Technology Research Reports Automotive Emission Test Equipment Market

Automotive Emission Test Equipment Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc. “Automotive Emission Test Equipment Market Worth $869.8 Million By 2025” The global automotive emission test equipment market size is anticipated to reach USD 869.8 million by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 5.1% during the forecast period. The demand for automotive emission test systems is estimated to increase owing to stringent regulations associated with vehicle exhaust emissions and soaring need for regular periodic technical inspections (PTI) that are aimed at regulating gaseous emissions from exhaust vehicles. Rising concerns to limit adverse environmental effects caused by passenger and light- duty vehicles are also expected to drive the automotive emission test equipment market over the forecast period. The emission test equipment segment held the largest share in the automotive emission test system market in 2018. It is likely to maintain its dominance in through 2025, on account of surging demand for testing equipment worldwide, especially from automobile manufacturers. Furthermore, the emission test services segment in the automotive emission test system market is a developed business sector across the U.S. and EU member nations. The growth of the segment can be attributed to increasing demand for service centers owing to emission targets mentioned by governments of EU countries. Asia Pacific is poised to register the highest CAGR over the forecast period. The growth of the region can be attributed to surging adoption of emission norms and growing emphasis on ensuring that automobile manufacturers comply with the same, especially in developing countries such as China and India. These countries are focusing extensively on regulating, monitoring, and reducing greenhouse gas (GHG) emissions in order to cut down adverse effects on environment due to excessive GHG emissions by vehicle exhaust systems. Follow Us: