Powertrain Testing Market Size to Grow USD 4511.2 Million by 2030 with a CAGR of 5.3% | Valuates Reports
BANGALORE, India, June 10, 2024 /PRNewswire/ -- Powertrain Testing Market is Segmented by Type (Engine Test, Gearbox Test, Turbocharger Test, Powertrain Final Tests, HEV/EV Test), by Application (Components Manufacturers, Automotive Manufacturers)
The Powertrain Testing Market was estimated to be worth USD 3056.3 Million in 2023 and is forecast to a readjusted size of USD 4511.2 Million by 2030 with a CAGR of 5.3% during the forecast period 2024-2030.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-1076/Global_Powertrain_Testing_Market
Major Factors Driving the Growth of Powertrain Testing Market:
The market for powertrain testing is expanding because of government restrictions on emissions and fuel efficiency, technological improvements in the automotive industry, and the growing demand for eco-friendly and fuel-efficient automobiles. With the growing attention being paid to electric and hybrid cars, extensive testing solutions are needed to guarantee peak performance and standard compliance. The growth of this market is also fueled by the development of cutting-edge testing tools and software as well as the automotive industry's emphasis on innovation and quality control. The market is expanding due in large part to the rising trend of vehicle electrification as well as the requirement for durability and reliability testing under varied driving situations.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-1076/global-powertrain-testing
TRENDS INFLUENCING THE GROWTH OF POWERTRAIN TESTING MARKET:
Before being incorporated into a whole engine system, individual powertrain components like pistons, cylinders, fuel injectors, and turbochargers must pass rigorous performance, durability, and reliability criteria. This is why engine testing is so important for component makers. By identifying any problems early in the development process, this thorough testing lowers the possibility of expensive malfunctions and recalls. The need for sophisticated engine testing solutions is driven by the need for dependable, high-quality components, which has a major positive impact on the market expansion for powertrain testing. Precise and comprehensive component testing becomes increasingly important as automotive technologies develop and grow more complicated, which drives ongoing market expansion.
In order to fulfill the rising expectations for performance, fuel economy, and emission compliance, automotive manufacturers are substantially investing in cutting-edge testing facilities and techniques, which is propelling the growth of the powertrain testing market. Thorough testing is necessary when new powertrain technologies, such as hybrid and electric systems, are developed to make sure they live up to consumer expectations and regulatory requirements. In order to ensure high-quality goods, manufacturers utilize powertrain testing to verify the functionality, robustness, and safety of engines and gearboxes across a range of operating situations. Their emphasis on innovation and ongoing engine system development calls for rigorous testing, which greatly increases the need for advanced powertrain testing solutions.
Powertrain testing is driven mostly by government rules pertaining to fuel economy and vehicle emissions. Global regulatory agencies are enforcing more stringent regulations in an effort to lower pollution levels and increase fuel efficiency. To guarantee that cars achieve the required limitations for fuel efficiency and CO2 emissions, these laws necessitate rigorous testing and validation of engine systems. Automakers need powertrain testing facilities in order to design and certify engines and gearboxes that meet these requirements. It is anticipated that the ongoing tightening of emission regulations will fuel the need for sophisticated testing methods to guarantee that automobiles are energy- and environmentally-efficient.
Full powertrain testing is becoming more and more necessary as automakers concentrate more on improving vehicle performance and dependability. Customers look to cars to provide excellent performance, lifespan, and dependability. Manufacturers must put powertrain components through thorough testing in a range of operating environments in order to satisfy these objectives, spot possible problems, and maximize performance. Engine and transmission performance parameters are assessed using sophisticated testing techniques, such as dynamometer testing and simulation, to make sure the engines and transmissions live up to expectations. The market for powertrain testing is expanding due in large part to the increased focus on performance and dependability, which aids in the production of more dependable and superior automobiles by manufacturers.
The market for powertrain testing is expanding as a result of the automobile industry's rise in emerging economies. Growing urbanization, growing wages, and an expanding middle class are driving the fast development in automobile manufacturing and sales in countries like China, India, and Brazil. Because of this expansion, there is a rising need for powertrain testing services to aid in the creation and manufacturing of new automobiles. Modern testing facilities are being invested in by local automakers to make sure their powertrains fulfill international performance, efficiency, and emissions regulations. The market for powertrain testing has a lot of potential due to the expanding automotive sector in emerging economies.
Own It Today – Buy Now!
https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-1076&lic=single-user
POWERTRAIN TESTING MARKET SHARE:
Key companies in the world of powertrain testing include ThyssenKrupp, AKKA Technologies, AVL, FEV, CAC, IAV, APL Group, and Horiba, Atesteo, among others. With a combined market share of 45%, the top five manufacturers are led by AVL, which is the leading producer with a 25% share.
Europe holds a 30% market share in sales, making it the largest sales market. North America and China follow with 25% and 20% of the market share, respectively.
Purchase Regional Report: https://reports.valuates.com/market-reports/QYRE-Auto-1076/global-powertrain-testin/7
Key Companies:
● AKKA Technologies
● Ricardo
● FEV
● Thyssenkrupp AG
● Horiba Ltd
● Atesteo
● Intertek
● IAV
● KST
● AVL
● APL group
● Element
● TÜV SÜD Group
● Linamar
● ISP Salzbergen GmbH
● Millbrook
● 中汽研
● Applus+
● Suzhou Itimotor
● Shanghai W-ibeda High Tech
● GETEC Getriebe Technik
● Jiangsu Liance Electromechanical Technology
● CRITT M2A
Purchase Chapters: https://reports.valuates.com/market-reports/QYRE-Auto-1076/global-powertrain-testing/1
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
- Automotive Powertrain Testing Market
- Powertrain market size is projected to reach USD 2654.7 Million by 2027, from USD 2516.1 Million in 2020, at a CAGR of 0.8% during 2021-2027.
