Global Automotive Test Equipment Market is Likely to Thrive at a CAGR of 5.2% Over the Forecast Period
“ Global Automotive Test Equipment Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation ” The global automotive test equipment market is segmented into vehicle type such as passenger cars, low commercial vehicle and heavy commercial vehicles. Among these segments, passenger cars segment is expected to grab major market share in global automotive test equipment market by the end of forecast period. The rise of the passenger cars can be attributed to a number of factors such as increasing sales of new passenger cars in both develop and developing countries. Global automotive test equipment market is expected to register a 5.2% CAGR over the forecast period. Moreover, the global automotive test equipment market is booming on the account of urbanization and rising disposable income. This massive growth of automotive industry is expected to bolster the growth of market across all regions. The Asia...