Automotive Chassis Dynamometers Market To Be Worth Over $160 Million by 2025

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Global QYResearch, a global provider of market research studies, in a recently published report titled “Automotive Chassis Dynamometers Market (Type: Single Roller Type, Multi Roller Type; Application: Passenger Vehicle and Commercial Vehicle) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2017 - 2025”, forecasts that the global market for automotive chassis dynamometers is expected to grow at a CAGR of around 2.8% from 2017 to 2025 and reach the market value of over $160 million by 2025. Chassis dynamometer is a device used for vehicle testing and development, also known as a rolling road. It is mainly used as a roller assembly to simulate a road in a controlled environment, generally inside a building. Key factors driving the growth of automotive chassis dynamometer market during forecasted period, due to accuracy of the measurement and high repetitiveness. Moreover, possibility of easy up gradation and the compatible solutions are anticipated to boom the growth of the chassis dynamometer market in upcoming years. There are some advantages of chassis dynamometers such as fuel economy, no limitation on the complexity of test cycle, and exhaust emission, which can be measured consecutively and measurement can be made over an extensive temperature range, will further drive the growth of the chassis dynamometers market. However, a major factor hindering the growth of the chassis dynamometers during forecast period is due to large intervals in inertia weight, as chassis dynamometers may give rise to inertia loading of the vehicle. Furthermore, over the forecast period, increase in automation and high labor cost are anticipated to fuel the growth of chassis dynamometers market.
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Geographical Analysis
Europe held the most astounding piece of pie in the overall market owing to increasing consumer preference of electric dynamometer over the other types of dynamometer in countries such as Germany, Italy and France are the largest consumption place for automotive chassis dynamometers. Furthermore, following Europe, North America is expected to grow chassis dynamometer market, owing to consumer awareness and concern about the benefits of automotive chassis dynamometers over the forecast period. Asia-Pacific is anticipate to dominate the automotive chassis dynamometer market over the forecast period. Asia-Pacific region includes countries like India, China and Japan, makes this region one of the fastest growing market for chassis dynamometer due to growing automotive market. Also, Latin America and the Middle East are sustaining the growth of automotive chassis dynamometers market due to expected growth in the automobile industry.
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Key Players
Some of the key players operating in the global automotive chassis dynamometers market, profiled in the report include HORIBA, Meidensha, AVL List, MTS, Rototest, MAHA, Mustang Dynamometer, SuperFlow, Shin Nippon Tokki, Sierra Instruments, Dyno Dynamics, Dynapack, Hofmann TeSys and among others.
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