Automotive Engineering Services Outsourcing (ESO) Market By Application (Designing & Prototyping, Development & Integration, Testing, Body Leasing), By Service Model (On-shore, Off-shore), By Vehicle Type (Internal Combustion Engine (ICE) Vehicles, Electric Vehicles, Hybrid Vehicles) - Growth, Future Prospects & Competitive Analysis, 2019 – 2027

The global automotive engineering services outsourcing market was valued US$ 43.13 Bn in 2018 and is expected register growth at 8.3% CAGR during the forecast period from 2019 to 2027.

"Asia Pacific: The Most Attractive Business Destination for Service Providers"

Asia Pacific represents the most lucrative business destination for automotive engineering service providers. There exists sound investment & growth opportunities in markets including India, China, and South-east Asia. The prevailing growth opportunity in these economies is reflective of the huge automotive market. In addition, with the growing trend towards off-shoring, the automotive manufacturers in developed economies like Europe are relocating their manufacturing facilities to low cost Asia Pacific countries. Consequently, outsourcing of automotive engineering services has surged in these countries. The trend is expected to continue and the region is poised to remain one of the major automotive engineering services markets throughout the forecast period from 2019 to 2027.

"Value Contribution from Design & Prototyping Service Segment to Remain Highest throughout the Forecast Period"

In 2018, the demand for design & prototyping service was highest in the global automotive engineering services outsourcing market. The value contribution from mechanical design & prototyping service segment was around 35% of the global market value in the base year 2018. Since developing the mechanical design and prototype is time consuming and expensive processes, Original Equipment Manufacturers usually prefer either completely outsourcing these to ESPs (Engineering Service Providers) or work in close association with them for product development.

Key Players:

Some of the leading vendors profiled in the research study include Onward Technologies Ltd., Alten SA, Altran Technologies Limited, AVL, ESG Elektroniksystem- und Logistik-GmbH, P3 Automotive GmbH, ITK Engineering GmbH, Kistler Instrumente AG, M Plan GmbH, EDAG Engineering GmbH, Bertrandt, and MBtech Group GmbH among others.

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.

Key questions answered in this report

• What was the global automotive engineering services outsourcing market size in 2016 & 2017?
• What is the estimated forecast and market projections from 2018 up to 2026?
• Which is the largest regional automotive engineering services outsourcing market?
• Which service model contributes the largest revenue worldwide?
• Which vehicle type segment has the highest adoption of automotive engineering services worldwide?
• Predominant trends shaping the global automotive engineering services outsourcing market worldwide
• Who are the leading vendors in the global automotive engineering services outsourcing market worldwide?
• What are the key strategies adopted by the leading vendors in the global automotive engineering services outsourcing market?