Market by Solution, Application, Vehicle Type, and Country Outlook | Forecast 2023-2030
According to Triton’s research report, the automotive emission test equipment market in Latin America is projected to propel at a CAGR of 3.68% during the forecasted period 2023-2030.
The
countries listed in the region are:
•
Brazil
•
Mexico
•
Rest of Latin America
In the region, Brazil and Mexico are leaders in
the production of automotive vehicles. Several vehicles are exported to Europe
and North America with stringent emission norms. As a result, automakers much
comply with the regulations prior to export, which significantly elevates the
demand for emission test equipment in the sector. Government standards are
implemented mainly in the wake of rising air pollution levels caused by
vehicles. Hence, these developments create opportunities for the given market.
Mexico
secures the major share in the automotive emission test equipment market. Vehicle emission testing is mandatory in the
country to reduce air pollution and improve life quality. This is conducted via
the Mandatory Vehicle Verification program, applicable for all vehicle types,
including trucks, cars, and motorcycles. In this regard, testing equipment
determines whether the vehicle meets the standards set by regulatory bodies.
Several standards in the nation are identical to Euro 3 and 4 limitations
except for the ‘B’ standard for LPG, gasoline, and natural gas. Therefore, the
growing government focuses on reducing emission levels, creating demand for
test equipment, thereby driving the studied market on a growth path.
Automotive periodic testing inspections include
routine checks that are required for vehicles to comply with environmental
regulations. Trained specialists employ the testing equipment to check the
vehicle’s brakes, tires, suspension, lights, and emission levels to ensure
compliance with regulations. The market
is segmented in terms of application, solution, and vehicle type. The
application segment is further branched into periodic testing, centralized
inspections, inspection & maintenance, and other applications.
Some
of the major companies in this market comprise Capelec, Continental AG, Sierra
Instruments Inc, Opus Group AB, AVL List GmbH, TEXA SpA, and Beryl Technologies
LLC.
Capelec is involved in designing and
manufacturing equipment for vehicle inspection, repair, and maintenance. It
operates via various business divisions, including OEM parts and private
labels. The company offers engineering services and technical inspection
equipment for all vehicle types. Its product line includes the emission,
headlamp, brake, and taximeter testers. Capelec has production units across
multiple regions, including Latin America, North America, and Asia-Pacific.
Key deliverables of the report:
● Market CAGR during the forecasting years 2023-2030
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the automotive emission test equipment market revenue growth in Latin America and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
●
A wide-ranging study of factors that will challenge the LA
automotive emission test equipment market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. LATIN
AMERICA AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET - SUMMARY
2. MARKET
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET
2.1.1. COVID-19
IMPACT
2.1.2. UKRAINE-RUSSIA
WAR IMPACT
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTE S
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. MARKET
MATURITY ANALYSIS
2.4. REGULATORY
FRAMEWORK
2.5. KEY
MARKET STRATEGIES
2.5.1. COLLABORATIONS
2.5.2. PRODUCT
LAUNCHES
2.5.3. MERGERS
& ACQUISITIONS
2.5.4. BUSINESS
DIVESTITURES & EXPANSIONS
2.6. MARKET
DRIVERS
2.6.1. STRICT
GOVERNMENT LEGISLATIONS TO DECREASE VEHICULAR EMISSIONS
2.6.2. DIRECTIVE
FOR USAGE OF OPACITY METERS AND PERIODIC TECHNICAL INSPECTION (PTI) PROGRAMS
2.7. MARKET
CHALLENGES
2.7.1. LACK
OF COMPLIANCE WITH EMISSION NORMS
2.7.2. REDUCED
DEMAND DUE TO ELECTRIC VEHICLE ADOPTION
2.8. MARKET
OPPORTUNITIES
2.8.1. IMPLEMENTATION
OF ADVANCED TECHNOLOGIES IN AUTOMOTIVE
2.8.2. RISING
REMOTE EMISSION TESTING
2.9. ANALYST
PERSPECTIVE
3. LATIN
AMERICA AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET – BY SOLUTION
3.1. EMISSION
TEST EQUIPMENT/COMPONENT/HARDWARE
3.2. EMISSION
TEST SOFTWARE
3.3. EMISSION
TEST SERVICE
4. LATIN
AMERICA AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET – BY APPLICATION
4.1. PERIODIC
TESTING INSPECTIONS
4.2. INSPECTION
& MAINTENANCE
4.3. CENTRALIZED
