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Japan Automotive Testing Market by Industry Trends, Type, Analysis and Growth 20

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 u2013 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.

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Japan Automotive Testing Market by Industry Trends, Type, Analysis and Growth 20

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  1. Japan Automotive Testing Market to Grow with a CAGR of 5.5% During 2021-2028; Increasing Demand for Electric Vehicles to Create Numerous Opportunities for Market Growth Kenneth Research has released a report titled “Japan Automotive Testing Market: Global Demand Analysis & Opportunity Outlook 2028”which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market. In the year 2019, Japan registered a share of 14% of the global share of fuel cell electric vehicles, according to statistics by the International Energy Agency (IEA). Moreover, by the end of 2030, the country has set a target for “next-generation vehicles” to account for 50-70% of new car sales. Get Sample Reports Here - https://www.kennethresearch.com/sample-request-10352287 The statistics portray the growing demand for electric vehicles in the nation. Japan is known to have a prominent automotive industry owing to the presence of several international brands. The vehicles produced by these brands are not just limited for use in the country, but are also widely in demand worldwide. As a result, the government of the nation has set stringent norms for the optimum quality of these manufactured vehicles. Owing to such a factor, there is a growing need amongst the vehicle

  2. manufacturers in the country to adopt automotive testing, which is anticipated to drive the growth of the market in the coming years. The Japan automotive testing market is anticipated to grow with a CAGR of 5.5% over the forecast period, i.e., 2021 – 2028. The market is estimated to garner a revenue of USD 2072.1 Million by the end of 2028. Additionally, in the year 2018, the market registered a revenue of USD 1519.2 Million. The 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. By the end of 2028, the mechanical testing segment is anticipated to garner the largest revenue of USD 418.0 Million, up from a revenue of USD 319.0 Million in the year 2018. However, the high cost associated with testing of cars equipped with advanced technology is one of the major factors predicted to hinder the market growth. This report also provides the existing competitive scenario of some of the key players of the Japan automotive testing market, which includes company profiling of 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. The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and

  3. developments. Conclusively, the report titled “Japan Automotive Testing Market: Global Demand Analysis & Opportunity Outlook 2028”, analyses the overall Japan automotive testing industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the Japan automotive testing market in the near future. Get Sample Reports Here - https://www.kennethresearch.com/sample-request-10352287 Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties. Contact for more Info: AJ Daniel Email: sales@kennethresearch.com U.S. Phone: +1 313 462 0609

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