Global Automotive Engineering Services Outsourcing Market 2024-2028
The automotive engineering services outsourcing market is forecasted to grow by USD 67.71 bn during 2023-2028, accelerating at a CAGR of 11.3% during the forecast period. The report on the automotive engineering services outsourcing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by outsourcing engineering services being cost-effective solutions, increased access to a global talent pool, and an increasing need to focus on core competencies.
Technavio's automotive engineering services outsourcing market is segmented as below:
By Location
By Vehicle Type
- Passenger vehicle
- Commercial vehicle
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the implementation of new technologies and systems as one of the prime reasons driving the automotive engineering services outsourcing market growth during the next few years. Also, an increase in M and A activities in the automotive industry and the advent of IoT will lead to sizable demand in the market.
The report on the automotive engineering services outsourcing market covers the following areas:
- Automotive engineering services outsourcing market sizing
- Automotive engineering services outsourcing market forecast
- Automotive engineering services outsourcing market industry analysis
The robust vendor analysis is designed to help clients improve their market position. In line with this, this report provides a detailed analysis of several leading automotive engineering services outsourcing market vendors that include Adecco Group AG, Altair Engineering Inc., Alten SA, AVL List GmbH, Belcan LLC, Bertrandt AG, Capgemini Service SAS, DesignTech Systems, EDAG Group, FEV Group GmbH, HCL Technologies Ltd., HORIBA Ltd., Larsen and Toubro Ltd., Mahindra and Mahindra Ltd., P3 group GmbH, Ricardo Plc, RLE INTERNATIONAL Group, Samsung Electronics Co. Ltd., T NET Japan Co. Ltd., and Volkswagen AG. Also, the automotive engineering services outsourcing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
The publisher presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.