NEW
YORK, July 1, 2024 /PRNewswire/ -- The
global automotive powertrain testing services market size is
estimated to grow by USD
2.74 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of almost 8.22%
during the forecast period. Rise in demanding consumer base and
government's enforcement to upgrade to newer emission norms is
driving market growth, with a trend towards development
of computer and it-enabled powertrain testing systems.
However, capital-intensive nature of testing facilities and
equipment for powertrain testing poses a challenge. Key market
players include A and D HOLON Holdings Co. Ltd., Akkodis, 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, TEOS Powertrain Engineering, and thyssenkrupp AG.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (ICE powertrain
and Hybrid and electric powertrain), Vehicle Type (Passenger
vehicle and Commercial vehicle), and Geography (APAC, North
America, Europe, South America, and Middle East and
Africa)
|
Region
Covered
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
A and D HOLON Holdings
Co. Ltd., Akkodis, 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, TEOS Powertrain Engineering, and thyssenkrupp AG
|
Key Market Trends Fueling Growth
The automotive powertrain testing services market is witnessing
significant advancements with the integration of Internet-based
technologies and IT skills into engineering expertise. Ricardo's
Global Test Environment (GTE) is a prime example, offering remote
access to powertrain test cells with secure networking technology.
This system enables engineers to modify test conditions, monitor
results, and investigate issues from any location. Early adopters
like Aston Martin have reported reduced test development time and
costs. Future upgrades will provide a comprehensive package
including software, equipment, and support for OEMs and
suppliers.
The Automotive Powertrain Testing Services market is
experiencing significant growth due to the increasing demand for
efficient and eco-friendly powertrains. Globally, regulations are
driving the need for rigorous testing of powertrains to meet
emissions standards. Companies are investing in advanced
technologies such as simulation, durability testing, and diagnostic
tools to ensure optimal performance and longevity. The trend
towards electric and hybrid vehicles is also fueling the market, as
these powertrains require specialized testing to ensure safety and
reliability. Additionally, the increasing adoption of autonomous
vehicles is creating new testing requirements for powertrains to
ensure seamless integration with other vehicle systems. Overall,
the Automotive Powertrain Testing Services market is expected to
continue growing as automakers and suppliers prioritize innovation
and compliance.
Research report provides comprehensive data on
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Market Challenges
- The automotive powertrain testing services market faces
significant challenges due to the high cost of powertrain testing
machines and facilities. Priced between USD500,000 and USD1,000,000, these machines are a substantial
investment. Setting up a testing facility adds to the expense.
Modern powertrains require advanced testing equipment to
accommodate various transmission types and keep up with rapid
technology changes. The need for high-tech, reliable, and accurate
dynamometers drives up costs, making the market's growth
potentially restrained.
- The Automotive Powertrain Testing Services market faces several
challenges. These include the need for driving dynamic and
realistic testing conditions to ensure vehicle performance and
efficiency. The complexity of modern powertrains, such as
hybrid and electric vehicles, adds to the testing difficulty.
Additionally, regulatory requirements for emissions and safety
testing put pressure on testing facilities to provide accurate and
reliable results. Cost-effectiveness and time efficiency are also
crucial factors, as testing can be a significant expense for
automotive manufacturers. Furthermore, the integration of various
powertrain components, such as engines, transmissions, and fuel
systems, requires comprehensive testing solutions. Overall, the
automotive powertrain testing services market must address these
challenges to meet the evolving needs of the industry.
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challenges - Download a Sample Report
Segment Overview
This automotive powertrain testing services market report
extensively covers market segmentation by
- Type
- 1.1 ICE powertrain
- 1.2 Hybrid and electric powertrain
- Vehicle Type
- 2.1 Passenger vehicle
- 2.2 Commercial vehicle
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 ICE powertrain- The global automotive powertrain
testing services market is experiencing growth due to stricter
emission regulations for Internal Combustion Engine (ICE)
powertrains. OEMs and tier-1 suppliers are innovating to reduce
greenhouse gas emissions and improve fuel efficiency, increasing
the complexity of powertrain systems. This complexity, along with
vehicle downsizing and light weighting, necessitates more testing
facilities. In the US, CAFE regulation norms demand improved ICE
powertrain performance, making it a significant purchase factor.
These factors are driving the growth of the ICE powertrain segment
in the automotive powertrain testing services market.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Automotive Powertrain Testing Services Market encompasses
the testing requirements of various components in Passenger Cars
and Commercial Vehicles. These components include Engines,
Transmissions, Clutches, Torque converters, Drive shafts, Propeller
shafts, Differentials, Electric Powertrains, and Driving Wheels.
OEMs specializing in ICE powertrains, Hybrid powertrains, and
Electric powertrains rely on these testing services to ensure the
optimal performance of their Fossil fuel-based Gasoline powertrains
and Diesel powertrains, as well as their advanced Hybrid and
Electric powertrains. Manufacturing units undertake extensive
Engine Testing, Transmission Testing, Drive Shafts Testing, and
Differentials Testing to minimize Carbon footprints and enhance
overall efficiency. Electric Powertrain Testing is a critical
aspect of the market, given the growing demand for Sustainable
transportation solutions.
Market Research Overview
The Automotive Powertrain Testing Services market encompasses
the testing of various powertrain components and systems in
vehicles. These services ensure the efficient and effective
performance of engines, transmissions, and other powertrain
elements. The testing process involves the use of advanced
technologies such as dynamometers, engine test benches, and
diagnostic tools. The services cater to the needs of OEMs, Tier 1
suppliers, and independent testing laboratories. The market is
driven by stringent regulations, increasing demand for
fuel-efficient and eco-friendly vehicles, and the growing trend
towards electric and hybrid powertrains. The market is expected to
grow significantly in the coming years due to these factors and the
continuous advancements in testing technologies.
Learn and explore more about Technavio's in-depth
research reports
The Automotive Engineering Service Providers (ESP) Market is
thriving, driven by advancements in vehicle technology and
increased demand for engineering expertise. Parallelly, the
Micromobility Market is expanding rapidly as urban areas seek
sustainable transportation solutions. Additionally, the Automotive
Digital Key Market is gaining momentum, offering enhanced security
and convenience through smartphone-based vehicle access. These
sectors collectively highlight the automotive industry's shift
towards innovation, sustainability, and digital integration,
reflecting broader trends in technology and urban mobility.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- ICE Powertrain
- Hybrid And Electric Powertrain
- Vehicle Type
-
- Passenger Vehicle
- Commercial Vehicle
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio