Asia, biggest market for auto test equipment

Asia-Pacific is expected to be the largest market for automotive test equipment. It is estimated to hold the largest market share, by value, in 2016. This can be mainly attributed to the rising vehicle production and the increasingly stringent safety standards for vehicles in the region. The chassis dynamometer segment is estimated to account for the largest market share in 2016. The market for engine dynamometers is expected to occupy the second-largest share in the Asia-Pacific region.

 

The market is estimated to be US$442.9 million in 2016, and is projected to reach 600.7 million by 2021. The growth of this market is fueled by the rising vehicle production and increasingly stringent emission norms.