Automotive Engineering Services Market – By Vehicle Type (Passenger Vehicle and Commercial Vehicle), By Application (Retail, Electronics, BFSI, Food & Beverages, Logistics, and Fashion), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 16-Jun-2021 Category: Technology & Media Report Format : PDF Pages: 140 Report Code: ZMR-6395 Status : Published

The global Automotive Engineering Services market, which was estimated at about 145 (USD Billion) in 2019 and is predicted to accrue earnings worth 355 (USD Billion) by 2026, is set to record a CAGR of nearly over 8.5% during 2020-2026.

Description

The global Automotive Engineering Services market, which was estimated at about 145 (USD Billion) in 2019 and is predicted to accrue earnings worth 355 (USD Billion) by 2026, is set to record a CAGR of nearly over 8.5% during 2020-2026. The report offers valuation and analysis of Automotive Engineering Services market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Report Scope :

Automotive Engineering Services Market: Outlook

Automotive engineering services include spectrum of service offerings like software, safety engineering, mechanical, and electrical & electronics services. They focus on improving production processes along with enhancing operational efficiency of automotive firms. Many of the service providers offer effective telematics & connectivity, powertrain, infotainment, ADAS, body engineering, and body & chassis electronics services to its end-users.

Automotive Engineering Services Market: Growth Prospects

With launching of autonomous vehicles and introduction of 5G technology in automotive sector, automotive engineering services market is set to witness a steep growth over the coming years. Escalating requirement for vehicular & passenger safety along with demand for lightweight vehicles will steer the market trends. Large-scale demand for ADAS & automotive connected equipment and embedding of new features such as sunroofs & parking assist systems in cars has created new growth avenues for automotive engineering services industry over forecast period. Additionally, humungous need for connectivity and prevention of road accidents will steer the expansion of automotive engineering services industry over the forecast timeline.

Furthermore, rise in the popularity of electric as well as hybrid cars has resulted in massive production of these cars, thereby driving market trends. Need for driver & pedestrian safety has resulted in huge focus on automotive engineering services. Apart from this, need for vehicle positioning and launching of AI & IoT has brought a drastic transformation in  the automotive domain, thereby driving the growth of automotive engineering services market.

Regional Landscape

European Market To Retain Dominance Over 2020-2026

The expansion of automotive engineering services industry in Europe over forecast timeline can be credited to large-scale production of light weight & low fuel emitting vehicles in the countries such as the UK, Italy, Germany, and Switzerland. Additionally, presence of reputed car manufacturers in the region will further contribute towards the regional market size. Apart from this, a large number of automotive firms are focusing on launching of new hybrid and electric cars as well as autonomous cares and this is projected to translate into massive need for automotive engineering services in the region. Presence of original equipment manufacturers like AB Volvo and VDL Groep in Europe will prop up the market landscape in the foreseeable future.

Competitive Landscape

Key players profiled in the study are Akka Technologies, Harman, IAV Automotive Engineering, Capgemini, AVL, Altran, Bertrandt, Alten Cresttek, L&T Technology Services, FEV, HCL Technologies, and Ricardo.

The global Automotive Engineering Services Market is segmented as follows:

By Application:

  • Retail
  • Electronics
  • BFSI
  • Food & Beverages
  •  Logistics
  •  Fashion

By Vehicle Type:

