Automotive Engineering Services Market Size, Share, Trends, Growth 2032
Automotive Engineering Services Market By Vehicle Type (Passenger Vehicle and Commercial Vehicle), By Application (Retail, Electronics, BFSI, Food & Beverages, Logistics, and Fashion), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032-
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 22.87 Billion | USD 43.67 Billion | 6.7% | 2023 |
Table Of Content
- Chapter 1. Preface
- 1.1. Report Description and Scope
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
- Chapter 2. Executive Summary
- 2.1. Automotive Engineering Services Market, 2016–2026 (USD Billion)
- 2.2. Automotive Engineering Services Market: Snapshot
- Chapter 3. Global Automotive Engineering Services Market– Industry Analysis
- 3.1. Automotive Engineering Services Market: Market Dynamics
- 3.2. Market Drivers
- 3.2.1. Rise in the popularity of electric as well as hybrid cars has resulted in massive production of these cars, thereby driving market trends.
- 3.2.2. With launching of autonomous vehicles and introduction of 5G technulogy in automotive sector, automotive engineering services market is set to witness a steep growth over the coming years.
- 3.3. Porter’s Five Forces Analysis
- 3.4. Market Attractiveness Analysis
- 3.4.1. Market attractiveness analysis By Application
- 3.4.2. Market attractiveness analysis By Vehicle Type
- Chapter 4. Global Automotive Engineering Services Market– Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global Automotive Engineering Services Market: company market share, 2018
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New Service launches
- 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4. Research and development and Regional expansion
- 4.3. Price trend analysis
- 4.1. Company market share analysis
- Chapter 5. Global Automotive Engineering Services Market– Application Analysis
- 5.1. Global Automotive Engineering Services Market overview: By Application
- 5.1.1. Global Automotive Engineering Services Market share, By Application , 2019 and 2026
- 5.2. Retail
- 5.2.1. Global Automotive Engineering Services Market By Retail, 2016–2026 (USD Billion)
- 5.3. Electronics
- 5.3.1. Global Automotive Engineering Services Market By Electronics, 2016–2026 (USD Billion)
- 5.4. BFSI
- 5.4.1. Global Automotive Engineering Services Market By BFSI, 2016–2026 (USD Billion)
- 5.5. Food & Beverages
- 5.5.1. Global Automotive Engineering Services Market By Food & Beverages, 2016–2026 (USD Billion)
- 5.6. Logistics
- 5.6.1. Global Automotive Engineering Services Market By Logistics, 2016–2026 (USD Billion)
- 5.7. Fashion
- 5.7.1. Global Automotive Engineering Services Market By Fashion, 2016–2026 (USD Billion)
- 5.1. Global Automotive Engineering Services Market overview: By Application
- Chapter 6. Global Automotive Engineering Services Market– Vehicle Type Analysis
- 6.1. Global Automotive Engineering Services Market overview: By Vehicle Type
- 6.1.1. Global Automotive Engineering Services Market share, By Vehicle Type, 2019 and 2026
- 6.2. Passenger Vehicle
- 6.2.1. Global Automotive Engineering Services Market By Passenger Vehicle , 2016–2026 (USD Billion)
- 6.3. Commercial Vehicle
- 6.3.1. Global Automotive Engineering Services Market By Commercial Vehicle, 2016–2026 (USD Billion)
- 6.1. Global Automotive Engineering Services Market overview: By Vehicle Type
- Chapter 7. Company Profiles
- 7.1. Akka Technulogies
- 7.1.1. Overview
- 7.1.2. Financials
- 7.1.3. Service Portfolio
- 7.1.4. Business Strategy
- 7.1.5. Recent Developments
- 7.2. Harman
- 7.2.1. Overview
- 7.2.2. Financials
- 7.2.3. Service Portfolio
- 7.2.4. Business Strategy
- 7.2.5. Recent Developments
- 7.3. IAV Automotive Engineering
- 7.3.1. Overview
- 7.3.2. Financials
- 7.3.3. Service Portfolio
- 7.3.4. Business Strategy
- 7.3.5. Recent Developments
- 7.4. Capgemini
- 7.4.1. Overview
- 7.4.2. Financials
- 7.4.3. Service Portfolio
- 7.4.4. Business Strategy
- 7.4.5. Recent Developments
- 7.5. Altran
- 7.5.1. Overview
- 7.5.2. Financials
- 7.5.3. Service Portfolio
- 7.5.4. Business Strategy
- 7.5.5. Recent Development
- 7.6. Bertrandt
- 7.6.1. Overview
- 7.6.2. Financials
- 7.6.3. Service Portfolio
- 7.6.4. Business Strategy
- 7.6.5. Recent Development
- 7.7. Alten Cresttek
- 7.7.1. Overview
- 7.7.2. Financials
- 7.7.3. Service Portfolio
- 7.7.4. Business Strategy
- 7.7.5. Recent Development
- 7.8. L&T Technology Services
- 7.8.1. Overview
- 7.8.2. Financials
- 7.8.3. Service Portfolio
- 7.8.4. Business Strategy
- 7.8.5. Recent Development
- 7.9. FEV
- 7.9.1. Overview
- 7.9.2. Financials
- 7.9.3. Service Portfolio
- 7.9.4. Business Strategy
- 7.9.5. Recent Development
- 7.10. HCL Technulogies
- 7.10.1. Overview
- 7.10.2. Financials
- 7.10.3. Service Portfolio
- 7.10.4. Business Strategy
- 7.10.5. Recent Development
- 7.11. Ricardo
- 7.11.1. Overview
- 7.11.2. Financials
- 7.11.3. Service Portfolio
- 7.11.4. Business Strategy
- 7.11.5. Recent Development
- 7.12. AVL
- 7.12.1. Overview
- 7.12.2. Financials
- 7.12.3. Service Portfolio
- 7.12.4. Business Strategy
- 7.12.5. Recent Development
- 7.1. Akka Technulogies
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global Automotive Engineering Services Market, 2016–2026 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global Automotive Engineering Services Market attractiveness, By Application
6. Global Automotive Engineering Services Market attractiveness, By Vehicle Type
7. Global Automotive Engineering Services Market Share by Application ,2019 and 2026 (USD Billion)
8. Global Automotive Engineering Services Market by Retail ,2016–2026 (USD Billion)
9. Global Automotive Engineering Services Market by Electronics,2016–2026 (USD Billion)
10. Global Automotive Engineering Services Market by BFSI,2016–2026 (USD Billion)
11. Global Automotive Engineering Services Market by Food & Beverages,2016–2026 (USD Billion)
12. Global Automotive Engineering Services Market by Logistics,2016–2026 (USD Billion)
13. Global Automotive Engineering Services Market by Fashion,2016–2026 (USD Billion)
14. Global Automotive Engineering Services Market Share by Vehicle Type ,2019 and 2026 (USD Billion)
