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Automotive Engineering Services Market Size, Share, Trends, Industry Analysis Report: By Vehicle Type (Passenger Cars and Commercial Cars), Application, Location, Service, Propulsion, Nature Type, and Region (North America, Europe, Asia Pacific, Middle Ea

Publisher Polaris Market Research & Consulting LLP
Published Oct 24, 2024
Length 119 Pages
SKU # PLRS19311914

Description

Automotive Engineering Services Market Size, Share, Trends, Industry Analysis Report: By Vehicle Type (Passenger Cars and Commercial Cars), Application, Location, Service, Propulsion, Nature Type, and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) – Market Forecast, 2024–2032



The global automotive engineering services market size is expected to reach USD 35,408.52 million by 2032, according to a new study by Polaris Market Research. The report “Automotive Engineering Services Market Size, Share, Trends, Industry Analysis Report: By Vehicle Type (Passenger Cars and Commercial Cars), Application, Location, Service, Propulsion, Nature Type, and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) – Market Forecast, 2024–2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The automotive engineering services market has experienced significant growth in recent years owing to the rapid evolution of automotive technologies, increasing consumer demands for advanced features, and the shift toward electric and autonomous vehicles. As manufacturers seek to stay competitive, they are investing heavily in engineering services that facilitate the development of innovative solutions. This includes services such as design, prototyping, testing, and regulatory compliance, all of which are essential for meeting stringent industry standards.

The demand for sustainable and energy-efficient vehicles is pushing automotive companies to adopt advanced engineering solutions. There is a corresponding increase in the need for specialized engineering services that focus on battery technology, energy management systems, and lightweight materials. These services enhance vehicle performance and also align with global environmental regulations, making them critical for manufacturers aiming to reduce their carbon footprint.

The growing complexity of automotive systems, driven by advancements in software and electronics, also contributes to the expanding market. Companies are increasingly reliant on external engineering expertise to navigate these complexities, leading to collaborations with specialized firms. This trend underscores the importance of automotive engineering services in fostering innovation and ensuring the successful transition toward next-generation vehicles, thereby positioning the market for continued growth in the coming years.

Automotive Engineering Services Market Report Highlights
  • Based on vehicle type, the commercial vehicles segment witnesses significant growth, fueled by rising demand for advanced vehicles, fleet management solutions, compliance with regulations, and innovative technologies for sustainability.
  • The market for the in-house segment, by location, is growing rapidly, driven by the increasing need for proprietary knowledge, control over innovation, and specialized teams for electric and autonomous vehicle development.
  • Asia Pacific led the global automotive engineering services market in 2023, owing to the rising vehicle production, investments in EV advancements, and supportive government policies promoting sustainable transportation.
  • A few global key market players are Capgemini, IAV, Bertrandt, L&T Technology Services Limited, FEV Group GmbH, Ricardo, Continental AG, EDAG Group, Semcon, Tech Mahindra Limited, Wipro Limited, HCL Technologies Ltd. (HCLTech), and RLE International Group.
Polaris Market Research has segmented the automotive engineering services market report on the basis of vehicle type, application, location, service, propulsion, nature type, and region:

By Vehicle Type Outlook (Revenue – USD Million, 2019–2032)

Passenger Cars

Commercial Cars

By Application Outlook (Revenue – USD Million, 2019–2032)

ADAS and Safety

Electrical, Electronics, and Body Controls

Chassis

Connectivity Services

Interior, Exterior, and Body Engineering

Powertrain and Exhaust

Simulation

Battery Development and Management

Charger Testing

Motor Controls

Others

By Location Outlook (Revenue – USD Million, 2019–2032)

In-house

Outsourcing

By Service Outlook (Revenue – USD Million, 2019–2032)

Concept/Research

Designing

Prototyping

System Integration

Testing

By Propulsion Outlook (Revenue – USD Million, 2019–2032)

ICE

Electric

By Nature Type Outlook (Revenue – USD Million, 2019–2032)

Body Leasing

Turnkey

By Regional Outlook (Revenue – USD Million, 2019–2032)

North America
  • US
  • Canada
Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Malaysia
  • Rest of Asia Pacific
Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Table of Contents

