AUTOMOTIVE ENGINE DYNAMOMETERS MARKET ANALYSIS

Automotive Engine Dynamometers MarketSize and Trends

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.

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.

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.

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