Automotive Torsion Test Bench Market - Drivers and Forecasts by Technavio

LONDON—Technavio analysts forecast the global automotive torsion test bench market to grow at a CAGR of more than 2% during the forecast period, according to their latest report.

The research study covers the present scenario and growth prospects of the global automotive torsion test bench market for 2017-2021. The market is segmented based on geography, including EMEA, APAC, and the Americas.

Global automotive torsion test bench market has been growing with the growth of automotive production. The demand for automotive has been increasing across the world, which has forced the manufacturers to increase the number of manufacturing units. The manufacturing units are expected to increase at the rate of 2%-3% during the forecast period. This increase in manufacturing facilities would eventually increase the automotive components manufacturers, and these would be driving the automotive torsion test bench market.

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Technavio automotive research analysts highlight the following three factors that are contributing to the growth of the global automotive torsion test bench market:

• Technological advancement in automotive parts
• Increasing commercial vehicle sales
• Growing manufacturing plants and expanding existing units in emerging countries

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Technological advancement in automotive parts

Technological advancements in automotive components increase the need for testing. This, in turn, increases the demand for torsion test benches, thereby driving the global automotive torsion test bench market during the forecast period. These technologically advanced parts will require high-grade testing at various levels of the automotive value chain.

Amey Vikram a lead automotive services research analyst at Technavio, says, “The next stage of the value chain are the automotive parts manufacturers where major changes in materials and technology have occurred. For instance, steering system manufacturers have shifted from manual steering to hydraulic power steering to electro-hydraulic power steering, and now they are into electric power steering. These technological shifts increase the demand for testing machines, as these changes may require different testing conditions for torsion testing.

Increasing commercial vehicle sales

The sales of commercial vehicles are expected to grow during the forecast period, which will be a driver for the global automotive torsion test bench market. Commercial vehicles are expected to have higher load carrying capacity. This can be achieved by equipping them with high-powered engines producing more torque.

“Commercial vehicle segment comprises of light commercial vehicles, heavy commercial vehicles, and buses and coaches. As commercial vehicles are used for load carrying purposes, they require longer trials. Therefore, commercial vehicles will require more axles when compared with passenger vehicles, which increases the need for torsion testing,” adds Amey.

Growing manufacturing plants and expanding existing units in emerging countries

In the automotive industry, torsion test benches are used by manufacturing plants to test sample components and automotive parts. These torsion test benches are also used by their R&D teams during development testing. With the increase in automotive manufacturing units and R&D centers, there will be an increase in demand for torsion test benches.

A lot of this construction and expansion is taking place in emerging countries in APAC. This increase in new manufacturing plants and expansion of existing plants will drive the sales of global automotive torsion test bench during the forecast period.

Top vendors:

• DYNA-MESS
• IABG
• Illinois Tool Works
• TestResources
• Zwick Roell

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