The North America Automotive Test Equipment Market is expected to witness market growth of 4.3% CAGR during the forecast period (2024-2031).
The US market dominated the North America Automotive Test Equipment Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $698.6 million by 2031. The Canada market is experiencing a CAGR of 6.5% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 5.6% during 2024-2031.
The automotive industry is undergoing a transition that is marked by the adoption of cutting-edge technology, more stringent regulatory frameworks, and a greater focus on efficiency, safety, and sustainability. At the heart of this transformation lies the increasing need for robust testing mechanisms to validate modern vehicles' performance, reliability, and compliance with regulatory and consumer expectations.
This necessity has facilitated the growth and development of this market, which is essential for the environmental, safety, and quality performance of automobiles, ranging from conventional internal combustion engine (ICE) vehicles to the most advanced electric and autonomous vehicles.
Mexico, the world’s seventh-largest passenger vehicle manufacturer, also witnessed increased production of electric and hybrid vehicles, leading to rising demand for automotive test equipment. In 2022, EV and hybrid production in Mexico reached 51,065 units, marking an 8.5% increase from 2021. The country’s automotive industry benefits significantly from trade agreements like the United States-Mexico-Canada Agreement (USMCA), which fosters investment from global automakers. As Mexico continues to scale up EV production and exports, the need for cutting-edge testing equipment to evaluate vehicle emissions, battery systems, and overall safety is expected to grow significantly. Consequently, this market is experiencing additional growth as a result of the region's dedication to the development of sustainable transportation solutions and the reduction of carbon emissions. This development has further solidified North America's status as a major participant in the development of next-generation vehicle testing technologies.
The US market dominated the North America Automotive Test Equipment Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $698.6 million by 2031. The Canada market is experiencing a CAGR of 6.5% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 5.6% during 2024-2031.
The automotive industry is undergoing a transition that is marked by the adoption of cutting-edge technology, more stringent regulatory frameworks, and a greater focus on efficiency, safety, and sustainability. At the heart of this transformation lies the increasing need for robust testing mechanisms to validate modern vehicles' performance, reliability, and compliance with regulatory and consumer expectations.
This necessity has facilitated the growth and development of this market, which is essential for the environmental, safety, and quality performance of automobiles, ranging from conventional internal combustion engine (ICE) vehicles to the most advanced electric and autonomous vehicles.
Mexico, the world’s seventh-largest passenger vehicle manufacturer, also witnessed increased production of electric and hybrid vehicles, leading to rising demand for automotive test equipment. In 2022, EV and hybrid production in Mexico reached 51,065 units, marking an 8.5% increase from 2021. The country’s automotive industry benefits significantly from trade agreements like the United States-Mexico-Canada Agreement (USMCA), which fosters investment from global automakers. As Mexico continues to scale up EV production and exports, the need for cutting-edge testing equipment to evaluate vehicle emissions, battery systems, and overall safety is expected to grow significantly. Consequently, this market is experiencing additional growth as a result of the region's dedication to the development of sustainable transportation solutions and the reduction of carbon emissions. This development has further solidified North America's status as a major participant in the development of next-generation vehicle testing technologies.
List of Key Companies Profiled
- Robert Bosch GmbH
- Continental AG
- Siemens AG
- Honeywell International, Inc.
- ABB Ltd.
- DENSO CORPORATION
- Horiba Ltd.
- SGS S.A.
- Anthony Best Dynamics Limited
- Teradyne, Inc.
Market Report Segmentation
By Vehicle
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Application Tools
- Handheld Scan Tool
- PC/Laptop-Based Scan Tool
- Mobile Device-Based Scan Tool
By Product
- Chassis Dynamometer
- Engine Dynamometer
- Vehicle Emission Test System
- Wheel Alignment Tester
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Automotive Test Equipment Market by Vehicle
Chapter 6. North America Automotive Test Equipment Market by Application Tools
Chapter 7. North America Automotive Test Equipment Market by Product
Chapter 8. North America Automotive Test Equipment Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Robert Bosch GmbH
- Continental AG
- Siemens AG
- Honeywell International, Inc.
- ABB Ltd.
- DENSO CORPORATION
- Horiba Ltd.
- SGS S.A.
- Anthony Best Dynamics Limited
- Teradyne, Inc.
Methodology
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