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PUBLISHER: KBV Research | PRODUCT CODE: 1709874
PUBLISHER: KBV Research | PRODUCT CODE: 1709874
LAMEA Automotive Test Equipment Market Size, Share & Trends Analysis Report By Vehicle (Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle), By Application Tools, By Product, By Country and Growth Forecast, 2024 - 2031
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The Latin America, Middle East and Africa Automotive Test Equipment Market would witness market growth of 6.5% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Automotive Test Equipment Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $77.3 million by 2031. The Argentina market is showcasing a CAGR of 7.2% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 5.5% during (2024 - 2031).
The International Energy Agency (IEA) predicts that the number of electric cars sold will continue to increase, with an estimated 17 million units sold by 2024. This figure represents over one-fifth of all vehicles sold. Compared to the first quarter of 2023, electric car sales increased by approximately 25% in the first quarter of 2024, a trend that was consistent with the year-over-year growth observed in the same period of 2022.
Underpinned by ongoing policy support, declining battery and car prices, and competition among manufacturers, the market share of electric cars could reach up to 45% in China, 25% in Europe, and over 11% in the United States by 2024. EVs are powered by complex electrical systems and high-voltage batteries that require rigorous testing for efficiency, durability, and safety.
The automotive industry is expanding rapidly in South Africa, Egypt, and Nigeria. South Africa, the continent's largest vehicle producer, has stringent Automotive Production and Development Program (APDP) requirements, encouraging manufacturers to adopt state-of-the-art testing solutions to ensure high vehicle safety and performance standards. The automotive industry's aggregate contribution to the gross domestic product (GDP) in 2022 was 4.9%, with 2.9% coming from manufacturing and 2% from retail. The import of replacement parts increased by 18.6 percent to R68.3 billion ($4.3 billion) in 2021, from R57.6 billion ($3.6 billion) in 2020. As the country invests in renewable energy-powered charging stations, the focus on testing vehicle range optimization, energy recovery systems, and compliance with emission standards has intensified. Therefore, as electric mobility continues to expand, the automotive test equipment market in the LAMEA region is poised for significant growth, supporting the region's transition toward a cleaner, more efficient transportation landscape.
Based on Vehicle, the market is segmented into Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle. Based on Application Tools, the market is segmented into Handheld Scan Tool, PC/Laptop-Based Scan Tool, and Mobile Device-Based Scan Tool. Based on Product, the market is segmented into Chassis Dynamometer, Engine Dynamometer, Vehicle Emission Test System, and Wheel Alignment Tester. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Robert Bosch GmbH
- Continental AG
- Siemens AG
- Honeywell International, Inc.
- ABB Ltd.
- DENSO CORPORATION
- Horiba Ltd.
- SGS S.A.
- Anthony Best Dynamics Limited
- Teradyne, Inc.
