Automotive benchmarking
Data-driven benchmarking insights that help you accelerate development, optimise design, reduce cost and define what comes next.
Turning insight into competitive advantage
As the automotive industry evolves across electrified powertrains, transmissions and internal combustion engines, it is becoming more imperative for OEMs to stay ahead. Ricardo’s benchmarking service helps customers to accelerate growth and gain strategic advantage.
Delivering detailed technical and commercial comparisons of products and systems, we give customers insights on competitive features, technologies and costs. We analyse trade-offs between a features, functionality, size, weight and cost to identify optimisation opportunities.
This enables customers to set realistic targets and develop stronger product strategies across the lifecycle –from early portfolio planning to development and field performance.
Our approach
Our approach to benchmarking combines real-world analysis with rigorous validation:
• Acquisition of competitive components, disassembly, imaging, examination, and testing
• Analysis of competitive components, features, technologies, manufacturing methods and costs
• Rigorous validation process using both logical and statistical tests
• Product teardown and expert technical assessment of a product’s design execution
• Top-down and bottom-up cost modelling to increase understanding of a product’s cost structure
• Clear comparisons between like-for-like components to highlight key attributes for competitiveness
How we can help you
Competitive benchmarking and optimisation
Analysis of cost, performance and trade-offs to identify opportunities for improvement.
Deep technical insight
In-house experts in all areas of transport technology who have up-to-date knowledge of the latest developments.
Cost and market modelling
Statistical cost modelling to generate market price estimates based on feature, manufacturing location, production volumes, and commodity cost.
Manufacturing and process simulation
Creating virtual production processes to determine variable costs and investment using advanced manufacturing process simulation tools.
Component analysis
Identifying leading component designs, features, technologies and estimated costs.
Identify innovation opportunities
Identifying potential new materials and manufacturing techniques as well as performance improvement and part consolidation.
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