Automotive engine dynamometers market

Automotive Engine Dynamometers Market, by Type (Diesel Engine and Gasoline Engine), by Application (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), by Absorber Type (Air Cooled Eddy Current, Liquid Cooled Eddy Current, Hydraulic or Water Brake, Alternating Current (AC), and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

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Jan 2022
CMI4871
164 Pages
Excel & Pdf
Information and Communication Technology

Summary

Global automotive engine dynamometer market was valued at US$ 207.5 Mn in 2020 and is expected to exhibit a CAGR of 3.6% over the forecast period to reach US$ 277.2 Mn in 2028. Asia Pacific accounted for over 35% of global automotive engine dynamometer market revenue in 2020.

Increasing number of vehicles is driving demand for engine dynamometers. Engine dynamometer is a device, which measures force, torque, or power produced by engine. Dynamometers are also used to provide simulated road loading of engine and as part of a test bed for a variety of engine development activities. The report analyses different types of dynamometers based on absorption unit types such as Air Cooled Eddy Current, Liquid Cooled Eddy Current, Hydraulic or Water Brake, Alternating Current (AC), and others.

Global Automotive Engine Dynamometers Market - Impact of Coronavirus (Covid-19) Pandemic

Automobile companies had been hit tough with closures and postponing of operations at production and warehouses across globe due to COVID-19. Massive automation production companies have slashed capital fees for 2020 due to COVID-19.

Asia Pacific is expected to hold dominant position in the global automotive engine dynamometers market during the forecast period.

Statistics:

Asia Pacific held dominant position in the global automotive engine dynamometers market in 2020, accounting for 35.9% share, in terms of value, followed by North America.

Figure 1: Global Automotive Engine Dynamometers Market Share (%), By Region, 2020

Among regions, Asia Pacific held dominant position in the global automotive engine dynamometers market in 2020 and is expected to retain its dominance throughout the forecast period. In 2017, the Asia Pacific market generated revenue of US$ 66.7 Mn and is expected to reach US$ 98.0 Mn by 2028 with a CAGR of 4.0% over the forecast period

New facilities launched for emission testing by governments is expected to drive the market growth. For instance, in March 2018, the Malaysia Government’s Deputy Minister and Minister of International Trade and Industry, launched National Emission Test Centre (NETC), a vehicle emissions testing facility, in Malaysia. The NETC facilities include real-time measurement of exhaust emission gases for passenger cars in accordance with UN Regulations 83 and 101.

Automotive Engine Dynamometers Market Report Coverage

Report Coverage	Details
Base Year:	2020	Market Size in 2020:	US$ 207.5 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2021 to 2028
Forecast Period 2021 to 2028 CAGR:	3.6%	2028 Value Projection:	US$ 277.2 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:	By Type: Diesel Engine and Gasoline Engine By Application: Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles By Absorber Type: Air Cooled Eddy Current, Liquid Cooled Eddy Current, Hydraulic or Water Brake, Alternating Current (AC), and Others
Companies covered:	HORIBA, Ltd., MEIDENSHA CORPORATION., AVL List GmbH, Rototest, SuperFlow Dynamometers & Flowbenches, NTS, MTS Systems Corporation, Sierra Instruments, Inc., Schenck RoTec GmbH, Froude, Inc., Dyno Dynamics, SGS SA, Mustang Dynamometer, and Taylor Dynamometer
Growth Drivers:	Increasing stringent regulatory requirement for environmental safety and for reducing pollutant emission is driving growth of the automotive engine dynamometer market
Restraints & Challenges:	Lengthy operating requirements for engine dynamometer

Gasoline engine segment is expected to drive the market growth during the forecast period.

Among type, gasoline engine segment is expected to hold dominant position in the global automotive engine dynamometers market during the forecast period. Gasoline segment is expected to account for 41.3% of the global engine dynamometers market in 2018. The segment is expected to exhibit highest CAGR of 4.3%, owing to increasing regulatory requirement for environmental safety and for reducing pollutant emission and greenhouse gas emission.

Figure 2: Global Automotive Engine Dynamometers Market Value (US$ Mn) Analysis and Forecast and Y-o-Y Growth (%), 2017 - 2028

The global automotive engine dynamometers market was valued at US$ 207.5 Mn in 2020 and is expected to reach US$ 277.2 Mn by 2028 at a CAGR of 3.6% between 2021 and 2028.

Major players operating in the global automotive engine dynamometers market include HORIBA, Ltd., MEIDENSHA CORPORATION., AVL List GmbH, Rototest, SuperFlow Dynamometers & Flowbenches, NTS, MTS Systems Corporation, Sierra Instruments, Inc., Schenck RoTec GmbH, Froude, Inc., Dyno Dynamics, SGS SA, Mustang Dynamometer, and Taylor Dynamometer.

Table of Content

*Browse 60 market data tables and 40 figures on "Automotive Engine Dynamometers Market - Global forecast to 2028”

Segmentation

Detailed Segmentation

- Frequently Asked Questions -

What is the expected market size of global automotive engine dynamometers market in 2028?

The global automotive engine dynamometers market is expected to reach US$ 277.2 million by 2028

What is the expected compound annual growth rate (CAGR) of the market during the forecast period (2021-2028)?

The market is expected to exhibit a CAGR of 3.6% during the forecast period (2021-2028).

What is the primary factor contributing to growth of the market?

The increasing demand of dynamometers for gasoline engine vehicles for automotive engine vehicles is expected to drive growth of the market during the forecast period.

Based on type, which segment held the largest market share in the market in 2020?

Diesel engine segment held the largest market share among type.

Which region held the largest market share in the market in 2020?

Asia Pacific held largest share in the market in 2020, accounting for 35.9% share, in terms of value.

Who are the key players operating in the market?

Key players operating in the market HORIBA, Ltd., MEIDENSHA CORPORATION., AVL List GmbH, Rototest, SuperFlow Dynamometers & Flowbenches, NTS, MTS Systems Corporation, Sierra Instruments, Inc., Schenck RoTec GmbH, Froude, Inc., Dyno Dynamics, SGS SA, Mustang Dynamometer, and Taylor Dynamometer