Global Automotive Engineering Service Market Growth (Status and Outlook) 2023-2029

Global Automotive Engineering Service Market Growth (Status and Outlook) 2023-2029

Automotive engineering services incorporates servicing and diagnostic of electrical, mechanical, electronics, and software systems of a vehicle. Automotive engineering services provider develop, design, fabricate, & test component of a vehicle or the whole from the concept phase to use phase.

LPI (LP Information)' newest research report, the “Automotive Engineering Service Industry Forecast” looks at past sales and reviews total world Automotive Engineering Service sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Engineering Service sales for 2023 through 2029. With Automotive Engineering Service sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Engineering Service industry.

This Insight Report provides a comprehensive analysis of the global Automotive Engineering Service landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Engineering Service portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Engineering Service market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Engineering Service and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Engineering Service.

The global Automotive Engineering Service market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Automotive Engineering Service is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Automotive Engineering Service is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Automotive Engineering Service is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Automotive Engineering Service players cover FEV Group, IAV, Ricardo, ALTEN Group, Bertrandt, ALTRAN and L&T Technology Services, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Engineering Service market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Outsourced Automotive Engineering Service
In-house Automotive Engineering Service

Segmentation by application
Passenger Car
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
FEV Group
IAV
Ricardo
ALTEN Group
Bertrandt
ALTRAN
L&T Technology Services

Please note: The report will take approximately 2 business days to prepare and deliver.