Automotive Dyno Market Size Worth US$ 1,039 Million by 2024 | CAGR 2.6%

Global Automotive Dyno Market Research Report and Forecast 2024

Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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Global Automotive Dyno Market Overview: As per the latest report by IMARC Group, titled “ Automotive Dyno Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019 -2024 �, the global automotive dyno market size reached US$ 891 Million in 2018. A dynamometer, also known as a dyno, is a load device that measures the power output of an engine. This includes mechanical parameters, such as force, power, speed, rotational speed (RPM) and torque of the vehicle.

A dynamometer is assembled using several components, such as a shaft with bearings, speed sensor, resistance surface, strain gage, and resistance mechanism in free rotating housing. It is primarily utilized in the automotive industry for recording emissions, fuel consumption, rotational speed, acceleration of rollers, and the resistance generated by electromagnetic brakes. Apart from this, it also finds application in computing Exhaust Gas Temperature (EGT), Manifold Absolute Pressure (MAP) and Air to Fuel Ratio (AFR).

Automotive Dyno Market Trends Owing to rapid urbanization, industrialization and the burgeoning automotive industry, there is a boost in the overall sales of automobiles worldwide for everyday commutation and the transportation of goods.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Million US$

in Million US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

This, along with the rising demand for automobile restoration and refurbishment, is bolstering the automotive dyno market growth. The increasing applicability of dynamometers in various industries, such as aerospace, aviation and marine, which require the equipment to ensure maximum efficiency of vessel engines is another major growth-inducing factor.

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Moreover, technological innovations, including the development of engine torque pulsation simulation (ETPS) dynamometer, and the availability of automation procedures, such as engine mounting testbed and crank angle position detection are anticipated to propel the market growth further. On account of these factors, the market value is projected to reach US$ 1,039 Million by 2024, expanding at a CAGR of 2.6% during 2019-2024.

Key Market Segmentation: Market Segmentation by Product Type o Chassis Dyno o Engine Dyno o Others Based on the product type, the market has been classified into chassis, engine and other dynamometers. At present, chassis dyno represents the most preferred product type worldwide.

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Market Segmentation by Application • •

Automotive OEM Automotive Aftermarket

On the basis of the application, the market has been bifurcated into automotive OEM and aftermarket.

Market Segmentation by Region • • • • •

Asia Pacific Europe North America Middle East and Africa Latin America

Region-wise, Asia Pacific represents the largest market. Other major markets include Europe, North America, Latin America, and Middle East and Africa.

Competitive Landscape:

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The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • • • • • • • • •

AVL HORIBA Meidensha Power Test SAKOR Technologies Taylor Dynamometer Meidensha Rototest MTS NTS SuperFlow Schenck SGS Sierra Instruments Mustang Advanced Engineering KAHN

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Froude Hofmann

Browse Related Report Automotive Lead Acid Battery Market Report: https://www.imarcgroup.com/automotive-lead-acid-battery-market Automotive Electronics Market Report: https://www.imarcgroup.com/automotive-electronics-market

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