The North America Automotive Engineering Services Outsourcing Market would witness market growth of 9.7% CAGR during the forecast period (2022-2028).
The automobile industry concentrated on mass manufacturing when it first started using Engineering Service Providers (ESPs) to provide services, integrating standardization, synchronization, accuracy, continuity, and interchangeability. Companies increasingly prioritize providing mass customization of vehicle production engineering services due to a paradigm change in client demands.
Opportunities for the expansion of the automotive ESO market are projected to arise from OEMs' rising preference for digitalized solutions. This is attributable to the end-user's paradigm shift in favor of more technologically advanced solutions. The Autonomous, Electric, Connected, and Shared Vehicles (ACES) disruptors are a digitalized business strategy being followed by the major industry participants to enable enhanced mobility standards and improve customer contact and experience with automobiles.
The need for commercial automobiles in the North American region is rising. This is due to fleet management's escalating demands for long-distance operations. Additionally, the local governments are passing a number of legislations related to carbon emissions. As a result, local manufacturers are utilizing the same technology in buses and commercial vehicles to cut carbon emissions, but they will encounter some unique challenges. Vehicles used for long-distance haulage have previously undergone substantial duty cycle and fuel efficiency optimization. This has offered significant growth prospects to the automotive engineering service outsourcing market in the North American region.
The US market dominated the North America Automotive Engineering Services Outsourcing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $30,183.5 million by 2028.The Canada market is poised to grow at a CAGR of 12.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11.2% during (2022 - 2028).
Based on Application, the market is segmented into Powertrain & After-treatment, Body & Chassis, Infotainment & Connectivity, Autonomous Driving/ADAS and Others. Based on Location, the market is segmented into On-shore and Off-shore. Based on Service, the market is segmented into Prototyping, System Integration, Testing, Designing and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AKKA Technologies SE (Adecco Group AG) update parent company, Altair Engineering, Inc., ALTEN, AVL List GmbH, Horiba Ltd., Capgemini SE, HCL Technologies Ltd. (HCL Enterprises), Tech Mahindra Limited, FEV Group GmbH, and RLE International Group.
The automobile industry concentrated on mass manufacturing when it first started using Engineering Service Providers (ESPs) to provide services, integrating standardization, synchronization, accuracy, continuity, and interchangeability. Companies increasingly prioritize providing mass customization of vehicle production engineering services due to a paradigm change in client demands.
Opportunities for the expansion of the automotive ESO market are projected to arise from OEMs' rising preference for digitalized solutions. This is attributable to the end-user's paradigm shift in favor of more technologically advanced solutions. The Autonomous, Electric, Connected, and Shared Vehicles (ACES) disruptors are a digitalized business strategy being followed by the major industry participants to enable enhanced mobility standards and improve customer contact and experience with automobiles.
The need for commercial automobiles in the North American region is rising. This is due to fleet management's escalating demands for long-distance operations. Additionally, the local governments are passing a number of legislations related to carbon emissions. As a result, local manufacturers are utilizing the same technology in buses and commercial vehicles to cut carbon emissions, but they will encounter some unique challenges. Vehicles used for long-distance haulage have previously undergone substantial duty cycle and fuel efficiency optimization. This has offered significant growth prospects to the automotive engineering service outsourcing market in the North American region.
The US market dominated the North America Automotive Engineering Services Outsourcing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $30,183.5 million by 2028.The Canada market is poised to grow at a CAGR of 12.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11.2% during (2022 - 2028).
