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Automotive Engineering Services Market Report and Forecast 2024-2032

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    Report

  • 155 Pages
  • December 2023
  • Region: Global
  • Expert Market Research
  • ID: 5926359
Global Automotive Engineering Services Market Report and Forecast 2024-2032

Market Outlook

According to the report the global automotive engineering services market grew substantially in 2023. Aided by the technological advancements in the automobile sector and an escalating demand for electric vehicles, the market is projected to further grow at a CAGR of 12.1% between 2024 and 2032 to reach a value of about USD 585.95 billion by 2032.

Automotive engineering services encapsulate a broad range of solutions related to the design, testing, research, and development of vehicular systems. These services span across components like powertrain, electrical systems, chassis, and body engineering. As the automotive industry continually shifts towards automation, electrification, and connectivity, these engineering services have gained paramount importance in ensuring vehicles are more efficient, safe, and sustainable.

The relentless push for fuel efficiency and the stringent emission norms globally have been propelling the automotive engineering services market growth. With environmental concerns taking centre stage, the automotive sector is focusing on reducing the carbon footprint, leading to a surge in demand for engineering solutions that aid in the design and development of green vehicles, especially electric and hybrid ones.

Another notable driver of this market is the rapid integration of cutting-edge technologies into vehicles. As autonomous driving, IoT-enabled vehicle connectivity, and AI-driven safety features become more mainstream, there is a burgeoning need for specialised automotive engineering services to facilitate and validate these innovations. The rise in collaborative projects between tech giants and automobile manufacturers also augments the demand for these services, ensuring seamless integration and functionality of advanced tech in modern vehicles.

According to the automotive engineering services market analysis, the heightened safety regulations and standards established by governments worldwide have mandated automobile manufacturers to incorporate advanced safety systems and undergo rigorous testing procedures. This scenario has led to a growing reliance on engineering services that offer solutions like simulation and testing, crash and safety analytics, and calibration.

The consumer's evolving expectation of vehicle performance and luxury also feeds into this market's growth. As consumers demand more personalised, efficient, and luxurious driving experiences, automakers are pressed to integrate state-of-the-art technologies and features, pushing the need for specialised automotive engineering services even higher.

In addition, as the concept of shared mobility and vehicle-as-a-service (VaaS) gains traction, vehicles are being engineered to endure more extended periods of usage with minimal maintenance. This paradigm shift in vehicle usage and ownership necessitates superior engineering to ensure longevity, which in turn, stimulates the automotive engineering services market demand.

Market Segmentation

The market can be divided based on service type, application, location, vehicle type, and region.

Market Breakup by Service Type

  • Designing
  • Prototyping
  • System Integration
  • Testing

Market Breakup by Application

  • Adas & Safety
  • Electrical, Electronics, And Body Controls
  • Chassis
  • Connectivity Services
  • Interior, Exterior, And Body Engineering
  • Powertrain and Exhaust
  • Simulation
  • Others

Market Breakup by Location

  • In-House
  • Outsource

Market Breakup by Vehicle Type

  • Passenger Car
  • Commercial Vehicle

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global automotive engineering services market. Some of the major players explored in the report are as follows:
  • Harman International Industries, Inc.
  • Capgemini Services SAS
  • Bertrandt Ag
  • L&T Technology Services Limited
  • Fev Group Gmbh
  • Akka Technologies SE
  • HCL Technologies Limited
  • Ingenieurgesellschaft Auto und Verkehr GmbH (IAV GmbH)
  • Tech Mahindra Limited
  • CRESTTEK LLC
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Engineering Services Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Engineering Services Historical Market (2018-2023)
8.3 Global Automotive Engineering Services Market Forecast (2024-2032)
8.4 Global Automotive Engineering Services Market by Service Type
8.4.1 Designing
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Prototyping
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 System Integration
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Testing
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Automotive Engineering Services Market by Application
8.5.1 Adas & Safety
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Electrical, Electronics, And Body Controls
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Chassis
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Connectivity Services
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Interior, Exterior, And Body Engineering
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Powertrain and Exhaust
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Simulation
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.5.8 Others
8.6 Global Automotive Engineering Services Market by Location
8.6.1 In-House
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Outsource
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Automotive Engineering Services Market by Vehicle Type
8.7.1 Passenger Car
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Commercial Vehicle
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global Automotive Engineering Services Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.8 Middle East and Africa
8.8.8.1 Historical Trend (2018-2023)
8.8.8.2 Forecast Trend (2024-2032)
9 North America Automotive Engineering Services Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Automotive Engineering Services Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Automotive Engineering Services Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Automotive Engineering Services Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Automotive Engineering Services Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Harman International Industries, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Capgemini Services SAS
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Bertrandt Ag
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 L&T Technology Services Limited
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Fev Group Gmbh
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Akka Technologies SE
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 HCL Technologies Limited
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Ingenieurgesellschaft Auto und Verkehr GmbH (IAV GmbH)
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Tech Mahindra Limited
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 CRESTTEK LLC
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Engineering Services Market: Key Industry Highlights, 2018 and 2032
2. Global Automotive Engineering Services Historical Market: Breakup by Service Type (USD Million), 2018-2023
3. Global Automotive Engineering Services Market Forecast: Breakup by Service Type (USD Million), 2024-2032
4. Global Automotive Engineering Services Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Automotive Engineering Services Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Automotive Engineering Services Historical Market: Breakup by Location (USD Million), 2018-2023
7. Global Automotive Engineering Services Market Forecast: Breakup by Location (USD Million), 2024-2032
8. Global Automotive Engineering Services Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
9. Global Automotive Engineering Services Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
10. Global Automotive Engineering Services Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Automotive Engineering Services Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Automotive Engineering Services Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Automotive Engineering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Automotive Engineering Services Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Automotive Engineering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Automotive Engineering Services Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Automotive Engineering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Automotive Engineering Services Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Automotive Engineering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Automotive Engineering Services Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Automotive Engineering Services Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Automotive Engineering Services Market Structure

Companies Mentioned

  • Harman International Industries Inc.
  • Capgemini Se
  • Bertrandt Ag
  • L&T Technology Services
  • Fev Europe Gmbh
  • Akka Technologies
  • Hcl Technologies
  • Iav Automotive Engineering
  • Altran Technologies
  • Tech Mahindra Limited

Methodology

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