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Automotive Engineering Services Outsourcing Market size was valued at USD 72.24 Bn in 2023 and is expected to reach USD 357.56 Bn by 2032, and grow at a CAGR of 22.13% over the forecast period 2024-2032.
The future course of the Automotive Engineering Services Outsourcing (ESO) market depends on transformative factors that will reshape demand and profitability for key players. One important shift is the ascendance of electric vehicles (EVs), anticipated to witness exponential growth exceeding 30% by 2031 according to SNS Insider analysis. This necessitates expertise in critical areas such as battery technology, powertrain design, and lightweight materials, areas where traditional ESO providers may require substantial upskilling or strategic partnerships. The escalating emphasis on autonomous driving presents a significant opportunity estimated at USD 2 trillion by 2031.
Also, to succeed here companies will need to be proficient in sensor fusion, artificial intelligence, and software development; this might change the competition among ESO providers. Furthermore, such megatrends as Industry 4.0 will increasingly impact on more automation and data-driven decision making along the ESO value chain. The trend could also promote the consolidation of smaller market participants that do not have enough capital for investing in advanced technologies or robust data analytics capabilities. To navigate the changing profit landscape, ESO firms must adjust their service portfolios, talent acquisition strategies and pricing models. There is an increasing demand for innovative networking solutions.Also, to succeed here companies will need to be proficient in sensor fusion, artificial intelligence, and software development; this might change the competition among ESO providers. Furthermore, such megatrends as Industry 4.0 will increasingly impact on more automation and data-driven decision making along the ESO value chain. The trend could also foster the consolidation of smaller market participants that do not have enough capital for investing in advanced technologies or robust data analytics capabilities. To navigate the changing profit landscape, ESO firms must adjust their service portfolios, talent acquisition strategies and pricing models. There is an increasing demand for innovative networking solutions.
MARKET DYNAMICS:
KEY DRIVERS:
Adoption of electric vehicles (EVs) and shared mobility for a better environment.
The rising overall demand for luxury car and the innovations by OEM in luxury vehicle electric segment.
This has raised a simultaneous increase in outsourcing of automotive engineering services with regard to luxury cars’ rising demand. For instance, today manufacturers like Bentley and Aston Martin are beginning to outsource highly specialized engineering assignments as part of their strategic adoption of state- of –the-art technology with personalization features and high performance cables.
The key factors include the need for expertise in emerging industries such as electric and autonomous vehicle technology. Outsourcing allows luxury car manufacturers to get engineers from across the globe, which lets them focus their internal resources on reinforcing brand identity and core design principles. This strategic move, helps them maintain leadership in innovation while meeting the needs of their discerning customers who want nothing but an unmatched driving experience.
Restrains:
New entrants entering with disruptive business models and the high competitive intensity.
OPPORTUNITY:
The rising demand for autonomous vehicles and the support from government for the same.
Implementation of stringent emission norms & environmental regulations.
There are strict emission regulations and environmental policies that help in controlling pollution levels. Remarkably, China’s adoption of tighter controls over vehicle emissions from 2017 up to 2022 led to a significant 39% decrease in new passenger cars’ nitrogen oxide (NOx) emissions. Besides, Euro 6 standards of the European Union have resulted in particulate matter emissions being cut by nearly 90% since they were first implemented for new gasoline-powered vehicles in 2014.
These rules are meant to encourage cleaner technologies in the automobile industry while at the same time enabling companies to adhere to them. For instance, The California Air Resources Board made a bold mandate of zero emission vehicles that have led manufacturers to heavily invest in electric vehicle production. As a result of this nudge, it is estimated that global sales of electric vehicles will reach over 10 million by 2025. There may be an initial cost implications for industries adopting these regulations but one should note that they clear way for a better living environment. Adapting to new regulations guarantees compliance with the changes being experienced by consumers and regulators alike hence fostering environmental safety and stewardship.