Based on Application, the market is segmented into Powertrain & After-treatment, Body & Chassis, Infotainment & Connectivity, Autonomous Driving/ADAS and Others. Based on Location, the market is segmented into On-shore and Off-shore. Based on Service, the market is segmented into Prototyping, System Integration, Testing, Designing and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AKKA Technologies SE (Adecco Group AG) update parent company, Altair Engineering, Inc., ALTEN, AVL List GmbH, Horiba Ltd., Capgemini SE, HCL Technologies Ltd. (HCL Enterprises), Tech Mahindra Limited, FEV Group GmbH, and RLE International Group.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Powertrain & After-treatment
- Body & Chassis
- Infotainment & Connectivity
- Autonomous Driving/ADAS
- Others
By Location
- On-shore
- Off-shore
By Service
- Prototyping
- System Integration
- Testing
- Designing
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- AKKA Technologies SE (Adecco Group AG) update parent company
- Altair Engineering, Inc
- ALTEN
- AVL List GmbH
- Horiba Ltd
- Capgemini SE
- HCL Technologies Ltd. (HCL Enterprises)
- Tech Mahindra Limited
- FEV Group GmbH
- RLE International Group
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automotive Engineering Services Outsourcing Market, by Application
1.4.2 North America Automotive Engineering Services Outsourcing Market, by Location
1.4.3 North America Automotive Engineering Services Outsourcing Market, by Service
1.4.4 North America Automotive Engineering Services Outsourcing Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Business and Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Acquisitions and Mergers : 2021, Nov - 2022, Jun) Leading Players
Chapter 4. North America Automotive Engineering Services Outsourcing Market by Application
4.1 North America Powertrain & After-treatment Market by Country
4.2 North America Body & Chassis Market by Country
4.3 North America Infotainment & Connectivity Market by Country
4.4 North America Autonomous Driving/ADAS Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Automotive Engineering Services Outsourcing Market by Location
5.1 North America On-shore Market by Country
5.2 North America Off-shore Market by Country
Chapter 6. North America Automotive Engineering Services Outsourcing Market by Service
6.1 North America Prototyping Market by Country
6.2 North America System Integration Market by Country
6.3 North America Testing Market by Country
6.4 North America Designing Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Automotive Engineering Services Outsourcing Market by Country
7.1 US Automotive Engineering Services Outsourcing Market
7.1.1 US Automotive Engineering Services Outsourcing Market by Application
7.1.2 US Automotive Engineering Services Outsourcing Market by Location
7.1.3 US Automotive Engineering Services Outsourcing Market by Service
7.2 Canada Automotive Engineering Services Outsourcing Market
7.2.1 Canada Automotive Engineering Services Outsourcing Market by Application
7.2.2 Canada Automotive Engineering Services Outsourcing Market by Location
7.2.3 Canada Automotive Engineering Services Outsourcing Market by Service
7.3 Mexico Automotive Engineering Services Outsourcing Market
7.3.1 Mexico Automotive Engineering Services Outsourcing Market by Application
7.3.2 Mexico Automotive Engineering Services Outsourcing Market by Location
7.3.3 Mexico Automotive Engineering Services Outsourcing Market by Service
7.4 Rest of North America Automotive Engineering Services Outsourcing Market
7.4.1 Rest of North America Automotive Engineering Services Outsourcing Market by Application
7.4.2 Rest of North America Automotive Engineering Services Outsourcing Market by Location
7.4.3 Rest of North America Automotive Engineering Services Outsourcing Market by Service
Chapter 8. Company Profiles
8.1 Tech Mahindra Limited
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 Altair Engineering, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Horiba Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional & Segmental Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.4 HCL Technologies Ltd. (HCL Enterprises)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Acquisition and Mergers:
8.4.5.3 Geographical Expansions:
8.5 Capgemini SE
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Business Expansions:
8.6 ALTEN
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Recent strategies and developments:
8.6.4.1 Acquisition and Mergers:
8.7 AKKA Technologies SE (Adecco Group AG)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.8 FEV Group GmbH
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.8.2.2 Product Launches and Product Expansions:
8.8.2.3 Acquisition and Mergers:
8.8.2.4 Geographical Expansions:
8.9 AVL List GmbH
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.10. RLE International Group
8.10.1 Company Overview
Companies Mentioned
- AKKA Technologies SE (Adecco Group AG) update parent company
- Altair Engineering, Inc.
- ALTEN
- AVL List GmbH
- Horiba Ltd.
- Capgemini SE
- HCL Technologies Ltd. (HCL Enterprises)
- Tech Mahindra Limited
- FEV Group GmbH
- RLE International Group
Methodology
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