/research/cdj8ck/global_automotive?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181113006076/en/
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Related Topics:Automotive Manufacturing
INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING
SOURCE: Research and Markets
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PUB: 11/13/2018 01:49 PM/DISC: 11/13/2018 01:49 PM