The ‘Global Automotive Chassis Dynamometer Market Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global automotive chassis dynamometer market, assessing the market based on its segments like product types, vehicle types, and regions.
Automotive Chassis Dynamometer Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): Around USD 910.07 Million
• Forecast CAGR (2023-2028): 2.30%
• Forecast Market Size (2028): Approximately USD 1043.11 Million
A mechanical gadget or equipment that is installed in the automobile for various testing and development requirements is called automotive chassis dynamometer and is also referred to as a rolling road. These rollers for the wheels of a motor vehicle can provide drive input and gauging output like power and torque at the wheels. When driven on the road, the weight and inertia of the vehicle is reproduced and the mechanical power is measured by the chassis dynamometer.
The rising sales of passenger cars, motorbikes, trucks, and vans are driving the global automotive chassis dynamometer market. This is boosted by the growing per capita GDP of developing economies and increasing number of new automotive buyers.
As there is a growth in vehicles manufacturing, there is a larger emphasis on quality management because of which several producers are using automotive chassis dynamometer. The flourishing transportation sector with boosted sale of commercial vehicles is also likely to influence the automotive chassis dynamometer market.
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Besides, growth in the demand for great performance and fuel-efficient vehicles, precision of measurement and high-level of repetitiveness, and higher cost of labour are expected to encourage the development of the market.
Additionally, strict safety guidelines on passenger vehicles put forward by several governments are anticipated to result in the expansion of the high-quality automotive chassis dynamometers in the upcoming years.
Automotive Chassis Dynamometer Industry Definition and Major Segments
Mechanical testing tools that consist of a pair of rollers, braking absorption technique, and software for determining torque and power of vehicles are called automotive chassis dynamometers. To use this device, vehicles are driven on the rollers that are attached to electronic gauging device, that determines the vehicle speed, horsepower, and torque engine. Additionally, the chassis dynamometer helps in evaluating suspension challenges, ecological performance, radiation performance, sets the engine, and analyses the vehicle performance.
Based on product types, the market can be segmented into:
• Single Roller
• Multi Roller
On the basis of vehicle types, the market has been classified into:
• Passenger Vehicle
• Commercial Vehicles
Based on regions, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Automotive Chassis Dynamometer Market Trends
Rising investments by top market players to innovate cars for passengers that has enhanced fuel efficiency and safety standards are favouring the automotive chassis dynamometer market dynamics. Government imposed policies are also focused towards promoting fuel-efficient automotive services.
The passenger vehicle sector holds a major share in the automotive chassis dynamometer market. The rise in the sales of passenger cars, motor bikes, and other vehicles, propelled by the increasing disposable income and urbanisation in the emerging countries, is driving the growth of the segment. In addition, increasing research and development activities by key automotive producers to produce enhanced performance vehicles are also strengthening the demand for automotive chassis dynamometers.
Region-wise, the Asia Pacific accounts for a sizable share in the global automotive chassis dynamometer market. This is primarily because of the existence of leading automotive producers in emerging countries like China and India. Moreover, factors such as the growing sales of both passenger and commercial automobiles, backed by the increasing per capita income and rise in the number of people buying cars, are also helping in the growth of the regional market. Besides, the expanding transportation industry and enhancement in the road infrastructure are anticipated to drive the sales of commercial vehicles in the near future.
Key Market Players
The major players in the global automotive chassis dynamometer market report are Mustang Dynamometer, ONO SOKKI CO. LTD., Sierra Instruments Inc., Apicom Groupe, and Meidensha Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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