Global Drivetrain Test Benches Market is valued approximately USD XXX million in 2019 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2020-2027. Drivetrain test benches are designed to test transmissions as a subassembly, as part of the drivetrain, or as a part of the entire vehicle. These benches are used for testing powertrains of hybrid and conventional construction in any configuration as well as single components such as electric and wheel hub motors, internal combustion engines, clutches, gearboxes, shafts and axles. Drivetrain test benches is constantly adapted to meet the new demands of the market and considers the growing demand for testing electric and hybrid drives. Rising demand for hybrid and electric vehicles, increasing need for better acceleration, traction, & towing capabilities in vehicles and growing focus for comfort & safety in vehicles are the few factors responsible for high CAGR of the market over the forecast period. For instance, it is estimated that global electric vehicles sales totalled about 312,000 in Q1 2018, an increase of 58% compared to Q1 2017, as per the Edison Electric Institute. Also, it is estimated that number of electrics vehicles on the road in the United States, is about 8,90,000 in 2018, up from number of electric vehicles of approximately 6,00,000 in 2017. This, in turn, is expected to accelerate the demand for drivetrain test benches, thus contributing to the growth of the global market. However, the advent of COVID-19 pandemic has a swift and severe impact on a wide range of industries including automotive sector thus, representing a substantial decline in the production & sales of vehicles. With the reduced production of vehicles, the demand for drivetrain test benches will decrease as well, thus limiting the market growth. Also, high initial & maintenance cost and volatility in raw material prices are some other factors restraining the market growth over the forecast period of 2020-2027.

The regional analysis of global Drivetrain Test Benches market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing vehicle production along with the growing focus toward comfort & safety of vehicle among users. Whereas, North America is anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027, due to the presence of large number of market players in the United States and Canada.

Major market player included in this report are:
Balance Systems S.r.l
EFCO Maschinenbau GmbH
Flow Systems
Greenlight Innovation Corp
Imc Mersysteme
ITW Balance Engineering
Kurt Manufacturing
Link Engineering
Lorenz Messtechnik
MEA Testing Systems Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Testing (Functional Testing/Durability Testing)
Driving (Combustion Engine/Dynamometer)

By Application:
OEM
Aftermarket

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Drivetrain Test Benches Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors