Global Automotive Transmission Engineering Services Outsourcing Market, By Transmission Type (Manual Transmission, Automatic Transmission), Powertrain Type (Hybrid Powertrain, Conventional Powertrain), Services (Designing, Prototyping, Testing, System Engineering & Integration, Simulation), Country (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 Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights : Global Automotive Transmission Engineering Services Outsourcing Market
Global automotive transmission engineering services outsourcing market is expected to reach USD 19.02 billion by 2027 and witnessing market growth at a rate of 6.5% in the forecast period of 2020 to 2027. Data Bridge Market Research report on automotive transmission engineering services outsourcing market provides analysis and insights regarding the leading current market analysis scenario, upcoming as well as future opportunities and competitors.
Automotive transmission engineering is a crucial process in the manufacturing of automobiles. Automotive transmission in the vehicle is done to make sure that the power flow from the engine to the wheels for ensuring the movement of vehicle. There are two major types of automotive transmission is used – manual transmission and automatic transmission.
Increased automobile production and demand for hybrid vehicles are driving the growth of the automotive transmission engineering services market. Increasing awareness for environment is driving the government of several countries to direct the automobile manufacturers to produce environment friendly vehicles. Government of various countries are attracting automobile manufacturers by providing subsidies and tax benefits to them on producing the vehicle which are strictly meet the carbon emission norms. This factor is boosting the demand for hybrid vehicles and automotive transmission engineering services outsourcing market. Also, the increased price of fuel is also driving the growth of the hybrid cars. Hence automakers are focusing on R &D to design and develop fuel efficient and eco-friendly vehicles which will fuel the growth of the automotive transmission engineering services outsourcing market.
However, vehicles with hybrid automotive transmission engineering services increase the price of the vehicle which is restraining the growth of this market. Also, the cost for R&D to develop eco-friendly vehicle is very high and hence this type of vehicle are not affordable for the end-users and unavailability of hybrid vehicles in many countries. These are the factors which are hampering the growth of the market.
Due to lack of high demand for hybrid vehicles, automakers are sceptical towards the manufacturing of hybrid vehicles which is a challenge for this market to grow. Developing the proper infrastructure for functioning of hybrid vehicles is also a challenge for the government and automakers.
Government supports to produce eco-friendly hybrid vehicles is encouraging automakers and creating opportunities for automotive transmission engineering services outsourcing market.
This automotive transmission engineering services outsourcing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 Data Bridge Market Research automotive transmission engineering services outsourcing market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Transmission Engineering Services Outsourcing Market Scope and Market Size
Automotive transmission engineering services outsourcing market is segmented on the basis of transmission type, powertrain type, and services. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Global automotive transmission engineering services outsourcing market on the basis of transmission type has been segmented into manual transmission, automatic transmission. Automatic transmission is projected to register fastest growth due to increased demand vehicles with more fuel efficiency smooth shifting of gears and increased disposable income of end-users.
- Based on powertrain type, global automotive transmission engineering services outsourcing market has been segmented into hybrid powertrain, conventional powertrain. Hybrid powertrain services are likely to grow with higher CAGR in the forecast period due to strict carbon emission norms and fuel efficient vehicles.
- Based on services, global automotive transmission engineering services outsourcing market has been segmented into designing, prototyping, testing, system engineering & integration, simulation.
Automotive Transmission Engineering Services Outsourcing Market Country Level Analysis
Automotive transmission engineering services outsourcing Market is analysed and market size, volume information is provided by country, transmission type, powertrain type and services as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific is holding the largest market share and is expected to register a healthy CAGR in the coming years due to the increased demand for fuel efficient vehicles, strict government norms for manufacturing of low carbon emission vehicles and availability of labours on low cost. It is expected that the automotive transmission engineering services outsourcing market in North America and Europe will be stable over the forecast period.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Automotive Transmission Engineering Services Outsourcing Market Share Analysis
Automotive transmission engineering services outsourcing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive transmission engineering services outsourcing market.
The major players covered in the global automotive transmission engineering services outsourcing market report are FEV Group GmbH, AVL, IAV, Ricardo, Intertek Group plc, Dr. Ing. h.c. F. Porsche AG., Magna International Inc., Horiba, Marelli Holdings Co., Ltd., Bertrandt AG, ALTEN Group, Altran, Tata Consultancy Services Limited., AISIN SEIKI Co., Ltd., ZF Friedrichshafen AG, Schaeffler Engineering GmbH, Continental AG, Eaton, Smart Manufacturing Technology Ltd. and others among some global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Automotive Transmission Engineering Services Outsourcing Market
Data Bridge Market Research is a leader in consulting and 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 customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed 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 (Factbook) or can assist you in creating presentations from the data sets available in the report.