Global Automotive Powertrain Testing Services Market 2024-2028

Global Automotive Powertrain Testing Services Market 2024-2028

The automotive powertrain testing services market is forecasted to grow by USD 2746.4 mn during 2023-2028, accelerating at a CAGR of 8.22% during the forecast period. The 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in demanding consumer base and government's enforcement to upgrade to newer emission norms, increasing vehicle population, and higher investments in r and d and testing due to cost pressure faced by oems.

Technavio's automotive powertrain testing services market is segmented as below:

By Type

• ICE powertrain
• Hybrid and electric powertrain

By Vehicle Type

• Passenger vehicle
• Commercial vehicle

By Geography

• APAC
• North America
• Europe
• 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, 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.

The 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

The 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 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. 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.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by 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. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.