Report Code: A10126 | Pages: NA | Mar 2023 | 2253 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Powertrain Testing Market
Request Now !The powertrain of a vehicle is defined by its performance, comfort, and safety, it is undergoing radical change which is driven by the challenges that the global market faces today. The engine and transmission are considered to be the major components of the powertrain, and other key components include the clutch or torque converter, drive shaft or propeller shaft, differential, and axles. The increasing need for less dependence on fossil fuels and improved carbon footprints is driving the growth in the technologies used in all vehicles. The increasing demand for such technologies has a direct impact on approaches to testing of powertrain components and systems all around the globe. Currently, gasoline powertrains are the most widely adopted, and are expected to be replaced by diesel ones as the difference between the prices of gasoline and diesel is increasing. As a result of this, the powertrain systems and components manufacturers have been adopting hybrid powertrains to reduce fuel usage in vehicles.
 Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2020–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast units |  Value (USD) |
 Segments covered |  Type, Application, and Vehicle Type |
 Regions covered | North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), LAMEA (Latin America, the Middle East and Africa) |
 Companies covered | AKKA Technologies, Ricardo, FEV, ThyssenKrupp, Horiba, Atesteo, Applus+ IDIADA, Intertek, IAV, MAE, and A&D |
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COVID-19 scenario analysis:
Some of the factors such as the growing trend of downsized engines and rising demand for automatic transmissions are expected to drive the demand of the market during the forecast period. However, stringent emission norms and saturation in European markets are anticipated to hamper the growth of the market. Furthermore, increasing car penetration in emerging countries is expected to offer lucrative opportunities for the market in the forecasting period.
The powertrain testing market trends are as follows:
The downsizing of an engine is a practice of improving fuel efficiency in an Internal Combustion Engine (ICE) to utilize smaller combustion engines over larger ones of the same power capacity when manufacturing vehicles. Also, by reducing the frictional loss and weight while turbocharging is used to maintain the peak power from an engine. In addition, the downsizing of the engine can help in reducing fuel consumption and emissions inside the engine. Hence, increasing trend for downsizing the engine has rapidly increased the demand for the powertrain testing market all across the globe.
An automatic transmission in an engine is a type of motor vehicle transmission that automatically changes the gear ratio as the vehicle moves, meaning rather than utilizing a clutch the gear are automatically shifted. In addition, manufacturers in the industry are striving to offer cost-efficient solutions without compromising on the performance of the vehicle through their product offerings. Hence, they are adopting several growth strategies to meet the rising demand for transmission systems across the automotive industry. The increasing demand for the automatic transmission in the industry as they are required to abide by stringent regulations which is expected to grow the powertrain testing market further during the forecast period.
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Key benefits of the report:
Questions answered in the powertrain testing market research report:
Powertrain Testing Market Report Highlights
Aspects | Details |
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By Type |
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By Application |
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By Vehicle Type |
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Key Market Players | AKKA Technologies, Ricardo, FEV, ThyssenKrupp, Horiba, Atesteo, Applus+ IDIADA, Intertek, IAV, MAE, A&D |
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