Automotive Chassis Dynamometer Market Outlook
According to the report by Expert Market Research (EMR), “The Global Automotive Chassis Dynamometer Market Size, Share, Analysis, Report and Forecast 2024-2032″,the Global Automotive Chassis Dynamometer Market reached a value of USD 910.07 million in 2023. Aided by increasing production of vehicles and rising investment by key players, the market is projected to further grow at a CAGR of 2.30% between 2024 and 2032 to reach a value of USD 1043.11 million by 2032.
A chassis dynamometer, also known as a rolling road, is a device that enables the testing of a vehicle’s performance, such as power and torque output, at its wheels. These machines play a critical role in diagnosing performance issues, tuning engines, and conducting compliance testing with emission regulations. Moreover, they offer an efficient method of simulating road conditions in a controlled environment.
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The increasing demand for precision in vehicle performance testing is a key factor driving the automotive chassis dynamometer market growth. As consumer expectations for vehicle performance and fuel efficiency rise, the need for precise and comprehensive vehicle testing has become paramount. This has led to a significant surge in demand for chassis dynamometers, which provide highly accurate testing and diagnostic capabilities.
Additionally, the growing trend of electric and hybrid vehicles has contributed to the increasing popularity of chassis dynamometers. These machines are instrumental in testing and tuning the unique powertrains of such vehicles, thereby becoming an indispensable tool in the development and production process of electric and hybrid vehicles.
The expanding applications of chassis dynamometers across various industries also significantly contribute to the growing automotive chassis dynamometer market demand. Beyond the automotive industry, chassis dynamometers are used in the research and development processes of heavy machinery, motorbikes, and in the aviation industry for testing aircraft ground equipment. In each of these applications, the device’s ability to simulate real-world conditions in a controlled environment makes it an invaluable tool.
Moreover, the increasing focus on reducing environmental impact has led to an emphasis on emission control and compliance testing, further boosting the automotive chassis dynamometer market expansion. As governments around the world enforce stricter emission standards, the demand for advanced testing equipment like chassis dynamometers, capable of evaluating vehicle emissions accurately, has grown exponentially.
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Automotive Chassis Dynamometer Market Segmentation
The market can be divided based on product type, vehicle type, and region.
Market Breakup by Product Type
- Single Roller
- Multi Roller
Market Breakup by Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Automotive Chassis Dynamometer Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global automotive chassis dynamometer companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Mustang Dynamometer
- ONO SOKKI CO. LTD.
- Sierra Instruments Inc.
- Apicom Groupe
- Meidensha Corporation
- Others
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