The automotive powertrain testing services market share is estimated to grow at a CAGR of 7.86% between 2022 and 2027. The size of the market is forecast to increase by USD 2,434.53 million. The automotive powertrain testing services market will witness a YOY of 7.1% in 2023.
“Rise in consumer demand and government efforts to upgrade to newer emission norms and development of computer and IT-enabled powertrain testing systems will boost the market growth”, says a senior analyst at Technavio.
Technavio’s report on Automotive Powertrain Testing Services Market is segmented by type (ice powertrain and hybrid and electric powertrain) and geography (APAC, North America, Europe, South America, and Middle East and Africa).
The automotive powertrain testing services market by the ICE powertrain segment will be significant during 2023-2027. The growing vehicle consumer base has given rise to the need for more automobile production facilities or expansion in production facilities. This, in turn, is driving the need for the expansion of powertrain test facilities, thereby contributing to the growth of the market.
APAC will contribute 60% of growth rate during the forecast period. Promising economic growth potential in emerging economies (such as China and India) is enhancing the number of market opportunities for passenger cars, thereby attracting global automobile manufacturers in APAC.
Some of the key automotive powertrain testing services market vendors are 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
aandd.jp- The company offers automotive powertrain testing services namely HEV Powertrain Testing and Development through its subsidiary A and D Technology.
akka-technologies.com- The company offers automotive powertrain testing services such as powertrain design and validation, transmission and powertrain integration, powertrain electronic and hybrid.
Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact on the market in focus. Download the PDF Sample Report
The automotive powertrain testing services market report covers indepth information about key vendors and their product offerings.
The key driver, trends and challenges, market opportunities and the detailed market impact analysis
Five force analysis to analyze the potential of buyers and suppliers and the competitive industry scenerio.
Automotive powertrain testing services industry across APAC, North America, Europe, South America, and Middle East and Africa.