Automotive Emission Test Equipment Market Key Players Profiles And Forecast 2025 – Gemco Equipment Ltd, TÜV Nord Group, HORIBA, AVL LIST GmbH | Grand View Research, Inc.

August 27 13:52 2019
Automotive Emission Test Equipment Market Key Players Profiles And Forecast 2025 – Gemco Equipment Ltd, TÜV Nord Group, HORIBA, AVL LIST GmbH | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global automotive emission test equipment market size was valued at USD 616.7 million in 2018. It is anticipated to progress at a CAGR of 5.1% from 2019 to 2025.

The global automotive emission test equipment market size is anticipated to reach USD 869.8 million by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 5.1% during the forecast period. The demand for automotive emission test systems is estimated to increase owing to stringent regulations associated with vehicle exhaust emissions and soaring need for regular periodic technical inspections (PTI) that are aimed at regulating gaseous emissions from exhaust vehicles. Rising concerns to limit adverse environmental effects caused by passenger and light-duty vehicles are also expected to drive the automotive emission test equipment market over the forecast period.

The emission test equipment segment held the largest share in the automotive emission test system market in 2018. It is likely to maintain its dominance in through 2025, on account of surging demand for testing equipment worldwide, especially from automobile manufacturers. Furthermore, the emission test services segment in the automotive emission test system market is a developed business sector across the U.S. and EU member nations. The growth of the segment can be attributed to increasing demand for service centers owing to emission targets mentioned by governments of EU countries.

Asia Pacific is poised to register the highest CAGR over the forecast period. The growth of the region can be attributed to surging adoption of emission norms and growing emphasis on ensuring that automobile manufacturers comply with the same, especially in developing countries such as China and India. These countries are focusing extensively on regulating, monitoring, and reducing greenhouse gas (GHG) emissions in order to cut down adverse effects on environment due to excessive GHG emissions by vehicle exhaust systems.

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Key market participants in the global automotive emission test equipment market include HORIBA, Ltd., Opus Inspection, TÜV Nord Group, Gemco Equipment Ltd, and TEXA S.p.A.

Global Automotive Emission Test Equipment market size, by solution

Further key findings from the report suggest:

  • The emission test software segment is anticipated to register considerable growth over the forecast period. The software is used to analyze and measure data conducted through various test & inspection system
  • The demand for opacity meters/smoke meters is estimated to increase over the coming years, as these devices are used to measure optical properties of smoke emitted by diesel engines
  • Europe was the highest revenue-generating regional market in 2018 owing to domicile of a large number of emission testing equipment manufacturers, software developers, and related service providers
  • Some of the key participants in the vehicle emission test system market are SGS SA, Sierra Instruments, Inc., Gordon-Darby, Inc., Wager Company, and Applus+.

Global Automotive Emission Test System Market Share

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Key Topics Covered 

Chapter 1 Methodology and Scope
                   1.1 Research Methodology
                   1.2 Research Scope and Assumptions
                   1.3 List to Data Sources
Chapter 2 Executive Summary
                   2.1 Automotive Emission Test System Market-Industry Snapshot & Key Buying Criteria, 2014 – 2025
                   2.2 Market Summary
                   2.3 Automotive Emission Test System Market, 2014 – 2025
Chapter 3 Market Variables, Trends, and Scope
                   3.1 Market Segmentation
                   3.2 Automotive Emission Test System Market Size & Growth Prospects
                   3.3 Automotive Emission Test System-Market Dynamics
                       3.3.1 Market Driver Analysis
                           3.3.1.1 Development of transportation sector & improving standards of life
                           3.3.1.2 Strong political agendas & stringent regulations to limit greenhouse gas emissions
                           3.3.1.3 Demand for opacity meters in the inspection & maintenance (I&M) and Periodic Technical Inspection (PTI) programs
                       3.3.2 Market Restraint Analysis
                           3.3.2.1 Nonadherence to stringent vehicle emission testing norms
                   3.4 Automotive Emission Test System Market-Porter’s Five Forces Analysis
                   3.5 Automotive Emission Test System Market-PEST Analysis
                   3.6 Automotive Emission Test System Market-Key Opportunities Prioritized (Growth Prospect Penetration Mapping Index)
                   3.7 Qualitative insights on vehicle inspection & maintenance systems in the U.S. and Periodic Technical Testing in Europe

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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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