Automotive Engineering Service Provider Market Segments, Regional Study, Emerging Technologies and Future Prospects 2023

Market Highlights

An automotive engineering solution provides end-to-end technology support for the design, development, manufacturing, and supply chain management of smarter vehicles. Furthermore, the engineering solution provider offers design and engineering capabilities for multiple vehicle components, along with software and hardware development of different vehicle electronics systems such as infotainment and diagnostic devices.

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The increasing demand for connected vehicles, increasing concern over driver and vehicle safety, growing demand for environment friendly vehicles, and the increasing adoption of Engineering Service Provider in passenger and commercial vehicles from developing countries like Africa, China and India are considered as the key driving factors for the growth of this market.

The increasing uses of engineering service provider component in automobiles and increasing production of electric vehicle from countries such as China, Germany, Norway, and Japan drive the growth of automotive engineering service provider market. In addition, the support from governments of various countries for the setup of engineering service provider infrastructure for electric vehicles and changing lifestyle are set to accelerate the growth of this market during the study period.

Market Research Analysis

In terms of region, the global market for the Automotive Engineering Service Provider is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is estimated to hold the largest market share during the forecast period owing to growing production of automobiles  from China, India, Kores, and Japan. Moreover, growing population and rising purchasing power of people are expected to boost the demand for Automotive Engineering Service Provider market in this region. Furthermore, the growing industrilization and infrastructure development across the region accelerate the growth of this market.

Europe is estimated to grow at a significant rate in Automotive Engineering Service Provider market during forecast period owing to the presence of key playes such as Continental AG (Germany), AVL LIST GmbH (Germany), and Robert Bosch GmbH (Germany) are contributing in the growth of this market.
Scope of the Report

This study provides an overview of the global Automotive Engineering Service Provider market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Engineering Service Provider market by service, application, vehicle type, and region.

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By Service
Engine

Chassis

Transmission

Car and BIW

Seating Systems

Cooling and HVAC

Interior and Exterior Trims

Others

By Application
Mechanical

Electrical & Electronics

Software

Safety

By Vehicle Type
Passenger Car

Commercial Vehicle

Two-wheeler

By Regions
North America

Asia-Pacific

Europe

Rest of the World

Key Players

The prominent players in the global automotive Engineering Service Provider market include Continental AG (Germany), AVL LIST GmbH (Germany), Robert Bosch GmbH (Germany), Bertrandt (Germany), HARMAN International (USA), EDAG Engineering GmbH (Germany), IAV Automotive Engineering, Inc. (Germany), Magna International Inc (Canada), Imaginative Automotive Engineering Services (India), and Contechs (UK).

 

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About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR’s methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

 

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