  • Passenger Vehicle
  • Commercial Vehicle

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Automotive Engineering Services Market, 2016–2026 (USD Billion)
    • 2.2. Automotive Engineering Services Market: Snapshot
  • Chapter 3. Global Automotive Engineering Services Market– Industry Analysis
    • 3.1. Automotive Engineering Services Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Rise in the popularity of electric as well as hybrid cars has resulted in massive production of these cars, thereby driving market trends.
      • 3.2.2. With launching of autonomous vehicles and introduction of 5G technulogy in automotive sector, automotive engineering services market is set to witness a steep growth over the coming years.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Application
      • 3.4.2. Market attractiveness analysis By Vehicle Type
  • Chapter 4. Global Automotive Engineering Services Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Automotive Engineering Services Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Service launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Automotive Engineering Services Market– Application Analysis
    • 5.1. Global Automotive Engineering Services Market overview: By Application
      • 5.1.1. Global Automotive Engineering Services Market share, By Application , 2019 and 2026
    • 5.2. Retail
      • 5.2.1. Global Automotive Engineering Services Market By Retail, 2016–2026 (USD Billion)
    • 5.3. Electronics
      • 5.3.1. Global Automotive Engineering Services Market By Electronics, 2016–2026 (USD Billion)
    • 5.4. BFSI
      • 5.4.1. Global Automotive Engineering Services Market By BFSI, 2016–2026 (USD Billion)
    • 5.5. Food & Beverages
      • 5.5.1. Global Automotive Engineering Services Market By Food & Beverages, 2016–2026 (USD Billion)
    • 5.6. Logistics
      • 5.6.1. Global Automotive Engineering Services Market By Logistics, 2016–2026 (USD Billion)
    • 5.7. Fashion
      • 5.7.1. Global Automotive Engineering Services Market By Fashion, 2016–2026 (USD Billion)
  • Chapter 6. Global Automotive Engineering Services Market– Vehicle Type Analysis
    • 6.1. Global Automotive Engineering Services Market overview: By Vehicle Type
      • 6.1.1. Global Automotive Engineering Services Market share, By Vehicle Type, 2019 and 2026
    • 6.2. Passenger Vehicle
      • 6.2.1. Global Automotive Engineering Services Market By Passenger Vehicle , 2016–2026 (USD Billion)
    • 6.3. Commercial Vehicle
      • 6.3.1. Global Automotive Engineering Services Market By Commercial Vehicle, 2016–2026 (USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. Akka Technulogies
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Service Portfulio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Harman
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Service Portfulio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. IAV Automotive Engineering
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Service Portfulio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. Capgemini
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Service Portfulio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. Altran
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Service Portfulio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Bertrandt
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Service Portfulio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. Alten Cresttek
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Service Portfulio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development
    • 7.8. L&T Technulogy Services
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Service Portfulio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Development
    • 7.9. FEV
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Service Portfulio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Development
    • 7.10. HCL Technulogies
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Service Portfulio
      • 7.10.4. Business Strategy
      • 7.10.5. Recent Development
    • 7.11. Ricardo
      • 7.11.1. Overview
      • 7.11.2. Financials
      • 7.11.3. Service Portfulio
      • 7.11.4. Business Strategy
      • 7.11.5. Recent Development
    • 7.12. AVL
      • 7.12.1. Overview
      • 7.12.2. Financials
      • 7.12.3. Service Portfulio
      • 7.12.4. Business Strategy
      • 7.12.5. Recent Development

Methodology


Frequently Asked Questions

With launching of autonomous vehicles and introduction of 5G technology in automotive sector, automotive engineering services market is set to witness a steep growth over the coming years. Escalating requirement for vehicular & passenger safety along with demand for lightweight vehicles will steer the market trends. Large-scale demand for ADAS & automotive connected equipment and embedding of new features such as sunroofs & parking assist systems in cars has created new growth avenues for automotive engineering services industry over forecast period. Additionally, humungous need for connectivity and prevention of road accidents will steer the expansion of automotive engineering services industry over the forecast timeline.

Furthermore, rise in the popularity of electric as well as hybrid cars has resulted in massive production of these cars, thereby driving market trends. Need for driver & pedestrian safety has resulted in huge focus on automotive engineering services. Apart from this, need for vehicle positioning and launching of AI & IoT has brought a drastic transformation in the automotive domain, thereby driving the growth of automotive engineering services market.

According to Zion Market Research report, the global Automotive Engineering Services market, which was estimated at about 145 (USD Billion) in 2019 and is predicted to accrue earnings worth 355 (USD Billion) by 2026, is set to record a CAGR of nearly over 8.5% during 2020-2026.  

Europe is likely to make noteworthy contributions towards overall market revenue during 2020-2026. The growth of the industry in the sub-continent over the estimated timespan is attributed to large-scale production of light weight & low fuel emitting vehicles in the countries such as the UK, Italy, Germany, and Switzerland. Additionally, presence of reputed car manufacturers in the region will further contribute towards the regional market size. Apart from this, a large number of automotive firms are focusing on launching of new hybrid and electric cars as well as autonomous cares and this is projected to translate into massive need for automotive engineering services in the region. Presence of original equipment manufacturers like AB Volvo and VDL Groep in Europe will prop up the market landscape in the foreseeable future.  

The key players profiled in the report include are Akka Technologies, Harman, IAV Automotive Engineering, Capgemini, AVL, Altran, Bertrandt, Alten Cresttek, L&T Technology Services, FEV, HCL Technologies, and Ricardo.
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