Industry Background:
The powertrain system is the heart of a vehicle design in which the engine, May it be electric, conventional or hybrid delivers the power, which is further dealt and controlled with the help of transmission and final drive methods. The overall dynamic performance and characteristics of a vehicle are hence described by the powertrain system. The powertrain system covers each and every component that helps in converting the power of the engine into movement. This system comprises of the engine, driveshaft, transmission, axels; and most importantly anything from the engine all the way through to the rotating wheels. Hence testing these components is a very crucial task as these components would directly affect the performance of a vehicle. For testing of the powertrain components, there is powertrain testing done of all the components according to set standards.This growth is primarily driven by Rapid Growth of Automobile Sector in Emerging Economies is Driving the Market Demand, The need for reduced dependence on fossil fuels and improved carbon footprints is driving advances in the technologies used in all vehicles, The rising affinity toward vehicle restoration and engine upgrades and Increase in Demand for Environment-Friendly Vehicles.
Globally, a noticeable market trend is evident Growing Trend of Integrating of Automation in the Industrial Sectors
. Major Vendors, such as AKKA Technologies (Belgium), Ricardo (United Kingdom), FEV Group GmbH (Germany), ThyssenKrupp (Germany), Horiba (Japan), ATESTEO GmbH & Co. KG (Germany), Applus+ IDIADA (Spain), Intertek Group plc (United Kingdom), IAV (Germany), Mustang Dynamometer (United States) and A&D Europe GmbH (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
The emission limits are specified in Regulation (EC) No 715/20077. This regulation sets the emission limits for the different regulated pollutants for different powertrain and vehicle categories. These limits are decided by a co-decision process implying the European legislative process requiring agreement from EU Parliament and Council. They can only be changed by this ordinary legislative procedure. For the WLTP at 23 °C, at 14 °C and for Off-vehicle charge hybrid vehicles (Plug-in HEV) for all tests under charge depleting and charge sustaining conditions. For the RDE Test only NOx und PN limits are to be taken in account for the Not-to-exceed (NTE) limits.
Market Drivers
- Rapid Growth of Automobile Sector in Emerging Economies is Driving the Market Demand
- The need for reduced dependence on fossil fuels and improved carbon footprints is driving advances in the technologies used in all vehicles
- The rising affinity toward vehicle restoration and engine upgrades
- Increase in Demand for Environment-Friendly Vehicles
Market Trend
- Growing Trend of Integrating of Automation in the Industrial Sectors
- Increasing Car Penetration in Emerging Economies
- Technological Advancements in Powertrain System Along With the Trends of Vehicle Downsizing and Light-Weighting Will Further Boost the Demand for Powertrain Testing Market
- The ongoing trends in the development of the Global Test Environment (GTE) technology will prove out to be one of the key factors for the automotive powertrain testing market
Restraints
- High Cost of Powertrain Systems
- Lack of Qualified Professionals to Do the Testing
Opportunities
The Rise in Demand of High Output Engines Is Likely To Bring More Opportunities to the Powertrain Testing Market and Increasing Government Emission Regulations Will Drastically Influence the Growth of Automotive Powertrain Testing Market
Challenges
Low Customer Inclination to Pay Extra for Sustainable Powertrain Systems and Concern Related To Their Complexity of Design of Powertrain Systems
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Powertrain Testing Study Sheds Light on
The Powertrain Testing Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Powertrain Testing industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Powertrain Testing industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.