Global Automotive Powertrain Testing Services Market 2018-2022
About Automotive Powertrain Testing Services
Automotive powertrain testing is performed for testing various powertrain attributes, such as powertrain endurance, powertrain performance, powertrain verification, noise, vibrations, and harshness (NVH), emission development, and drivability assessment.Technavio’s analysts forecast the global automotive powertrain testing services market to grow at a CAGR of 9.74% during the period 2018-2022.Covered in this report The report covers the present scenario and the growth prospects of the global automotive powertrain testing services market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Powertrain Testing Services Market 2018-2022
Technavio recognizes the following companies as the key players in the global automotive powertrain testing services market: HORIBA, AVL LIST, Intertek Group, FEV Group, and Ricardo.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is developing computer and IT-enabled powertrain testing systems. With the continuously improving digital literacy and increasing use of information technology, vendors in the powertrain testing market are developing computer and IT-enabled powertrain testing systems by combining the engineering expertise with computer networking.”
According to the report, one driver in the market is rising consumer base and governments’ enforcement for upgrading newer emission norms. The stringent rules imposed by the governments encourage the automotive manufacturers to use turbochargers and superchargers for more power output from engines.
Further, the report states that one challenge in the market is capital-intensive nature of testing facilities and equipment for powertrain testing. Powertrain testing machines and setup are considered capital-intensive. The average price of a powertrain testing machine is around $500,000 to $1,000,000. In addition, the setting up of a testing facility is more expensive. HORIBA AVL LIST Intertek Group FEV Group Ricardo