Automotive Engineering Services Market: By Service Type: Designing, Prototyping, System Integration, Testing; By Application: Adas & Safety, Electrical, Electronics, And Body Controls, Chassis, Connectivity Services, Interior, Exterior, And Body Engineering, Powertrain And Exhaust, Simulation, Others; By Location: In-House, Outsource; By Vehicle Type: Passenger Car, Commercial Vehicle; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Competitive Landscape

Global Automotive Engineering Services Market Key Insights:

Market Outlook

The global automotive engineering services market attained a value of USD 153.4 billion in 2019. The industry is further expected to grow at a CAGR of 12% in the forecast period of 2020-2025. The industry is projected to reach a value of USD 302 billion in 2025 owing to the rising demand and technological advancements in the automotive industry.

Properties and Applications

Automotive engineering services find their applications in research methodology; ADAS and safety; electrical, electronics, and body controls; chassis; connectivity services, interior, exterior, and body engineering; powertrain and exhaust; and simulation, among others.

The automotive engineering services can be further divided based on:

• Industry
  • Technology Overview
  • Value Chain Analysis
  • Macro Indicator Analysis
• Services
  • Research Methodology
  • Concept
  • Designing
  • Prototyping
  • System Integration
  • Testing
• Location
  • In-House
  • Outsource
• Vehicle 
  • Passenger Car
  • Commercial Vehicle

The EMR report examines the regional markets for automotive engineering services like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Market Analysis

The global automotive engineering services industry is being driven by the growing investment and technological advancements by the companies. The rising demand for emission less transportation, advanced safety measures, and comfort are propelling the industry growth. The rising urbanisation and growing population in the developing economies like India are further fuelling the demand growth for the industry. Europe is expected to be the leading market due to the rising demand for low emission vehicle in the region and Germany being home to major car manufacturers.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global automotive engineering services industry, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Harman International Industries, Inc.
• Capgemini Se 
• Bertrandt Ag
• Alten Cresttek Company
• L&T Technology Services
• Fev Europe Gmbh
• Akka Technologies
• HCL Technologies
• IAV Automotive Engineering
• Altran Technologies
• Tech Mahindra Limited

The EMR report gives an in-depth overview of the industry by providing a SWOT analysis along with an analysis of Porter’s five forces model.

Key Questions Answered in the Report:

• How has the global automotive engineering services industry performed in the previous years (2015-2019)?
• What is the forecasted assessment of the industry for 2020-2025?
• What are the major drivers in the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major constraints in the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major demand indicators of the global industry?
• What is the degree of competition in the global automotive engineering services industry?
• What are the major events and developments taking place within the global industry?

Introduction

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• Value-added and infallible market intelligence.
• A holistic understanding of the current and expected market fluctuations through meticulously collected data.
• Verified information on the probable opportunities and risks in the present and forecasted markets.
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Assessment Approach

Our approach gives our clients a comprehensive assessment of the prevailing and projected market conditions through the collection, collation, and analysis of data from trusted sources.

Price Assessment

We assess the historical, prevailing, and expected prices of commodities and raw materials by analysing our assiduously collected data from verified primary and secondary sources. Our assessments reflect the market values of related commodities within a region to help our consumers understand the interdependencies and formulate profitable market strategies. Our price assessments cover both the average global prices along with the prevailing regional prices.

Market Assessment

Our market assessments determine the global and regional production and consumption of the product, according to their value and volume. We identify the key growth drivers, opportunities, and restraints that might promote or hinder the future market growth along with an expansive overview of the competitive landscape to help our clients make informed strategic decisions. We also take into account the demographic, economic, cultural, and political factors that might influence the market.

Data Collection

We gather market intelligence through our extensive database of reliable secondary sources and our exhaustive interviews with multiple industry stakeholders. The information gathered through our primary and secondary sources help us verify and extrapolate data relating to prices, trade, and market fluctuations along with the latest developments in the market.

Primary Research

As a part of our primary research, we interact with highly placed industrial professionals possessing an expansive and meticulous insight into the market. We conduct our interviews via mails, telephonic conversations, and one-on-one meetings. Thus, our exhaustive interviews with both buyers and consumers help us provide our clients with verified intelligence regarding the market size, share, drivers, prices, and forecast along with a detailed assessment of your supply chain.

Secondary Research

EMR has access to extensive internal and subscribed databases, which apprise us of the historical and prevailing market conditions and help us forecast the market for the coming few years. Our secondary research involves a wide array of sources ranging from the annual and financial reports of the key players in the industry to governmental and regulatory databases. We refer to various scientific and industry publications and whitepapers to form a comprehensive understanding of the product and the supply chain. Our wide-ranging research also refers to relevant articles and press releases to provide our customers with an up-to-date understanding of the contemporary market. We derive extensive raw data from our secondary research, which then go through a thorough verification and validation process, to help us formulate an exhaustive understanding of the market, the supply chain, the competitive landscape, and the product.

Other Analyst Tools and Data Models

Our extensive and intricate data models, formulated through our propriety technological and analytical resources, help you easily comprehend the expansive market data and aid you in framing vital business and market strategies. Our tools provide you with a cohesive understanding of the industry outlook, taking into account the qualitative and quantitative market variables. Our analytical tools and models are regularly updated according to the changes in the continually evolving market scenarios as well as being adapted to best meet our client’s specific needs. Our research methods involve a blend of the best technological tools used in the industry along with the expertise of our analysts and consultants who can spot and assess the implications of the subtle factors influencing the more complex markets.

Data Prioritisation

Our market assessments take into consideration only those data that are confirmed and are derived from credible and transparent sources. Thus, our clients are presented with accurate and infallible data which can be incorporated into their business strategies.

Data Validation

Before our data is presented to the clients, they undergo an intensive cross-verification and validation process. We corroborate the data gathered through our primary and secondary research by the review and validation of the initial sources along with the verification of the data from other thoroughly vetted sources.

Exigent Data Assessment

Our qualitative and quantitative assessments are time-sensitive, reflecting the most recent value and volume of the market across regions. By constantly updating our databases and reports to reflect the changes taking place in the market, our market and price assessments accurately reflect the prevailing industry conditions.

Thus, our rigorous data collection, thorough statistical analysis, and specialist assessments ensure that our clientele has a greater understanding of the market space, supply chain, price fluctuations, competitive landscape, and other vital factors, helping them emerge as the undisputed industry leaders in their respective fields.