North America Test Benches Market Size, Share & Industry Trends Analysis Report By Component (Hardware and Software), By Application, By Test Material (Valve, Motors, Furniture), By Type, By Test Stands, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Test Benches Market would witness market growth of 4.3% CAGR during the forecast period (2022-2028).
The demand for testing systems has increased as a result of recent automotive innovations, like autonomous vehicles and electric vehicles. The performance of the vehicles is improved while the weight & complexity of the automotive parts are decreased by using lightweight materials like carbon fiber, processed steel, aluminum, and steel. Mass production systems have necessitated that components & goods produced in accordance with quality standards be properly sampled, inspected, and checked in order to guarantee consistency in quality and reduce rejections.
Large lots of products and components may be rejected if they are not properly tested, causing the company to waste a significant amount of money and incur losses. Testing Benches offer the necessary conditions and environment during the development and manufacturing phases to test different parts and components to make sure the finished product is compliant with the specifications and quality standards before it is used in subsequent assemblies. In order to increase overall process capability and lower rejection rates, testing tables are frequently used in sectors like the automotive and electronics industries.
The United States has one of the biggest automotive sectors of the world. The demand for commercial vehicles is significantly impacted by the growth of logistics and delivery services as well as major e-commerce behemoths such as Amazon, etc. The advancement of worldwide emission standards is speeding up engine technology development. These factors play a significant role in the region's growth in the automotive sector. The nation is home to several large automotive OEMs, & its extensive support network and pro-electric vehicle policies are beneficial.
The US market dominated the North America Test Benches Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $326.1 million by 2028. The Canada market is poised to grow at a CAGR of 6.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 5.7% during (2022 - 2028).
Based on Component, the market is segmented into Hardware and Software. Based on Application, the market is segmented into Automotive & Transportation, Semiconductor & Electronics, Industrial Manufacturing & Engineering, Power Generation & Utilities, Oil & Gas, and Others. Based on Test Material, the market is segmented into Valve, Motors, Furniture, and Others. Based on Type, the market is segmented into Valve Test Benches, Force Test Bench, Torque Test Bench, and Others. Based on Test Stands, the market is segmented into Motorized Test Stands and Manual Test Stands. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Test Benches Market is Estimated to reach $1.6 Billion by 2028, at a CAGR of 4.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Nidec Corporation, Ametek, Inc., dSPACE GmbH, PPT Group (Mecmesin), Kern & Sohn GmbH, IMADA, Inc., MCD Elektronik GmbH, Blum-Novotest GmbH, and Haven Automation Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Automotive & Transportation
- Semiconductor & Electronics
- Industrial Manufacturing & Engineering
- Power Generation & Utilities
- Oil & Gas
By Test Material
- Valve Test Benches
- Force Test Bench
- Torque Test Bench
By Test Stands
- Motorized Test Stands
- Manual Test Stands
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Robert Bosch GmbH
- Nidec Corporation
- Ametek, Inc.
- dSPACE GmbH
- PPT Group (Mecmesin)
- Kern & Sohn GmbH
- IMADA, Inc.
- MCD Elektronik GmbH
- Blum-Novotest GmbH
- Haven Automation Ltd.
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