Global Automotive Engine Dynamometers Market is Predicted to Grow at a CAGR of 3.6% from US$ 207.5 Million in 2020 to US$ 277.2 Million in 2028

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Automotive Engine Dynamometers
Automotive Engine Dynamometers

The global Automotive Engine Dynamometers Market was worth US$ 207.5 million in 2020, and is predicted to grow at a CAGR of 3.6 percent to US$ 277.2 million in 2028. In 2020, Asia Pacific accounted for more than 35% of worldwide automobile engine dynamometer revenue. The need for engine dynamometers is increasing as the number of vehicles on the road grows. A dynamometer is a device that measures the force, torque, and power generated by an engine. Dynamometers are also utilised as a test bench for a number of engine development operations and to simulate engine road loading.

COVID-19 has wreaked havoc on the automotive industry, forcing closures and postponements of operations at factories and warehouses all around the world. Due to COVID-19, massive automated production businesses have lowered capital fees for 2020. Asia Pacific dominated the Global Automotive Engine Dynamometers Market in 2020, and this dominance is likely to continue throughout the forecast period. With a CAGR of 4.0 percent throughout the projection period, the Asia Pacific market is expected to reach US$ 98.0 Mn by 2028, up from US$ 66.7 Mn in 2017.

During the forecast period, the gasoline engine sector is likely to have a leading position in the worldwide Automotive Engine Dynamometers Market. In 2018, the gasoline category is estimated to account for 41.3 percent of the global market for engine dynamometers. Due to rising regulatory requirements for environmental safety and reducing pollutant and greenhouse gas emissions, this category is predicted to grow at the fastest rate of 4.3 percent.

MEIDENSHA CORPORATION., HORIBA, Ltd., Rototest, NTS, AVL List GmbH, MTS Systems Corporation, Froude, Inc., Sierra Instruments, Inc., Schenck RoTec GmbH, Dyno Dynamics, SGS SA, SuperFlow Dynamometers & Flowbenches, Mustang Dynamometer, and Taylor Dynamometer are some of the major players in the global Automotive Engine Dynamometers Market.

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