Global Automotive Fatigue Testing Market

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 News

  • 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.
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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).

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. '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'

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.

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.

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.

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Global Automotive Fatigue Testing Market

Report ID: SQMIG35G2099

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