Market Segmentation Analysis:
By Application:
In the automotive ESO market, powertrain and after treatment segment held the highest revenue share in 2023. This has resulted from replacing internal combustion engine powered by petroleum and gasoline with electrification in powertrains which can clip off carbon emissions from affecting the environment negatively. The adoption of electric powertrain technology by OEMs is likely to positively affect growth within the powertrain and after treatment sectors. Moreover, due its ability to sense, perceive its surroundings and provide safe.
By Service:
By 2032, the prototype segment is expected to continue to dominate the global automotive ESO market as per forecast. It has been fueled by the increased use of 3D printing technology in the automotive industry for creating prototypes of assemblies, parts or whole cars. Thus, producers can utilize 3D printing technology which can help them find defects quickly and rectify them within an efficient manner resulting in a more cost-effective approach. In order to expand and cater for an increasingly matured market for car testing, ESPs are expected to embark on establishing new test centers making this category grow faster with CAGR throughout forecast years.
By Location:
The on-shore category is the highest in terms of revenue share and is expected to grow fast during the forecast period, considering that its original equipment manufacturers (OEMs) are more inclined to work with local ESPs. This will help them evade risks as many countries do not have copyright laws to protect their intellectual properties. The preference of OEMs for onshore markets has resulted in a significant increase in demand as a result of barriers such as different time zones, language barrier, stringent government regulations and more which make it difficult for OEMs to outsource services from any other country. However, the off-shore segment is anticipated to witness a significant boost throughout the projection period because oems prefer outsourcing services into low-cost nations like India, China, Brazil, Mexico or Ukraine. With maximum number of engineering graduates and appropriate capabilities among all cheap nations towards ESO, india is strongly favored by Oems leading to growth in this area.
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REGIONAL ANALYSIS:
According to our SNS Insider research, North America region will grow at a CAGR of 20.21% over the period of 2024-2032. North America has a rich automotive manufacturing history with automobile production forming one of the pillars of its economy. In particular, the United States acts as an economic engine and propellers such expansion. The policy support for electric vehicles (EVs) and energy-efficient vehicles are boosting demand for EVs thus creating favorable conditions for automotive engineering services. Moreover, the growing promise of self-driving cars is another major growth factor here. With the US having an established automotive industry that continually increases Research and Development (R&D) investments, there are possibilities it may emerge as a key market leader in North America.
The bright future prospects for Automotive Engineering Services landscape have seen different regions taking significant positions. As such, Asia-Pacific was the dominant region in 2023 accounted for 46.11% global share (SNS). This dominance mainly derives from reasons like fast economic growth and an increasing middle class that needs new cars. Europe follows closely holding a considerable percentage of the market at around 25.20%.
The major key players are Alten Group, Altran, ARRK Product Development Group Ltd., ASAP Holding Gmbh, AVL List GmbH, Bertrandt AG, EDAG Group, ESG Elektroniksystem- und Logistik-GmbH, FEV Group GmbH, and Horiba, LTD.
RECENT DEVELOPMENTS:
Alten Group, with its keen eye for expansion, has been augmenting its global reach through a series of calculated acquisitions and symbiotic partnerships. Among its notable conquests are Calsoft Labs, a venerated name in technology consulting within the automotive domain, and Cyient Europe Ltd., a stalwart in European engineering consultancy. These acquisitions serve as pillars upon which Alten fortifies its position in the ever-evolving automotive landscape.
Bertrandt AG has been carving its niche by sharpening its focus on the vanguards of automotive evolution: electric mobility, autonomous driving, and digitalization. Their collaborative endeavors with automotive titans underscore their commitment to pioneering innovative solutions for the mobility of tomorrow. Through a relentless pursuit of expertise and a penchant for cutting-edge projects, Bertrandt stands as a beacon of innovation in the automotive sphere.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 72.24 Billion |
| Market Size by 2032 | US$ 357.56 Billion |
| CAGR | CAGR of 22.13% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Application (Autonomous Driving/ADAS, Body & Chassis, Powertrain and After-treatment, Infotainment & Connectivity, and Others) • by Basis of Service (Designing, Prototyping, System Integration, Testing, and Others) • by Location (On-shore and Off-shore) • by Vehicle Type (Passenger cars and Commercial vehicles) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Alten Group, Altran, ARRK Product Development Group Ltd., ASAP Holding Gmbh, AVL List GmbH, Bertrandt AG, EDAG Group, ESG Elektroniksystem- und Logistik-GmbH, FEV Group GmbH, and Horiba, LTD. |
| Key Drivers |
|
| RESTRAINTS |
|
Ans: - Automotive Engineering Services Outsourcing Market size was valued at USD 72.24 Bn in 2023 and is expected to reach USD 357.56 Bn by 2032.
