According to a new report, published by KBV research, The Global Automotive Test Equipment Market size is expected to reach $3.66 billion by 2031, rising at a market growth of 5.0% CAGR during the forecast period.
Automotive test equipment designed specifically for EV applications includes battery testers, electric motor dynamometers, and thermal management testing systems. These tools are essential for evaluating the performance of electric drivetrains, battery management systems (BMS), and charging infrastructure. The demand for electric vehicles is predicted to increase as global efforts to cut carbon emissions continue, which will increase the demand for specialized testing equipment designed especially for EV technology.
The Passenger Vehicle segment is experiencing a CAGR of 4.7 % during the forecast period. This segment is primarily driven by the high global demand for personal mobility solutions, leading to increased production and sales of passenger cars. This surge in vehicle production necessitates comprehensive testing to meet stringent government regulations on emissions, fuel efficiency, and safety standards.
The Handheld Scan Tool segment led the maximum revenue in the Global Automotive Test Equipment Market by Application Tools in 2023, thereby, achieving a market value of $1.5 billion by 2031. These tools are widely adopted by independent garages, small workshops, and aftermarket service centers, where technicians require fast and efficient fault detection to enhance service turnaround time. The operation's simplicity and minimal training requirements make handheld scan tools accessible to a broad user base, including DIY vehicle owners.
The Chassis Dynamometer segment is growing at a CAGR of 4.3 % during the forecast period. Manufacturers use chassis dynamometers to conduct comprehensive vehicle tests under simulated real-world driving conditions, which are essential for evaluating overall power output, braking systems, and emission levels. The rising adoption of electric vehicles (EVs) and hybrid vehicles has further increased the need for advanced dynamometer systems capable of testing electric powertrains and battery systems.
Full Report: https://www.kbvresearch.com/automotive-test-equipment-market/
The Asia Pacific region dominated the Global Automotive Test Equipment Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $195.4 million by 2031. The North America region is anticipated to grow at a CAGR of 4.3% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 4.8% during (2024 - 2031).
By Vehicle
By Application Tools
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