Automotive Powertrain Dynamometers Market, by Type (ICE Powertrain, Hybrid and Electric Powertrain), by Application (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Apr 2022

Code : CMI4999

Pages :170

Formats :

Excel and PDF

Industry : Information and Communication Technology

Automotive Powertrain Dynamometers MarketSize and Trends

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

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.

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

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.