Image

Global Automotive Engineering Services Market – Industry Trends and Forecast to 2031

Automotive

Image

Global Automotive Engineering Services Market – Industry Trends and Forecast to 2031

  • Automotive
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Automotive Engineering Services Market, By Service Type (Concept/Research, Designing, Prototyping, System Integration, Testing), Application (ADAS and Safety, Electrical, Electronics and Body Controls, Chassis, Connectivity Services, Interior, Exterior and Body Engineering, Powertrain and Exhaust, Simulation, Others), Location (In-House, Outsource), Vehicle Type (Passenger Car (PC), Commercial Vehicle (CV) - Industry Trends and Forecast to 2031.

 Automotive Engineering Services Market

Automotive Engineering Services Market Analysis and Size

Automotive engineering services encompass design, development, and testing of vehicles and components. They involve specialized expertise in areas like mechanical, electrical, and software engineering. These services cater to automakers' needs for innovation, compliance, and efficiency, driving advancements in vehicle technology. Automotive engineering services support the entire product lifecycle, from concept to production, enabling the creation of safer, more sustainable, and technologically advanced vehicles.

Global automotive engineering services market was valued at USD 85.03 billion in 2023 and is expected to reach USD 122.07 billion by 2031, registering a CAGR of 11.30% during the forecast period of 2024-2031. “Service type” segments accounts the highest market share owing to the increasing usage of  automotive engineering services among the consumer. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Automotive Engineering Services Market Scope and Segmentation

Report Metric

Details

Forecast Period

2024-2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Service Type (Concept/Research, Designing, Prototyping, System Integration, Testing), Application (ADAS and Safety, Electrical, Electronics and Body Controls, Chassis, Connectivity Services, Interior, Exterior & Body Engineering, Powertrain and Exhaust, Simulation, Others), Location (In-House, Outsource), Vehicle Type (Passenger Car (PC), Commercial Vehicle (CV)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa

Market Players Covered

Akkodis (Belgium), Altair Engineering Inc. (U.S.), Alten Group (France), Cap Gemini Engineering (France), ARRK Product Development Group USA. Inc. (U.S.), ASAP HOLDING GMBH (Germany), AVL List GmbH (Austria), Bertrandt AG (Germany), EDAG Group (Germany), ESG Elektroniksystem- und Logistik-GmbH (Germany), FEV Group GmbH (Germany), Horiba, LTD. (Japan), IAV (Germany), ITK Engineering GmbH (Germany), Kistler Group (Germany), P3 group GmbH (Germany), RLE INTERNATIONAL Group (Germany)

Market Opportunities

  • Urbanization and infrastructure development
  • Growing adoption of advanced manufacturing techniques
  • Growth in automotive applications

Market Definition

Global automotive engineering services market refers to the industry involved in the production, distribution, and utilization of metallic materials specifically tailored for automotive applications. This market encompasses various metals such as steel, aluminum, magnesium, and others, which are utilized in the manufacturing of vehicle components including body structures, engines, chassis, and interiors. Factors driving this market include the increasing demand for lightweight materials to enhance fuel efficiency, stringent regulations on vehicle emissions and safety standards, and the growing trend towards electric vehicles, which require specialized metal components. Key players in this market include major metal producers, automotive manufacturers, and suppliers of metal components. Technological advancements and innovations in metallurgy aimed at improving material strength, durability, and recyclability are also significant aspects shaping the market landscape.

Global Automotive Engineering Services Market Dynamics

Drivers

  • Technological Growing Demand for Electric Vehicles (EVs)

The automotive industry is transitioning towards electric vehicles (EVs) to curb carbon emissions, leading to increased demand for engineering services. These services focus on developing EV platforms, batteries, and charging infrastructure to support the growing market for electric mobility.

  • Advanced Driver Assistance Systems (ADAS) Integration

ADAS technologies, such as adaptive cruise control and collision avoidance systems, require advanced engineering services for design, integration, and testing. These services aim to improve vehicle safety and autonomy by incorporating sophisticated features that enhance driver assistance and mitigate potential risks on the road.

Opportunities

  • Rising Focus on Vehicle Connectivity

With the rise of IoT and connected car technologies, automotive engineering services are in high demand for creating and integrating features like telematics and infotainment systems. In addition, the demand for over-the-air updates highlights the need for seamless connectivity solutions to enhance user experience and vehicle performance.