Ans: - Adoption of electric vehicles (EVs) and shared mobility for a better environment.
Ans: - 4 segments of the Automotive Engineering Services Outsourcing market.
Ans. The primary growth tactics of Automotive Engineering Services Outsourcing market
participants include merger and acquisition, business expansion, and product launch.
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Porter’s 5 Forces Model
6. Pest Analysis
7. Automotive Engineering Services Outlook Market Segmentation, By Application
7.1 Introduction
7.2 Autonomous Driving/ADAS
7.3 Body & Chassis
7.4 Powertrain and After-treatment
7.5 Infotainment & Connectivity
7.6 Others
8. Automotive Engineering Services Outlook Market Segmentation, By Service
8.1 Introduction
8.2 Designing
8.3 Prototyping
8.4 System Integration
8.5 Testing
8.6 Others
9. Automotive Engineering Services Outlook Market Segmentation, By Location
9.1 Introduction
9.2 On-shore
9.3 Off-shore
10. Automotive Engineering Services Outlook Market Segmentation, By Vehicle Type
10.1 Introduction
10.2 Passenger cars
10.3 Commercial vehicles
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America Automotive Engineering Services Outlook Market by Country
11.2.3 North America Automotive Engineering Services Outlook Market By Application
11.2.4 North America Automotive Engineering Services Outlook Market By Service
11.2.5 North America Automotive Engineering Services Outlook Market By Location
11.2.6 North America Automotive Engineering Services Outlook Market By Vehicle Type
11.2.7 USA
11.2.7.1 USA Automotive Engineering Services Outlook Market By Application
11.2.7.2 USA Automotive Engineering Services Outlook Market By Service
11.2.7.3 USA Automotive Engineering Services Outlook Market By Location
11.2.7.4 USA Automotive Engineering Services Outlook Market By Vehicle Type
11.2.8 Canada
11.2.8.1 Canada Automotive Engineering Services Outlook Market By Application
11.2.8.2 Canada Automotive Engineering Services Outlook Market By Service
11.2.8.3 Canada Automotive Engineering Services Outlook Market By Location
11.2.8.4 Canada Automotive Engineering Services Outlook Market By Vehicle Type
11.2.9 Mexico
11.2.9.1 Mexico Automotive Engineering Services Outlook Market By Application
11.2.9.2 Mexico Automotive Engineering Services Outlook Market By Service
11.2.9.3 Mexico Automotive Engineering Services Outlook Market By Location
11.2.9.4 Mexico Automotive Engineering Services Outlook Market By Vehicle Type
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Eastern Europe
11.3.2.1 Eastern Europe Automotive Engineering Services Outlook Market by Country
11.3.2.2 Eastern Europe Automotive Engineering Services Outlook Market By Application
11.3.2.3 Eastern Europe Automotive Engineering Services Outlook Market By Service
11.3.2.4 Eastern Europe Automotive Engineering Services Outlook Market By Location
11.3.2.5 Eastern Europe Automotive Engineering Services Outlook Market By Vehicle Type
11.3.2.6 Poland
11.3.2.6.1 Poland Automotive Engineering Services Outlook Market By Application
11.3.2.6.2 Poland Automotive Engineering Services Outlook Market By Service
11.3.2.6.3 Poland Automotive Engineering Services Outlook Market By Location
11.3.2.6.4 Poland Automotive Engineering Services Outlook Market By Vehicle Type
11.3.2.7 Romania
11.3.2.7.1 Romania Automotive Engineering Services Outlook Market By Application
11.3.2.7.2 Romania Automotive Engineering Services Outlook Market By Service
11.3.2.7.3 Romania Automotive Engineering Services Outlook Market By Location
11.3.2.7.4 Romania Automotive Engineering Services Outlook Market By Vehicle Type
11.3.2.8 Hungary
11.3.2.8.1 Hungary Automotive Engineering Services Outlook Market By Application
