The global automotive dyno market is anticipated to grow at a CAGR of 2.5% during the forecast period (2022-2028). Automotive dyno is defined as a device for measuring force, moment of force (torque), or power. For instance, the power produced by an engine, motor or other rotating prime mover can be calculated by simultaneously measuring torque and rotational speed (rpm). With the use of a dyno, tuning a vehicle also enables in measuring other things such as engine horsepower, and the mixture of air and fuel in the engine. As changes are made to a vehicle, one can see firsthand how the power of an engine is affected. Owing to all these benefits offered by the automotive dyno, its market is likely to grow in the future years.
The market growth is also attributable to the stable growth in vehicle production and their sales coupled with the demand for luxury vehicles all over the globe. For instance, as per the OICA, total vehicle sales including the passenger cars and light commercial vehicles, had increased to 92,654,055 units in 2018 from 91,458,490 units in 2016. This, in turn, have surged the demand for automotive dyno. Adding to this, the introduction of new technologies such as engine torque pulsation simulation (ETPS) dynamometer is another factor positively influencing the market growth. Further, the increasing applications of dyno in other verticals such as aerospace, aviation, and marine that require the equipment to ensure maximum efficiency of vessel engines is projected to drive the growth of the global automotive dyno market during the forecast period.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Application
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: AVL List GmbH, Horiba Corp., and SAKOR Technologies, among
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Global Automotive Dyno Market Report by Segment
By Product Type
- Chassis Dyno
- Engine Dyno
By Application
- OEM
- Aftermarket
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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