Dublin, Jan. 15, 2021 (GLOBE NEWSWIRE) -- The "Global Automotive Engineering Services Outsourcing Market Analysis 2020" report has been added to ResearchAndMarkets.com's offering.
The Global Automotive Engineering Services Outsourcing market is expected to reach $324.78 billion by 2026 growing at a CAGR of 25.7% during 2019 to 2026. The automotive engineering is also known as automobile engineering, it's a combination of mechanical, electrical and material science. Automotive engineering services outsourcing concerned with design, development, production and safety testing of vehicles including cars, trucks, motorcycles, scooter, and others. The automotive engineering field is research-intensive and involves the direct employment of mathematical models and formulas. Outsourcing supports a variety of capabilities, such as designing the parts of a vehicle, working with a company's supply chain, and developing aftermarket support for engineering.
Factors such as growing demand for fuel-efficient vehicles, availability of low-cost skilled labour, gradually strict government regulations, growing collaboration activities between original equipment manufacturers (OEMs) and engineering service providers (ESPs) are fuelling the market growth. However, high cost related to engineering services is likely to restraint the market.
By application, body & chassis segment is anticipated to grow at the significant rate during the forecast period, owing to the high preference for light-weight chassis that result in lesser fuel emission. In addition, manufacturers are emphasizing on adhering to the norms related to a low emission, which, in turn, is driving the growth of this segment. Further, the growing focus on safety feature in vehicles is driving the demand for body and chassis segment. Moreover, increasing emphasis on the safety of vehicle structure is expected to fuel the demand for chassis systems over the next seven years.
The key vendors mentioned are Alten GmbH, Bertrandt AG, P3 Automotive GmbH, EDAG Engineering GmbH, Gigatronik, IAV GmbH, Altair Engineering Inc., HORIBA Ltd, RLE International Group, Altran Technologies S.A., FEV Group, Infosys Ltd, Intertek Group plc, Magna International Inc., Ricardo Plc, and Magneti Marelli S.p.A.
Locations Covered:
- Off-Shore
- On-Shore
Services Covered:
- Designing
- System Integration
- Prototyping
- Testing
- Body Leasing
Vehicle Types Covered:
- Passenger Vehicles
- Commercial Vehicles
Applications Covered:
- Powertrain and After-treatment
- Autonomous Driving/ADAS
- Infotainment & Connectivity
- Body & Chassis
Propulsion Types Covered:
- Electric Vehicles
- Hybrid Vehicles
- Internal Combustion (IC) Engine Vehicles
End Users Covered:
- Component Suppliers
- Original Equipment Manufacturers (OEMs)
Regions Covered:
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Key Questions Answered in this Report:
- How this market evolved since the year 2018
- Market size estimations, forecasts and CAGR for all the segments presented in the scope
- Key Market Developments and financials of the key players
- Opportunity Analysis for the new entrants
- SWOT Analysis of the key players
- Fastest growing markets analysed during the forecast period
Key Topics Covered:
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Engineering Services Outsourcing Market, by Location
5.1 Introduction
5.2 Off-Shore
5.3 On-Shore
6 Global Automotive Engineering Services Outsourcing Market, by Service
6.1 Introduction
6.2 Designing
6.3 System Integration
6.4 Prototyping
6.5 Testing
6.6 Body Leasing
7 Global Automotive Engineering Services Outsourcing Market, by Vehicle Type
7.1 Introduction
7.2 Passenger Vehicles
7.3 Commercial Vehicles
8 Global Automotive Engineering Services Outsourcing Market, by Application
8.1 Introduction
8.2 Powertrain and After-treatment
8.3 Autonomous Driving/ADAS
8.4 Infotainment & Connectivity
8.5 Body & Chassis
9 Global Automotive Engineering Services Outsourcing Market, by Propulsion Type
9.1 Introduction
9.2 Electric Vehicles
9.3 Hybrid Vehicles
9.4 Internal Combustion (IC) Engine Vehicles
10 Global Automotive Engineering Services Outsourcing Market, by End User
10.1 Introduction
10.2 Component Suppliers
10.3 Original Equipment Manufacturers (OEMs)
11 Global Automotive Engineering Services Outsourcing Market, by Geography
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 South America
11.6 Middle East & Africa
12 Strategic Benchmarking
13 Vendors Landscape
13.1 Alten GmbH
13.2 Bertrandt AG
13.3 P3 Automotive GmbH
13.4 EDAG Engineering GmbH
13.5 Gigatronik
13.6 IAV GmbH
13.7 Altair Engineering Inc.
13.8 HORIBA Ltd
13.9 RLE International Group
13.10 Altran Technologies S.A.
13.11 FEV Group
13.12 Infosys Ltd
13.13 Intertek Group plc
13.14 Magna International Inc.
13.15 Ricardo Plc
13.16 Magneti Marelli S.p.A.
For more information about this report visit https://www.researchandmarkets.com/r/swbcyl
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