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Product Engineering Services Market by Service (Product & Component Design, Process Engineering, Maintenance Repair & Operation), Organization Size (SMEs, and Large Enterprise), Vertical, and Region - Global Forecast to 2021

Product Engineering Services Market by Service (Product & Component Design, Process Engineering, Maintenance Repair & Operation), Organization Size (SMEs, and Large Enterprise), Vertical, and Region - Global Forecast to 2021

“Increasing demand for reduction in time to market is driving the product engineering services market”
The product engineering services market size is expected to grow from USD 676.17 billion in 2016 to USD 1,003.12 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 8.2% from 2016 to 2021. The product engineering services offer the benefit of cost reduction, enhanced customer experience, and reduced Time-To-Market (TTM). Improved TTM generates more sales and greater profitability. With growing competition and changing customer preference, TTM has become a key factor influencing the competitive landscape of the market.

The main challenge faced by organizations in the marketplace is developing new products at reduced cost. Increasing cost efficiency is a planned engineering work that requires a dynamic approach and needs to be effective. Fear of losing control over intellectual property rights and cultural differences in terms of product philosophy and design are the major restraints of the market.

“The healthcare segment is expected to grow at the highest CAGR in the product engineering services market by industrial vertical during the forecast period”
Product engineering services are being increasingly adopted by industries such as automotive, healthcare, telecom & IT, and energy & utilities, which has led to the growth of the market across the globe. The healthcare segment is expected to grow at the highest CAGR in product engineering services by industrial vertical, owing to factors such as increase in patient engagement, reduction in healthcare expenditure, and boost in the health of population during the forecast period.

“The APAC region is expected to experience extensive growth opportunities in the next few years”
The Asia-Pacific (APAC) region is expected to have major traction of product engineering services due to rise in demand for organizing the huge workforce in the region. This region is also facing issues such as aging population, retiring baby boomers, and increasing number of multigenerational workforce, which needs to be managed and therefore product engineering services are in demand.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of the profiles of primary participants is as follows:
• By Company: Tier 1: 36 %, Tier 2: 21%, and Tier 3: 43%
• By Designation: C level: 75%, Director level: 15%, Others: 10%
• By Region: North America: 70%, Europe: 15%, APAC: 15%
The product engineering services ecosystem comprises major vendors such as Altran (France), ALTEN Group (France), AVL (Austria), HCL (India), AKKA Technologies (France), IBM Corporation (U.S.), and Capgemini (France).

Research Coverage:
The report includes in-depth competitive analysis of these key players in the product engineering services market, with their company profiles, recent developments, and key market strategies. The research report segments the product engineering services market by service, organization size, industry vertical, and region.

