USD 168.3 million
Automotive Fatigue Testing Market Size, Share, Growth Analysis, By Type of testing(Material fatigue, component fatigue, and system fatigue and others), By End use(Automotive manufacturer testing laboratories, research institutes and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35G2099 |
Region:
Global |
Published Date: July, 2024
Pages:
221
|Tables:
62
|Figures:
75
Automotive Fatigue Testing Market Insights
Automotive Fatigue Testing Market size was valued at USD 171.36 million in 2022 and is poised to grow from USD 179.38 million in 2023 to USD 258.63 million by 2031, growing at a CAGR of 4.68% in the forecast period (2024-2031).
Automotive Fatigue Testings are becoming popular since they Involve crucial factor of subjecting automotive components and systems to repeated loading and unloading cycles to simulate real world usage conditions.
There are several advantages offered by automotive fatigue testing such as improved product durability, enhanced safety, reduced warranty claims, cost savings, compliances with industry standards.One of the vital surveys that automotive fatigue testing allow is that manufacturer can identify potential weakness in their products before they go to the market.Therefore the subjective components can be Put into realistic usage conditions and manufacturers can determine how long the components will last and identify any design or manufacturing flaws that could reduce the products durability. Moreover, it can also help in reducing the warranty claims and associated cost of repairs and replacements regarding the product.
US Automotive Fatigue Testing Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Component Fatigue
Fastest Growth
Component Fatigue
Growth Rate
4.68% CAGR
Global Automotive Fatigue Testing Market ($ Bn)
Country Share for North America Region (%)
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Automotive Fatigue Testing Market Segmental Analysis
Global Automotive Fatigue Testing market is segmented on the basis of Type of testing, testing method, end use industry and region. By Type of testing, the Automotive Fatigue Testing Market is segmented into Material fatigue, component fatigue, and system fatigue and others. By end use, the Automotive Fatigue Testing Market is segmented into Automotive manufacturer testing laboratories, research institutes and others. By region, the Automotive Fatigue Testing Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Automotive Fatigue Testing Market Analysis by Type of Testing
By Type of Testing segment, the global market is divided into many segments such as Material fatigue, component fatigue, and system fatigue and others. Material fatigue held the largest global Automotive Fatigue Testing market share due to the wide range of benefits provided by Automotive Fatigue Testing in it.It helps in evaluating the performance of different material under cyclic loading.
Due to the growth of the automotive industry across the globe, the component fatigue segment will grow with the highest CAGR. It helps in testing and assessing the durability of individual automotive components.
Global Automotive Fatigue Testing Market By Type of Testing
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Automotive Fatigue Testing Market Regional Insights
Globally, North America is estimated to hold the highest global Automotive Fatigue Testing market share in 2021. Main factors during this growth period are the presence of top market players, increasing demand, and others.
Above all, Asia Pacific is expected to grow fastest during the forecast period. The reason for the same is increasing acquisition of Automotive Fatigue Testing technology in the region of Asia Pacific and mainly in China and Japan. Penetration of the Automotive industry in Asia Pacific has doubled in the last few years. In addition, various operators are investing heavily in order to provide high speed internet services at an affordable price to the consumers, which is likely to boost the demand for Automotive Fatigue Testing in the region.
Global Automotive Fatigue Testing Market By Region
- Largest
- Fastest
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Automotive Fatigue Testing Market Dynamics
Automotive Fatigue Testing Market Drivers
Demand for High Quality Products to Bolster Demand for Automotive Fatigue Testings
- All the consumer across the globe, I have become more discerning and concerned about the quality and durability of any product including the automotive therefore manufacturer.Cars are under immense pressure to produce high quality, reliable components and systems.To meet this demand, automotive fatigue testing can be essential tool in the process of allowing manufacturer to ensure that their projects meet the highest standard of quality durability and reliability.
Automotive Fatigue Testing Market Restraints
High Cost to Hinder Market Growth
- High cost of fatigue testing equipment and software is the major restraint for the automotive fatigue testing market all across the globe.Note only the testing equipment is expensive to purchase and maintain, but also the software required to analyze the data is too costly.These increasing cost of software and equipment can limit this small scale industry is in automotive sector to invest in the necessary automotive fatigue testing.
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Automotive Fatigue Testing Market Competitive Landscape
Competition in the global Automotive Fatigue Testing market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of devices compatible with Automotive Fatigue Testing will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years.
Automotive Fatigue Testing Market Top Player’s Company Profiles
- MTS Systems Corporation
- Illinois Tool Works Inc.
- Zwick Roell AG
- Siemens AG
- Shimadzu Corporation
- AMETEK, Inc.
- E-Labs, Inc.
- Instron Corporation
- Data Physics Corporation
- MTS Testing Systems
- Galleon Embedded Computing
- Saab AB
- Servotest Testing Systems Ltd.
- ADLINK Technology Inc.
- ElectroForce Systems Group, a TA Instruments Company
- SGS S.A.
- A&D Company, Limited
- Axiom Test Equipment
- Aries Embedded GmbH
- Calspan Corporation
Automotive Fatigue Testing Market Recent Developments
- In February 2021, Fatigue 4 Light project Was launched.It is to support the production of new lightweight chassis component design for electric vehicle applications through the development of new computer modeling for highly accurate fatigue predictions.
Automotive Fatigue Testing Key Market Trends
- There is a major trend of lightweight vehicles and high performance vehicles across the globe.Therefore, automotive industry across the globe is increasingly using advanced materials such as composite advanced high strength steels and aluminium alloys to reduce the vehicle weight and improve performance.Along with it, many companies are developing new testing methods to evaluate the growing electric vehicle markets and their components, such as batteries, motors, power electronics.
Automotive Fatigue Testing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Automotive Fatigue Testing market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits of improved product durability, enhanced safety, reduced warranty claims, cost savings, and compliances with industry standards. Automotive Fatigue Testings will enable devices to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 171.36 million |
| Market size value in 2031 | USD 258.63 million |
| Growth Rate | 4.68% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Fatigue Testing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Fatigue Testing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Fatigue Testing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Fatigue Testing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Fatigue Testing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Fatigue Testing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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