North America Automotive Emission Test Equipment Market 2023-2030

North America Automotive Emission Test Equipment Market 2023-2030

MARKET OUTLOOK

Triton Market Research’s report infers that North America’s automotive emission test equipment market is set to garner a compound annual growth rate of 5.24% over the forecasting years from 2023 to 2030. Canada and the United States are examined in the given region.

In Canada, the market for automotive emission test equipment is relatively small compared to Europe and the US. Nevertheless, the government regulations pertaining to emissions for light-duty and heavy-duty vehicles. Furthermore, several companies provide emission testing equipment to the automotive industry. The benefits of controlling emissions play a significant role in driving the growth of the emission test equipment market across the country.

In the US, the Inflation Reduction Act of 2022 aims to invest significantly to promote clean energy generation. This law is estimated to establish stringent emission standards for automobiles, leading to the demand for efficient testing equipment. Therefore, as stated above, these factors are expected to augment the growth of the automotive emission test equipment market over the upcoming years.

COMPETITIVE OUTLOOK

The major companies in the automotive emission test equipment market include Robert Bosch GmbH, SGS SA, Capelec, Horiba Ltd, Continental AG, Ecom America Ltd, and Opus Group AB.