The Latin America, Middle East and Africa Automotive Test Equipment Market would witness market growth of 6.5% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Automotive Test Equipment Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $77.3 million by 2031. The Argentina market is showcasing a CAGR of 7.2% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 5.5% during (2024 - 2031).
The International Energy Agency (IEA) predicts that the number of electric cars sold will continue to increase, with an estimated 17 million units sold by 2024. This figure represents over one-fifth of all vehicles sold. Compared to the first quarter of 2023, electric car sales increased by approximately 25% in the first quarter of 2024, a trend that was consistent with the year-over-year growth observed in the same period of 2022.
Underpinned by ongoing policy support, declining battery and car prices, and competition among manufacturers, the market share of electric cars could reach up to 45% in China, 25% in Europe, and over 11% in the United States by 2024. EVs are powered by complex electrical systems and high-voltage batteries that require rigorous testing for efficiency, durability, and safety.
The automotive industry is expanding rapidly in South Africa, Egypt, and Nigeria. South Africa, the continent’s largest vehicle producer, has stringent Automotive Production and Development Program (APDP) requirements, encouraging manufacturers to adopt state-of-the-art testing solutions to ensure high vehicle safety and performance standards. The automotive industry's aggregate contribution to the gross domestic product (GDP) in 2022 was 4.9%, with 2.9% coming from manufacturing and 2% from retail. The import of replacement parts increased by 18.6 percent to R68.3 billion ($4.3 billion) in 2021, from R57.6 billion ($3.6 billion) in 2020. As the country invests in renewable energy-powered charging stations, the focus on testing vehicle range optimization, energy recovery systems, and compliance with emission standards has intensified. Therefore, as electric mobility continues to expand, the automotive test equipment market in the LAMEA region is poised for significant growth, supporting the region’s transition toward a cleaner, more efficient transportation landscape.
Free Valuable Insights: The Worldwide Automotive Test Equipment Market is Projected to reach USD 3.66 Billion by 2031, at a CAGR of 5.0%
Based on Vehicle, the market is segmented into Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle. Based on Application Tools, the market is segmented into Handheld Scan Tool, PC/Laptop-Based Scan Tool, and Mobile Device-Based Scan Tool. Based on Product, the market is segmented into Chassis Dynamometer, Engine Dynamometer, Vehicle Emission Test System, and Wheel Alignment Tester. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Vehicle
By Application Tools
By Product
By Country
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