Global Powertrain Market Growth (Status and Outlook) 2023-2029

Global Powertrain Market Growth (Status and Outlook) 2023-2029

Powertrain Testing is undergoing radical change, driven by the challenges that global society faces today. The need for reduced dependence on fossil fuels and improved carbon footprints is driving advances in the technologies used in all vehicles. This in turn has a direct impact on approaches to testing of powertrain components and systems.

There are three major areas of powertrain test: Hardware-in-the-loop and Component cells test sub-systems of the Powertrain and normally include simulation of other components that are absent from the test. These are generally focused on the development of hardware systems such as engine/prime-mover/transmission control systems.

Full-Powertrain cells provide a test of the full Powertrain solution, often in combination with a Robot Driver and real-world simulation tools.

In-Vehicle tests allow the full powertrain to be tested in the vehicle, normally with a Robot Driver and again will often use real-world simulation technologies.

LPI (LP Information)' newest research report, the “Powertrain Industry Forecast” looks at past sales and reviews total world Powertrain sales in 2022, providing a comprehensive analysis by region and market sector of projected Powertrain sales for 2023 through 2029. With Powertrain sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Powertrain industry.

This Insight Report provides a comprehensive analysis of the global Powertrain landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Powertrain portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Powertrain market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Powertrain and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Powertrain.

The global Powertrain market size is projected to grow from US$ 2475.7 million in 2022 to US$ 3133.4 million in 2029; it is expected to grow at a CAGR of 3.4% from 2023 to 2029.

Market competition is intense. AKKA Technologies, Ricardo, FEV, ThyssenKrupp and Horiba, etc. are the leaders of the industry, with about 34% market shares.

North America region is the largest supplier of powertrain testing, with a revenue market share nearly 30%. Europe is the second largest supplier of powertrain testing, enjoying revenue market share nearly 28%.

This report presents a comprehensive overview, market shares, and growth opportunities of Powertrain market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

Engine Test

Gearbox Test

Turbocharger Test

Powertrain Final Tests

Other

Segmentation by application

Automotive Powertrain Components Manufacturers

Automotive Manufacturers

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

AKKA Technologies

Ricardo

FEV

ThyssenKrupp

Horiba

Applus+ IDIADA

Intertek

IAV

MAE

A&D

IBAG

Atesteo

FAKT

CSA Group

KST

CRITT M2A

Please note: The report will take approximately 2 business days to prepare and deliver.