AUTOMOTIVE POWERTRAIN DYNAMOMETERS MARKET ANALYSIS

In the automobile sector, to ensure the highest standards and to meet the product quality, durability, reliability, and safety of automobile, powertrain dynamometer plays an important role. As manufacturers and engineers of vehicles focus on providing vehicles with improved fuel economy and increased engine power, they need to test the power output and fuel efficiency of vehicle powertrain dynamometers. Dynamometer is a device used for measuring force, the moment of force (torque), and power. Power, force, and torque are very important terms related to the performance of a vehicle. For instance, if the vehicle consumes less power, it gives high mileage and consumes less fuel. Hence, measuring of force, torque, and power of an automotive powertrain is very important for manufacturers to provide best quality vehicle. Furthermore, dynamometers are used to simulate road loading on full powertrain and measure the vehicle’s ability to move or hold the RPM (revolutions per minute), according to the braking force applied. Hence, increasing production of automobiles is driving growth of the global automotive powertrain dynamometers market.

Original equipment manufacturers are expanding research and development efforts in order to produce cost-effective solutions employing cost-effective components. However, the prices of raw materials required to build powertrain dynamometers are fluctuating, and automakers are dealing with unpredictable pricing of integrated circuits, circuit boards, and other components.

Global Automotive Powertrain Dynamometers Market - Impact of Coronavirus (Covid-19) Pandemic

• COVID-19 is an unprecedented worldwide public health crisis that has impacted nearly every business, with long-term consequences that are expected to stifle industrial growth throughout the projection period. Covid-19 has impacted the market dynamics, competition, and global supply chains.
• Sales and revenue of various manufacturing industries decreased gradually in 2020, similarly, the construction industry has been badly hit by COVID-19, owing to capital constraints created by lockdowns and delayed building projects. During the pandemic, several automotive companies halted their investment in R&D and reduced production capacities, which hampered the demand for test automation systems for powertrain dynamometers.
• In post COVID-19 scenario, due to resumed production in the automobile sector, automotive test equipment might experience an increased growth rate, which can be attributed to the increasing regulations concerned with the Greenhouse Gas (GHG) emission mission from the vehicles. The increasing energy conservation movement/regulations concerned with automobiles will also impact the automotive powertrain dynamometers market positively.

Asia Pacific is expected to hold dominant position in the global automotive powertrain dynamometers market during the forecast period.

Statistics:

Asia Pacific held dominant position in the global automotive powertrain dynamometers market in 2021, accounting for 40.0% share, in terms of value, followed by North America and Europe

Figure 1: Global Automotive Powertrain Dynamometers Market Share (%), By Region, 2021

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Among regions, Asia Pacific held dominant position in the global automotive powertrain dynamometers Market in 2021, and is expected to retain its dominance throughout the forecast period. The factor attributed to growth of the automotive powertrain dynamometers market in expanding manufacturing activities in automobile sector is a major driver for market growth in the region. For instance, in 2018, Asia Pacific was pegged at over 37 million units of automobiles production or 42% of the global automobile production market.

Players in the region are focusing on inorganic growth strategies, in order to enhance their market share. This could aid in growth of the market in the region. For instance, Horiba, Ltd., a leading manufacturer of precision instruments, partnered with Keihen Group, Japanese company specialized in manufacturing various automatic valves, in order to develop next generation electric vehicle powertrain testing systems.

North America is one of the leading markets for ground engaging tools and it is expected to grow significantly in the coming years. Increasing focus of original equipment manufacturers (OEMs) to low maintenance cost is leading to higher investment in research and development (R&D) and testing of vehicle engines to control emission and noise of exhaust gases. These are expected to aid on growth of the market in the region.

Figure 2: Global Automotive Powertrain Dynamometers Market Value (US$ Mn) Analysis and Forecast and Y-o-Y Growth (%), 2017 - 2030

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The Global Automotive Powertrain Dynamometers Market was valued at US$ 275.4 Mn in 2021 and is expected to reach US$ 384.5 Mn by 2030 at a CAGR of 4.5% between 2021 and 2030.

Major players operating in the global automotive powertrain dynamometers market include Horiba, Ltd., Ricardo, Hitachi Construction Machinery, Rototest, Sandvik AB, Intertek Group PLC, AIP GmbH & Co. KG, Burke E. Porter Machinery Company (BEPCO), and Sakor Technologies, Inc.