LAMEA Automotive Test Equipment Market Report Segmentation
By Vehicle
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
By Application Tools
- Handheld Scan Tool
- PC/Laptop-Based Scan Tool
- Mobile Device-Based Scan Tool
By Product
- Chassis Dynamometer
- Engine Dynamometer
- Vehicle Emission Test System
- Wheel Alignment Tester
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 LAMEA Automotive Test Equipment Market, by Vehicle
- 1.4.2 LAMEA Automotive Test Equipment Market, by Application Tools
- 1.4.3 LAMEA Automotive Test Equipment Market, by Product
- 1.4.4 LAMEA Automotive Test Equipment Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 Market Share Analysis, 2023
- 4.2 Porter Five Forces Analysis
Chapter 5. LAMEA Automotive Test Equipment Market by Vehicle
- 5.1 LAMEA Passenger Vehicle Market by Country
- 5.2 LAMEA Light Commercial Vehicle Market by Country
- 5.3 LAMEA Heavy Commercial Vehicle Market by Country
Chapter 6. LAMEA Automotive Test Equipment Market by Application Tools
- 6.1 LAMEA Handheld Scan Tool Market by Country
- 6.2 LAMEA PC/Laptop-Based Scan Tool Market by Country
- 6.3 LAMEA Mobile Device-Based Scan Tool Market by Country
Chapter 7. LAMEA Automotive Test Equipment Market by Product
- 7.1 LAMEA Chassis Dynamometer Market by Country
- 7.2 LAMEA Engine Dynamometer Market by Country
- 7.3 LAMEA Vehicle Emission Test System Market by Country
- 7.4 LAMEA Wheel Alignment Tester Market by Country
Chapter 8. LAMEA Automotive Test Equipment Market by Country
- 8.1 Brazil Automotive Test Equipment Market
- 8.1.1 Brazil Automotive Test Equipment Market by Vehicle
- 8.1.2 Brazil Automotive Test Equipment Market by Application Tools
- 8.1.3 Brazil Automotive Test Equipment Market by Product
- 8.2 Argentina Automotive Test Equipment Market
- 8.2.1 Argentina Automotive Test Equipment Market by Vehicle
- 8.2.2 Argentina Automotive Test Equipment Market by Application Tools
- 8.2.3 Argentina Automotive Test Equipment Market by Product
- 8.3 UAE Automotive Test Equipment Market
- 8.3.1 UAE Automotive Test Equipment Market by Vehicle
- 8.3.2 UAE Automotive Test Equipment Market by Application Tools
- 8.3.3 UAE Automotive Test Equipment Market by Product
- 8.4 Saudi Arabia Automotive Test Equipment Market
- 8.4.1 Saudi Arabia Automotive Test Equipment Market by Vehicle
- 8.4.2 Saudi Arabia Automotive Test Equipment Market by Application Tools
- 8.4.3 Saudi Arabia Automotive Test Equipment Market by Product
- 8.5 South Africa Automotive Test Equipment Market
- 8.5.1 South Africa Automotive Test Equipment Market by Vehicle
- 8.5.2 South Africa Automotive Test Equipment Market by Application Tools
- 8.5.3 South Africa Automotive Test Equipment Market by Product
- 8.6 Nigeria Automotive Test Equipment Market
- 8.6.1 Nigeria Automotive Test Equipment Market by Vehicle
- 8.6.2 Nigeria Automotive Test Equipment Market by Application Tools
- 8.6.3 Nigeria Automotive Test Equipment Market by Product
- 8.7 Rest of LAMEA Automotive Test Equipment Market
- 8.7.1 Rest of LAMEA Automotive Test Equipment Market by Vehicle
- 8.7.2 Rest of LAMEA Automotive Test Equipment Market by Application Tools
- 8.7.3 Rest of LAMEA Automotive Test Equipment Market by Product
Chapter 9. Company Profiles
- 9.1 Robert Bosch GmbH
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.6 SWOT Analysis
- 9.2 Continental AG
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 SWOT Analysis
- 9.3 Siemens AG
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.5.2 Acquisition and Mergers:
- 9.3.6 SWOT Analysis
- 9.4 Honeywell International, Inc.
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 SWOT Analysis
- 9.5 ABB Ltd.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 SWOT Analysis
- 9.6 SGS S.A.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental Analysis
- 9.6.4 SWOT Analysis
- 9.7 Denso Corporation
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 SWOT Analysis
- 9.8 Horiba Ltd.
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Regional & Segmental Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 SWOT Analysis
- 9.9 Anthony Best Dynamics Limited
- 9.9.1 Company Overview
- 9.9.2 SWOT Analysis
- 9.10. Teradyne, Inc.
