Automotive Emission Test Equipment Trends and Forecast
The future of the global automotive emission test equipment market looks promising with opportunities in the periodic testing inspection and inspection & maintenance markets. The global automotive emission test equipment market is expected to reach an estimated $969.8 million by 2030 with a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are increasing adoption of electric and hybrid vehicles, growing need for real-time monitoring of emissions, and expanding integration of IoT and cloud computing in emission testing equipment.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive Emission Test Equipment by Segment
The study includes a forecast for the global automotive emission test equipment by solution, application, and region.
Automotive Emission Test Equipment Market by Solution [Shipment Analysis by Value from 2018 to 2030]:
• Emission Test Equipment
• Emission Test Software
• Emission Test Services
Automotive Emission Test Equipment Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Periodic Testing Inspections
• Inspection & Maintenance
• Others
Automotive Emission Test Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive Emission Test Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive emission test equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive emission test equipment companies profiled in this report include-
• Opus Inspection
• GEMCO Equipment
• TÜV Nord Group
• CAPELEC
• HORIBA
• Applus+
• SGS
Automotive Emission Test Equipment Market Insights
Lucintel forecasts that emission test equipment will remain the largest segment over the forecast period.
Within this market, periodic testing inspection will remain the larger segment over the forecast period.
Europe will remain the largest region over the forecast period.
Features of the Global Automotive Emission Test Equipment Market
Market Size Estimates: Automotive emission test equipment market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive emission test equipment market size by solution, application, and region in terms of value ($M).
Regional Analysis: Automotive emission test equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different solutions, applications, and regions for the automotive emission test equipment market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive emission test equipment market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive emission test equipment market size?
Answer: The global automotive emission test equipment market is expected to reach an estimated $969.8 million by 2030.
Q2. What is the growth forecast for automotive emission test equipment market?
Answer: The global automotive emission test equipment market is expected to grow with a CAGR of 4.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive emission test equipment market?
Answer: The major drivers for this market are increasing adoption of electric and hybrid vehicles, growing need for real-time monitoring of emissions, and expanding integration of IoT and cloud computing in emission testing equipment.
Q4. What are the major segments for automotive emission test equipment market?
Answer: The future of the automotive emission test equipment market looks promising with opportunities in the periodic testing inspection and inspection & maintenance markets.
Q5. Who are the key automotive emission test equipment market companies?
Answer: Some of the key automotive emission test equipment companies are as follows:
• Opus Inspection
• GEMCO Equipment
• TÜV Nord Group
• CAPELEC
• HORIBA
• Applus+
• SGS
Q6. Which automotive emission test equipment market segment will be the largest in future?
Answer: Lucintel forecasts that emission test equipment will remain the largest segment over the forecast period.
Q7. In automotive emission test equipment market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive emission test equipment market by solution (emission test equipment, emission test software, and emission test services), application (periodic testing inspections, inspection & maintenance, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automotive Emission Test Equipment Market, Automotive Emission Test Equipment Market Size, Automotive Emission Test Equipment Market Growth, Automotive Emission Test Equipment Market Analysis, Automotive Emission Test Equipment Market Report, Automotive Emission Test Equipment Market Share, Automotive Emission Test Equipment Market Trends, Automotive Emission Test Equipment Market Forecast, Automotive Emission Test Equipment Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.