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Automotive Engineering Services Market Share

Report ID: GMI5860
Published Date: May 2023
Report Format: PDF

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Automotive Engineering Services Market Share

Major companies operating in the automotive engineering services market landscape include

AKKA Technologies
Alten Group
Assystem Group
Capgemini
Continental AG
EDAG Engineering GmbH
FEV Group
Harman International Industries
IAV GmbH
L&T Technology Services
Mahindra Engineering Services
Ricardo plc
RLE International Group
Robert Bosch GmbH
Tata Technologies Limited.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive engineering services exceeded USD 150 billion in 2022 and is anticipated to grow at 5% CAGR from 2023 to 2032, on account of introduction of technologies such as electric power, autonomous driving, connectivity, and Advanced Driver Assistance System (ADAS) which require specialized services to design, develop, integrate & test effectively.

The powertrain optimization segment will contribute substantially to industry share over 2023 to 2032, owing to focus on improving the performance, efficiency, and reliability of a vehicle's drivetrain system by reducing the overall weight and increasing fuel efficiency.

Europe held the highest share in automotive engineering services industry of over 30% in 2022, region being a hub for automotive manufacturing and engineering excellence. Strict vehicle safety compliance and focus on delivering compliant & advanced vehicles are boosting the regional business growth.

AKKA Technologies, Alten Group, Assystem Group, Capgemini, Continental AG, EDAG Engineering GmbH, FEV Group, Harman International Industries, IAV GmbH, L&T Technology Services, Mahindra Engineering Services, and Ricardo plc among others.