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Global Drivetrain Test Benches Market is valued at approximately USD 233.2 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.08% over the forecast period 2022-2029. Test Benches for drivetrains and powertrains are designed to test transmissions as a subassembly, as part of the drivetrain and the entire vehicle. The Drivetrain Test Benches market is expanding because of factors such as Surge in demand for hybrid and electric vehicles. However, High maintenance and installation cost of Test Benches may halt market growth. It’s a Heavy Industrial machinery market. Safety or security concerns regarding commercial and passenger vehicles have been the upmost priority of the automotive manufacturers. So, its prevalence has progressively increased during the last few decades.
According to the International Energy Agency Organization, Sales of electric cars including fully electric and plug-in hybrids doubled in 2021 to a new record of 6.6 million units. Furthermore, lower manufacturing costs have significantly reduced the price gap with traditional cars. According to IEA the China, electric car sales figures increase three times in 2021 to 3.3 million, accounting for about half of the global production. Meanwhile sales figures also grew rapidly in Europe by 65% and are expected to reach 2.3 million in future. Another important component driving space increase is rising emphasis on comfort & safety in vehicles. In 2020 as per US Department of transportation National Highway Traffic Safety Administration 38,824 number of people killed in motor vehicle crashes which is quite alarming situation for Research and development departments of key automakers regarding safety measurement. However, the high cost of Drivetrain Test Benches stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Drivetrain Test Benches Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the space in terms of revenue, owing to the Increasing production of passenger cars and commercial vehicles. According to Statista, in 2014, the sales of passenger vehicle in China were 19.71 million units and in 2021 the number reached 21.48 million units. In future also Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising development of all-wheel drive-in vehicles, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.
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.
Recent Developments in the Market:
In July 2022 imc FAMOS launched a data analysis software for imc Test & Measurement, integrated with Python interface and supports parallel processing for modern multi-core PC architectures. Helps test engineers in visualization and analysis of test and measurement data and creating print-ready or ad hoc reports
In April 2021 Kurt Workholding and Absolute Machine Tools collaborates to create turnkey automation featuring a Mitsubishi LoadMate Plus, Kurt 3600A Pneumatic Vise and Kurt RV36 Robotic Gripper with a Tongtai VP-10 high-speed machining center. Proficient in pneumatic and hydraulic work holding solutions for drive systems.
Global Drivetrain Test Benches Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Application, Product Type
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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/Durability
Driving Combustion engine/ Dynamometer
By Application:
OEM
After Market
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Thermal Interface Materials Market, by Region, 2019-2029 (USD Million)
1.2.2. Thermal Interface Materials Market, by Product, 2019-2029 (USD Million)
1.2.3. Thermal Interface Materials Market, by Application, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Thermal Interface Materials Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Thermal Interface Materials Market Dynamics
3.1. Thermal Interface Materials Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Surging demand for electronic consumer product
3.1.1.2. Growing scope of Industrial Automation
3.1.1.3. Growing LED market drives the demand for thermal interface materials
3.1.2. Market Challenges
3.1.2.1. Limiting Physical properties of thermal interface materials
3.1.3. Market Opportunities
3.1.3.1. Growing adoption of TIMS in medical devices
3.1.3.2. Growing advancements in military and aerospace applications
Chapter 4. Global Thermal Interface Materials Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Thermal Interface Materials Market, by Product
6.1. Market Snapshot
6.2. Global Thermal Interface Materials Market by Product, Performance – Potential Analysis
6.3. Global Thermal Interface Materials Market Estimates & Forecasts by Product 2019-2029 (USD Million)
6.4. Thermal Interface Materials Market, Sub Segment Analysis
6.4.1. Greases & Adhesives,
6.4.2. Tapes & Films,
6.4.3. Phase Change Materials
6.4.4. Gap Fillers,
6.4.5. Others
Chapter 7. Global Thermal Interface Materials Market, by Application
7.1. Market Snapshot
7.2. Global Thermal Interface Materials Market by Application, Performance – Potential Analysis
7.3. Global Thermal Interface Materials Market Estimates & Forecasts by Application 2019-2029 (USD Million)
7.4. Thermal Interface Materials Market, Sub Segment Analysis
7.4.1. Computers,
7.4.2. Telecom,
7.4.3. Consumer Durables,
7.4.4. Medical Devices,
7.4.5. Others
Chapter 8. Global Thermal Interface Materials Market, Regional Analysis
8.1. Thermal Interface Materials Market, Regional Market Snapshot
8.2. North America Thermal Interface Materials Market
8.2.1. U.S. Thermal Interface Materials Market
8.2.1.1. Product breakdown estimates & forecasts, 2019-2029
8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Thermal Interface Materials Market
8.3. Europe Thermal Interface Materials Market Snapshot
8.3.1. U.K. Thermal Interface Materials Market
8.3.2. Germany Thermal Interface Materials Market
8.3.3. France Thermal Interface Materials Market
8.3.4. Spain Thermal Interface Materials Market
8.3.5. Italy Thermal Interface Materials Market
8.3.6. Rest of Europe Thermal Interface Materials Market
8.4. Asia-Pacific Thermal Interface Materials Market Snapshot
8.4.1. China Thermal Interface Materials Market
8.4.2. India Thermal Interface Materials Market
8.4.3. Japan Thermal Interface Materials Market
8.4.4. Australia Thermal Interface Materials Market
8.4.5. South Korea Thermal Interface Materials Market
8.4.6. Rest of Asia Pacific Thermal Interface Materials Market
8.5. Latin America Thermal Interface Materials Market Snapshot
8.5.1. Brazil Thermal Interface Materials Market
8.5.2. Mexico Thermal Interface Materials Market
8.6. Rest of The World Thermal Interface Materials Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Honeywell International Inc.
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. 3M Company
9.2.3. Henkel AG & Co. KGaA
9.2.4. Parker Hannifin Corporation
9.2.5. Dow Corning Corporation
9.2.6. Laird Technologies
9.2.7. Momentive Performance Materials
9.2.8. Indium Corporation
9.2.9. Wakefield-Vette
9.2.10. Shin-Etsu
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.
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