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Automotive Dyno Market Will Showcase Negative Impact During 2020-2024 | Dependence on Software-Based Systems to Boost the Market Growth | Technavio

LONDON--(BUSINESS WIRE)--Oct 7, 2020--

Technavio has been monitoring the global automotive dyno market and it is poised to grow by USD 190.18 mn during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Automotive Dyno Market 2020-2024 (Graphic: Business Wire)

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ATS Automation Tooling Systems Inc., AVL List GmbH, Dynomerk Controls, Froude Inc., HORIBA Ltd., Meidensha Corp., Mustang Dynamometer, Power Test Inc., SAKOR Technologies Inc., and Taylor Dynamometer are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Dependence on software-based systems has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Automotive Dyno Market 2020-2024: Segmentation

Automotive Dyno Market is segmented as below:

  • Type
    • Chassis Dyno
    • Engine Dyno
  • Geographic Landscape
    • North America
    • APAC
    • Europe
    • South America
    • MEA

Automotive Dyno Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive dyno market report covers the following areas:

  • Automotive Dyno Market Size
  • Automotive Dyno Market Trends
  • Automotive Dyno Market Industry Analysis

This study identifies the need for over-the-air testing, inspection, and certification (TIC) for vehicles as one of the prime reasons driving the global automotive dyno market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Dyno Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist automotive dyno market growth during the next five years
  • Estimation of the automotive dyno market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive dyno market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of global automotive dyno market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type placement
  • Chassis dyno - Market size and forecast 2019-2024
  • Engine dyno - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption
  • Vendor Analysis

Vendors covered

  • Market positioning of vendors
  • ATS Automation Tooling Systems Inc.
  • AVL List GmbH
  • Dynomerk Controls
  • Froude Inc.
  • HORIBA Ltd.
  • Meidensha Corp.
  • Mustang Dynamometer
  • Power Test Inc.
  • SAKOR Technologies Inc.
  • Taylor Dynamometer

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201007005434/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: OTHER MANUFACTURING TECHNOLOGY AFTERMARKET AUTOMOTIVE GENERAL AUTOMOTIVE AUTOMOTIVE MANUFACTURING MANUFACTURING OTHER AUTOMOTIVE SOFTWARE

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 10/07/2020 05:30 AM/DISC: 10/07/2020 05:30 AM

http://www.businesswire.com/news/home/20201007005434/en

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