Research Report: Automotive Dyno Market (2020-2024) |Dependence on Software-based Systems to boost the Market Growth | Technavio
September 16, 2020
LONDON–(BUSINESS WIRE)–Technavio has been monitoring the automotive dyno market and it is poised to grow by USD 190.18 million during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
Based on segmentation by type, which is the leading segment in the market?
The chassis dyno is expected to be the leading segment based on type in the global market during the forecast period.
What are the major trends in the market?
Need for over-the-air testing, inspection, and certification (TIC) for vehicles is one of the major trends in the market.
At what rate is the market projected to grow?
Growing at a CAGR of over 3%, the incremental growth of the market is anticipated to be USD 190.18 million.
Who are the top players in the market?
ATS Automation Tooling Systems Inc., AVL List GmbH, Dynomerk Controls, Froude Inc., HORIBA Ltd., Meidensha Corp., Mustang Dynamometer, Power Test Inc., SAKOR Technologies Inc., and Taylor Dynamometer. are some of the major market participants.
What are the key market drivers and challenges?
Dependence on software-based systems is one of the major factors driving the market. However, the capital-intensive nature of testing facilities and dynamometer machines restraints the market growth.
How big is the APAC market?
The APAC region will contribute 70% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ATS Automation Tooling Systems Inc., AVL List GmbH, Dynomerk Controls, Froude Inc., HORIBA Ltd., Meidensha Corp., Mustang Dynamometer, Power Test Inc., SAKOR Technologies Inc., and Taylor Dynamometer are some of the major market participants. The dependence on software-based systems will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Automotive Dyno Market 2020-2024: Segmentation
Automotive Dyno Market is segmented as below:
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Automotive Dyno Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive dyno market report covers the following areas:
Automotive Dyno Market Size
Automotive Dyno Market Trends
Automotive Dyno Market Analysis
This study identifies need for over-the-air testing, inspection, and certification (TIC) for vehicles as the prime reasons driving the automotive dyno market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Dyno Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist automotive dyno market growth during the next five years
Estimation of the automotive dyno market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive dyno market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automotive dyno market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Type
Comparison by Type placement
Chassis dyno – Market size and forecast 2019-2024
Engine dyno – Market size and forecast 2019-2024
Market opportunity by Type
APAC – Market size and forecast 2019-2024
North America – Market size and forecast 2019-2024
Europe – Market size and forecast 2019-2024
South America – Market size and forecast 2019-2024
MEA – Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver – Demand led growth
Volume driver – Supply led growth
Volume driver – External factors
Volume driver – Demand shift in adjacent markets
Price driver – Inflation
Price driver – Shift from lower to higher-priced units
Market positioning of vendors
ATS Automation Tooling Systems Inc.
AVL List GmbH
Power Test Inc.
SAKOR Technologies Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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