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Market research analysts at Technavio predict that the global automotive inspection tunnels market will grow steadily over the next four years and post a CAGR of above 72% by 2021. This market research analysis identifies the adoption of inspection tunnels by aftermarket paint booths and third-party body shops as one of the primary factors for market growth. The utilization of inspection tunnels lowers the cost of repainting and increases the precision of error detection in paints before and after the painting processes. This, in turn, saves on the constancy of car owners from bringing in their cars for repainting. Moreover, some paint booths have started using make-do or in-house painting booths leading to the strong aftermarket setups, driving the growth of the market.
One of the latest trends that will gain traction in the global automotive inspection tunnels market is the adoption of inspection tunnels for automated paint inspection process. In the automotive industry, the inspection tunnels bring in a scope for partial automation into the paint inspection process. The occurrence of fully automated inspection tunnels is anticipated to be fueled by the development of revolving light sources, targeted lighting, and sensor-based detection of paint blemishes. Moreover, the use of vision processing systems also eliminates the need of people to perform quality checks and is also much faster and accurate.
Though the automotive inspection tunnels market consists of only a few prominent vendors, the market’s huge growth potential intensifies the level of competition among the market players. One of the key vendors EISENMANN, is mainly focused on R&D for innovative product development. The company has a wide range of product and service offerings, especially in automotive and aerospace categories. Moreover, the company provides systems for technologies like surface finishing, eco-friendly modules, material flow automation, and high-temperature processes, and also specializes in plant engineering.
The leading vendors in the market are –
The other prominent vendor in the market is LDPI.
During 2016, the tier 1 suppliers was the major end-user segment and accounted for the major shares of the automotive inspection tunnels market. This is mainly due to the favorable concentration of paint shops in their facilities and their global footprint. According to this industry research report, this segment will continue to dominate the market in the coming years as well.
This market study estimates that in terms of geographic regions, APAC led the global automotive inspection tunnels market during 2016 and is expected to continue the domination over the next four years. This is mainly due to the high concentration of tier 1 and tier 2 suppliers in the region.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by geography
PART 07: Market segmentation by end-user
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
Tags: geotechnical engineering, aerial work platform, car maintenance, automotive services, automotive business segment, automotive electronics top companies,
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