  • Shift towards Autonomous Vehicles (AVs)

The development of autonomous vehicles necessitates comprehensive engineering services covering sensor fusion, AI algorithms, and robust software and hardware integration. These services are essential for ensuring the safe and reliable operation of autonomous vehicles, addressing challenges related to navigation, perception, and decision-making in varied driving conditions.

Restraints/ Challenges

  • Cost Market Dynamics

The global automotive engineering services market is influenced by factors like technological advancements, stringent regulations, and the growing demand for electric and autonomous vehicles, which drive the need for innovative engineering solutions.

  • Increasing Vehicle Complexity

With the integration of advanced features such as ADAS, connectivity, and electrification, automotive engineering services are in demand to address the complexity arising from the convergence of mechanical, electrical, and software systems.

This market,  report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global cloud security market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Global Automotive Engineering Services Market Scope

The market is segmented on the basis of service type, application, location, and vehicle type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Service Type

  • Concept/Research
  • Designing
  • Prototyping
  • System Integration
  • Testing

Application

  • ADAS and Safety
  • Electrical
  • Electronics and Body Controls
  • Chassis
  • Connectivity Services
  • Interior
  • Exterior and Body Engineering
  • Powertrain and Exhaust
  • Simulation
  • Others

Location

  • In-House
  • Outsource

Vehicle Type

  • Passenger Car (PC)
  • Commercial Vehicle (CV)

Global Automotive Engineering Services Market Region Analysis/Insights

The market is segmented on the basis of service type, application, location, and vehicle type as referenced above.

The countries covered in the global automotive engineering services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in the Asia-Pacific, Saudi Arabia, U.A.E., Israel, Egypt, South Africa, Rest of Middle East and Africa as a part of Middle East and Africa, Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific region consumes the most tire cutting machine & is expected to dominate & fastest growing region in the market, followed by North America and Europe. Increased demand for automobiles in China, Japan, and South Korea is expected to boost demand for tire cords in Asia Pacific during the forecast period. Increased demand for electric vehicles and SUVs in the automotive industry in Asia Pacific developing economies such as China, India, and Indonesia is expected to provide lucrative opportunities for tire and tire cord manufacturers in the region. Because of the presence of well-established automotive suppliers and manufacturers in these regions, the market in North America and Europe is expected to expand at a moderate pace in the near future.

The country section of the global automotive engineering services market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Automotive Engineering Services Market Share Analysis

The global automotive engineering services market is analyzed, and market size information is provided by country, service type, application, location, and vehicle type. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global automotive engineering services market.

Some of the major players operating in the global automotive engineering services market are:

  • Akkodis (Belgium)
  • Altair Engineering Inc. (U.S.)
  • Alten Group (France)
  • Cap Gemini Engineering (France)
  • ARRK Product Development Group USA. Inc. (U.S.)
  • ASAP HOLDING GMBH (Germany)
  • AVL List GmbH (Austria)
  • Bertrandt AG (Germany)
  • EDAG Group (Germany)
  • ESG Elektroniksystem- und Logistik-GmbH (Germany)
  • FEV Group GmbH (Germany), Horiba, LTD. (Japan)
  • IAV (Germany), ITK Engineering GmbH (Germany)
  • Kistler Group (Germany)
  • P3 group GmbH (Germany)
  • RLE INTERNATIONAL Group (Germany)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The automotive engineering services market size will be worth
The growth rate of the automotive engineering services market is
Technological growing demand for electric vehicles (EVs) & advanced driver assistance systems (ADAS) integration are the growth drivers of the automotive engineering services market.
Major companies in the automotive engineering services market are Akkodis (Belgium), Altair Engineering Inc. (U.S.), Alten Group (France), Cap Gemini Engineering (France), ARRK Product Development Group USA. Inc. (U.S.), ASAP HOLDING GMBH (Germany), AVL List GmbH (Austria), Bertrandt AG (Germany), EDAG Group (Germany), ESG Elektroniksystem- und Logistik-GmbH (Germany), FEV Group GmbH (Germany), Horiba, LTD. (Japan), IAV (Germany), ITK Engineering GmbH (Germany), Kistler Group (Germany), P3 group GmbH (Germany), RLE INTERNATIONAL Group (Germany).
Service type, application, location, and vehicle type are the factors on which the automotive engineering services market research is based.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials