Europe EV Powertrain Testing Services Market 2030

2016 –2030 EUROPE EV POWERTRAIN TESTING SERVICES MARKET FORECAST AND OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

Table of Contents S. No. Contents 1. Service Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customer 4.1. Aided and Unaided Brand Recall 4.2. Brand Satisfaction Level 4.3. Factors Considered While Selecting Testing Service Center 4.4. Challenges/Unmet Needs 5. Europe EV Powertrain Testing Services Market Outlook, 2016-2030 5.1. Market Size & Forecast 5.1.1. By Value 5.2. Market Share & Forecast 5.2.1. By Vehicle Type (Light Duty, Medium Duty, Heavy Duty) 5.2.2. By Propulsion (BEV, HEV, PHEV & FCEV) 5.2.3. By Sourcing (Outsourcing, In-house) 5.2.4. By Country 5.2.5. By Company (2020) 5.3. Product Market Map 6. Germany EV Powertrain Testing Services Market Outlook, 2016-2030 6.1. Market Size & Forecast 2 Automotive © TechSci Research 2

Table of Contents Table of Contents S. No. Contents 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Vehicle Type 6.2.2 By Propulsion 6.2.3. By Sourcing 7. Spain EV Powertrain Testing Services Market Outlook, 2016-2030 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Vehicle Type 7.2.2. By Propulsion 7.2.3. By Sourcing 8. France EV Powertrain Testing Services Market Outlook, 2016-2030 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Vehicle Type 8.2.2. By Propulsion 8.2.3. By Sourcing 3 Automotive © TechSci Research 3

Table of Contents Table of Contents S. No. Contents 9. United Kingdom EV Powertrain Testing Services Market Outlook, 2016-2030 9.1. Market Size & Forecast 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1. By Vehicle Type 9.2.2 By Propulsion 9.2.3. By Sourcing 10. Italy EV Powertrain Testing Services Market Outlook, 2016-2030 10.1. Market Size & Forecast 10.1.1. By Value 10.2. Market Share & Forecast 10.2.1. By Vehicle Type 10.2.2. By Propulsion 10.2.3. By Sourcing 11. Russia EV Powertrain Testing Services Market Outlook, 2016-2030 11.1. Market Size & Forecast 11.1.1. By Value 11.2. Market Share & Forecast 11.2.1. By Vehicle Type 11.2.2. By Propulsion 11.2.3. By Sourcing 4 Automotive © TechSci Research 4

Table of Contents Table of Contents S. No. Contents 12. Slovakia EV Powertrain Testing Services Market Outlook, 2016-2030 12.1. Market Size & Forecast 12.1.1. By Value 12.2. Market Share & Forecast 12.2.1. By Vehicle Type 12.2.2 By Propulsion 12.2.3. By Sourcing 13. Sweden EVPowertrain Testing Services Market Outlook, 2016-2030 13.1. Market Size & Forecast 13.1.1. By Value 13.2. Market Share & Forecast 13.2.1. By Vehicle Type 13.2.2. By Propulsion 13.2.3. By Sourcing 14. Belgium EV Powertrain Testing Services Market Outlook, 2016-2030 14.1. Market Size & Forecast 14.1.1. By Value 14.2. Market Share & Forecast 14.2.1. By Vehicle Type 14.2.2. By Propulsion 14.2.3. By Sourcing 5 Automotive © TechSci Research 5

Table of Contents Table of Contents S. No. Contents 15. Czech Republic EV Powertrain Testing Services Market Outlook, 2016-2030 15.1. Market Size & Forecast 15.1.1. By Value 15.2. Market Share & Forecast 15.2.1. By Vehicle Type 15.2.2 By Propulsion 15.2.3. By Sourcing 16. Poland EV Powertrain Testing Services Market Outlook, 2016-2030 16.1. Market Size & Forecast 16.1.1. By Value 16.2. Market Share & Forecast 16.2.1. By Vehicle Type 16.2.2 By Propulsion 16.2.3. By Sourcing 17. Netherlands EV Powertrain Testing Services Market Outlook, 2016-2030 17.1. Market Size & Forecast 17.1.1. By Value 17.2. Market Share & Forecast 17.2.1. By Vehicle Type 17.2.2 By Propulsion 17.2.3. By Sourcing 6 Automotive © TechSci Research 6

Table of Contents Table of Contents S. No. Contents 18. Market Dynamics 18.1. Drivers 18.2. Challenges 19. Market Trends and Developments 20. EVPowertrain – Testing Types And Standards 21. EVPowertrain Testing Prices By Components 22. Competitive Landscape 22.1. Comparative Analysis 22.2. Applus+ IDIADA 22.3. Ricardo Plc 22.4. TÜV SÜD 22.5. AVL List GmbH 22.6. CTAG Automotive Technology Centre of Galicia 22.7. Intertek Group Plc 22.8. ATESTEO GmbH & Co. KGHORIBA MIRA Ltd 22.9. HORIBA MIRA Ltd. 22.10.Element Materials Technology 22.11.FEV Group GmbH 23. Strategic Recommendation 25. About Us & Disclaimer 7 Automotive © TechSci Research 7

SERVICE OVERVIEW

Scope of Report Service Overview (POI): EV Powertrain Testing Services Electric powertrain provides power to the electric vehicle. It includes the set of components that generate the power required to move the vehicle and deliver it to the wheels. Major components of EV powertrain include battery pack, DC-AC converter, electric motor, and on- board charger among others. All services used to test EV powertrain are referred as EV powertrain testing services. Europe EV Powertrain Testing Services Market BY VEHICLE TYPE BY COUNTRY Year Range • Light Duty • Germany • Medium Duty • France • United Kingdom Review Period • Heavy Duty • Italy • Spain 2016 – 2019 • Russia • Poland BY PROPULSION • Netherlands Base Year • BEV • Belgium • HEV • Sweden 2020 • PHEV • Czech Republic • FCEV • Slovakia Estimated Year BY SOURCING 2021 • Outsourcing • Inhouse Forecast Period 2022 – 2030 9 Automotive © TechSci Research 9

RESEARCH METHODOLOGY

Research Methodology Market Formulating Developing List Data Data Data Profiling Questionnaire of Respondents Collection Validation Analysis In-depth secondary In order to conduct List of industry TechSci conducted Data obtained as a The data was scrutinized research was conducted to industry experts’ players and industry interviews with result of primary using MS-Excel, statistical determine top players in interviews, TechSci specialists was industry experts and and secondary tools and internal Europe EV Powertrain formulated a detailed developed. industry players for research was proprietary database to Testing Services Market, discussion guide. data collection and validated through obtain qualitative and overall market size and verification. rigorous quantitative insights about segmental market size. triangulation. Europe EV Powertrain Testing Services Market. Primary Research Desk Research Company Analysis ✓ Identifying Key Opinion ✓ Recent Developments ✓ Market Participants Data Data Filter Research & Actionable Business ✓ Market Changing ✓ Key Strengths Collection & Analysis Intelligence Insights Solution Leaders Aspects/Dynamics ✓ Questionnaire Design ✓ Government Policies ✓ In-depth Interviews ✓ Conclusion Primary Research Secondary Paid Sources Research ✓ LinkedIn ✓ Company Websites ✓ Factiva ✓ TechSci Internal ✓ Company Annual ✓ Hoovers Database Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body ✓ Associations, etc. 11 Automotive © TechSci Research 11

Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of Europe EV Powertrain Testing Services Market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as growing demand of electric vehicles. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the Europe EV Powertrain Testing Services Market. Methodology Followed for Calculation of Market Size: • Market Size by Value : Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as used electric vehicle dealers, & end users, industry experts, and other industry participants. • The team interviewed more than 10 Europe EV powertrain testing services market players, 100 end users, 15 industry experts and other value chain stakeholders in the Europe EV Powertrain Testing Services Market to obtain the overall market size between 2016 and 2020, which was validated by Delphi technique. Taking standard deviation into consideration, the market size data was averaged out for the period between 2016-2020. • Respondents were asked about the current and future market growth rates, market shares by vehicle type, by propulsion, by sourcing, by company and by country. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from the response received from other stakeholders. 12 Automotive © TechSci Research 12

Research Methodology Methodology Followed for Calculation of Market Shares: Market shares by vehicle type, by propulsion, by sourcing, by company and by country were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various Europe EV powertrain testing services market players. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software. • Data triangulation techniques were applied to fill the gaps and present a more meaningful picture of the market. To forecast Europe EV Powertrain Testing Services Market, TechSci Research used various forecast techniques such as: ✓ Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis 13 Automotive © TechSci Research 13

Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed Key Secondary Sources ▪ Applus+ IDIADA ▪ World Bank ▪ AVL List GmbH ▪ TechSci Research Proprietary Database & Knowledge ▪ Ricardo Plc Repository ▪ TÜV SÜD ▪ Company Annual Reports ▪ Intertek Group Plc ▪ Industry Magazines ▪ ATESTEO GmbH & Co. KG ▪ Industry Reports ▪ HORIBA MIRA Ltd ▪ News Dailies ▪ Element Materials Technology ▪ Credible Paid Databases ▪ CTAG ▪ FEV Group GmbH 14 Automotive © TechSci Research 14

