Global Automotive Emission Test Equipment Market, By Solution (Emission Test Equipment, Emission Test Software, Emission Test Services), Emission Test Equipment Type (Opacity Meters/Smoke Meters, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The growing requirement to control nitrogen and carbon oxide emission is generating the massive demand for automotive emission test equipment. Furthermore, the government of many developed and developing economies are implementing stringent rules and regulations to limit carbon emission from vehicles, increasing the growth of automotive emission test equipment market globally.
Data Bridge Market Research analyses that the automotive emission test equipment market was valued at USD 690.81 million in 2021 and is expected to reach USD 1012.12 million by 2029, registering a CAGR of 4.89% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Solution (Emission Test Equipment, Emission Test Software and Emission Test Services), Emission Test Equipment Type (Opacity Meters/Smoke Meters and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Continental AG (Germany), Robert Bosch GmbH (Germany), Siemens (Germany), Honeywell International, Inc. (U.S.), ABB (Switzerland), BorgWarner, Inc. (U.S.), SGS S.A. (Switzerland), Horiba Ltd. (Japan), Vector Informatik GmbH (Germany), Opus Group AB (publ) (Germany), Gemco (U.K.), TÜV Nord Group (Germany), CAPELEC (France), HORIBA (Japan), Applus+ (Spain), SGS SA (Switzerland), AVL LIST GmbH (Austria), TEXA S.p.A.(Italy)
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Market Opportunities
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Market Definition
Automotive emission test equipment is mainly used for measurement and testing of particular matter in the vehicle exhaust systems and it helps reduce the emissions produced by the motor vehicles. The demand for the automotive emission test equipment is growing continuously to ensure vehicles' overall performance, efficiency, safety and functionality.
Automotive Emission Test Equipment Market Dynamics
Drivers
- Growing production of automobiles
The rising demand and the production of automotive vehicles are the major factors expected to drive the growth of the automotive emission test equipment market. The rise in the number of vehicles in different developing countries increase the manufacturing of emission control devices automobiles industry.
- Increasing awareness to provide impetus to growth
The increasing awareness regarding increasing level of pollution and carbon foot print affecting the environment which are paving way for option to keep automotive emission at permitted levels. This is anticipated to increase the growth in the automotive emission testing market globally.
Also, the world's government has imposed stringent regulations on vehicles emitting hazardous gases. The vehicles such as passenger vehicles and heavy duty vehicles have been brought under the stringent regulations which is aiding in the reinforcement of the global automotive emission test equipment market during forecast period.
Opportunities
- Growing Adoption of Advanced Technologies
Measuring and detecting emissions of gases have become very significant in the automotive industry, but both equipment failed to find out that from where the emissions are coming. So, to stop the losses which has caused by unwanted emissions, it is necessary to the manufacturer to generate a sensor technology which can meet with these requirement and collect the complete information about different types of gases.
Furthermore, Advances in the Internet of Things (IoT) are anticipated to play a vital role in figuring out how to exactly detect the emissions in the vehicles. Emission sensor technology combined with other devices which work over IoT networks and send warnings when there are emissions in a vehicle.
Restraints/ Challenges
- High cost of advanced technology
The automotive industry faces more difficulties in maintaining the balance between cost-cutting measures for price reduction and technological advancement. Advanced emission test equipment, which are mainly used for hybrid and electric vehicle testing, is very costly than standard test equipment. So, the high cost of the advanced product are expected to restrict the growth of the market.
This automotive emission test equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive emission test equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Automotive Emission Test Equipment Market
The widespread of COVID-19 had a negative impact on the automobile industry. The initial lockdown in China has hindered the export of car machineries, which had terrible effects for overall automotive sector. The supply chain disruptions and a decline in worldwide demand for automobiles.
Similarly, the COVID-19 crisis has an effect on overall revenue growth from certification (TIC) services and automobile testing, inspection. After years of development, the market's prominent participants are under substantial pressure. New product testing, R&D/Exploration, production, and regulatory approval are among the activities have the greatest impact.
Recent Development
- In Sep 2021, HORIBA launched STARS VETS, its vehicle emission test automation software for Windows 10 64 bit Operating System. This product is a part of HORIBA’s STARS Automation platform, which allows better test cell usability and efficiency to improve their consumers’ productivity.
- In Dec 2021, ABB has collaborated with Amazon Web Services (AWS). This collaboration intended to upsurge the adoption of new and sustainable technologies in mining, which would show reliability, effectiveness and scalability as mining operators shift towards net-zero emissions and all-electric.
Global Automotive Emission Test Equipment Market Scope
The automotive emission test equipment market is segmented on the basis of Solution and emission test equipment type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Solution
- Emission Test Equipment
- Emission Test Software
- Emission Test Services
Emission Test Equipment Type
- Opacity Meters/Smoke Meters
- Others
Automotive Emission Test Equipment Market Regional Analysis/Insights
The automotive emission test equipment market is analysed and market size insights and trends are provided by country, Solution and emission test equipment type as referenced above.
The countries covered in the automotive emission test equipment market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
Asia-Pacific dominates the automotive emission test equipment market in terms of market share and market revenue during the forecast period. This is due to Growing urbanization and implementation of numerous initiatives.
North America and Europe are anticipated to be the fastest developing regions due to domicile of a large number of emission testing software developers, equipment manufacturers, and related service providers in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Emission Test Equipment Market Share Analysis
The automotive emission test equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive emission test equipment market.
Some of the major players operating in the automotive emission test equipment market are:
- Continental AG (Germany)
- Robert Bosch GmbH (Germany)
- Siemens (Germany)
- Honeywell International, Inc.(U.S.)
- ABB (Switzerland),
- BorgWarner, Inc. (U.S.)
- SGS S.A. (Switzerland)
- Horiba Ltd. (Japan)
- Vector Informatik GmbH (Germany)
- Opus Group AB (publ) (Germany)
- Gemco (U.K.)
- TÜV Nord Group (Germany)
- CAPELEC (France)
- HORIBA (Japan)
- Applus+ (Spain)
- SGS SA (Switzerland)
- AVL LIST GmbH (Austria)
- TEXA S.p.A.(Italy)
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