Automotive Powertrain Testing Market Key Players, Trends, Growth Opportunities and Industry Forecast till 2023
“The factors that propel the growth of the Automotive Powertrain Testing Market include cold and hot engine tests conducted to investigate complete engine performance, increasing R&D activities, technological advancement�
Global 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. Get Sample Copy of this Report @ https://www.millioninsights.com/industry-reports/automotive-powertrain-testing-market/requestsample 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 Comme rcial 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. Browse Related Category Market Reports @ https://www.millioninsights.com/industry/automotive-and-transport Market Segment: Key Regions • North America (United States, Canada and Mexico) • Europe (Germany, UK, France, Italy, Russia and Spain etc.) • Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.) • South America Brazil, Argentina, Colombia and Chile etc.) • Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
Key Players • AVL • HORIBA MIRA • Ricardo • thyssenkrupp system Engineering • Internek Group • FEV • A&D Company • AKKA Technologies • Applus+ IDIADA • ATESTEO • ATS Automation Tooling Systems • Cosworth • IABG • IAV • Mustang Advanced Engineering (MAE) • REDVIKING Market split by Type, can be divided into: • Engine Testing • Transmission Testing • Drive Shafts Testing • Differentials Testing • Driving Wheels Testing Market split by Application, can be divided into: • Passenger Car • Commercial Vehicle
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