11.3.2.8.2 Hungary Automotive Engineering Services Outlook Market By Service
11.3.2.8.3 Hungary Automotive Engineering Services Outlook Market By Location
11.3.2.8.4 Hungary Automotive Engineering Services Outlook Market By Vehicle Type
11.3.2.9 Turkey
11.3.2.9.1 Turkey Automotive Engineering Services Outlook Market By Application
11.3.2.9.2 Turkey Automotive Engineering Services Outlook Market By Service
11.3.2.9.3 Turkey Automotive Engineering Services Outlook Market By Location
11.3.2.9.4 Turkey Automotive Engineering Services Outlook Market By Vehicle Type
11.3.2.10 Rest of Eastern Europe
11.3.2.10.1 Rest of Eastern Europe Automotive Engineering Services Outlook Market By Application
11.3.2.10.2 Rest of Eastern Europe Automotive Engineering Services Outlook Market By Service
11.3.2.10.3 Rest of Eastern Europe Automotive Engineering Services Outlook Market By Location
11.3.2.10.4 Rest of Eastern Europe Automotive Engineering Services Outlook Market By Vehicle Type
11.3.3 Western Europe
11.3.3.1 Western Europe Automotive Engineering Services Outlook Market by Country
11.3.3.2 Western Europe Automotive Engineering Services Outlook Market By Application
11.3.3.3 Western Europe Automotive Engineering Services Outlook Market By Service
11.3.3.4 Western Europe Automotive Engineering Services Outlook Market By Location
11.3.3.5 Western Europe Automotive Engineering Services Outlook Market By Vehicle Type
11.3.3.6 Germany
11.3.3.6.1 Germany Automotive Engineering Services Outlook Market By Application
11.3.3.6.2 Germany Automotive Engineering Services Outlook Market By Service
11.3.3.6.3 Germany Automotive Engineering Services Outlook Market By Location
11.3.3.6.4 Germany Automotive Engineering Services Outlook Market By Vehicle Type
11.3.3.7 France
11.3.3.7.1 France Automotive Engineering Services Outlook Market By Application
11.3.3.7.2 France Automotive Engineering Services Outlook Market By Service
11.3.3.7.3 France Automotive Engineering Services Outlook Market By Location
11.3.3.7.4 France Automotive Engineering Services Outlook Market By Vehicle Type
11.3.3.8 UK
11.3.3.8.1 UK Automotive Engineering Services Outlook Market By Application
11.3.3.8.2 UK Automotive Engineering Services Outlook Market By Service
11.3.3.8.3 UK Automotive Engineering Services Outlook Market By Location
11.3.3.8.4 UK Automotive Engineering Services Outlook Market By Vehicle Type
11.3.3.9 Italy
11.3.3.9.1 Italy Automotive Engineering Services Outlook Market By Application
11.3.3.9.2 Italy Automotive Engineering Services Outlook Market By Service
11.3.3.9.3 Italy Automotive Engineering Services Outlook Market By Location
11.3.3.9.4 Italy Automotive Engineering Services Outlook Market By Vehicle Type
11.3.3.10 Spain
11.3.3.10.1 Spain Automotive Engineering Services Outlook Market By Application
11.3.3.10.2 Spain Automotive Engineering Services Outlook Market By Service
11.3.3.10.3 Spain Automotive Engineering Services Outlook Market By Location
11.3.3.10.4 Spain Automotive Engineering Services Outlook Market By Vehicle Type
11.3.3.11 Netherlands
11.3.3.11.1 Netherlands Automotive Engineering Services Outlook Market By Application
11.3.3.11.2 Netherlands Automotive Engineering Services Outlook Market By Service
11.3.3.11.3 Netherlands Automotive Engineering Services Outlook Market By Location
11.3.3.11.4 Netherlands Automotive Engineering Services Outlook Market By Vehicle Type
11.3.3.12 Switzerland
11.3.3.12.1 Switzerland Automotive Engineering Services Outlook Market By Application
11.3.3.12.2 Switzerland Automotive Engineering Services Outlook Market By Service
11.3.3.12.3 Switzerland Automotive Engineering Services Outlook Market By Location