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 SWOT Analysis
LIST OF TABLES
- TABLE 1 LAMEA Automotive Test Equipment Market, 2020 - 2023, USD Million
- TABLE 2 LAMEA Automotive Test Equipment Market, 2024 - 2031, USD Million
- TABLE 3 LAMEA Automotive Test Equipment Market by Vehicle, 2020 - 2023, USD Million
- TABLE 4 LAMEA Automotive Test Equipment Market by Vehicle, 2024 - 2031, USD Million
- TABLE 5 LAMEA Passenger Vehicle Market by Country, 2020 - 2023, USD Million
- TABLE 6 LAMEA Passenger Vehicle Market by Country, 2024 - 2031, USD Million
- TABLE 7 LAMEA Light Commercial Vehicle Market by Country, 2020 - 2023, USD Million
- TABLE 8 LAMEA Light Commercial Vehicle Market by Country, 2024 - 2031, USD Million
- TABLE 9 LAMEA Heavy Commercial Vehicle Market by Country, 2020 - 2023, USD Million
- TABLE 10 LAMEA Heavy Commercial Vehicle Market by Country, 2024 - 2031, USD Million
- TABLE 11 LAMEA Automotive Test Equipment Market by Application Tools, 2020 - 2023, USD Million
- TABLE 12 LAMEA Automotive Test Equipment Market by Application Tools, 2024 - 2031, USD Million
- TABLE 13 LAMEA Handheld Scan Tool Market by Country, 2020 - 2023, USD Million
- TABLE 14 LAMEA Handheld Scan Tool Market by Country, 2024 - 2031, USD Million
- TABLE 15 LAMEA PC/Laptop-Based Scan Tool Market by Country, 2020 - 2023, USD Million
- TABLE 16 LAMEA PC/Laptop-Based Scan Tool Market by Country, 2024 - 2031, USD Million
- TABLE 17 LAMEA Mobile Device-Based Scan Tool Market by Country, 2020 - 2023, USD Million
- TABLE 18 LAMEA Mobile Device-Based Scan Tool Market by Country, 2024 - 2031, USD Million
- TABLE 19 LAMEA Automotive Test Equipment Market by Product, 2020 - 2023, USD Million
- TABLE 20 LAMEA Automotive Test Equipment Market by Product, 2024 - 2031, USD Million
- TABLE 21 LAMEA Chassis Dynamometer Market by Country, 2020 - 2023, USD Million
- TABLE 22 LAMEA Chassis Dynamometer Market by Country, 2024 - 2031, USD Million
- TABLE 23 LAMEA Engine Dynamometer Market by Country, 2020 - 2023, USD Million
- TABLE 24 LAMEA Engine Dynamometer Market by Country, 2024 - 2031, USD Million
- TABLE 25 LAMEA Vehicle Emission Test System Market by Country, 2020 - 2023, USD Million
- TABLE 26 LAMEA Vehicle Emission Test System Market by Country, 2024 - 2031, USD Million
- TABLE 27 LAMEA Wheel Alignment Tester Market by Country, 2020 - 2023, USD Million
- TABLE 28 LAMEA Wheel Alignment Tester Market by Country, 2024 - 2031, USD Million
- TABLE 29 LAMEA Automotive Test Equipment Market by Country, 2020 - 2023, USD Million
- TABLE 30 LAMEA Automotive Test Equipment Market by Country, 2024 - 2031, USD Million
- TABLE 31 Brazil Automotive Test Equipment Market, 2020 - 2023, USD Million
- TABLE 32 Brazil Automotive Test Equipment Market, 2024 - 2031, USD Million
- TABLE 33 Brazil Automotive Test Equipment Market by Vehicle, 2020 - 2023, USD Million
- TABLE 34 Brazil Automotive Test Equipment Market by Vehicle, 2024 - 2031, USD Million
- TABLE 35 Brazil Automotive Test Equipment Market by Application Tools, 2020 - 2023, USD Million
- TABLE 36 Brazil Automotive Test Equipment Market by Application Tools, 2024 - 2031, USD Million
- TABLE 37 Brazil Automotive Test Equipment Market by Product, 2020 - 2023, USD Million
- TABLE 38 Brazil Automotive Test Equipment Market by Product, 2024 - 2031, USD Million