15. Global Automotive Engineering Services Market by Passenger Vehicle , and,2016–2026 (USD Billion)
16. Global Automotive Engineering Services Market by Commercial Vehicle,2016–2026 (USD Billion)
17. Global Automotive Engineering Services Market share, by Region, 2019 and 2026
18. North America Automotive Engineering Services Market, 2016–2026 (USD Billion)
19. Europe Automotive Engineering Services Market, 2016–2026 (USD Billion)
20. Asia Pacific Automotive Engineering Services Market, 2016–2026 (USD Billion)
21. Latin America Automotive Engineering Services Market, 2016–2026 (USD Billion)
22. The Middle East and Africa Automotive Engineering Services Market, 2016–2026 (USD Billion)
Table Of Tables
List of Tables
1. Global Automotive Engineering Services Market: snapshot
2. Drivers of the Automotive Engineering Services Market: impact analysis
3. North America Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
4. North America Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
5. The U.S. Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
6. The U.S. Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
7. Rest of North America Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
8. Rest of North America Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
9. Europe Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
10. Europe Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
11. UK Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
12. UK Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
13. France Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
14. France Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
15. Germany Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
16. Germany Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
17. Rest of Europe Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
18. Rest of Europe Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
19. Asia Pacific Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
20. Asia Pacific Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
21. China Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
22. China Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
23. Japan Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
24. Japan Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
25. India Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
26. India Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
27. Rest of Asia Pacific Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
28. Rest of Asia Pacific Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
29. Latin America Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
30. Latin America Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
31. Brazil Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
32. Brazil Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
33. Rest of Latin America Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
34. Rest of Latin America Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
35. The Middle East and Africa Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
36. The Middle East and Africa Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
37. Saudi Arabia Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
38. Saudi Arabia Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
39. South Africa Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
40. South Africa Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
41. Rest of the Middle East & Africa Automotive Engineering Services Market revenue, By Application, 2016–2026 (USD Billion)
42. Rest of the Middle East & Africa Automotive Engineering Services Market revenue, By Vehicle Type, 2016–2026 (USD Billion)
Methodology
FrequentlyAsked Questions
With launching of autonomous vehicles and introduction of 5G technology in automotive sector, automotive engineering services market is set to witness a steep growth over the coming years. Escalating requirement for vehicular & passenger safety along with demand for lightweight vehicles will steer the market trends. Large-scale demand for ADAS & automotive connected equipment and embedding of new features such as sunroofs & parking assist systems in cars has created new growth avenues for automotive engineering services industry over forecast period. Additionally, humungous need for connectivity and prevention of road accidents will steer the expansion of automotive engineering services industry over the forecast timeline.
Zion Market Research has published a report on the global Automotive Engineering Services Market, estimating its value at USD 22.87 Billion in 2023, with projections indicating that it will reach USD 43.67 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 6.7% over the forecast period 2024-2032.
Europe is likely to make noteworthy contributions towards overall market revenue during 2020-2026. The growth of the industry in the sub-continent over the estimated timespan is attributed to large-scale production of light weight & low fuel emitting vehicles in the countries such as the UK, Italy, Germany, and Switzerland. Additionally, presence of reputed car manufacturers in the region will further contribute towards the regional market size. Apart from this, a large number of automotive firms are focusing on launching of new hybrid and electric cars as well as autonomous cares and this is projected to translate into massive need for automotive engineering services in the region. Presence of original equipment manufacturers like AB Volvo and VDL Groep in Europe will prop up the market landscape in the foreseeable future.
The key players profiled in the report include are Akka Technologies, Harman, IAV Automotive Engineering, Capgemini, AVL, Altran, Bertrandt, Alten Cresttek, L&T Technology Services, FEV, HCL Technologies, and Ricardo.
Influencing segments growing in the Automotive Engineering Services Market are By Vehicle Type (Passenger Vehicle And Commercial Vehicle), By Application (Retail, Electronics, BFSI, Food & Beverages, Logistics, And Fashion), And By Region
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