Japan Automotive Testing Market Size, Share 2021 | Growing Rapidly with Industry Share, On Going Trends, Future Demand, Recent Developments, Sales & Revenue Value, Industry Expansion Strategies till 2030

 The Japan automotive testing market is estimated to garner a revenue of USD 2072.1 Million by the end of 2028 by growing at a CAGR of 5.5% over the forecast period, i.e., 2021 - 2028. Moreover, in the year 2018, the market in the country generated a revenue of USD 1519.2 Million. The growth of the market can primarily be attributed to the presence of some of the global vehicle manufacturing brands in the country, including brands such as Toyota, Honda, Suzuki, Isuzu, Mazda, Nissan, Subaru, and others, and therefore the rising need amongst these vehicle manufacturers to test their vehicles. Vehicle manufacturers, before launching any product in to the market, often test their vehicles so as to ensure the quality of the vehicle is rightly delivered to its customers. Additionally, with the presence of a prominent automotive industry in the nation, there is a rise in focus on operational excellence of the vehicles. Moreover, growing awareness for vehicle safety and strict regulatory standards for manufacturing of vehicles are some of the factors anticipated to drive the need for automotive testing, and in turn, contribute to the market growth.

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Besides this, the growth of the market can also be attributed to the growing production of vehicles in the nation. According to the statistics by the International Organization of Motor Vehicle Manufacturers (OICA), production of cars in Japan increased from 7830722 units in the year 2015 to 8328756 units in the year 2019. Additionally, the increasing sales of electric vehicles in the nation, backed by supporting government policies to promote the adoption of these vehicles, are also anticipated to drive the need for automotive testing amongst the vehicle manufacturers, and in turn contribute to the market growth. According to the statistics by the International Energy Agency (IEA), Japan registered a share of 14% of the global share of fuel cell electric vehicles in the year 2019. Additionally, the statistics also stated that the country has set a target for "next-generation vehicles" to account for 50-70% of new car sales by the end of 2030.

Growth Drivers and Challenges Impacting the Growth of the Japan Automotive Testing Market

Growth Drivers

  • Increasing Production of Vehicles
  • Rising Awareness for Vehicle Safety

Challenges

  • High Cost Associated with Testing of Cars Equipped with Advanced Technology
Japan Automotive Testing Market Segmentation Synopsis

The Japan automotive testing market is segmented by testing type into mechanical testing, emission testing, component testing, dynamic stress testing, material testing, surface testing, electrical components & electronics testing, environmental testing, vehicle safety testing, and noise testing. Out of these, the mechanical testing segment is anticipated to garner the largest revenue of USD 418.0 Million by the end of 2028, up from a revenue of USD 319.0 Million in the year 2018. By sourcing type, the market is segmented into in-house and outsourced, out of which, the outsourced segment is anticipated to grow with the highest CAGR of 5.8% during the forecast period. By vehicle type, the market is segmented into passenger vehicles, trucks, and buses. Out of these, the passenger vehicles segment is anticipated to garner the largest revenue of USD 1470.5 Million by the end of 2028, up from a revenue of USD 1095.3 Million in the year 2018. By propulsion type, the market is segmented into internal combustion engine vehicles and electric vehicle, out of which, the electric vehicles segment is anticipated to grow with the highest CAGR of 6.2% during the forecast period.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the Japan automotive testing market that are included in our report are Applus Servicios Tecnologicos, S.L, SGS SA, SINFONIA TECHNOLOGY CO., LTD., HORIBA, Ltd., MEIDENSHA CORPORATION, DEKRA SE, AVL List GmbH, ESPEC CORP., TUV SUD, Intertek Group plc, TUV Rheinland Group, and others.

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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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