As per the latest report by IMARC Group, titled “Automotive Dyno Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global automotive dyno market reached a value of US$ 833.6 Million in 2020. Looking forward, IMARC Group expects the global automotive dyno market to exhibit moderate growth during 2021-2026.
A dynamometer, also known as a dyno, is a load device that measures the power output of an engine. This includes mechanical parameters, such as force, power, speed, rotational speed (RPM) and torque of the vehicle. A dynamometer is assembled using several components, such as a shaft with bearings, speed sensor, resistance surface, strain gage, and resistance mechanism in free rotating housing. It is primarily utilized in the automotive industry for recording emissions, fuel consumption, rotational speed, acceleration of rollers, and the resistance generated by electromagnetic brakes. Apart from this, it also finds application in computing Exhaust Gas Temperature (EGT), Manifold Absolute Pressure (MAP) and Air to Fuel Ratio (AFR).
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Global Automotive Dyno Market Trends:
Owing to rapid urbanization, industrialization and the burgeoning automotive industry, there is a boost in the overall sales of automobiles worldwide for everyday commutation and the transportation of goods. This, along with the rising demand for automobile restoration and refurbishment, is bolstering the automotive dyno market growth.
The increasing applicability of dynamometers in various industries, such as aerospace, aviation and marine, which require the equipment to ensure maximum efficiency of vessel engines is another major growth-inducing factor. Moreover, technological innovations, including the development of engine torque pulsation simulation (ETPS) dynamometer, and the availability of automation procedures, such as engine mounting testbed and crank angle position detection are anticipated to propel the market growth further.
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Global Automotive Dyno Market 2021-2026 Analysis and Segmentation:
Some of the top key players operating in the industry include:
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Key Highlights of the Report:
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