Due to an increase in the number of vehicles on the road, there is a rising need for powertrain dynamometers in the global automotive powertrain dynamometers market. Additionally, some of the major companies in the automotive powertrain dynamometer market who contribute to a greater portion of the industry's income include Horiba Ltd., AVL, and MEIDENSHA CORPORATION. The market analysis for automotive powertrain dynamometers examines potential applications for passenger, heavy, and light commercial vehicles. Due to the rising demand for powertrain dynamometers for these cars, the passenger vehicle sector held the highest share in the automotive powertrain dynamometer market in 2018, according to Worldwide Market Reports. The ability of the vehicle to move or hold the RPM (revolutions per minute) in response to the applied braking force is measured using dynamometers, which simulate road loads on the entire powertrain. Thus, rising auto production is propelling the growth of the global market for automotive powertrain dynamometers. In order to provide cost-effective solutions using cost-effective components, original equipment manufacturers are increasing their research and development activities.
According to Coherent Market Insights, At a CAGR of 4.5% from 2021 to 2030, the Global Automotive Powertrain Dynamometers Market, which was valued at US$ 275.4 Mn in 2021, is anticipated to grow to US$ 384.5 Mn by 2030.
Key Companies in the Automotive Powertrain Dynamometers Industry:
1. Horiba, Ltd.
The firm was founded in 1953 and is based in Kyoto, Japan. The business creates and sells measurement devices and analyzers. Scientific analyzers, environmental monitoring equipment, medical analyzers, engine emission analyzers, and semiconductor test tools are the company's primary product categories. HORIBA introduced the SPCS-ONE solid particle counting system in March 2023. HORIBA Tocadero developed its online TOC analyzer with POC/VOC measurement in direct technique in March 2023.
2. Ricardo
The business was established in 1915 and is located in United Kingdom. Management consultation is offered by Ricardo, Inc. The company provides consulting services in engineering, strategy, and the environment. Ricardo started a project in April 2023 to increase efficiency for long-distance heavy transport. To expand its offerings for water consulting, Ricardo plc purchased Aither Pty. Ltd in March 2023.
3. Hitachi Construction Machinery
The business was established in 1970 and has its main office in Tokyo, Japan. The business produces, sells, and provides maintenance for equipment used in transportation, construction, and other industries. In order to investigate potential for mine operators to pursue net-zero emissions from mining machinery, A Memorandum of Understanding (MoU) was signed by Hitachi Construction Machinery Co., Ltd. and ABB Ltd. in March 2021.
4. Sandvik AB
The company was established in 1862 and is located in Stockholm, Sweden. The business specialises in goods and services for metal cutting and machining, as well as mining, rock extraction, drilling, and processing. Sandvik acquired Deswik, an Australian developer of mine planning software, in 2022. The Sandvik Materials Technology business unit was separated and publicly listed at Nasdaq Stockholm in August 2022.
5. Intertek Group PLC
The company was established in 1996 and is located in London, United Kingdom. The company conducts testing on textiles, toys, petroleum, chemicals, electronics, building materials, and agricultural items. Governments, exporters, and importers can obtain product safety inspections from Intertek, who also verifies that import tariffs have been recorded and paid.Intertek purchased the Assurance and Standards Business divisions of SAI Global in May 2021.
6. Burke E. Porter Machinery Company (BEPCO)
The business was started in 1953 and is located in n North America, Europe, and Asia. The company's line of work comprises the production of industrial instruments and related goods for measuring, displaying, and transmitting public utility services. The business is a pioneer in the development, production, and distribution of sophisticated technological testing and assembly solutions.
7. Sakor Technologies, Inc.
The company was established in 1987 and is located in Owosso, Michigan. The company's scope of work involves the production of computer accessories. The business is a well-known global leader in the creation of trustworthy and affordable automated dynamometer-based test solutions for a variety of applications.
*Definition: Powertrain dynamometers are crucial tools used in the automotive industry to assure the highest standards and to meet requirements for product quality, longevity, dependability, and safety.
