Automotive Wheel Fatigue Testing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Automotive Wheel Fatigue Testing Market Introduction
Automotive wheels are an integral part of a vehicle. Being subjected to high loads and pressure, the durability of automotive wheels must be checked periodically to ensure the safe operation of the vehicle. With the rotation of automotive wheels, the radial load on the automotive wheels becomes a cyclic load. The implications of radial fatigue load on automotive wheels necessitate automotive wheel fatigue testing to ensure the structural integrity of wheels. Thereby, automotive wheel fatigue testing is imperative for examining the strength as well as fatigue resistance of automotive wheels.
Various types of automotive fatigue testing equipment are used to perform different types of tests, such as the concerning fatigue test and the radial fatigue test. The concerning fatigue test is carried out to examine the structural performance of wheels, and radial fatigue test is carried out to simulate concerning under dynamic loads. Leading manufacturers in the automotive wheel fatigue testing market are introducing innovative testing equipment to suit specific testing requirements for different types of vehicles that need to be tested.
Automotive Wheel Fatigue Testing Market – Notable Developments
Some of the most prominent competitors operating in the competitive landscape of global automotive wheel fatigue testing market include –
Automotive Wheel Fatigue Testing Market Dynamics
Growing of Automotive Wheel Fatigue Testing Market Underpinned by Growing Awareness about Vehicle Safety
Increasing number of road accidents, mainly due to defect automotive components and poorly maintained vehicles, is making end-users more conscious about their vehicles’ operating condition. According to the National Highway Traffic Safety Administration (NHTSA), in 2016, over 37 thousand people succumbed to injuries in road accidents in the U.S., which was an increase of nearly 5.6% over 2015. As vehicles defects remain a leading cause behind the road fatalities, not only in the U.S. but also across the world, the market for automotive wheel fatigue testing is expected to gain momentum.
The mounting number of road fatalities due to vehicle defects is triggering governmental organizations to take initiatives for spreading awareness about good vehicle maintenance practices. This is further contributing to the growth of the automotive wheel fatigue testing market. Leading market players are adopting innovative strategies to make end-users aware about following periodic maintenance cycles by carrying out automotive wheel fatigue testing to ensure the safety of the vehicle as well as occupants. This is expected to influence growth prospects of the automotive wheel fatigue testing market.
Automotive Wheel Fatigue Testing Market Players Adopt Strategies to Customize Fatigue Testing Equipment According to Applications
Leading players in the automotive wheel fatigue testing market are introducing innovative automotive wheel fatigue testing equipment to suit the specific requirements of end-use or applications. Manufacturers are introducing distinctive features of automotive wheel fatigue testing equipment for passenger cars than those used for trucks or buses. Market players are investing in R&D to offer appropriate features of automotive wheel fatigue testing machines for specific applications. Moreover, leading players are focusing on capturing lucrative opportunities in the sports car industry by launching automotive wheel fatigue testing equipment for motorsports. This is likely to emerge as a popular trend in the automotive wheel fatigue testing market in the coming future.
Automotive Wheel Fatigue Testing Market Segmentation
Based on the types of equipment used in automotive wheel fatigue testing, the automotive wheel fatigue testing market is segmented into,
Based on its applications, the automotive wheel fatigue testing market is segmented into,
Based on distribution channels, the automotive wheel fatigue testing market is segmented into,
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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