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Test Bench Market Size, Share & Trends Analysis - Global opportunity analysis and industry forecast 2030

Test Bench Market Size, Share & Trends Analysis - Global...

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Test Bench Market Size, Share & Trends Analysis - Global opportunity analysis and industry forecast 2030
Test Bench Market Size, Share...
Report Code
RO13/107/1365

Publish Date
15/Jan/2022

Pages
200
PRICE
$ 4950/-
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The global test bench market size was US$ 1.5 billion in 2021. The global test bench market is forecast to grow to US$ 1.9 billion by 2030, registering a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2022 to 2030.

A test bench, sometimes known as a testing workbench, is a place where a design or model is inspected. An engineer would sit at a lab bench with oscilloscopes, multimeters, soldering irons, wire cutters, and other measuring and manipulation tools to manually verify the correctness of the item under test (DUT).

Factors Influencing the Market

  • One of the primary features driving the growth of the test bench market is their ability to analyze circuit boards and test other electronic elements.  Moreover, test benches also help test the semiconductors, electronic circuit boards, electrical devices, instruments, and machines. Thus, the growing demand for electronics and machines will fuel the growth of the market. 
  • The test bench market has grown tremendously due to the increasing adoption of testing systems in various applications to meet consumer demand. In addition, the test bench enhances productivity and saves time, ensures quality, and increases the lifespan of the product. Thus, it will contribute to the growth of the market. 
  • New product launches are expected to offer ample growth opportunities for market growth. MAHLE introduced an electric drive test bench in Stuttgart, Germany, in November 2020. This technology will be utilized to develop and test electric and hybrid car e-axles and e-drive units. More such advancements are forecast to benefit the entire test bench industry.
  • The rapidly growing automotive sector is forecast to fuel the growth of the global test bench market. Test benches are highly deployed in the manufacturing of automotive vehicles. Thus, it will fuel the growth of the global test bench market during the study period. 

COVID-19 Impact Analysis

The global test bench market witnessed a significant impact due to the COVID-19 pandemic. The governments of various nations have imposed complete lockdown in severely impacted areas as a result of the pandemic, disrupting the market's supply and demand channels. The global test bench market has been witnessing significant drop due to harsh conditions and a shortage of workforce in the manufacturing industry.

Regional Analysis

North America is forecast to hold the highest share in the global test bench market. In addition, Europe and Asia-Pacific are forecast to hold the second and the third largest share. Asia-Pacific test bench market will develop at a significant CAGR, owing to the rapidly growing automotive industry in the region. Furthermore, the increasing production of testing benches in countries such as Germany, Italy, and the United Kingdom is forecast to fuel the growth of the European test bench market during the forecast period. 

Competitors in the Market

  • ABL AUTOMAZIONE S.p.A.
  • AMETEK Sensors
  • Test & Calibration
  • ANDILOG Technologies
  • ATEQ
  • Blum-Novotest
  • Com-Ten Industries
  • EFCO Maschinenbau GmbH
  • Flow Systems
  • FuelCon AG
  • Greenlight Innovation Corp.
  • HAIDA EQUIPMENT CO., LTD
  • Hegewald & Peschke MeB- und Pruftechnik GmbH
  • IMADA, KERN & SOHN
  • Lorenz Messtechnik, Mark-10
  • MEA Testing Systems Ltd.
  • Mecmesin.
  • Other Prominent Players

Market Segmentation

Based on Type

  • Valve
  • Motors
  • Furniture

Based on System

  • Manual
  • Motorized

Based on Application

  • Laboratories
  • Avionics
  • Semiconductor and Electronics
  • Industrial Manufacturing and Engineering
  • Automotive and Transportation
  • Power Generation and Utilities
  • Oil and Gas
  • Others

Based on Region

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
  • Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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