The Global Automotive Emission Test Equipment Market size is expected to reach $854.1 million by 2027, rising at a market growth of 4.7% CAGR during the forecast period.
Automobiles are major sources of air pollution, which has a variety of health and environmental consequences. High levels of pollutants and haze are noticed in bigger cities, mainly in places where air flow was restricted. Numerous automakers collaborated with the federal government to investigate the causes and effects of vehicle emissions. They discovered that automotive emissions are mostly caused by three sources; Exhaust emissions (HC, CO and NOx), Crankcase vapours (HC), and Fuel evaporation (HC).
Governments all over the world have established legislation aimed at lowering dangerous automobile emissions. In addition, countries such as the United States, Canada, Germany, the United Kingdom, France, Italy, Spain, China, and Japan have strong rules, regulations, and standards for frequent technical inspections and maintenance to monitor car emissions.
Because of the increased need to reduce carbon and nitrogen oxide emissions, automobile emission test equipment is in great demand. Furthermore, governments in both developing and developed countries are taking steps to decrease carbon emissions from autos, which is boosting demand for automotive emission testing equipment.
Automotive emission test equipment is used to test and measure specific matter in vehicle exhaust systems, assisting in the reduction of automobile emissions. The automotive emission test equipment market is expected to grow rapidly over the projected period as a consequence of all of these factors.
The outbreak of the COVID-19 has had a negative impact on the automobile sector. The initial lockdown in China has hampered the export of car components, which had disastrous effects for overall automotive industry. The whole scenario resulted in supply chain disruptions and a decrease in worldwide demand for automobiles. Due to the uncertainties in the economy, both businesses and consumers are deferring new automotive purchases.
Similarly, the COVID-19 pandemic has had an effect on overall revenue from automobile testing, inspection, and certification (TIC) services. After years of expansion, the market's leading participants are under significant pressure. R&D/Exploration, production, new product testing, and regulatory approval are among the activities that have had the greatest impact.
The ongoing trend to design and implement test equipment to detect emission levels in line with the legislation would surge the usage of automotive emission test equipment. Every vehicle must adhere to certain emission requirements framed by the government authorities. The vehicle emission test system is used to determine whether the vehicle meets industry standards.
There is a rise in the demand as well as the production of automotive vehicles. Due to this increase in the number of vehicles across different developing nations, the production of automotive catalysts for emission control devices in automobiles has also increased. In addition, several emerging nations are witnessing a constant increase in the number of vehicles since customers are considering automobiles as one of the integral parts of their lives.
The automotive sector faces more difficulties in maintaining a balance between technological advancement and cost-cutting measures for price reduction. Advanced test equipment, which are used for electric or hybrid vehicle testing, is more expensive than standard test equipment. It takes time for a technology to become widespread enough for its manufacturers to benefit from economies of scale. Entry-level passenger automobiles are in high demand in emerging markets, and automakers must meet this need at reasonable costs.
Based on solution, the automotive emission test equipment market is divided into Emission Test Equipment, Emission Test Software and Emission Test Services. The emission test equipment segment acquired the largest revenue share in the automotive emission test equipment market in 2020. It is owing to the rising adoption of conventional devices to test emission from automobiles. Such types of equipment are easy to use and provide accurate results and hence, they are utilized highly by companies as well as authorities.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 637.2 Million |
| Market size forecast in 2027 | USD 854.1 Million |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 4.7% from 2021 to 2027 |
| Number of Pages | 177 |
| Number of Tables | 254 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Solution, Emission Test Equipment Type, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the automotive emission test equipment market is analyzed across North America, Europe, Asia Pacific and LAMEA. In 2020, Europe emerged as the leading region in the automotive emission test equipment market with maximum revenue share. Countries in the region, such as the United Kingdom, Germany, and the Netherlands, are leading the way in adopting European Union-mandated automobile emission testing criteria and rigorous rules and regulations.
Free Valuable Insights: Global Automotive Emission Test Equipment Market size to reach USD 854.1 Million by 2027
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; ABB Group, Honeywell International, Inc. and Siemens AG are the forerunners in the Automotive Emission Test Equipment Market. Companies such as BorgWarner, Inc., SGS S.A. and Horiba Ltd. are some of the key innovators in the Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Softing AG, Continental AG, Robert Bosch GmbH, Siemens AG, Honeywell International, Inc., ABB Group, BorgWarner, Inc., SGS S.A., Horiba Ltd., and Vector Informatik GmbH.
By Solution
By Emission Test Equipment Type
By Geography
The automotive emission test equipment market size is projected to reach USD 854.1 million by 2027.
Rising production of automobiles across the world of the companies are driving the market in coming years, however, Difficulties faced in striking a balance between high cost & performance of test equipment have limited the growth of the market.
Softing AG, Continental AG, Robert Bosch GmbH, Siemens AG, Honeywell International, Inc., ABB Group, BorgWarner, Inc., SGS S.A., Horiba Ltd., and Vector Informatik GmbH.
The emission test equipment segment acquired the largest revenue share in the automotive emission test equipment market in 2020.
The Emission Test Software market shows high growth rate in the market of 5.1% during (2021 - 2027).
The Europe market is the fastest growing region in the Global Automotive Emission Test Equipment Market by Region 2020, and would continue to be a dominant market till 2027.
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