Automotive Transmission Dynamometer Market size in North America to grow by USD 565.05 million from 2023 to 2028; Future Scope and Innovations
NEW YORK, Jan. 11, 2024 /PRNewswire/ -- The automotive transmission dynamometer market in North America is estimated to grow by USD 565.05 million from 2023 to 2028, growing at a CAGR of 3.77%. The North America Automotive Transmission Dynamometer Market is driven by increased R&D investments due to cost pressures faced by automotive OEMs, spurred by compliance with environmental and safety standards. Cost-effective technology development for emissions compliance and consumer demand for competitively priced vehicles with advanced features further drive R&D focus. Additionally, the market is evolving with the emergence of computer and IT-enabled powertrain testing systems. However, a significant challenge is the scarcity of skilled personnel in dynamometer testing, impacting measurement accuracy and potentially hindering market growth during the forecast period.
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Company Offering:
- AVL List GmbH - The company offers automotive transmission dynamometers such as AVL EMCON 6, AVL DynoFORCE ASM, AVL DynoULTRA PMM, and others.
- Force Control Industries Inc. - The company offers automotive transmission dynamometers that are designed for high torque low-speed load testing of axles, final drives, and transmissions.
- Kinergo - The company offers automotive transmission dynamometers namely DYNAS3 that is used for high-power engine testing.
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The automotive transmission dynamometer market in North America is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer automotive transmission dynamometer market in North America are 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
- Impactful driver- The Automotive Transmission Dynamometer Market is growing due to increased Cost pressures experienced by automotive OEMs, compelling amplified investments in R&D and testing. These factors propel market expansion, emphasizing the significance of Transmission Testing Solutions and Automotive Testing Equipment. As Automotive Industry demands evolve, Transmission Performance gains paramount importance, urging increasing focus on Testing and Measurement Equipment. Such dynamics highlight the significant role of Automotive Research and Development, fueling innovations in Automotive Transmission Testing.
- Key Trend - The North America Automotive Transmission Dynamometer Market experiences a prominent trend driven by the evolution of computer and IT-enabled powertrain testing systems. This trend significantly influences market growth, especially in Vehicle Testing and Automotive Component Testing domains. The emphasis on Powertrain Testing, Torque Measurement, and Load Testing aligns with advancements in Transmission Test Stands. Automotive Technology and automotive Innovation, alongside Automotive Engineering, play significant roles in this shift toward advanced Drive System Testing methodologies.
- Major Challenges - The North America Automotive Transmission Dynamometer Market confronts a notable challenge due to a shortage of skilled personnel adept in dynamometer testing, impacting Transmission Efficiency and Automotive Test Systems. This shortage affects Transmission Testing Services, Research and Development Facilities, and Automotive OEMs reliant on Transmission Manufacturing. Addressing this gap in skill sets is critical for advancing Test Rig Solutions, Transmission Calibration, and Automotive Performance Testing, significant for enhancing Drive System Efficiency within the industry.
Cost pressures faced by automotive OEMs leading to higher investments in R&D and testing is the key factor driving market growth. As a result of the introduction of environmental and safety standards, automotive OEMs are developing and implementing measures to meet these regulations but not passing on any added costs incurred by consumers. Existing cost pressures on Original Equipment Manufacturers will also be exacerbated by the demand for competitively priced cars with advanced features. Preventing recalls due to defects in transmission systems, allows vehicle original equipment manufacturers to reduce significantly the cost of production and safeguard their brand reputation.
Market Segmentation
- Based on End-users, the market is classified into automotive testing centers and body shops, automotive tier-1 suppliers, and, automotive OEMs. The automotive testing centers and body shops segment is estimated to witness significant growth during the forecast period. The testing needs of vehicle original equipment manufacturers are outsourced to test service providers who provide a complete end-to-end solution for testing. Before being installed in the vehicle, a transmission dynamometer can be used to diagnose any mechanical problems with the transmission system and repair them. In turn, the rate of return on remaking or fixing transmission equipment is reduced.
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TOC:
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 Company Landscape
12 Company Analysis
13 Appendix
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