Automotive Transmission Engineering Services Outsourcing Market Growth, Size, Share, Trends, and Forecast 2032

Automotive Transmission Engineering Services Outsourcing Market

Automotive Transmission Engineering Services Outsourcing Market By Services Type (designing, testing, simulation, prototyping, and system engineering and integration), By Transmission Type (manual transmission and automatic transmission), By Power train (hybrid powertrain and conventional powertrain) And By Region: - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts, 2024-2032

Category: Automotive Report Format : PDF Report Code: ZMR-1294 Status : Upcoming
Market Size in 2023 Market Forecast in 2032 Growth Rate (in %) Base Year
USD 14.89 Billion USD 23.01 Billion CAGR at 4.95% 2023

Automotive Transmission Engineering Ser Market

Description

According to the report published by Zion Market Research, the global Automotive Transmission Engineering Services Outsourcing Market size was valued at USD 14.89 Billion in 2023 and is predicted to reach USD 23.01 Billion by the end of 2032. The market is expected to grow with a CAGR of 4.95% during the forecast period. The report analyzes the global Automotive Transmission Engineering Services Outsourcing Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Automotive Transmission Engineering Services Outsourcing Market industry.

Global Automotive Transmission Engineering Services Outsourcing Market SizeRequest Free Sample

Global Automotive Transmission Engineering Services Outsourcing Market: Overview

There are two types of automotive transmission which are manual and automatic. The automotive transmission engineering is considered as an important process in the manufacturing process of automobiles. The movement of the vehicle is ensured by the transmission which allows the power flow from the engine to the wheels. There are huge developments made in the automatic transmission engineering which includes dual clutch transmission (DCT), automated manual transmission (AMT) and continuously variable transmission (CVT).

Global Automotive Transmission Engineering Services Outsourcing Market: Segmentation

The global automotive transmission engineering services outsourcing market is segmented into its transmission type, service type, power train and regions. On the basis of service type, the global market is segregated into designing, testing, simulation, prototyping, and system engineering and integration. Based on the transmission type, the market is categorized as the manual transmission and automatic transmission. On the basis of the power train, the automotive transmission engineering services outsourcing market is classified into hybrid powertrain and conventional powertrain.

Global Automotive Transmission Engineering Services Outsourcing Market: Growth Factors

The rise in the production of vehicles and the increase in the demand for the hybrid vehicles are some of the reasons that have contributed to the market growth. The rise in concerns for the environment regarding the increasing pollution owing to the emission of harmful gasses from the gasoline and diesel vehicles is a factor that contributes to the market growth. Owing to the rise in the environmental pollution the governments of various regions are compelling the automakers to develop eco-friendly automobiles. Hence, the demand for the hybrid vehicles is increasing which in turn is influencing the growth of the automotive transmission engineering services outsourcing market.

The factor that is restraining the market growth is the high cost involved in the manufacturing of the hybrid transmission system. The research and the development expenditures that are involved in developing the hybrid system technology are expensive as compared to the manufacturing of the conventional vehicles. Thus, these vehicles are costly and are less affordable to the consumers which in turn affect the market growth.

Automotive Transmission Engineering Services Outsourcing MarketRequest Free Sample

Automotive Transmission Engineering Services Outsourcing Market : Report Scope

Report Attributes Report Details
Report Name Automotive Transmission Engineering Services Outsourcing Market Research Report
Market Size in 2023 USD 14.89 Billion
Market Forecast in 2032 USD 23.01 Billion
Growth Rate CAGR of 4.95%
Number of Pages 196
Key Companies Covered AVL, IAV GmbH, Intertek Group Plc., Tata Consultancy Services Limited, Magneti Marelli S.p.A, Horiba, Ltd., FEV GmbH, Ricardo Plc, Porsche Engineering and Magna International Inc.
Segments Covered By Services, By Transmission Type, By Service Type, By Power train and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Automotive Transmission Engineering Services Outsourcing Market: Regional Analysis

The region that dominates the automotive transmission engineering services outsourcing market is Asia Pacific. The factors that contribute to this growth include the presence of the growing economies such as India and China, the growing demand from the population for more advanced passenger cars is compelling the OEMs to invest in the research and development of transmission engineering. The increasing demand for the hybrid vehicles and the low labor cost are other factors that are contributing to the market growth in this region. Automatic transmission is also widely used in the North American region owing to the provision of better fuel efficiency. Manual transmissions are preferred in countries of Europe.

Global Automotive Transmission Engineering Services Outsourcing Market: Competitive Players

The key market players in the automatic transmission engineering services market include:

  • AVL
  • IAV GmbH
  • Intertek Group Plc.
  • Tata Consultancy Services Limited
  • Magneti Marelli S.p.A
  • Horiba, Ltd.
  • FEV GmbH
  • Ricardo Plc
  • Porsche Engineering
  • Magna International Inc.

The Global Automotive Transmission Engineering Services Outsourcing Market is segmented as follows:

By Services Type 

  • designing 
  • testing
  • simulation
  • prototyping 
  • system engineering and integration

By Transmission Type 

  • manual transmission
  • automatic transmission 

By Power train 

  • hybrid powertrain 
  • conventional powertrain

Global Automotive Transmission Engineering Services Outsourcing Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Table Of Content

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed