Global Automotive Powertrain Testing Services Market 2023-2027
Technavio has been monitoring the automotive powertrain testing services market and is poised to grow by $2434.53 mn from 2023-2027, accelerating at a CAGR of 7.86% during the forecast period. Our report on the automotive powertrain testing services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rise in demanding consumer base and the government's enforcement to upgrade to newer emission norms, increasing vehicle population, and higher investments in R&D and testing due to cost pressure faced by OEMs.
Technavio's automotive powertrain testing services market is segmented as below:
- ICE powertrain
- Hybrid and electric powertrain
By Geographical Landscape
- North America
- South America
- Middle East and Africa
This study identifies the development of computer and IT-enabled powertrain testing systems as one of the prime reasons driving the automotive powertrain testing services market growth during the next few years. Also, the development of engine torque pulse simulation dynamometer and cold, hot, and no-load engine tests for analyzing complete engine performance will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters. Our report on the automotive powertrain testing services market covers the following areas:
- Automotive powertrain testing services market sizing
- Automotive powertrain testing services market forecast
- Automotive powertrain testing services market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive powertrain testing services market vendors that include A and D Co. Ltd., AKKA Technologies SE, ATS Automation Tooling Systems Inc., AVL List GmbH, Cambustion Ltd., Cosworth Group Holdings Ltd., FEV Group GmbH, HORIBA Ltd., IAV GmbH, Industrieanlagen Betriebsgesellschaft mbH, Intertek Group Plc, IPG Automotive GmbH, MAHLE GmbH, Mtech UK Associates Ltd., Mustang Advanced Engineering, Ricardo Plc, SGS SA, Shanghai W Ibeda High Tech. Group Co. Ltd., TEOS Powertrain Engineering, and thyssenkrupp AG. Also, the automotive powertrain testing services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.