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Automotive Test Equipment Market $916.36 Million by 2019


News provided by

MarketsandMarkets

09 Oct, 2014, 16:00 BST

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DALLAS, October 9, 2014 /PRNewswire/ --

The report "Automotive Test Equipment Market by Vehicle Type (Light Vehicles, Heavy Vehicles), Product (Engine Dynamometer, Chassis Dynamometer, Vehicle Emission Test System, Wheel Alignment Tester), by Geography - Global Trends and Forecast to 2019", published by MarketsandMarkets, defines and segments the Automotive Test Equipment Market with analysis and forecasting of the global volume and value.

Browse 81 market data tables with 54 figures spread through 250 pages and in-depth TOC on "Automotive Test Equipment Market - Global Trends and Forecast to 2019".

http://www.marketsandmarkets.com/Market-Reports/automotive-test-equipment-market-195601617.html

Early buyers will receive 10% customization on this report. 

Asia-Pacific: Prospective Market and Growing at a Significant Rate 

The Asia-Pacific region comprises countries such as China, India, South Korea, and Japan. The region is dominated by developing countries such as India and China where the automotive industry is growing at a faster pace. Increasing number of vehicle manufacturing facilities due to low cost of production in developing countries, increasing production capacity and growing demand for light and heavy vehicles is driving the market for automotive test equipment in these countries. The Automotive Test Equipment Market of the Asia-Pacific region is projected to grow at a CAGR of 4.6%from 2014 to 2019.

Europe: Eastern Europe would be Upcoming Market 

Western Europe is a matured market for automotive test equipment. Europe is a major hub of many renowned OEMs which are known for delivering quality and high performance vehicle. As Western Europe is a developed market, the OEMs are planning to build engine and assembly plants in Eastern Europe which will foster the demand for automotive test equipment in Europe. The European Automotive Test Equipment Market is projected to grow at a CAGR of 2.8% from 2014 to 2019.

North America: Mexico Would Emerge as a Growing Automotive Hub 

The North America region comprises countries such as the U.S., Canada, and Mexico which is also a matured market for automotive test equipment. The OEMs in North America always focus on efforts to improve the production quality to deliver a quality product. Also, strict emission norms regarding CO2, NOx emissions are the factors contributing to the overall demand of automotive test equipment in North America. Furthermore, many OEMs are planning to set up engine and assembly plants in Mexico and Canada which in turn increase the demand for automotive test equipment. The North American Automotive Test Equipment Market is projected to grow at a CAGR of 4.4% from 2014 to 2019.

The report covers the global Automotive Test Equipment Market in terms of volume (number of units) and value ($million) across regions such as Asia-Pacific, Europe, North America and Rest of the World (ROW). It explains qualitative and quantitative aspects of automotive test equipment. The report briefly explains the Automotive Test Equipment Market on the basis of geography, product, and vehicle type from 2014 to 2019.

Inquiry before Buying:  http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=195601617 

The report also shows an overview of the technical as well as other important aspects of the Automotive Test Equipment Market. It includes analysis of value chain, Porter's five forces analysis, PESTLE analysis, the competitive landscapes, and company profiles. In addition to this 10 key players of the automotive test equipment industry have also been profiled.

Browse related reports 

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http://www.marketsandmarkets.com/Market-Reports/passenger-car-sensors-market-88664120.html

Automotive Exhaust Systems Market by Geography (Asia-Pacific, North America, Europe, & ROW), by Vehicle Type (Passenger Cars, LCVs, & HCVs), by Fuel Type (Gasoline & Diesel), by After-Treatment Device (DPF, DOC, SCR, TWC, & NOx Adsorber) - Trends & Forecasts to 2019

http://www.marketsandmarkets.com/Market-Reports/automotive-exhaust-system-market-87800437.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact: 

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Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/automotive-transportation

SOURCE MarketsandMarkets

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