119 Pages
Chapter 1. Research Methodology Overview
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources
1.3.4 Third Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing (Secondary Sources)
Chapter 2. Executive Summary
2.1 Market Overview
2.2 Market Segmentation
2.2.1 Market By Vehicle Type
2.2.2 Market By Application
2.2.3 Market By Location
2.2.4 Market By Service
2.2.5 Market By Propulsion
2.2.6 Market By Nature Type
2.2.7 Geographic Overview
Chapter 3. Automotive Engineering Services Market Insights
3.1 Automotive Engineering Services – Market Size And Growth Prospects
3.2 Automotive Engineering Services Market Dynamics
3.2.1 Automotive Engineering Services Market Driver and Opportunity Analysis
3.2.1.1 Increasing Demand for Electrical Systems Design Services
3.2.1.2 Consumers Increasingly Demand More Efficient, Safe, and Connected Vehicles
3.2.2 Automotive Engineering Services Market Restraint/Challenges Analysis
3.2.2.1 Risk of Heavy Investment
3.2.2.2 Regulatory Challenges Across Globe
3.3 Automotive Engineering Services Market- Porter’s Five Forces Analysis
3.4 Automotive Engineering Services Market- PESTLE Analysis
3.5 Automotive Engineering Services Market- Value Chain Analysis
3.6 Automotive Engineering Services Market- Key Industrial Trends
3.7 Automotive Engineering Services Market- COVID-19 Impact Analysis
Chapter 4. Automotive Engineering Services Market Assessment By Vehicle Type
4.1 Introduction
4.2 Passenger Cars
4.3 Commercial Cars
Chapter 5. Automotive Engineering Services Market Assessment By Application
5.1 Introduction
5.2 ADAS and Safety
5.3 Electrical, Electronics, and Body Controls
5.4 Chassis
5.5 Connectivity Services
5.6 Interior, Exterior and Body Engineering
5.7 Powertrain and Exhaust
5.8 Simulation
5.9 Battery Development and Management
5.10 Charger Testing
5.11 Motor Controls
5.12 Others
Chapter 6. Automotive Engineering Services Market Assessment By Location
6.1 Introduction
6.2 In-house
6.3 Outsourcing
Chapter 7. Automotive Engineering Services Market Assessment By Service
7.1 Introduction
7.2 Concept/Research
7.3 Designing
7.4 Prototyping
7.5 System Integration
7.6 Testing
Chapter 8. Automotive Engineering Services Market Assessment By Propulsion
8.1 Introduction
8.2 ICE
8.3 Electric
Chapter 9. Automotive Engineering Services Market Assessment By Nature Type
9.1 Introduction
9.2 Body Leasing
9.3 Turnkey
Chapter 10. Automotive Engineering Services Market Assessment by Geography
10.1 Introduction
10.2 Automotive Engineering Services Market - North America
10.2.1 U.S.
10.2.2 Canada
10.3 Automotive Engineering Services Market - Europe
10.3.1 Germany
10.3.2 France
10.3.3 Italy
10.3.4 U.K
10.3.5 Spain
10.3.6 Netherlands
10.3.7 Russia
10.3.8 Rest of Europe
10.4 Automotive Engineering Services Market - Asia-Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 Indonesia
10.4.5 South Korea
10.4.6 Malaysia
10.4.7 Rest of APAC
10.5 Automotive Engineering Services Market - Latin America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Mexico
10.5.4 RoLATAM
10.6 Automotive Engineering Services Market - Middle East And Africa
10.6.1 Saudi Arabia
10.6.2 South Africa
10.6.3 UAE
10.6.4 Israel
10.6.5 Rest of Middle East & Africa
Chapter 11. Competitive Landscape
11.1 Key Market Players: Categorization
11.2 Strategy Framework
11.3 Vendor Landscape
11.4 Strategies Categorization
11.4.1 Partnership/Collaboration
11.4.2 Acquisition
Chapter 12. Company Profiles
12.1 Capgemini
12.1.1 Business Overview
12.1.2 Financial Snapshot
12.1.2.1 Revenue by Business Segments
12.1.2.2 Revenue by Region
12.1.3 Product & Services Benchmarking
12.1.4 Recent Developments
12.2 IAV
12.2.1 Business Overview
12.2.2 Financial Snapshot
12.2.3 Product & Services Benchmarking
12.3 Bertrandt
12.3.1 Business Overview
12.3.2 Financial Snapshot
12.3.2.1 Revenue by Business Segments
12.3.3 Product & Services Benchmarking
12.4 L&T Technology Services Limited.
12.4.1 Business Overview
12.4.2 Financial Snapshot
12.4.2.1 Revenue by Business Segments
12.4.2.2 Revenue by Region
12.4.3 Product & Services Benchmarking
12.4.4 Recent Developments
12.5 FEV Group GmbH
12.5.1 Business Overview
12.5.2 Product & Services Benchmarking
12.6 Ricardo
12.6.1 Business Overview
12.6.2 Financial Snapshot
12.6.2.1 Revenue by Business Segments
12.6.2.2 Revenue by Region
12.6.3 Product & Services Benchmarking
12.6.4 Recent Developments
12.7 Continental AG
12.7.1 Business Overview
12.7.2 Financial Snapshot
12.7.2.1 Sales by Business Segments
12.7.2.2 Sales by Region
12.7.3 Product & Services Benchmarking
12.7.4 Recent Developments
12.8 EDAG Group
12.8.1 Business Overview
12.8.2 Financial Snapshot
12.8.2.1 Revenue by Business Segments
12.8.2.2 Revenue by Region
12.8.3 Product & Services Benchmarking
12.9 Semcon
12.9.1 Business Overview
12.9.2 Product & Services Benchmarking
12.10 Tech Mahindra Limited
12.10.1 Business Overview
12.10.2 Financial Snapshot
12.10.2.1 Revenue by Business Segments
12.10.2.2 Revenue by Region
12.10.3 Product & Services Benchmarking
12.10.4 Recent Developments
12.11 Wipro Limited
12.11.1 Business Overview
12.11.2 Financial Snapshot
12.11.2.1 Revenue by Business Segments
12.11.2.2 Revenue by Region
12.11.3 Product & Services Benchmarking
12.11.4 Recent Developments
12.12 HCL Technologies Ltd. (HCLTech)
12.12.1 Business Overview
12.12.2 Financial Snapshot
12.12.2.1 Revenue by Business Segments
12.12.2.2 Revenue by Region
12.12.3 Product & Services Benchmarking
12.12.4 Recent Developments
12.13 RLE International Group
12.13.1 Business Overview
12.13.2 Product & Services Benchmarking

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