Published Date: 28-Feb-2022
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According to a new report Global Automotive Emission Test Equipment Market, published by KBV research, 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.
The Emission Test Software market shows high growth rate in the market of 5.1% during (2021 - 2027). It is because of the growing emphasis on decreasing greenhouse gas emissions by passenger and light-duty cars, especially in developing nations like China and India. Through frequent technical examination, these services ensure that vehicle exhaust systems are working within established norms and constraints. The segment's growth is also being aided by the increasing adoption of service businesses, particularly in emerging countries.
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; thereby, achieving a market value of $297.9 million by 2027. The Asia Pacific market is expected to witness a CAGR of 4.8% during (2021 - 2027). Additionally, The North America market is expected to witness a CAGR of 4.6% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Emission Test Equipment Type
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