Industry Brief Increasing sales of electric vehicle to drive the demand for the Europe EV Powertrain Testing Services market for the forecast period. According to TechSci Research report, “Europe EV Powertrain Testing Services Market By Country, Competition, Forecast & Opportunities, 2016- 2030”, the Europe EV powertrain testing services market stood at USD5605.88 million in 2020, and it is expected to grow at a double-digit CAGR of 22.02% to reach USD37904.30 million by 2030. Initiatives taken in the form of subsidies on the purchase of electric vehicles to promote its adoption and norms for reducing greenhouse emissions are driving the sales of electric vehicles in the region. Surging sales of electric vehicles are contributing to the increasing demand for the powertrain testing services market through 2030. European Union laws set an emission target of 10g/km by mid-century, representing the Paris agreement goal of a maximum increase of two degrees Celsius of global earth temperature. In order to comply with the regulations, private and public transportation is witnessing increased automotive scrappage. Also, 26 out of 27 EU members have some form of incentives for EV manufacturers. For instance, countries like France and Germany have madeelectric cars production an important criterion for their industry stimulus programs in their efforts to promote EV adoption. All these developments have led to the rising demand for the EV powertrain testing services market in Europe. Europe EV Powertrain Testing Services market is segmented into vehicle type, propulsion, sourcing, country, and company. On the basis of vehicle type, the market can be segmented into light duty, medium duty, and heavy duty. There has been an increasing demand for light duty vehicles in the EU region, where the industrial sector is expanding gradually, and the need to transport raw materials and finished products efficiently and cost effectively is increasing. The running cost incurred on transporting raw materials and finished products in small pickup trucks or vans that run on battery power is lower than gasoline vehicles. The high number of electric light duty vehicles is contributing to the increased share of the EV powertrain testing services market. Leading players operating in Europe EV powertrain testing services market include Applus+ IDIADA, Ricardo Plc, TÜV SÜD, AVL List GmbH, CTAG Automotive Technology Centre of Galicia, Intertek Group Plc, ATESTEO GmbH & Co. KG, HORIBA MIRA Ltd, Element Materials Technology, FEV GroupGmbH. EVpowertrain testing services market is fragmented, and manufacturers are focusing on research and development processes to fuel higher growth in the market. For instance, TÜV SÜD is the leading player in the Europe EV Powertrain Testing Services Market, accounting for market share of 9.85% in 2020 in terms of total electric vehicles tested. The company has a robust portfolio of testing services for EVs. The company recently invested over USD30million to open the largest independent center for mobility and powertrains testing at Heimsheim in Germany. The company also has a strong testing center network ranging across various countries in Europe, which further allows it to enjoy a competitive edge over other companies. “Most of the leading global electric car manufacturing companies have their sales operations or headquarters in Germany. To meet the climate targets, the Germany government is offering incentives to purchase electric vehicles and plans to abolish tax on pure electric vehicles by 2030. Previously, the EVsmarket in Germany offered a limited range of electric cars. However, in recent years, new product offering and diversification of companies in EVs have increased sharply, attracting the attention of more domestic customers towards electric cars. Increasing sales of electric vehicles in the country, in turn is driving the electric vehicle powertrain testing services market and contributing to the dominant share of the country in the region.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 15 Automotive © TechSci Research 15

Sample Data -Snapshot Europe EV Powertrain Testing Services Market Size, By Value (USD Million), 2016-2030F CAGR 2016-2020 CAGR 2021E-2030F By Value: xx% By Value: xx% 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F Value (USD Million) Germany EV Powertrain Testing Services Market Share, By Vehicle Type, By Value, 2016-2030F 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F Light Duty 20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00% Medium Duty 30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00% Heavy Duty 50.00%50.00%50.00%50.00%50.00%50.00%50.00%50.00%50.00%50.00%50.00%50.00%50.00%50.00%50.00% Russia EV Powertrain Testing Services Market Share, By Propulsion, By Value, 2016-2030F 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F BEV 10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00% HEV 20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00% PHEV 30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00%30.00% FCEV 40.00%40.00%40.00%40.00%40.00%40.00%40.00%40.00%40.00%40.00%40.00%40.00%40.00%40.00%40.00% 16 Automotive © TechSci Research 16

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