According to the research report titled ‘Global Drivetrain Test Benches Market Size study with COVID-19 impact, by Product Type (Testing (Functional Testing/Durability Testing), Driving (Combustion Engine/Dynamometer)), by Application (OEM, Aftermarket) and Regional Forecasts 2020-2027’ available with Market Study Report, global drivetrain test benches market is anticipated to witness substantial growth during 2020-2027.
 

The report states that increasing testing as well as demand for hybrid and electric vehicles along with rising integration of advanced towing capabilities are key factors driving the growth of global drivetrain test benches market.
 

Citing an instance, according to a study by Edison Electric Institute, the sale of electric vehicles across the globe witnessed a rise of around 58% in 2018 as compared to the previous year. The study also stated that the number of electric vehicles being used on the roads in the U.S. were estimated to be around 8,90,000 in the year 2018.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2730779/
 

For the record, a drivetrain test bench is designed for testing transmissions as a sub-assembly or as a part of the entire vehicle. It is primarily utilized for testing powertrains of hybrid & conventional constructions in components such as internal combustion engines, gearboxes, and clutches. Thus, growing emphasis towards safety & comfort in vehicles are augmenting the growth of worldwide drivetrain test benches market share.
 

The outbreak of the COVID-19 pandemic has drastically affected the sales & production of vehicles, which in turn has led a decline in demand for drivetrain test benches. Besides this, volatile prices of raw materials along with high maintenance as well as initial costs are expected to impede the global drivetrain test benches market growth throughout the analysis timeframe.
 

From a regional frame of reference, the report claims that North America accounts for a significant market share and is projected to register the highest CAGR through 2027. High concentration of market players in Canada and the U.S. have enabled North America to emerge as a major revenue contributor for global drivetrain benches industry.
 

The companies that define the competitive landscape of global drivetrain test benches market are MEA Testing Systems Ltd., Lorenz Messtechnik GmbH, Link Engineering Company, Kurt Manufacturing Company Inc., ITW Balance Engineering, imc Meßsysteme GmbH, Greenlight Innovation Corp., Flow Systems Inc., EFCO Maschinenbau GmbH, and Balance Systems S.r.l among others.