- TABLE 39 Argentina Automotive Test Equipment Market, 2020 - 2023, USD Million
- TABLE 40 Argentina Automotive Test Equipment Market, 2024 - 2031, USD Million
- TABLE 41 Argentina Automotive Test Equipment Market by Vehicle, 2020 - 2023, USD Million
- TABLE 42 Argentina Automotive Test Equipment Market by Vehicle, 2024 - 2031, USD Million
- TABLE 43 Argentina Automotive Test Equipment Market by Application Tools, 2020 - 2023, USD Million
- TABLE 44 Argentina Automotive Test Equipment Market by Application Tools, 2024 - 2031, USD Million
- TABLE 45 Argentina Automotive Test Equipment Market by Product, 2020 - 2023, USD Million
- TABLE 46 Argentina Automotive Test Equipment Market by Product, 2024 - 2031, USD Million
- TABLE 47 UAE Automotive Test Equipment Market, 2020 - 2023, USD Million
- TABLE 48 UAE Automotive Test Equipment Market, 2024 - 2031, USD Million
- TABLE 49 UAE Automotive Test Equipment Market by Vehicle, 2020 - 2023, USD Million
- TABLE 50 UAE Automotive Test Equipment Market by Vehicle, 2024 - 2031, USD Million
- TABLE 51 UAE Automotive Test Equipment Market by Application Tools, 2020 - 2023, USD Million
- TABLE 52 UAE Automotive Test Equipment Market by Application Tools, 2024 - 2031, USD Million
- TABLE 53 UAE Automotive Test Equipment Market by Product, 2020 - 2023, USD Million
- TABLE 54 UAE Automotive Test Equipment Market by Product, 2024 - 2031, USD Million
- TABLE 55 Saudi Arabia Automotive Test Equipment Market, 2020 - 2023, USD Million
- TABLE 56 Saudi Arabia Automotive Test Equipment Market, 2024 - 2031, USD Million
- TABLE 57 Saudi Arabia Automotive Test Equipment Market by Vehicle, 2020 - 2023, USD Million
- TABLE 58 Saudi Arabia Automotive Test Equipment Market by Vehicle, 2024 - 2031, USD Million
- TABLE 59 Saudi Arabia Automotive Test Equipment Market by Application Tools, 2020 - 2023, USD Million
- TABLE 60 Saudi Arabia Automotive Test Equipment Market by Application Tools, 2024 - 2031, USD Million
- TABLE 61 Saudi Arabia Automotive Test Equipment Market by Product, 2020 - 2023, USD Million
- TABLE 62 Saudi Arabia Automotive Test Equipment Market by Product, 2024 - 2031, USD Million
- TABLE 63 South Africa Automotive Test Equipment Market, 2020 - 2023, USD Million
- TABLE 64 South Africa Automotive Test Equipment Market, 2024 - 2031, USD Million
- TABLE 65 South Africa Automotive Test Equipment Market by Vehicle, 2020 - 2023, USD Million
- TABLE 66 South Africa Automotive Test Equipment Market by Vehicle, 2024 - 2031, USD Million
- TABLE 67 South Africa Automotive Test Equipment Market by Application Tools, 2020 - 2023, USD Million
- TABLE 68 South Africa Automotive Test Equipment Market by Application Tools, 2024 - 2031, USD Million
- TABLE 69 South Africa Automotive Test Equipment Market by Product, 2020 - 2023, USD Million
- TABLE 70 South Africa Automotive Test Equipment Market by Product, 2024 - 2031, USD Million
- TABLE 71 Nigeria Automotive Test Equipment Market, 2020 - 2023, USD Million
- TABLE 72 Nigeria Automotive Test Equipment Market, 2024 - 2031, USD Million
- TABLE 73 Nigeria Automotive Test Equipment Market by Vehicle, 2020 - 2023, USD Million
- TABLE 74 Nigeria Automotive Test Equipment Market by Vehicle, 2024 - 2031, USD Million
