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Engineering Services Outsourcing (ESO) Market

Global Engineering Services Outsourcing (ESO) Market Growth: By Application: Aerospace, Automotive, Construction, Consumer Electronics, Semiconductors, Pharmaceuticals, Telecom, Others; By Location Type: On-Shore, Off-Shore; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Engineering Services Outsourcing (ESO) Market Outlook

The global engineering services outsourcing (ESO) market stood at USD 698.50 billion in 2023. The market is expected to grow at a CAGR of 30.1% in the forecast period of 2024-2032.

 

Global Engineering Services Outsourcing (ESO) Market

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The industry growth is expected to be driven by the rising level of technical complexity for product development and manufacturing across sectors, cost reduction, shorter product lifecycles, and the growing number of linkages between OEMs and Engineering Service Providers (ESPs).

 

Market Segmentation

The engineering services outsourcing (ESO) industry can be divided based on segments like application and location type.

 

Global Engineering Services Outsourcing (ESO) Market By Location Type

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The industry can be broadly categorised based on its application into:

  • Aerospace
  • Automotive
  • Designing
  • Prototyping
  • System Integration
  • Testing
  • Construction
  • Consumer Electronics
  • Semiconductors
  • Pharmaceuticals
  • Telecom
  • Others

The industry can be divided based on its location type as:

  • Onshore
  • Offshore

The EMR report looks into the regional engineering services outsourcing (ESO) markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Engineering Services Outsourcing (ESO) Market By Region

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Market Analysis

The growth of the ESO industry and the growing adoption of outsourcing of engineering services is primarily due to a shorter life cycle of products. Business solutions that are usually offered last for a shorter period, resulting in re-purchase or resubscription. For example, a consumer would need to upgrade the IT infrastructure system after the duration of the contract or an automobile OEM may need a new set of engines for its future vehicle, requiring continuous technical improvements. The repetitive nature of the services, therefore, ensures that the ESO company flourishes, along with increasing the demand for subsequent goods, thus, propelling the industry growth. The industry experience, past ventures, market value, and the quality of service it provides are some of the key factors to be considered when choosing an ESO provider. However, because of the lack of project experience, familiarity with client requirements, and business networks, new entrants can find it challenging to enter the industry and develop their presence.

 

Competitive Landscape

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

  • Alten S.A
  • Altair Engineering Inc.
  • Capgemini SE
  • ASAP Holding GmbH
  • AVL List GmbH
  • International Business Machines Corporation 
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Application
  • Location Type
  • Region
Breakup by Application
  • Aerospace
  • Automotive
  • Construction
  • Consumer Electronics
  • Semiconductors
  • Pharmaceuticals
  • Telecom
  • Others
Breakup by Location Type
  • On-Shore
  • Off-Shore
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Alten S.A
  • Altair Engineering Inc.
  • Capgemini SE
  • ASAP Holding GmbH
  • AVL List GmbH
  • International Business Machines Corporation
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    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    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Engineering Services Outsourcing Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Engineering Services Outsourcing Historical Market (2018-2023) 
    8.3    Global Engineering Services Outsourcing Market Forecast (2024-2032)
    8.4    Global Engineering Services Outsourcing Market by Application
        8.4.1    Aerospace
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Automotive
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
            8.4.2.3    Automotive by Type
                8.4.2.3.1    Designing
                8.4.2.3.2    Prototyping
                8.4.2.3.3    System Integration
                8.4.2.3.4    Testing
        8.4.3    Construction
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Consumer Electronics
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Semiconductors
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Pharmaceuticals
            8.4.6.1    Historical Trend (2018-2023)
            8.4.6.2    Forecast Trend (2024-2032)
        8.4.7    Telecom
            8.4.7.1    Historical Trend (2018-2023)
            8.4.7.2    Forecast Trend (2024-2032)
        8.4.8    Others
    8.5    Global Engineering Services Outsourcing Market by Location Type
        8.5.1    On-Shore
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Off-Shore
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)    
    8.6    Global Engineering Services Outsourcing Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032) 
9    North America Engineering Services Outsourcing 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 Engineering Services Outsourcing 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 Engineering Services Outsourcing 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
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Engineering Services Outsourcing 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 Engineering Services Outsourcing 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    Alten S.A
            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    Altair Engineering Inc.
            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    Capgemini SE
            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    ASAP Holding GmbH
            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    AVL List 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    International Business Machines Corporation
            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    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Engineering Services Outsourcing Market: Key Industry Highlights, 2018 and 2032
2.    Global Engineering Services Outsourcing Historical Market: Breakup by Application (USD Billion), 2018-2023
3.    Global Engineering Services Outsourcing Market Forecast: Breakup by Application (USD Billion), 2024-2032
4.    Global Engineering Services Outsourcing Historical Market: Breakup by Location Type (USD Billion), 2018-2023
5.    Global Engineering Services Outsourcing Market Forecast: Breakup by Location Type (USD Billion), 2024-2032
6.    Global Engineering Services Outsourcing Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Engineering Services Outsourcing Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Engineering Services Outsourcing Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Engineering Services Outsourcing Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Engineering Services Outsourcing Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Engineering Services Outsourcing Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Engineering Services Outsourcing Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Engineering Services Outsourcing Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Engineering Services Outsourcing Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Engineering Services Outsourcing Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Engineering Services Outsourcing Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Engineering Services Outsourcing Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Engineering Services Outsourcing Market Structure

Key Questions Answered in the Report

In 2020, the global engineering services outsourcing (ESO) market attained a value of nearly USD 698.50 billion.

The market is projected to grow at a CAGR of 30.1% between 2024 and 2032.

The major drivers of the industry, such as the rising level of technical complexity for product development and manufacturing across sectors, cost reduction, shorter product lifecycles, and the growing number of linkages between OEMs and Engineering Service Providers (ESPs), are expected to aid the market growth.

The key market trend guiding the industry growth includes the adoption of the service in several sectors, such as oil and gas, product design, process engineering, plant, utilities, R&D, prototyping, infrastructure development, health care equipment, industrial design, innovation, transportation, and others.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Aerospace, automotive, construction, consumer electronics, semiconductors, pharmaceuticals, and telecom, among others, are the leading applications of engineering services outsourcing (ESO) in the industry.

On-shore and off-shore are the major location types of the product.

The major players in the industry are Alten S.A, Altair Engineering Inc., Capgemini SE, ASAP Holding GmbH, AVL List GmbH, and International Business Machines Corporation, among others.

Analyst Review

The global market of engineering services outsourcing (ESO) attained a value of USD 698.50 billion in 2023, driven by the rising level of technical complexity for product development and manufacturing across sectors. Aided by the growing number of linkages between OEMs and Engineering Service Providers (ESPs), the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 30.1%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on applications, the engineering services outsourcing (ESO) industry can be segmented into aerospace, automotive, construction, consumer electronics, semiconductors, pharmaceuticals, telecom, and others. On the basis of location types, the industry is bifurcated into on-shore and off-shore. The major regional markets for engineering services outsourcing (ESO) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Alten S.A, Altair Engineering Inc., Capgemini SE, ASAP Holding GmbH, AVL List GmbH, and International Business Machines Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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