The global automotive engine dynamometers market was valued at US$ 207.5 Million in 2020 and is expected to surpass US$ 277.2 Million by 2028, exhibiting a CAGR of 3.6% during the forecast period (2021-2028), according to the Global Automotive Engine Dynamometers Market Report, 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), published by Coherent Market Insights.
New facilities launched for emission testing by governments is expected to drive the market growth. The emissions lab is also equipped with an Emission Chassis Dynamometer, soak room, emission and equipment room, and a control room. Increasing demand for passenger vehicles is subsequently driving demand for engine dynamometers for testing vehicles in the Asia Pacific region and this is expected to drive the market growth.
Global Automotive Engine Dynamometers Market - Impact of Coronavirus (Covid-19) Pandemic
Globally, most of the countries are affected by COVID-19 pandemic and have announced lockdown. Due to COVID-19, automotive manufacturing companies have been facing many difficulties in handling operations at production plants, warehouses, and mines across the globe. The virus has pressured factories to close-down, with people internationally dispatched home. It has created a difficulty as superior factory automation has now not been substituted with human body of workers at a large scale and these have hampered growth of the global automotive engine dynamometers market.
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https://www.coherentmarketinsights.com/market-insight/automotive-engine-dynamometers-market-4871
Key Trends and Analysis of the Global Automotive Engine Dynamometers Market:
- 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 2027 with a CAGR of 4.0% over the forecast period. Increasing demand for passenger vehicles is subsequently increasing demand for engine dynamometers for testing vehicles in the Asia Pacific region.
- North America is expected to witness significant growth over the forecast period. In 2017, North America market generated a revenue of US$ 56.8 Mn and is expected to reach US$ 80.6 Mn by 2027 with a CAGR of 3.6% over the forecast period from 2021 to 2028.
- Among application, passenger vehicles segment held a dominant position in the market in 2020. In 2018, passenger vehicle segment generated a revenue of US$ 116.5 Mn and is expected to reach US$ 165.1 Mn by 2027 with a CAGR of 4.0% over the forecast period. Increasing demand for passenger cars among consumers is expected to be a major factor for growth of the segment over the forecast period from 2020 to 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
