Automotive Engineering Services Outsourcing - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Automotive Engineering Services Outsourcing Market is accounted for $64.47 billion in 2019 and is expected to reach $404.42 billion by 2027 growing at a CAGR of 25.8% during the forecast period. Rising concerns for the environment regarding the increasing pollution owing to the emission of harmful gasses from the gasoline and diesel vehicles and shift in preferences of OEMs for digitized solutions are propelling the market growth. However, the high cost involved in the manufacturing of the hybrid transmission system is hampering market growth.
The automotive engineering services outsourcing is considered as a significant procedure in the manufacturing procedure of automobiles. The movement of the vehicle is ensured by the transmission which allows the power flow from the engine to the wheels.
Based on the application, the body & chassis segment is going to have a lucrative growth during the forecast period due to the high preference for light-weight chassis that result in lesser fuel emission and the predominant rise in the production of green vehicles to comply with minimal emission norms. By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the availability of cost-effective labor in countries and major automobile OEMs.
Some of the key players profiled in the Automotive Engineering Services Outsourcing Market include RLE INTERNATIONAL Group, P3 AUTOMOTIVE GMBH, ASAP HOLDING GMBH, M Plan GmbH, Kistler Group, ITK Engineering AG, ALTEN Group, Horiba, GIGATRONIK Holding GmbH, FEV Group, Elektroniksystem- und Logistik-GmbH (ESG), Bertrandt, AVL, IAV GMBH, Altran, EDAG Engineering GmbH, Altair Engineering, and P+Z Engineering GmbH.
Vehicle Types Covered:
• Commercial Vehicles
• Passenger Vehicles
• System Integration
• Body Leasing
Propulsion Types Covered:
• IC (Internal Combustion) Engine
• Hybrid Vehicles
• Electric Vehicles
Distribution Channels Covered:
• Component Suppliers
• OEMs (Original Equipment Manufacturer)
• Powertrain and After-Treatment
• Infotainment & Connectivity
• Body & Chassis
• Autonomous Driving/ADAS
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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