The automotive engineering services was valued at USD 168.4 billion in 2018 and is expected to reach USD 460.5 billion by year 2026, at a CAGR of 13.4% CAGR during the forecast period (from 2018 – 2026). The major drivers responsible for the growth of the automotive engineering services include a rise in the spending of the automotive R&D, the increased outsourcing activities by automotive OEMs, and growing ER&D investment by software and telecom companies in connected and autonomous verticals. Vehicle electrification, smart mobility, and Internet of Things (IoT) are the key technology-driven trends in the global automotive industry and is positively impacting the automotive engineering services. Further, automotive engineering service providers are increasingly being analysed as critical partners, who can help accelerate the product development cycles and reduce costs and time in this fast-changing automotive landscape.
Automotive companies around the globe are witnessing the need to grow their engineering capabilities, to keep pace with rising customer demand for new products and technology. While such demands are usually beneficial for business, but it poses bigger challenges.
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The continuous pressure to quickly design, prototype, manufacture, and launch new products in the, in response to always declining product lifecycles and higher demand, is placing a strain on the in-house engineering workforces and operating processes of auto OEMs.
Automotive OEMs significantly contribute to the key share of the total engineering services outsourcing to the automotive engineering service providers. The key global engineering outsourcers, like BMW, Volkswagen, Renault, Daimler, and Ford, among the others, have an aggregated automotive engineering services spending of ~$8 billion, per year. Hence, auto OEMs’ existing engineering capabilities coupled with outsourced services, to meet current product development needs, OEMs are decreasing operating costs and bet on their higher sustained growth. Further, growing intense competition in the automobile industry and auto OEMs increasing focus on concentrating on their key capabilities boosting the global automotive engineering services.
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Objective of Studies:
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global market.
• To provide insights about factors affecting the market growth. To analyze the market based on various factors- price analysis, supply chain analysis, Porte five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World.
• To provide country level analysis of the market with respect to the current market size and future prospective.
For the purpose of this study, Reports and Data have segmented the industry by Service Type, by Nature, by Application, by Location and by Region:
Automotive Engineering Services by Service Type (Revenue, USD Million; 2016–2026)
Automotive Engineering Services by Nature (Revenue, USD Million; 2016–2026)
Automotive Engineering Services by Application (Revenue, USD Million; 2016–2026)
Automotive Engineering Services by Location (Revenue, USD Million; 2016–2026)
Automotive Engineering Services by Region (Revenue, USD Million; 2016–2026)
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Further key findings from the report suggest-
Table of Content:
Chapter 1. Automotive Engineering Services Segmentation & Impact Analysis
1.1. Automotive Engineering Services Segmentation Analysis
1.2. Automotive Engineering Services Value Chain Analysis, 2016-2026
1.3. Regulatory Framework
1.4. Automotive Engineering Services Impact Analysis
1.4.1. Driver Analysis
188.8.131.52. Increasing Demand for Advanced Connectivity Solutions
184.108.40.206. Growing Adoption of EVs and Shared Mobility
1.4.2. Restraint Analysis
220.127.116.11. Intellectual Property (IP) Constraint
1.5. Key Opportunities Prioritized
1.6. Automotive Engineering Services Pricing Analysis
1.7. Industry Analysis – Porter’s
1.8. Automotive Engineering Services PESTEL Analysis
Chapter 2. Automotive Engineering Services By Service Type Insights & Trends
2.1. Automotive Engineering Services: Service Type Dynamics & Share, 2018 & 2026
2.2. Concept Research
2.2.1. Estimates And Forecast, 2016 – 2026 (USD Million)
2.2.2. Estimates And Forecast, By Region, 2016 – 2026 (USD Million)
2.3.1. Estimates And Forecast, 2016 – 2026 (USD Million)
2.3.2. Estimates And Forecast, By Region, 2016 – 2026 (USD Million)
2.4. Manufacturing Support
2.4.1. Estimates And Forecast, 2016 – 2026 (USD Million)
2.4.2. Estimates And Forecast, By Region, 2016 – 2026 (USD Million)
2.5.1. Estimates And Forecast, 2016 – 2026 (USD Million)
2.5.2. Estimates And Forecast, By Region, 2016 – 2026 (USD Million)
2.6.1. Estimates And Forecast, 2016 – 2026 (USD Million)
2.6.2. Estimates And Forecast, By Region, 2016 – 2026 (USD Million)
2.7.1. Estimates And Forecast, 2016 – 2026 (USD Million)
2.7.2. Estimates And Forecast, By Region, 2016 – 2026 (USD Million)…
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