Global Sideslip Tester Market Overview:
Side slip tester's role is to validate the geometry of the directive axes of the various vehicles to be tested rapidly and effectively. In seconds, a side-slip tester tests front and rear axle geometry. The test plate is level with the floor. When a car drives over it, it is moved to the left or right, based on the vehicle's tracking. On a Digital-Display or on a Screen, the deviation occurs. Furthermore, there is an excessive amount of positive or negative side-slip displayed on signal lamps or as graphics on the screen. Slip testers track the current Sideslip angle which is the angle formed by a wheel's pointing position and the direction in which it is currently going, so as to adjust it in accordance to the vehicle dynamics.
Growth Drivers
- Growing Demand for Automotive Maintenance and Service
Market Trends
- Growing Demand for Automotive Maintenance and Service
Roadblocks
- Raw Material Price Fluctuation
Opportunities
- Low Penetration in Emerging Regions Particularly Aisa
Challenges
- Fierce Competitive Pressure
- Chances of Error
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Bosch GmBH (Germany), Altus-Escon-Company BV (Netherlands), SAXON Prüftechnik GmbH (Germany), MAHA Maschinenbau Haldenwang GmbH & Co.KG (Germany), Hofmann Equipment (Italy), VISKOR Co., Ltd. (South Korea), ACTIA Automotive SA (France), Vehicle Lining and Trimming VLT (United Kingdom), Anzen Motor Car Co. Ltd. (Japan), JEVOL Electromechanical Equipment Co. Ltd (China) and Sherpa Autodiagnostik GmbH (Germany). Additionally, following companies can also be profiled that are part of our coverage like Ravaglioli S.p.A (Italy), Koeng Co. Ltd. (South Korea), Ryme Worldwide (Spain), Hunter Engineering Company (United States), Giuliano Industrial S.p.A. (Italy), AA4C Automotive Co. Ltd. (China), Aktaş Servis (Turkey), Vamag (Italy) and Capelec (France). Analyst at AMA Research see Italian & German Vendors to retain maximum share of Global Sideslip Tester market by 2026. Considering Market by Vehicle, the sub-segment i.e. Car will boost the Sideslip Tester market. Considering Market by Distribution Channel, the sub-segment i.e. Offline (Auto Equipment Retail Stores, Auto Equipment Suppliers) will boost the Sideslip Tester market. Considering Market by Axle Weight, the sub-segment i.e. Less than 4Ton will boost the Sideslip Tester market.
Latest Market Insights:
On 12th March, 2019 – Nexion S.p.A. (Leading Automotive Servicing Equipment Manufacturer) Announced its Acquisition of Stenhøj Group, Through a 75% Equity Stake. This Acquisition is Intended to Expand Nexion’s Market Prescence and Add Improved Capabilities. and On 4th November, 2020 – Hunter Engineering Co. Signed a Partnership Agreement with Bosch, Significance of the Deal is to Develop New System to Calibrate the Latest Advanced Drivers' Assistance Systems by Addition of Bosch's ADAS System and Sensor Design Expertise, As Well As OE Validation.
On 25th March, 2021 – JEVOL Supplied a Number of Automotive Testing Equipment Brake and Sideslip Testers to the New Zealand Transport Authority (NZTA), for Annual Vehicle Testing. Rollers, 2 And 4 Panel, Motor Driven Suspension, And Alignment Side Slip Are Among JEVOL's Brake and Suspension Testers.
What Can be Explored with the Sideslip Tester Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Sideslip Tester Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Sideslip Tester
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Sideslip Tester market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Sideslip Tester market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Sideslip Tester Manufactures, New Entrants and Investors, Sideslip Tester Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.