11.3.3.12.4 Switzerland Automotive Engineering Services Outlook Market By Vehicle Type
11.3.3.13 Austria
11.3.3.13.1 Austria Automotive Engineering Services Outlook Market By Application
11.3.3.13.2 Austria Automotive Engineering Services Outlook Market By Service
11.3.3.13.3 Austria Automotive Engineering Services Outlook Market By Location
11.3.3.13.4 Austria Automotive Engineering Services Outlook Market By Vehicle Type
11.3.3.14 Rest of Western Europe
11.3.3.14.1 Rest of Western Europe Automotive Engineering Services Outlook Market By Application
11.3.3.14.2 Rest of Western Europe Automotive Engineering Services Outlook Market By Service
11.3.3.14.3 Rest of Western Europe Automotive Engineering Services Outlook Market By Location
11.3.3.14.4 Rest of Western Europe Automotive Engineering Services Outlook Market By Vehicle Type
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia-Pacific Automotive Engineering Services Outlook Market by Country
11.4.3 Asia-Pacific Automotive Engineering Services Outlook Market By Application
11.4.4 Asia-Pacific Automotive Engineering Services Outlook Market By Service
11.4.5 Asia-Pacific Automotive Engineering Services Outlook Market By Location
11.4.6 Asia-Pacific Automotive Engineering Services Outlook Market By Vehicle Type
11.4.7 China
11.4.7.1 China Automotive Engineering Services Outlook Market By Application
11.4.7.2 China Automotive Engineering Services Outlook Market By Service
11.4.7.3 China Automotive Engineering Services Outlook Market By Location
11.4.7.4 China Automotive Engineering Services Outlook Market By Vehicle Type
11.4.8 India
11.4.8.1 India Automotive Engineering Services Outlook Market By Application
11.4.8.2 India Automotive Engineering Services Outlook Market By Service
11.4.8.3 India Automotive Engineering Services Outlook Market By Location
11.4.8.4 India Automotive Engineering Services Outlook Market By Vehicle Type
11.4.9 Japan
11.4.9.1 Japan Automotive Engineering Services Outlook Market By Application
11.4.9.2 Japan Automotive Engineering Services Outlook Market By Service
11.4.9.3 Japan Automotive Engineering Services Outlook Market By Location
11.4.9.4 Japan Automotive Engineering Services Outlook Market By Vehicle Type
11.4.10 South Korea
11.4.10.1 South Korea Automotive Engineering Services Outlook Market By Application
11.4.10.2 South Korea Automotive Engineering Services Outlook Market By Service
11.4.10.3 South Korea Automotive Engineering Services Outlook Market By Location
11.4.10.4 South Korea Automotive Engineering Services Outlook Market By Vehicle Type
11.4.11 Vietnam
11.4.11.1 Vietnam Automotive Engineering Services Outlook Market By Application
11.4.11.2 Vietnam Automotive Engineering Services Outlook Market By Service
11.4.11.3 Vietnam Automotive Engineering Services Outlook Market By Location
11.4.11.4 Vietnam Automotive Engineering Services Outlook Market By Vehicle Type
11.4.12 Singapore
11.4.12.1 Singapore Automotive Engineering Services Outlook Market By Application
11.4.12.2 Singapore Automotive Engineering Services Outlook Market By Service
11.4.12.3 Singapore Automotive Engineering Services Outlook Market By Location
11.4.12.4 Singapore Automotive Engineering Services Outlook Market By Vehicle Type
11.4.13 Australia
11.4.13.1 Australia Automotive Engineering Services Outlook Market By Application
11.4.13.2 Australia Automotive Engineering Services Outlook Market By Service
11.4.13.3 Australia Automotive Engineering Services Outlook Market By Location
11.4.13.4 Australia Automotive Engineering Services Outlook Market By Vehicle Type
11.4.14 Rest of Asia-Pacific
11.4.14.1 Rest of Asia-Pacific Automotive Engineering Services Outlook Market By Application
