Dynamometer Product & Services Market- Forecast (2018-2023)Posted by Venkatesh on October 31st, 2018 According to the new market research report by IndustryARC titled “Dynamometer Product & Services Market: By Type (Absorption, Transmission, Motoring); By Absorption Units (Solid/Hydraulic Frictions, Eddy Current); By Transmission (Epicyclical Train, Belt); By Measurement (Force, Power); By End-User (Manufacturing, Automotive, Kinesiology); By Geography - Forecast (2018-2023)”, the market is driven by the growing demand from the automotive industry. Global Dynamometer Products & Services Market generated revenue of 9.8 million in 2017, and is forecast to reach revenue of .550 billion by 2023, growing at a CAGR of 7.6% during 2018-2023. North America continues to lead the Dynamometer Products & Services Market share during 2018-2023. The market for dynamometer in 2014 was leading in North America with 38% share, followed by Europe and Asia-Pacific (APAC) with 28% & 23% share, respectively. In Europe and North America, the dynamometer industry is matured as testing equipment has been practiced since long time. However, Eastern Europe and South American countries such as Mexico and Brazil, are the potential market due to increasing production capacity. On the other hand, the test equipment market of Asia-Pacific and RoW regions are emerging significantly due to the increase in the number of vehicle assembly lines and engine plants, with the growing demand for light, medium and heavy vehicles in countries such as China, India, South Korea, and so on. North America is the largest market for dynamometers, accounting for revenue of 6.2 million in 2017. This segment is projected to grow to 1.78 million by 2023 as growing demand for hydraulic dynamometers, particularly in the energy and power industry, drive the market. RoW region is forecast to grow at a very slow CAGR of 0.4%, as lack of growth of the manufacturing segment in the Middle East slows down the market. The APAC region is forecast to exhibit the highest CAGR of 9.8% through 2023. The significant investment in the manufacturing sector over the next few years will drive this growth. In North America, Eddy Current Dynamometers type segment is leading the market that had registered 5.8 million revenue in 2017, and is projected to reach 8.388 million by 2023 at 5.1% CAGR. Selected / Sample Analysis done in the Dynamometer Products & Services Market Report: The value chain analysis explains the comprehensive evaluation of each activity involved in the processing of any product/service, and finally delivering it to the end-users. Each stage across the value chain of a product or service is associated with creating some sort of monetary value. The value chain analysis can offer the company to examine every activity across the value chain, and identify the steps where elimination or modification is essential. Once these specifications are laid down, the designing phase deals with the development of a viable product. The prototypes are passed through various iterations until the desired result is achieved. This phase is also responsible for listing the required processing technology, materials and components in order to manufacture the dynamometer. The successive step deals with procuring required components and materials, handled entirely by secondary activity known as inbound logistics. The manufacturing equipment providers provide the necessary machinery and services support for producing the signaling devices. These devices are simultaneously tested and dispatched for outbound logistics. The outbound logistics deals with the pricing and distribution channel of these devices. After the end-user has acquired the requisite dynamometer, the dynamometer manufacturers offer all sorts of installation and maintenance services till the end of the product lifecycle. To access / purchase the Dynamometer Products & Services Market report browse the link below https://industryarc.com/Report/97/global-dynamometer-market.html Excerpts on Dynamometer Products & Services Market Growth Factors Mentioned in the Full Report: In automotive applications, enhanced accuracy, increasing demand for vehicle quality standards, and increasing awareness towards quality in developing countries are the major drivers for dynamometer that are expected to drive market growth. Key Players of the Dynamometer Products & Services Market: The key players in the market includes Horiba (Japan), Meiden America, Inc. (U.S.), Mustang Dynamometer (U.S.), Kistler (Switzerland), Piper test and measurement (U.K.), Wineman Technology, Inc. (U.S.). Horiba (Japan) is the leading manufacturer of dynamometers, which are used in applications to test engines, power train, chassis, motors and so on. Automotive test system is the leading segment for Horiba. They have acquired MIRA, Ltd, a U.K. based vehicle engineering consultancy and testing service provider to complement their existing line of testing equipment products and extend their dominance in the dynamometer market. Horiba is the leading player in the dynamometer industry, with a market share of 17.02% in 2017, owing to the wide range of product portfolio combined with strong distribution channels worldwide. Dynamometer Products & Services Market Report is Segmented as below. Dynamometer Products & Services Market By Type : Companies Cited / Interviewed AW DYNAMOMETER, INC. What can you expect from the Dynamometer Products & Services Market report? The Dynamometer Products & Services Market Report is Prepared with the Main Agenda to Cover the following 20 points: Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirements. You can drop in an e-mail to sales@industryarc.com to discuss more about our consulting services. Media Contact: About IndustryARC: Like it? Share it!More by this author |