- e-Powertrain Test Machine market size is expected to reach USD 322.7 Million by 2029, growing at a CAGR of 3.7% from 2023 to 2029.
- Automotive Powertrain Testing Market
- Automotive Powertrain Testing Equipment Market
- Automotive Turbochargers market is projected to reach USD 37120 Million by 2030 from an estimated USD 20730 Million in 2024, at a CAGR of 10.2% during 2024 and 2030.
- Test and Measurement Equipment market was valued at USD 11810 Million in 2023 and is anticipated to reach USD 18710 Million by 2030, witnessing a CAGR of 6.4% during the forecast period 2024-2030.
- Automotive Semiconductor market size is projected to reach USD 42140 Million by 2028, from USD 31430 Million in 2021, at a CAGR of 3.8% during 2022-2028.
- The global fleet management market size was valued at USD 19.47 Billion in 2020 and is projected to reach USD 52.50 Billion by 2030 registering a CAGR of 10.6% from 2021 to 2030.
- Automotive sensor market size is expected to reach USD 34.65 Billion by 2027 from USD 16.40 Billion in 2019, growing at a CAGR of 10.2% from 2020 to 2027.
- Electric Vehicle Chassis Dynamometer Market
- Engine and Powertrain Testing Market
- EV Powertrain Solution market is projected to reach USD 3096.3 Million in 2029, increasing from USD 2260 Million in 2022, with a CAGR of 4.6% during the period of 2023 to 2029.
- Engine and Powertrain Testing Market
- Automotive Powertrain Dynamometers Market
- Commercial Vehicle Engine Cooling System Market
- Powertrain Control Module (PCM) market size is expected to reach USD 3623.8 Million by 2029, growing at a CAGR of 4.4% from 2023 to 2029.
- Automotive CNG System Parts Market
- Fuel Cell market size is projected to reach USD 15820 Million by 2027, from USD 4331 Million in 2020, at a CAGR of 20.4% during 2021-2027.
- Continuously Variable Transmission Systems market was valued at USD 20990 Million in 2023 and is anticipated to reach USD 27210 Million by 2030, witnessing a CAGR of 3.7% during the forecast period 2024-2030.
- Electric Vehicle Dynamometer Market
- Automotive Engine Cooling Fan Market
- Powertrain and Emission Testing Market
- Automotive Torque Converter market was valued at USD 541.6 Million in 2023 and is anticipated to reach USD 684.2 Million by 2030, witnessing a CAGR of 3.4% during the forecast period 2024-2030.
- Powertrain Dynamometer Test Systems Market
- Vehicles Engine Cooling Systems market was valued at USD 17370 Million in 2023 and is anticipated to reach USD 22630 Million by 2030, witnessing a CAGR of 3.5% during the forecast period 2024-2030.
- Electric Vehicle Powertrain Testing Equipment market was valued at USD 249.6 Million in 2023 and is anticipated to reach USD 356.5 Million by 2030, witnessing a CAGR of 5.3% during the forecast period 2024-2030.
- Engine and Powertrain Testing Market
- E-Drive Testing Solutions Market
- Automotive Noise, Vibration and Harshness (NVH) Testing Service market was valued at USD 2236 Million in 2023 and is anticipated to reach USD 3465.5 Million by 2030, witnessing a CAGR of 6.5% during the forecast period 2024-2030.
- New Energy Vehicle Powertrain Test Equipment Market
- Automotive Hardware-in-the-Loop Testing market was valued at USD 560 Million in 2023 and is anticipated to reach USD 860.2 Million by 2030, witnessing a CAGR of 6.1% during the forecast period 2024-2030.
- Test Automation Systems for Powertrain Dynamometer market was valued at USD 648.5 Million in 2023 and is anticipated to reach USD 916.3 Million by 2030, witnessing a CAGR of 5.8% during the forecast period 2024-2030.
- The Third-party Vehicle Inspection and Testing Service Market was estimated to be worth USD 22720 Million in 2023 and is forecast to a readjusted size of USD 35300 Million by 2030 with a CAGR of 3.6% during the forecast period 2024-2030.
- The NVH testing market was valued at USD 2 Billion in 2021, and is estimated to reach USD 3.5 Billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031.
DISCOVER OUR VISION: VISIT ABOUT US!
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
YOUR FEEDBACK MATTERS: REACH OUT TO US!
Valuates Reports
For U.S. Toll-Free Call 1-(315)-215-3225
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Blog: https://valuatestrends.blogspot.com/
Pinterest: https://in.pinterest.com/valuatesreports/
Twitter: https://twitter.com/valuatesreports
Facebook: https://www.facebook.com/valuatesreports/
https://www.facebook.com/valuateskorean
https://www.facebook.com/valuatesspanish
https://www.facebook.com/valuatesjapanese
https://valuatesreportspanish.blogspot.com/
https://valuateskorean.blogspot.com/
https://valuatesgerman.blogspot.com/
https://valuatesreportjapanese.blogspot.com/
Share this article