11.4.14.2 Rest of Asia-Pacific Automotive Engineering Services Outlook Market By Service
11.4.14.3 Rest of Asia-Pacific Automotive Engineering Services Outlook Market By Location
11.4.14.4 Rest of Asia-Pacific Automotive Engineering Services Outlook Market By Vehicle Type
11.5 Middle East & Africa
11.5.1 Trend Analysis
11.5.2 Middle East
11.5.2.1 Middle East Automotive Engineering Services Outlook Market by Country
11.5.2.2 Middle East Automotive Engineering Services Outlook Market By Application
11.5.2.3 Middle East Automotive Engineering Services Outlook Market By Service
11.5.2.4 Middle East Automotive Engineering Services Outlook Market By Location
11.5.2.5 Middle East Automotive Engineering Services Outlook Market By Vehicle Type
11.5.2.6 UAE
11.5.2.6.1 UAE Automotive Engineering Services Outlook Market By Application
11.5.2.6.2 UAE Automotive Engineering Services Outlook Market By Service
11.5.2.6.3 UAE Automotive Engineering Services Outlook Market By Location
11.5.2.6.4 UAE Automotive Engineering Services Outlook Market By Vehicle Type
11.5.2.7 Egypt
11.5.2.7.1 Egypt Automotive Engineering Services Outlook Market By Application
11.5.2.7.2 Egypt Automotive Engineering Services Outlook Market By Service
11.5.2.7.3 Egypt Automotive Engineering Services Outlook Market By Location
11.5.2.7.4 Egypt Automotive Engineering Services Outlook Market By Vehicle Type
11.5.2.8 Saudi Arabia
11.5.2.8.1 Saudi Arabia Automotive Engineering Services Outlook Market By Application
11.5.2.8.2 Saudi Arabia Automotive Engineering Services Outlook Market By Service
11.5.2.8.3 Saudi Arabia Automotive Engineering Services Outlook Market By Location
11.5.2.8.4 Saudi Arabia Automotive Engineering Services Outlook Market By Vehicle Type
11.5.2.9 Qatar
11.5.2.9.1 Qatar Automotive Engineering Services Outlook Market By Application
11.5.2.9.2 Qatar Automotive Engineering Services Outlook Market By Service
11.5.2.9.3 Qatar Automotive Engineering Services Outlook Market By Location
11.5.2.9.4 Qatar Automotive Engineering Services Outlook Market By Vehicle Type
11.5.2.10 Rest of Middle East
11.5.2.10.1 Rest of Middle East Automotive Engineering Services Outlook Market By Application
11.5.2.10.2 Rest of Middle East Automotive Engineering Services Outlook Market By Service
11.5.2.10.3 Rest of Middle East Automotive Engineering Services Outlook Market By Location
11.5.2.10.4 Rest of Middle East Automotive Engineering Services Outlook Market By Vehicle Type
11.5.3 Africa
11.5.3.1 Africa Automotive Engineering Services Outlook Market by Country
11.5.3.2 Africa Automotive Engineering Services Outlook Market By Application
11.5.3.3 Africa Automotive Engineering Services Outlook Market By Service
11.5.3.4 Africa Automotive Engineering Services Outlook Market By Location
11.5.3.5 Africa Automotive Engineering Services Outlook Market By Vehicle Type
11.5.3.6 Nigeria
11.5.3.6.1 Nigeria Automotive Engineering Services Outlook Market By Application
11.5.3.6.2 Nigeria Automotive Engineering Services Outlook Market By Service
11.5.3.6.3 Nigeria Automotive Engineering Services Outlook Market By Location
11.5.3.6.4 Nigeria Automotive Engineering Services Outlook Market By Vehicle Type
11.5.3.7 South Africa
11.5.3.7.1 South Africa Automotive Engineering Services Outlook Market By Application
11.5.3.7.2 South Africa Automotive Engineering Services Outlook Market By Service
11.5.3.7.3 South Africa Automotive Engineering Services Outlook Market By Location
11.5.3.7.4 South Africa Automotive Engineering Services Outlook Market By Vehicle Type
11.5.3.8 Rest of Africa
11.5.3.8.1 Rest of Africa Automotive Engineering Services Outlook Market By Application
11.5.3.8.2 Rest of Africa Automotive Engineering Services Outlook Market By Service
