Global Automotive Chassis Dynamometer Market Report and Forecast 2024-2032

Global Automotive Chassis Dynamometer Market Outlook

The global automotive chassis dynamometer market size attained a value of more than USD 931.00 million in 2023. The market is further expected to grow at a CAGR of 2.30% between 2024 and 2032, reaching a value of USD 1,142.44 million by 2032.

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Key Trends in the Market

An automotive chassis dynamometer is a mechanical testing device that measures the torque and horsepower of a vehicle by recreating its load during acceleration. Components of automotive chassis dynamometers include software, braking absorption systems, and rollers. Automotive chassis dynamometers also provide information about factors such as rotating mass and parasitic loss, which can improve vehicle understanding among manufacturers.  

• The global automotive chassis dynamometer market is driven by the increasing sales of passenger cars, motorcycles, vans, and trucks, bolstered by the rising per capita GDP across emerging economies and growing population of vehicle buyers.

• Growing investments by the major market players towards innovating cars for passengers by enhancing fuel efficiency and safety standards are boosting the market dynamics. Policies of various governments are also aimed towards encouraging fuel-efficient automotive infrastructure.

• With increasing production of vehicles, there is a greater focus on quality control due to which more manufacturers are utilising automotive chassis dynamometer. The market is also expected to be influenced by the thriving transportation sector which in turn is propelling the sale of commercial vehicles.

Market Analysis

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Based on product type, the market can be segmented into single roller and multi roller. On the basis of vehicle type, the market can be classified into passenger vehicles  and commercial vehicles. The regional markets for automotive chassis dynamometers can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.  

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global automotive chassis dynamometer market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

• Mustang Dynamometer

• ONO SOKKI CO. LTD.

• Sierra Instruments Inc.

• Apicom Groupe

• Meidensha Corporation

• Others

Market Share by Vehicle Type

The passenger vehicle segment, based on vehicle type, accounts for a significant share in the automotive chassis dynamometer market. The increasing sale of passenger cars, trucks, and motorcycles, driven by the rising disposable income and robust urban growth across the developing nations, is propelling the segment’s growth. Growing research and development activities by major automotive manufacturers aimed towards producing fuel efficient and superior performance vehicles are further bolstering the demand for automotive chassis dynamometers. In addition, stringent safety standards on passenger vehicles placed by various governments are expected to lead to the development of high-quality automotive chassis dynamometers in the forecast period. 

Market Share by Region

On the basis of region, Asia Pacific holds a decent share in the automotive chassis dynamometer market. Strong presence of major automotive manufacturers, across developing economies such as China and India, is leading the market in this region. In addition, the increasing sale of passenger and commercial vehicles, supported to by rising per capita GDP and growing population of car buyers, is being witnessed in the region. Moreover, the burgeoning transportation sector, improvements in road infrastructure, rising number of public vehicle users, and increasing domestic trading activities are expected to propel the sale of commercial vehicles in the region in the forecast period. 

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Competitive Landscape

Mustang Dynamometer is a car repair and maintenance company based in Ohio, United States. The company was established in the year 1975 and currently manufactures high-performance dynamometers, offering superior and accurate testing equipment. The company provides expertise in chassis, engine, end of line testing, and promotional goods, among others.

ONO SOKKI CO. LTD. is a leading manufacturer of measuring instruments and is known to manufacture myriad products using digital technologies. With headquarters in Yokohama, Japan, the company focuses on utilising digital technology for measurement operations. It caters to the needs of the automotive sector with a variety of products and solutions such as engine RPM and speed measurement, and engine performance testing, among others.

Sierra Instruments Inc. was founded in the year 1971 and is currently headquartered in California, United States. It is a prominent measuring instruments manufacturer which designs and innovates superior-quality thermal mass flow controllers and vortex flow meters, among others. Some of the other products included in the company’s portfolio are flow switches and gas meters.

Other market players include Apicom Groupe, and Meidensha Corporation, among others.

Key Highlights of the Report