The global automotive engineering services market attained a value of USD 219.60 Billion in 2023. The industry is further expected to grow at a CAGR of 12.10% in the forecast period of 2024-2032. The industry is projected to reach a value of USD 613.88 Billion in 2032 owing to the rising demand and technological advancements in the automotive industry.
Base Year
Historical Year
Forecast Year
Value in USD Billion
2024-2032
Automotive Engineering Services Market Outlook
*this image is indicative*
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Automotive Engineering Services Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Service Type
Market Breakup by Application
Market Breakup by Location
Market Breakup by Vehicle Type
Market Breakup by Region
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The global automotive engineering services industry is being driven by the growing investment and technological advancements by the companies. The rising demand for emission less transportation, advanced safety measures, and comfort are propelling the industry growth. The rising urbanisation and growing population in the developing economies like India are further fuelling the demand growth for the industry. Europe is expected to be the leading market due to the rising demand for low emission vehicle in the region and Germany being home to major car manufacturers.
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The report presents a detailed analysis of the following key players in the global automotive engineering services industry, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth overview of the industry by providing a SWOT analysis along with an analysis of Porter’s five forces model.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global automotive engineering services market reached a value of USD 219.60 Billion in 2023.
The market is likely to grow at a CAGR of 12.10% during the forecast period of 2024 and 2032.
The market is expected to reach a value of USD 613.88 Billion by 2032.
The major drivers of the market include the rising advancements in technology in the automotive sector, the growing investment by the companies, rising demand for less transportation emissions, advanced safety measures, and comfort, increasing urbanisation, and the growing population.
The key trends aiding the market growth include less transportation emissions, advanced safety measures, and comfort.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The leading service types of automotive engineering services in the industry are designing, prototyping, system integration, and testing.
The major application sectors for the services include ADAS and safety, electrical, electronics, and body controls, chassis, connectivity services, interior, exterior, and body engineering, powertrain and exhaust, and simulation, among others.
The leading location segments of the product in the industry are in-house and outsource.
The major vehicle types in the market are passenger car and commercial vehicle.
The key players in the industry are Harman International Industries, Inc., Capgemini Services SAS, Bertrandt Ag, L&T Technology Services Limited, Fev Group Gmbh, Akka Technologies SE, HCL Technologies Limited, Ingenieurgesellschaft Auto und Verkehr GmbH (IAV GmbH), Tech Mahindra Limited, CRESTTEK LLC, IAV Automotive Engineering, Altran Technologies and Others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| 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:
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| Breakup by Service Type |
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| Breakup by Application |
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| Breakup by Location |
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| Breakup by Vehicle Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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