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The North America - automotive transmission dynamometer market size is forecast to increase by USD 565.05 million at a CAGR of 3.77% between 2023 and 2028. Several factors play a crucial role in the market's growth, such as the cost pressures faced by automotive OEMs leading to higher investments in R&D and testing, the rise in demand for automobile restoration, and the increasing number of vehicles with automatic transmission.
The report includes a comprehensive outlook on the North America Automotive Transmission Dynamometer Market, offering forecasts for the industry segmented by End-user, which comprises automotive testing centers and body shops, automotive tier-1 suppliersand, automotive OEMs. Additionally, it categorizes Application into passenger vehicles, and commercial vehicles. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Cost pressures faced by automotive OEMs leading to higher investments in R&D and testing is the key factor driving market growth. The imposition of environmental and safety standards is leading automotive OEMs to develop and implement measures to comply with the regulations while not transmitting the incurred additional costs to consumers. Compliance with emission regulations is bound to increase the cost of vehicles. The demand for competitively priced automobiles with advanced features will also add to the existing cost pressures faced by OEMs. Therefore, automotive OEMs will direct funds toward the R and D of processes and technologies that aim at reducing production costs.
Moreover, automotive transmission dynamometers rigorously test the transmission before they are fitted into vehicles. This allows automotive OEMs to eliminate the hefty costs and protect brand reputation by avoiding recalls due to faulty transmission systems. Such scenarios signify that production process improvements will always remain a priority for the automotive industry, which is driving the demand for transmission dynamometers in North America. Thus, such factors will continue to drive market growth during the forecast period.
The development of computer and IT-enabled powertrain testing systems is the primary trend shaping market growth. With the increasing use of Internet technologies, computer networking, and IT skills, in combination with engineering expertise, advanced systems that have the potential to transform the future of powertrain testing are being developed. One such development is the Global Test Environment (GTE) by Ricardo, which differentiates the company from the market.
Moreover, the system provides everything that test and development engineers require when they visit a powertrain test cell, such as the ability to interrogate test parameters, alter test conditions, monitor results, investigate problems, look around the cell, and examine individual components. The engineer can connect to the test cell through the computer system. Thus, the development of computer and IT-enabled powertrain testing systems will drive market growth during the forecast period.
A shortage of personnel with skill sets for dynamometer testing is a challenge that affects market growth. Lack of knowledge about the information to be extracted can yield undesired outcomes or errors in results. Thus, inaccuracy in measurement can result from the lack of dynamometer-specific skill sets. A transmission dynamometer operator needs to have a deep understanding of dynamometer testing procedures, drive cycles, and functioning. The operator or supervisor overseeing the transmission dynamometer testing procedures must exhibit expertise or knowledge of mechanical engineering, math, engineering drawing, and technical skills.
In addition, appropriate data extraction skills are also important, along with controlling certain variables. Therefore, it is essential for employees engaged in transmission dynamometer testing to have the capabilities related to data acquisition and processing of information and making independent judgments. Consequently, the lack of appropriate skill sets can lead to potential inaccuracies in measurement, which may impede the growth of the market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
North America Automotive Transmission Dynamometer Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 19 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The automotive testing centers and body shops segment is estimated to witness significant growth during the forecast period. Automotive OEMs outsource their testing needs to the testing service providers that offer complete end-to-end testing solutions. Such testing includes dynamometer testing, exhaust emission testing, environment testing, performance testing, functional testing, vehicle components testing, and pressure impulse testing. A transmission dynamometer is an important tool for any transmission shop.
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The automotive testing centers and body shops segment was the largest segment and was valued at USD 1,373.97 million in 2018. A transmission dynamometer can be used to fine-tune and troubleshoot any teething issues with the transmission system before it is fitted into the vehicle. This, in turn, reduces the return rate for remanufacturing or repairing transmission systems. Thus, the increasing outsourcing of transmission testing services by automotive OEMs to testing centers and body shops will drive the growth of this segment of the North America - automotive transmission dynamometer market during the forecast period.
The North America automotive transmission dynamometer market report forecasts market growth by revenue and analyzes the latest trends and growth opportunities from 2018 to 2028.
North America Transmission Dynamometer Market Scope |
|
Report Coverage |
Details |
Page number |
148 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.77% |
Market Growth 2024-2028 |
USD 565.05 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.43 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
A and D Technology, Ascential Technologies , AVL List GmbH, Dyno One Inc., FEV Group GmbH, Force Control Industries Inc., HORIBA Ltd., Kinergo, LINK ENGINEERING Co., Meidensha Corp., Mustang Advanced Engineering, NTS, Phoenix Dynamometer Technologies LLC, Power Test LLC, SAKOR Technologies Inc., SuperFlow Dynamometers and Flowbenches, Taylor Dynamometer, Unico LLC, and Froude Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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