- TABLE 75 Nigeria Automotive Test Equipment Market by Application Tools, 2020 - 2023, USD Million
- TABLE 76 Nigeria Automotive Test Equipment Market by Application Tools, 2024 - 2031, USD Million
- TABLE 77 Nigeria Automotive Test Equipment Market by Product, 2020 - 2023, USD Million
- TABLE 78 Nigeria Automotive Test Equipment Market by Product, 2024 - 2031, USD Million
- TABLE 79 Rest of LAMEA Automotive Test Equipment Market, 2020 - 2023, USD Million
- TABLE 80 Rest of LAMEA Automotive Test Equipment Market, 2024 - 2031, USD Million
- TABLE 81 Rest of LAMEA Automotive Test Equipment Market by Vehicle, 2020 - 2023, USD Million
- TABLE 82 Rest of LAMEA Automotive Test Equipment Market by Vehicle, 2024 - 2031, USD Million
- TABLE 83 Rest of LAMEA Automotive Test Equipment Market by Application Tools, 2020 - 2023, USD Million
- TABLE 84 Rest of LAMEA Automotive Test Equipment Market by Application Tools, 2024 - 2031, USD Million
- TABLE 85 Rest of LAMEA Automotive Test Equipment Market by Product, 2020 - 2023, USD Million
- TABLE 86 Rest of LAMEA Automotive Test Equipment Market by Product, 2024 - 2031, USD Million
- TABLE 87 Key Information - Robert Bosch GmbH
- TABLE 88 Key Information - Continental AG
- TABLE 89 Key Information - Siemens AG
- TABLE 90 Key Information - Honeywell International, Inc.
- TABLE 91 Key Information - ABB Ltd.
- TABLE 92 Key Information - SGS S.A.
- TABLE 93 Key Information - Denso Corporation
- TABLE 94 Key Information - Horiba Ltd.
- TABLE 95 Key Information - Anthony Best Dynamics Limited
- TABLE 96 Key Information - Teradyne, Inc.
LIST OF FIGURES
- FIG 1 Methodology for the research
- FIG 2 LAMEA Automotive Test Equipment Market, 2020 - 2031, USD Million
- FIG 3 Key Factors Impacting Automotive Test Equipment Market
- FIG 4 Market Share Analysis, 2023
- FIG 5 Porter's Five Forces Analysis - Automotive Test Equipment Market
- FIG 6 LAMEA Automotive Test Equipment Market share by Vehicle, 2023
- FIG 7 LAMEA Automotive Test Equipment Market share by Vehicle, 2031
- FIG 8 LAMEA Automotive Test Equipment Market by Vehicle, 2020 - 2031, USD Million
- FIG 9 LAMEA Automotive Test Equipment Market share by Application Tools, 2023
- FIG 10 LAMEA Automotive Test Equipment Market share by Application Tools, 2031
- FIG 11 LAMEA Automotive Test Equipment Market by Application Tools, 2020 - 2031, USD Million
- FIG 12 LAMEA Automotive Test Equipment Market share by Product, 2023
- FIG 13 LAMEA Automotive Test Equipment Market share by Product, 2031
- FIG 14 LAMEA Automotive Test Equipment Market by Product, 2020 - 2031, USD Million
- FIG 15 LAMEA Automotive Test Equipment Market share by Country, 2023
- FIG 16 LAMEA Automotive Test Equipment Market share by Country, 2031
- FIG 17 LAMEA Automotive Test Equipment Market by Country, 2020 - 2031, USD Million
- FIG 18 SWOT Analysis: Robert Bosch GmbH
- FIG 19 SWOT Analysis: Continental AG
- FIG 20 Recent strategies and developments: Siemens AG
- FIG 21 SWOT Analysis: Siemens AG
- FIG 22 SWOT Analysis: Honeywell international, inc.
- FIG 23 SWOT Analysis: ABB ltd.
- FIG 24 Swot Analysis: SGS S.A.
- FIG 25 SWOT Analysis: Denso Corporation
- FIG 26 Swot Analysis: Horiba Ltd.
- FIG 27 Swot Analysis: Anthony Best Dynamics Limited
- FIG 28 SWOT Analysis: Teradyne, Inc.
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