Automotive Powertrain Testing Services Market Size to Grow by USD 2434.53 million From 2022 to 2027, Assessment on Parent Market, Five Forces Analysis, Market Dynamics & Segmentation - Technavio

NEW YORK, Nov. 9, 2022 /PRNewswire/ -- The Global Automotive Powertrain Testing Services Market share is set to increase by USD 2434.53 million from 2022 to 2027. Moreover, the market's growth momentum will accelerate at a CAGR of 7.86%, as per the latest market forecast report by Technavio. The market will also record a 7.1% Y-O-Y growth rate during the forecast period.

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Global Automotive Powertrain Testing Services Market - Parent Market Analysis

Technavio categorizes the global automotive powertrain testing services market as a part of the global automotive components and accessories market within the global auto components market. The global automotive components and accessories market covers companies engaged in the production of parts and accessories for automobiles, such as electric vehicles (EVs), passenger cars (PCs), heavy-duty vehicles, commercial vehicles (CVs), motorcycles, off-road vehicles, quad bikes, scooters, and three-wheelers. Technavio calculates the automotive components and accessories market size based on the combined revenue generated by the manufacturers of automotive components and accessories. 

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Global Automotive Powertrain Testing Services Market Characteristics with Five Forces–

The Global Automotive Powertrain Testing Services Market is fragmented, and the five forces analysis by Technavio gives the accurate vision –

• Bargaining Power of Buyers
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
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Global Automotive Powertrain Testing Services Market – Customer Landscape

• The disruption threats are strategic in nature, and operational risks for suppliers have been mapped based on their negative business impact and probability of occurrence. 
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Global Automotive Powertrain Testing Services Market - Segmentation Assessment

Geography Segment Overview

Technavio's market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Automotive Powertrain Testing Services Market as per geography is categorized into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Automotive Powertrain Testing Services Market size and actionable market understandings.

Regional Highlights:

• APAC is the fastest-growing region in the global automotive powertrain testing services market compared to other regions. 60% of growth will originate from APAC. Economic growth potential in emerging economies such as India and China is enhancing market opportunities for passenger cars, which is attracting global automobile manufacturers. Market players are expanding production facilities and setting up new facilities, which is increasing the demand for automotive test equipment, including powertrain testing systems. Moreover, significant investments in infrastructure and industrialization have led to an increase in the number of commercial vehicles, which is driving the need to test vehicles.

Vehicle Type Segment Overview

• The Global Automotive Powertrain Testing Services Market as per vehicle type segmentation is categorized into Deployment and Application.
• Revenue Generating Segment - The automotive powertrain testing services market share growth by the ICE powertrain segment will be significant during the forecast period. Governments are enforcing stringent emission regulations for powertrains in ICE vehicles, which has compelled automotive OEMs and tier-1 suppliers to innovate their powertrain systems. This, in turn, is increasing the need for testing services. All these factors are leading to the growth of this segment.

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Global Automotive Powertrain Testing Services Market – Market Dynamics

Major Driver Boosting the Market

• The rise in consumer demand and government efforts to upgrade to newer emission norms are driving the market growth.
• Government norms require vehicles to be emission-compliant. For instance, India is governed by the Bharat Stage emission standards. Europe implements the Real Driving Emission (RDE) regulation.
• Such regulations will require alterations to engine components, which will increase the need for testing for compliance, thus driving the global automotive powertrain testing services market growth.

Major trends influencing the growth of the market

• The development of computer and IT-enabled powertrain testing systems is a trend in the market.
• Advanced systems have the potential to transform the future of powertrain testing. For instance, Ricardo's Global Test Environment (GTE) employs the latest secure networking and Internet-based technologies to develop a remote access system. It offers the ability to alter test conditions, cross-examine test parameters, investigate problems, monitor results, look around the cell, and examine individual components. Aston Martin was one of the earliest adopters of this technology for its Aston Martin Vantage V8 engine testing.
• Such developments will support the growth of the market during the forecast period. 

Major Challenges interrupting the market growth

• The capital-intensive nature of testing facilities and equipment for powertrain testing is challenging market growth.
• The average price of a powertrain testing machine ranges from USD 500,000 to USD 1,000,000. In addition, setting up a powertrain testing facility is expensive.
• Therefore, the expensive nature of powertrain testing machines limits the growth potential of the market.

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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19-impacted market research reports.

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Automotive Powertrain Testing Services Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist automotive powertrain testing services market growth during the next five years
• Estimation of the automotive powertrain testing services market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive powertrain testing services market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive powertrain testing services market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global automotive powertrain testing services market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global automotive powertrain testing services market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Vehicle Type Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Vehicle Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 ICE powertrain - Market size and forecast 2022-2027
• Exhibit 34: Chart on ICE powertrain - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on ICE powertrain - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on ICE powertrain - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on ICE powertrain - Year-over-year growth 2022-2027 (%)

• 6.4 Hybrid and electric powertrain - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Hybrid and electric powertrain - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Hybrid and electric powertrain - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Hybrid and electric powertrain - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Hybrid and electric powertrain - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)

7 Market Segmentation by Vehicle Type

• 7.1 Market segments 
• Exhibit 43: Chart on Vehicle Type - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Vehicle Type - Market share 2022-2027 (%)

