Automotive Engineering Services Market size was valued at US$ 181.80 Bn. in 2023 and the total revenue is expected to grow at 8.9 % of CAGR through 2024 to 2030, reaching nearly US$ 330.20 Bn.

Automotive Engineering Services Market Overview

Over the forecast period, Maximize Market Research expects the Automotive Engineering Services Market growth from USD in 2022 to USD in 2029 at a CAGR of percent. The report analyzed by Maximize Market Research, on the Automotive Engineering Services market, covers an extensive regional analysis and competitive landscape.

Automotive Engineering Services Market Report Scope and Research Methodology

The report is a thorough analysis of the Automotive Engineering Services market provided with key findings including Pricing, investments, expansion plans, and physical presence in the Automotive Engineering Services market. The bottom-up approach was used to understand the Automotive Engineering Services market size estimation and growth rates in the report. The report provides information on the drivers, restraints, opportunities, and challenges of the Automotive Engineering Services market. The financial standing, portfolio, technology adoption, merger and acquisition, joint ventures and strategic alliances are included in the competitive environment for the Automotive Engineering Services market.

The report includes primary and secondary collection techniques with qualitative and quantitative approaches for the analysis of the Automotive Engineering Services market.  The primary collection method includes Surveys, questionnaires and telephonic interviews with market leaders and business owners. The secondary method includes financial reports, annual reports, press releases, white papers, etc. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to understand the competitive intensity of the industry in the Automotive Engineering Services Market.

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Automotive Engineering Services Market Regional Insights

The Regional Analysis in the report helps to understand the Automotive Engineering Services market in various countries. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Automotive Engineering Services market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

Automotive Engineering Services Market Segmentation

by Service Type

Connectivity
Designing
Prototyping
System Integration
Testing
Others

by Vehicle Type

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Others

by location

In-house
Out-source

by Application

ADAS and Safety
Electrical, Electronics, and Body Controls
Chassis
Connectivity Services
Interior, Exterior, and Body Engineering
Powertrain and Exhaust
Simulation
Battery Development & Management
Charger Testing
Motor Control
Others

by Propulsion

ICE
Electric

by Nature Type

Body Leasing
Turnkey

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Automotive Engineering Services Market Key Players

1. Altair Engineering Inc. (US)
2. Pilot Systems International (US)
3. HARMAN International (US)
4. EPAM Systems (US)
5. GlobalLogic (US)
6. Belcan (US)
7. Hunter Engineering Company (US)
8. Alten Group (France)
9. Altran (Capgemini Engineering) (France)
10 ESI Group (France)
11. ASAP Holding Gmbh (Germany)
12. ESG Elektroniksystem- und Logistik-GmbH (Germany)
13. FEV Group GmbH (Germany)
14. Bertrandt AG (Germany)
15. EDAG Group (Germany)
16. ITK Engineering GmbH (Germany)
17. P3 group GmbH (Germany)
18. Robert Bosch GmbH (Germany)
19. IAV (Germany)
20. Continental AG (Germany)
21. L&T Technology Services Limited (India)
22. HCL Technologies Limited (India)
23. Onward Technologies Ltd. (India)
24. Horiba, LTD. (Japan)
25. Ricardo (UK)
26. Akka Technologies (Belgium)
27. Valmet Automotive (Finland)
28. Semcon (Sweden)
29. AVL List GmbH (Austria)

Key questions answered in the Automotive Engineering Services Market are:

  • What is Automotive Engineering Services?
  • What was the Automotive Engineering Services market size in 2023?
  • What is the growth rate of the Automotive Engineering Services Market?
  • Which are the factors expected to drive the Automotive Engineering Services market growth?
  • What are the different segments of the Automotive Engineering Services Market?
  • What growth strategies are the players considering to increase their presence in Automotive Engineering Services?
  • What are the upcoming industry applications and trends for the Automotive Engineering Services Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Engineering Services Market?
  • Who are the leading companies and what are their portfolios in Automotive Engineering Services Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2023)
  • Past Pricing and price curve by region (2018 to 2023)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and enAutomotive Engineering Serviceseering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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