Automotive Powertrain Testing Market
is anticipated to witness an exponential growth in the forecast period. An
automotive powertrain comprises all the key constituents that produce power and
transmits it to surface or to the road. The components comprising powertrain
are the transmission, engine, differentials, drive shafts, and the driving
wheels.
The factors that propel the growth of the market include
cold and hot engine tests conducted to investigate complete engine performance,
increasing R&D activities, technological advancement, increasing consumer
base, and government’s implementation for upgrading newer emission norms.
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On the other hand, there are factors that may hamper the
growth of the market including high cost of powertrain testing machines, high
set up cost of testing services. Automotive powertrain testing market is
anticipated to expand at a significant CAGR in the upcoming period as the
scope, product types, and its applications are increasing across the globe.
The market has an emerging trend; i.e. is automatic
transmission vehicle to propel the market for transmission testing. Automatic
transmission vehicles, particularly passenger cars, are gaining acceptance
worldwide. Majority of clients opt for automatic transmission systems in luxury
and premium vehicle sectors. Such systems are also gaining ground in smaller
car segments.
Automotive powertrain testing market could be explored by
vehicle type, drive type, type, application and geography. Market could be
explored by vehicle type as Heavy Commercial Vehicles, Passenger Cars, and
Light Commercial Vehicles. Based on drive type, market could span Rear-Wheel
Drive (Rwd) Powertrain, Front-Wheel Drive Powertrain, and All-Wheel Drive (Awd)
Powertrain. The market could be explored based on type as Gasoline and Diesel.
The key applications that could be explored in the market
include Passenger Car and Commercial Vehicle. The “Commercial Vehicle” segment
led the automotive powertrain testing industry in 2016 and will continue to lead
in the forecast period. The key factor that may be attributed to the growth of
market includes rising demand from manufacturers. The market could be explored
by distribution channel as Direct Channel and Distribution Channel.
APAC accounted for the major share of the market in 2017 and
will continue to lead in the forecast period. The factors that could be
attributed to the growth include presence of major and fastest-growing
automotive segment in developing economies such as South Korea, India, and China
this region will remain to lead the market in the forecast period.
Some of the key players that fuel the growth of the
automotive powertrain testing market comprise HORIBA MIRA, AVL, ThyssenKrupp
system Engineering, Ricardo, FEV, Internek Group, A&D Company, Applus+
IDIADA, REDVIKING, AKKA Technologies, ATESTEO, IAV, Cosworth, ATS Automation
Tooling Systems, IABG and Mustang Advanced Engineering (MAE). The leading
companies are taking up partnerships, mergers and acquisitions, and joint
ventures in order to boost the inorganic growth of the industry.
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