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Automotive Dyno Market by Type (Engine Dynamometer and Chassis Dynamometer) and Application (Automotive OEMs and Automotive Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021–2027

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Jun 2021 | 191 Views
 
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A dynamometer or a dyno measures the torque and rotational speed of an engine, motor or other rotating prime movers simultaneously. A dynamometer is responsible for the instantaneous power or torque calculation required to operate a driven machine, such as pump, and display it as kilowatt (kW) or brake horsepower (BHP). It is also used to measure rotational speed, accelerations of rollers, resistance generated by electromagnetic brakes, fuel consumption, and emissions. Its various applications are expected to drive the growth of the market over the forecast period.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Type and Application

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

AVL, HORIBA, Meidensha, Power Test, SAKOR Technologies, Taylor Dynamometer, Meidensha, Rototest, MTS, NTS, SuperFlow, Schenck, SGS, Sierra Instruments, Mustang Advanced Engineering, and KAHN

 

COVID-19 scenario analysis:

  • Automotive manufacturing companies have been hit hard with closures and suspending of operations at production plants, warehouses, and mines across the globe. 
  • Large automation manufacturing companies have slashed capital expenditures for 2020 to counter the collapse in consumer and material demand during the global lockdown. 
  • Industrial automation was not in a great place before COVID-19 outbreak. Moreover, it has further slowed by flat capital expenditure and declining industrial production. 
  • The virus may force companies to accelerate investment in factory automation when the global economy eventually rebounds, but it is expected to take a while. 
  • The virus has forced factories to shut-down, with workers across the world sent home. It has created a hindrance as advanced factory automation has not been substituted with human workforce at a large scale.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis 

Increase in vehicle population across several regions and rise in growth rates in the APAC region are expected to drive the growth of the market. Moreover, the cost of a dynamometer can play a huge role to restrain the growth of the market as it is more expensive than either of its competitive instruments. Furthermore, the global automotive dyno market is capital-intensive in terms of testing facilities & dynamometer machines, which is expected to provide lucrative opportunities for the global automotive dyno market.

The global automotive dyno market trends are as follows:

Increasing vehicle population across several regions: 

The number of vehicles on the road is increasing daily as the population is growing at a very rapid rate. This has led to an increase in demand for vehicles. However, potential expansion of the middle class is expected to be a boon to future vehicle demand in developing nations, which is projected to drive the growth of the global automotive dyno market.

Increasing growth rates in APAC:

The Asia-Pacific (APAC) region has witnessed tremendous growth potential over the global market in the last decade, and started developing at a very high rate, which lead to innovation and adoption of new technologies around the globe. Therefore, the market has the potential to grow exponentially in the APAC region, and is projected to enhance the growth of automation along with the global automotive dyno market over the forecast period.

Key segments covered:

Segments

Sub-segments

  Type

  • Engine Dynamometer
  • Chassis Dynamometer

  Application

  • Automotive OEM
  • Automotive Aftermarket

 

Key benefits of the report:

  • This study presents the analytical depiction of the global automotive dyno market along with current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global automotive dyno market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global automotive dyno market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions answered in the global automotive dyno market research report:

  • Which are the leading market players active in the global automotive dyno market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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