Market Overview:
The global new energy vehicle test equipment market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and rising awareness about environment-friendly transportation options. The electrically driven segment is expected to hold the largest share of the global new energy vehicle test equipment market in 2018. This can be attributed to the growing demand for electric vehicles across the globe. The reducer segment is projected to grow at a high CAGR during the forecast period, owing to its ability to reduce emissions and improve fuel efficiency in vehicles. The car manufacturer segment is estimated to account for majority ofthe global new energy vehicle test equipment market in 2018, followed by component manufacturers and others segments respectively.
Product Definition:
New Energy Vehicle Test Equipment is used to test the performance and safety of new energy vehicles. The importance of New Energy Vehicle Test Equipment is that it helps ensure that new energy vehicles meet all required standards before being sold to consumers.
Electrically Driven:
Electric driven vehicles are expected to witness significant growth over the forecast period owing to increasing environmental concerns and stringent government regulations. Electrically driven vehicles have gained popularity in recent years, with hybrid electric cars being preferred by most manufacturers. The global electrically driven vehicle test equipment market is still in its nascent stage; however, it has a huge potential for growth over the next decade or so.
Reducer:
The reducer is a device that reduces the speed of one or more electric motors. It does this by increasing the resistance between two windings of a coil, or by changing the shape of some blades in an electrical motor. The primary function of a reducer is to reduce speed; however, it also has other functions such as improving torque and reducing noise & vibration in electric motors.
Reducers are used for various applications including automotive test equipment.
Application Insights:
The global new energy vehicle test equipment market is segmented by application into car manufacturer, component manufacturer and others. The car manufacturer segment dominated the overall market in terms of revenue share in 2017. This can be attributed to the increasing production of electric vehicles across various regions, such as Asia Pacific and Europe. Furthermore, governments across various countries are taking initiatives to encourage manufacturers to build electric cars that operate on batteries manufactured using recycled materials or minerals extracted from renewable sources, thereby driving demand for GVETEs among car manufacturers globally.
Component manufacturing companies use GVETEs for testing their products before they are shipped out to customers or placed in storage facilities waiting for repair services. These service providers also use these tools during pre-shipment inspection performed by logistics companies responsible for delivering automotive components worldwide. Other key end users include aftermarket parts suppliers who offer a wide range of replacement parts along with original equipment manufacture (OEM) products sold through authorized dealerships and service centers worldwide.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a growing adoption of electric vehicles on account of supportive government policies, increasing battery production capacities, and rising investments by key players in China. In addition, favorable regulations such as “National Energy Strategy†formulated by the Australian Government are likely to boost demand for sustainable energy sources across all sectors including transportation. This factor is anticipated to drive new energy vehicle test equipment market growth over the forecast period.
Europe was estimated at USD X million in 2017 owing to high demand from European countries such as Germany and France that have adopted stringent emission norms requiring manufacturers of passenger cars or commercial vehicles with a gross weight exceeding 3 tons to install EOBT at their premises within two years from January 2018.
Growth Factors:
- Increasing demand for electric and hybrid vehicles
- Rising awareness about the benefits of using new energy test equipment
- Technological advancements in new energy vehicle test equipment
- Growing number of research and development activities in new energy vehicle technology
- Increasing investments in the automotive sector
Scope Of The Report
Report Attributes
Report Details
Report Title
New Energy Vehicle Test Equipment Market Research Report
By Type
Electrically Driven, Reducer, End of Line Testing Tool, Other Equipments
By Application
Car Manufacturer, Component Manufacturer, Others
By Companies
AVL List, Liance Jidian, Chongqing CTI, HORIBA, Thyssen Krupp, Shanghai W-ibeda High Tech, Xiangyi Dongce, Langdi Measurement Control, Chengbang Science and Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global New Energy Vehicle Test Equipment Market Report Segments:
The global New Energy Vehicle Test Equipment market is segmented on the basis of:
Types
Electrically Driven, Reducer, End of Line Testing Tool, Other Equipments
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Car Manufacturer, Component Manufacturer, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AVL List
- Liance Jidian
- Chongqing CTI
- HORIBA
- Thyssen Krupp
- Shanghai W-ibeda High Tech
- Xiangyi Dongce
- Langdi Measurement Control
- Chengbang Science and Technology
Highlights of The New Energy Vehicle Test Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electrically Driven
- Reducer
- End of Line Testing Tool
- Other Equipments
- By Application:
- Car Manufacturer
- Component Manufacturer
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the New Energy Vehicle Test Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
New Energy Vehicle Test Equipment (NEXT-TE) is a type of equipment used to test electric vehicles and other new energy technologies. NEXT-TE can measure various aspects of the vehicle, such as range, speed, acceleration, braking and more.
Some of the key players operating in the new energy vehicle test equipment market are AVL List, Liance Jidian, Chongqing CTI, HORIBA, Thyssen Krupp, Shanghai W-ibeda High Tech, Xiangyi Dongce, Langdi Measurement Control, Chengbang Science and Technology.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 New Energy Vehicle Test Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 New Energy Vehicle Test Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 New Energy Vehicle Test Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the New Energy Vehicle Test Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global New Energy Vehicle Test Equipment Market Size & Forecast, 2020-2028
4.5.1 New Energy Vehicle Test Equipment Market Size and Y-o-Y Growth
4.5.2 New Energy Vehicle Test Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electrically Driven
5.2.2 Reducer
5.2.3 End of Line Testing Tool
5.2.4 Other Equipments
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Car Manufacturer
6.2.2 Component Manufacturer
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global New Energy Vehicle Test Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 New Energy Vehicle Test Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electrically Driven
9.6.2 Reducer
9.6.3 End of Line Testing Tool
9.6.4 Other Equipments
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Car Manufacturer
9.10.2 Component Manufacturer
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electrically Driven
10.6.2 Reducer
10.6.3 End of Line Testing Tool
10.6.4 Other Equipments
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Car Manufacturer
10.10.2 Component Manufacturer
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electrically Driven
11.6.2 Reducer
11.6.3 End of Line Testing Tool
11.6.4 Other Equipments
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Car Manufacturer
11.10.2 Component Manufacturer
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electrically Driven
12.6.2 Reducer
12.6.3 End of Line Testing Tool
12.6.4 Other Equipments
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Car Manufacturer
12.10.2 Component Manufacturer
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electrically Driven
13.6.2 Reducer
13.6.3 End of Line Testing Tool
13.6.4 Other Equipments
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Car Manufacturer
13.10.2 Component Manufacturer
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 New Energy Vehicle Test Equipment Market: Competitive Dashboard
14.2 Global New Energy Vehicle Test Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AVL List
14.3.2 Liance Jidian
14.3.3 Chongqing CTI
14.3.4 HORIBA
14.3.5 Thyssen Krupp
14.3.6 Shanghai W-ibeda High Tech
14.3.7 Xiangyi Dongce
14.3.8 Langdi Measurement Control
14.3.9 Chengbang Science and Technology