INSPECTION
4.4. OTHER
APPLICATIONS
5. LATIN
AMERICA AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET – BY VEHICLE TYPE
5.1. PASSENGER
CARS
5.2. HEAVY
DUTY TRUCKS & BUSES
5.3. LIGHT-DUTY
TRUCKS
5.4. OTHER
VEHICLES
6. LATIN
AMERICA AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET – BY COUNTRY OUTLOOK
6.1. COUNTRY
ANALYSIS
6.1.1. BRAZIL
6.1.1.1. BRAZIL
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET FORECAST & PROSPECTS
6.1.2. MEXICO
6.1.2.1. MEXICO
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET FORECAST & PROSPECTS
6.1.3. REST
OF LATIN AMERICA
6.1.3.1. REST
OF LATIN AMERICA AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET FORECAST &
PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. ROBERT
BOSCH GMBH
7.1.1. OVERVIEW
7.1.2. PRODUCT
PORTFOLIO
7.2. SGS SA
7.2.1. OVERVIEW
7.2.2. PRODUCT
PORTFOLIO
7.3. HORIBA
LTD
7.3.1. OVERVIEW
7.3.2. PRODUCT
PORTFOLIO
7.4. CAPELEC
7.4.1. OVERVIEW
7.4.2. PRODUCT
PORTFOLIO
7.5. AVL
LIST GMBH
7.5.1. OVERVIEW
7.5.2. PRODUCT
PORTFOLIO
7.6. APPLUS+
7.6.1. OVERVIEW
7.6.2. PRODUCT
PORTFOLIO
7.7. CONTINENTAL
AG
7.7.1. OVERVIEW
7.7.2. PRODUCT
PORTFOLIO
7.8. ECOM
AMERICA LTD
7.8.1. OVERVIEW
7.8.2. PRODUCT
PORTFOLIO
7.9. OPUS
GROUP AB
7.9.1. OVERVIEW
7.9.2. PRODUCT
PORTFOLIO
7.10. SIERRA
INSTRUMENTS INC
7.10.1. OVERVIEW
7.10.2. PRODUCT
PORTFOLIO
7.11. TÜV
NORD GROUP
7.11.1. OVERVIEW
7.11.2. PRODUCT
PORTFOLIO
7.12. TEXA
SPA
7.12.1. OVERVIEW
7.12.2. PRODUCT
PORTFOLIO
7.13. BERYL
TECHNOLOGIES LLC
7.13.1. OVERVIEW
7.13.2. PRODUCT
PORTFOLIO
7.14. ABB
LTD
7.14.1. OVERVIEW
7.14.2. PRODUCT
PORTFOLIO
7.15. TÜV SÜD
7.15.1. OVERVIEW
7.15.2. PRODUCT PORTFOLIO
7.16. WAGER
COMPANY
7.16.1. OVERVIEW
7.16.2. PRODUCT
PORTFOLIO
7.17. CPS
PRODUCTS INC
7.17.1. OVERVIEW
7.17.2. PRODUCT
PORTFOLIO
7.18. GEMCO
EQUIPMENT LTD
7.18.1. OVERVIEW
7.18.2. PRODUCT
PORTFOLIO
7.19. HELLA GUTMANN
SOLUTIONS GMBH
7.19.1. OVERVIEW
7.19.2. PRODUCT
PORTFOLIO
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $
MILLION)
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: LIST OF COLLABORATIONS
TABLE 4: LIST OF PRODUCT
LAUNCHES
TABLE 5: LIST OF MERGERS &
ACQUISITIONS
TABLE 6: LIST OF BUSINESS
DIVESTITURES & EXPANSIONS
TABLE 7: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY SOLUTION, 2023-2030 (IN $
MILLION)
TABLE 8: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY APPLICATION, 2023-2030 (IN $
MILLION)
TABLE 9: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY VEHICLE TYPE, 2023-2030 (IN $
MILLION)
TABLE 10: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $
MILLION)
FIGURE 1: MARKET MATURITY
ANALYSIS
FIGURE 2: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY SOLUTION, 2022 & 2030 (IN %)
FIGURE 3: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY EMISSION TEST
EQUIPMENT/COMPONENT/HARDWARE, 2023-2030 (IN $ MILLION)
FIGURE 4: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY EMISSION TEST SOFTWARE, 2023-2030
(IN $ MILLION)
FIGURE 5: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY EMISSION TEST SERVICE, 2023-2030
(IN $ MILLION)
FIGURE 6: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY APPLICATION, 2022 & 2030 (IN
%)
FIGURE 7: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY PERIODIC TESTING INSPECTIONS,
2023-2030 (IN $ MILLION)
FIGURE 8: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY INSPECTION & MAINTENANCE,
2023-2030 (IN $ MILLION)
FIGURE 9: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY CENTRALIZED INSPECTION, 2023-2030
(IN $ MILLION)
FIGURE 10: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY OTHER APPLICATION, 2023-2030 (IN
$ MILLION)
FIGURE 11: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY VEHICLE TYPE, 2022 & 2030 (IN
%)
FIGURE 12: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY PASSENGER CARS, 2023-2030 (IN $
MILLION)
FIGURE 13: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY HEAVY DUTY TRUCKS & BUSES,
2023-2030 (IN $ MILLION)
FIGURE 14: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY LIGHT-DUTY TRUCKS, 2023-2030 (IN
$ MILLION)
FIGURE 15: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY OTHER VEHICLES, 2023-2030 (IN $
MILLION)
FIGURE 16: LATIN AMERICA
AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET, BY COUNTRY OUTLOOK, 2022 & 2030
(IN %)
FIGURE 17: BRAZIL AUTOMOTIVE
EMISSION TEST EQUIPMENT MARKET 2023-2030 (IN $ MILLION)
FIGURE 18: MEXICO AUTOMOTIVE
EMISSION TEST EQUIPMENT MARKET 2023-2030 (IN $ MILLION)
FIGURE 19: REST OF LATIN
AMERICA AUTOMOTIVE EMISSION TEST EQUIPMENT MARKET 2023-2030 (IN $ MILLION)