Overview of the global automotive inspection tunnels market
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.
Competitive landscape and key vendors
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 –
- EISENMANN
- GigaTera (KMW)
- Wenker
The other prominent vendor in the market is LDPI.
Segmentation by end-user and analysis of the automotive inspection tunnels market
- Body shops
- Original equipment manufacturers (OEMs)
- Tier 1 suppliers
- Tier 2 suppliers
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.
Geographical segmentation and analysis of the automotive inspection tunnels market
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.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global automotive inspection tunnels market?
- What are the key market trends impacting the growth of the global automotive inspection tunnels market?
- What are the challenges to market growth?
- Who are the key vendors in the global automotive inspection tunnels market?
- What are the market opportunities and threats faced by the vendors in the global automotive inspection tunnels market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global automotive inspection tunnels market?
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