The report gives a clear image of the current Powertrain Market scenario and the expected future of the industry. The report focuses on market drivers, restraints, growth, trends, and the forecast for the period from 2020 to 2025. Besides, the report also represents the market performance by value chain analysis which will help to provide better product differentiation along with the analysis of each segment regarding opportunity, market attractiveness index and growth rate.
Powertrain Testing is undergoing radical change, driven by the challenges that global society faces today. The need for reduced dependence on fossil fuels and improved carbon footprints is driving advances in the technologies used in all vehicles. This in turn has a direct impact on approaches to testing of powertrain components and systems.
There are three major areas of powertrain test: Hardware-in-the-loop and Component cells test sub-systems of the Powertrain and normally include simulation of other components that are absent from the test. These are generally focused on the development of hardware systems such as engine/prime-mover/transmission control systems.
According to this study, over the next five years the Powertrain market will register a 0.8% CAGR in terms of revenue, the global market size will reach US$ 2530 million by 2024, from US$ 2440 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Powertrain business, shared in Chapter 3
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The key manufacturers covered in this report:
- AKKA Technologies
- Applus+ IDIADA
- CSA Group
- CRITT M2A
Segmentation by product type:
- Engine Test
- Gearbox Test
- Turbocharger Test
- Powertrain Final Tests
Segmentation by application:
- Automotive Powertrain Components Manufacturers
- Automotive Manufacturers
This report also splits the market by region:
• United States
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- To study and analyze the global Powertrain consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Powertrain market by identifying its various subsegments.
- Focuses on the key global Powertrain manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Powertrain with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Powertrain submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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