• 7.2 Comparison by Vehicle Type 
• Exhibit 45: Chart on Comparison by Vehicle Type
• Exhibit 46: Data Table on Comparison by Vehicle Type

• 7.3 Passenger vehicle - Market size and forecast 2022-2027
• Exhibit 47: Chart on Passenger vehicle - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Passenger vehicle - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Passenger vehicle - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Passenger vehicle - Year-over-year growth 2022-2027 (%)

• 7.4 Commercial vehicle - Market size and forecast 2022-2027
• Exhibit 51: Chart on Commercial vehicle - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Commercial vehicle - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Commercial vehicle - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Commercial vehicle - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Vehicle Type 
• Exhibit 55: Market opportunity by Vehicle Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 81: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027
• Exhibit 97: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 A and D Co. Ltd. 
• Exhibit 108: A and D Co. Ltd. - Overview
• Exhibit 109: A and D Co. Ltd. - Business segments
• Exhibit 110: A and D Co. Ltd. - Key offerings
• Exhibit 111: A and D Co. Ltd. - Segment focus

• 12.4 AKKA Technologies SE 
• Exhibit 112: AKKA Technologies SE - Overview
• Exhibit 113: AKKA Technologies SE - Business segments
• Exhibit 114: AKKA Technologies SE - Key offerings
• Exhibit 115: AKKA Technologies SE - Segment focus

• 12.5 ATS Automation Tooling Systems Inc. 
• Exhibit 116: ATS Automation Tooling Systems Inc. - Overview
• Exhibit 117: ATS Automation Tooling Systems Inc. - Product / Service
• Exhibit 118: ATS Automation Tooling Systems Inc. - Key offerings

• 12.6 AVL List GmbH 
• Exhibit 119: AVL List GmbH - Overview
• Exhibit 120: AVL List GmbH - Product / Service
• Exhibit 121: AVL List GmbH - Key offerings

• 12.7 Cambustion Ltd. 
• Exhibit 122: Cambustion Ltd. - Overview
• Exhibit 123: Cambustion Ltd. - Product / Service
• Exhibit 124: Cambustion Ltd. - Key offerings

• 12.8 Cosworth Group Holdings Ltd. 
• Exhibit 125: Cosworth Group Holdings Ltd. - Overview
• Exhibit 126: Cosworth Group Holdings Ltd. - Product / Service
• Exhibit 127: Cosworth Group Holdings Ltd. - Key offerings

• 12.9 FEV Group GmbH 
• Exhibit 128: FEV Group GmbH - Overview
• Exhibit 129: FEV Group GmbH - Product / Service
• Exhibit 130: FEV Group GmbH - Key offerings

• 12.10 HORIBA Ltd. 
• Exhibit 131: HORIBA Ltd. - Overview
• Exhibit 132: HORIBA Ltd. - Business segments
• Exhibit 133: HORIBA Ltd. - Key news
• Exhibit 134: HORIBA Ltd. - Key offerings
• Exhibit 135: HORIBA Ltd. - Segment focus

• 12.11 IAV GmbH 
• Exhibit 136: IAV GmbH - Overview
• Exhibit 137: IAV GmbH - Product / Service
• Exhibit 138: IAV GmbH - Key offerings

• 12.12 Industrieanlagen Betriebsgesellschaft mbH 
• Exhibit 139: Industrieanlagen Betriebsgesellschaft mbH - Overview
• Exhibit 140: Industrieanlagen Betriebsgesellschaft mbH - Product / Service
• Exhibit 141: Industrieanlagen Betriebsgesellschaft mbH - Key offerings

• 12.13 Intertek Group Plc 
• Exhibit 142: Intertek Group Plc - Overview
• Exhibit 143: Intertek Group Plc - Business segments
• Exhibit 144: Intertek Group Plc - Key news
• Exhibit 145: Intertek Group Plc - Key offerings
• Exhibit 146: Intertek Group Plc - Segment focus

• 12.14 Mtech UK Associates Ltd. 
• Exhibit 147: Mtech UK Associates Ltd. - Overview
• Exhibit 148: Mtech UK Associates Ltd. - Product / Service
• Exhibit 149: Mtech UK Associates Ltd. - Key offerings

• 12.15 Mustang Advanced Engineering 
• Exhibit 150: Mustang Advanced Engineering - Overview
• Exhibit 151: Mustang Advanced Engineering - Product / Service
• Exhibit 152: Mustang Advanced Engineering - Key offerings

• 12.16 Ricardo Plc 
• Exhibit 153: Ricardo Plc - Overview
• Exhibit 154: Ricardo Plc - Business segments
• Exhibit 155: Ricardo Plc - Key offerings
• Exhibit 156: Ricardo Plc - Segment focus

• 12.17 thyssenkrupp AG 
• Exhibit 157: thyssenkrupp AG - Overview
• Exhibit 158: thyssenkrupp AG - Business segments
• Exhibit 159: thyssenkrupp AG - Key news
• Exhibit 160: thyssenkrupp AG - Key offerings
• Exhibit 161: thyssenkrupp AG - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 162: Inclusions checklist
• Exhibit 163: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 164: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 165: Research methodology
• Exhibit 166: Validation techniques employed for market sizing
• Exhibit 167: Information sources

• 13.5 List of abbreviations 
• Exhibit 168: List of abbreviations

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