AUTOMOTIVE ENGINE DYNAMOMETERS MARKET ANALYSIS

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

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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.

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

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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.