APAC to Dominate the Automotive Transmission Dynamometer Market | Technavio

18-Nov-2017 Intellasia | BusinessWire | 1:43 AM Print This Post

LONDON–(BUSINESS WIRE)–#Automotive–The latest market research report by Technavio
on the global
automotive transmission dynamometer market
predicts a CAGR of more
than 29% during the period 2017-2021.


The report segments the global automotive transmission dynamometer
market by geography, including the Americas, EMEA, and APAC. It provides
a detailed illustration of the major factors influencing the market,
including drivers, opportunities, trends, and industry-specific
challenges.

Here are some key findings of the global automotive transmission
dynamometer market, according to Technavio
automotive
researchers:

  • Increasing vehicle population and rapid growth in APAC: a major market
    driver
  • Potential increase in HEV and EV population to impact dynamometer
    testing
  • In 2016, APAC held the largest market share of close to 52%, followed
    by the Americas and EMEA
  • SuperFlow Dynamometers & Flowbenches, Meidensha, HORIBA MIRA, SAKOR
    Technologies, Taylor Dynamometer, and Power Test are the key vendors

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only:
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market snapshot before purchasing

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Market growth analysis

The automotive industry is witnessing favorable conditions across
multiple geographies. The vehicle production numbers, which include
passenger cars and commercial vehicles, stood at 94.29 million units in
2016. This is one of the major factors driving the global automotive
transmission dynamometer market
. APAC is the fastest-growing vehicle
market in terms of both production and consumption. Therefore, the
expansion of existing production facilities and the rapid additions of
production facilities in APAC will drive the market for automotive test
equipment, such as dynamometers. The rise in demand for automobile
restoration, especially in the fast-growing markets like India and
China, is expected to further drive the market for engine dynos.

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Geographical analysis

Technavio researchers anticipate high growth for the global automotive
transmission dynamometer market
in APAC as the region serves as the
largest automotive component-manufacturing hub. Rising demand for
vehicles from countries, such as China, South Korea, and India, is
attracting global automotive manufacturers to invest in and operate from
these countries, driving the need for testing equipment. Technological
advancements, in terms of the development of engines, powertrains,
alternative fuel technologies, stringent emission norms, in addition to
the steady automobile production in the Americas and EMEA are boosting
the automotive transmission dynamometer market.

According to Neelam Barua, a lead analyst at Technavio for research on
automotive
services
, “Promising economic growth potential in emerging
countries is boosting the number of market opportunities for passenger
cars, thereby, attracting global automobile manufacturers to this
region. While market players are investing in technology to drive
innovation in engines and powertrains, they are also expanding
production facilities and setting up new facilities to cater to growing
regional demand and beyond. These factors are increasing demand for
automotive test equipment, including dynamometers.”

Competitive vendor landscape

The automotive industry increasingly demands continuous innovations in
products and manufacturing processes. Consumers highly value the
durability and reliability factors of vehicles, and these determine the
reputation of the brand. Therefore, automotive test equipment will
continue to be critical in delivering and exceeding customers’
expectations through the concept of automotive test equipment. The
dynamism in the industry is also helping in driving testing requirements
and evolving the need for high-performance equipment. This, in turn, is
generating several market opportunities for vendors operating in this
space.

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automotive transmission dynamometer market
report free of cost

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About Technavio

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