Reasons to buy the Report
The product engineering services market has been segmented on the basis of services, organization sizes, industry verticals, and regions. The report will help the market leaders/new entrants in this market in the following ways:
1. The report segments the product engineering services market comprehensively and provides the closest approximation of the revenue numbers for the overall market and subsegments. The market numbers are further split across different verticals and regions.
2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand the competitors and gain more insights to better position their businesses. There is a separate section on competitive landscape, including competitor ecosystem and mergers & acquisitions. Besides, there are company profiles of 12 players offering services in this market. In this section, market internals are provided that can put them ahead of the competitors. The report also covers key innovators in the market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • BREAKDOWN OF PRIMARY INTERVIEWS
      • KEY INDUSTRY INSIGHTS
    • MARKET SIZE ESTIMATION
    • RESEARCH ASSUMPTIONS & LIMITATION
    • LIMITATIONS
  • EXECUTIVE SUMMARY
    • Table PRODUCT ENGINEERING SERVICES MARKET SIZE AND GROWTH, 2014-2021 (USD BILLION, Y-O-Y %)
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE GLOBAL PRODUCT ENGINEERING SERVICES MARKET
    • PRODUCT ENGINEERING SERVICES MARKET, BY SERVICE
    • PRODUCT ENGINEERING SERVICES GLOBAL MARKET
    • LIFECYCLE ANALYSIS, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
      • MARKET EVOLUTION
    • MARKET SEGMENTATION
      • BY SERVICE
      • BY ORGANIZATION SIZE
      • BY VERTICAL
      • BY REGION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • STRATEGIC BENCHMARKING
      • STRATEGIC BENCHMARKING: NEW PRODUCT LAUNCHES, ACQUISITIONS, AND PARTNERSHIPS OF TOP VENDORS
  • PRODUCT ENGINEERING SERVICES MARKET ANALYSIS, BY SERVICE
    • INTRODUCTION
      • Table PRODUCT ENGINEERING SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD BILLION)
    • PRODUCT AND COMPONENT DESIGN
      • Table PRODUCT AND COMPONENT DESIGN: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
      • Table PRODUCT AND COMPONENT DESIGN: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY TYPE , 2014-2021 (USD BILLION)
      • NEW PRODUCT DEVELOPMENT
        • Table NEW PRODUCT DEVELOPMENT SERVICES: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
      • DESIGN SUPPORT
        • Table DESIGN SUPPORT SERVICES: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
      • SOFTWARE ENGINEERING
        • Table SOFTWARE ENGINEERING SERVICES: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
        • Table EMBEDDED SOFTWARE SERVICES: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
        • Table INDEPENDENT SOFTWARE SERVICES: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
      • HARDWARE ENGINEERING
        • Table HARDWARE ENGINEERING SERVICES: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
      • PROTOTYPE TESTING
        • Table PROTOTYPE TESTING SERVICES: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
    • PROCESS ENGINEERING
      • Table PROCESS ENGINEERING SERVICES: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
      • MANUFACTURING ENGINEERING SUPPORT
        • Table MANUFACTURING ENGINEERING SUPPORT SERVICES: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
      • KNOWLEDGE-BASED ENGINEERING (KBE)
        • Table KNOWLEDGE-BASED ENGINEERING: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
    • MAINTENANCE, REPAIR, AND OPERATIONS
      • Table MAINTENANCE, REPAIR, AND OPERATIONS: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
    • OTHERS
      • Table OTHERS: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
  • PRODUCT ENGINEERING SERVICES MARKET ANALYSIS, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table PRODUCT ENGINEERING SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD BILLION)
    • SMALL AND MEDIUM ENTERPRISES
      • Table SMALL AND MEDIUM ENTERPRISES: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
    • LARGE ENTERPRISES
      • Table LARGE ENTERPRISES: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
  • PRODUCT ENGINEERING SERVICES MARKET ANALYSIS, BY VERTICAL
    • INTRODUCTION
      • Table PRODUCT ENGINEERING SERVICES MARKET SIZE, BY VERTICAL, 2014-2021 (USD BILLION)
    • AUTOMOTIVE
      • Table AUTOMOTIVE: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
    • AEROSPACE AND DEFENSE
      • Table AEROSPACE AND DEFENSE: PRODUCT ENGINEERING SEVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
    • HEALTHCARE
      • Table HEALTHCARE: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
    • IT
      • Table IT: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
    • INDUSTRIAL MANUFACTURING
      • Table INDUSTRIAL MANUFACTURING: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
    • ENERGY AND UTILITIES
      • Table ENERGY AND UTILITIES: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
    • TELECOM
      • Table TELECOM: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
    • OTHERS
      • Table OTHERS: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table PRODUCT ENGINEERING SERVICES MARKET SIZE, BY REGION, 2014-2021 (USD BILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD BILLION)
      • Table NORTH AMERICA: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY PRODUCT AND COMPONENT DESIGN SERVICE, 2014-2021 (USD BILLION)
      • Table NORTH AMERICA: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY SOFTWARE ENGINEERING SERVICES, 2014-2021 (USD BILLION)
      • Table NORTH AMERICA: PRODUCT ENGINEERING SERVICE MARKET SIZE, BY PROCESS ENGINEERING SERVICE, 2014-2021 (USD BILLION)
      • Table NORTH AMERICA: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD BILLION)
      • Table NORTH AMERICA: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY VERTICAL, 2014-2021 (USD BILLION)
    • EUROPE
      • Table EUROPE: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD BILLION)
      • Table EUROPE: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY PRODUCT AND COMPONENT DESIGN SERVICE, 2014-2021 (USD BILLION)
      • Table EUROPE: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY SOFTWARE ENGINEERING SERVICE, 2014-2021 (USD BILLION)
      • Table EUROPE: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY PROCESS ENGINEERING SERVICE, 2014-2021 (USD BILLION)
      • Table EUROPE: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD BILLION)
      • Table EUROPE: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY VERTICAL, 2014-2021 (USD BILLION)
    • ASIA-PACIFIC
      • Table ASIA-PACIFIC: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD BILLION)
      • Table ASIA-PACIFIC: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY PRODUCT AND COMPONENT DESIGN SERVICE, 2014-2021 (USD BILLION)
      • Table ASIA-PACIFIC: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY SOFTWARE ENGINEERING SERVICE, 2014-2021 (USD BILLION)
      • Table ASIA-PACIFIC: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY PROCESS ENGINEERING SERVICE, 2014-2021 (USD BILLION)
      • Table ASIA-PACIFIC: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD BILLION)
      • Table ASIA-PACIFIC: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY VERTICAL, 2014-2021 (USD BILLION)
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY PRODUCT AND COMPONENT DESIGN SERVICE, 2014-2021 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY SOFTWARE ENGINEERING SERVICE, 2014-2021 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY PROCESS ENGINEERING SERVICE, 2014-2021 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: PRODUCT ENGINEERING MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD BILLION)
      • Table MIDDLE EAST AND AFRICA: PRODUCT ENGINEERING MARKET SIZE, BY VERTICAL, 2014-2021 (USD BILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY SERVICE, 2014-2021 (USD BILLION)
      • Table LATIN AMERICA: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY PRODUCT AND COMPONENT DESIGN SERVICE, 2014-2021 (USD BILLION)
      • Table LATIN AMERICA: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY SOFTWARE ENGINEERING SERVICE, 2014-2021 (USD BILLION)
      • Table LATIN AMERICA: PRODUCT ENGINEERING SERVICES MARKET SIZE, BY PROCESS ENGINEERING SERVICE, 2014-2021 (USD BILLION)
      • Table LATIN AMERICA: PRODUCT ENGINEERING MARKET SIZE, BY ORGANIZATION SIZE, 2014-2021 (USD BILLION)
      • Table LATIN AMERICA: PRODUCT ENGINEERING MARKET SIZE, BY VERTICAL, 2014-2021 (USD BILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • COMPETITIVE SITUATIONS AND TRENDS
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2016-2017
      • PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
        • Table PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2015-2017
      • MERGERS AND ACQUISITIONS
        • Table MERGERS AND ACQUISITIONS, 2016-2017
  • COMPANY PROFILES
    • INTRODUCTION
    • ALTRAN
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ALTEN GROUP
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • AVL
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HCL TECHNOLOGIES LIMITED
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • AKKA TECHNOLOGIES
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • INTERNATIONAL BUSINESS MACHINES (IBM) CORPORATION
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CAPGEMINI
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TATA CONSULTANCY SERVICES (TCS) LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • WIPRO LIMITED
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ACCENTURE PLC
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HAPPIEST MINDS TECHNOLOGIES
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • KEY INNOVATORS
      • TVS INFOTECH LIMITED
  • APPENDIX
    • INDUSTRY EXCERPTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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