11.5.3.8.3 Rest of Africa Automotive Engineering Services Outlook Market By Location
11.5.3.8.4 Rest of Africa Automotive Engineering Services Outlook Market By Vehicle Type
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America Automotive Engineering Services Outlook Market by Country
11.6.3 Latin America Automotive Engineering Services Outlook Market By Application
11.6.4 Latin America Automotive Engineering Services Outlook Market By Service
11.6.5 Latin America Automotive Engineering Services Outlook Market By Location
11.6.6 Latin America Automotive Engineering Services Outlook Market By Vehicle Type
11.6.7 Brazil
11.6.7.1 Brazil Automotive Engineering Services Outlook Market By Application
11.6.7.2 Brazil Automotive Engineering Services Outlook Market By Service
11.6.7.3 Brazil Automotive Engineering Services Outlook Market By Location
11.6.7.4 Brazil Automotive Engineering Services Outlook Market By Vehicle Type
11.6.8 Argentina
11.6.8.1 Argentina Automotive Engineering Services Outlook Market By Application
11.6.8.2 Argentina Automotive Engineering Services Outlook Market By Service
11.6.8.3 Argentina Automotive Engineering Services Outlook Market By Location
11.6.8.4 Argentina Automotive Engineering Services Outlook Market By Vehicle Type
11.6.9 Colombia
11.6.9.1 Colombia Automotive Engineering Services Outlook Market By Application
11.6.9.2 Colombia Automotive Engineering Services Outlook Market By Service
11.6.9.3 Colombia Automotive Engineering Services Outlook Market By Location
11.6.9.4 Colombia Automotive Engineering Services Outlook Market By Vehicle Type
11.6.10 Rest of Latin America
11.6.10.1 Rest of Latin America Automotive Engineering Services Outlook Market By Application
11.6.10.2 Rest of Latin America Automotive Engineering Services Outlook Market By Service
11.6.10.3 Rest of Latin America Automotive Engineering Services Outlook Market By Location
11.6.10.4 Rest of Latin America Automotive Engineering Services Outlook Market By Vehicle Type
12. Company Profiles
12.1 Alten Group
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 The SNS View
12.2 Altran
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 The SNS View
12.3 ARRK Product Development Group Ltd
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 The SNS View
12.4 ASAP Holding Gmbh
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 The SNS View
12.5 AVL List GmbH
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 The SNS View
12.6 Bertrandt AG
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 The SNS View
12.7 EDAG Group
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 The SNS View
12.8 ESG Elektroniksystem- und Logistik-GmbH
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 The SNS View
12.9 FEV Group GmbH
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 The SNS View
12.10 Others
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
By Application
Autonomous Driving/ADAS
Body & Chassis
Powertrain and After-treatment
Infotainment & Connectivity
Others
By Service
Designing
Prototyping
System Integration
Testing
Others
By Location
On-shore
Off-shore
By Vehicle Type
Passenger cars
Commercial vehicles
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Regional Coverage:
Regional Coverage
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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The Automotive Emission Test Equipment Market Size was valued at USD 772.33 Million in 2023 and is expected to reach USD 1185.07 Million by 2032 and grow at a CAGR of 4.89% over the forecast period 2024-2032.
The Automotive Active Health Monitoring System Market size was valued at USD 3.5 billion in 2023 and is expected to reach USD 18.57 billion by 2031 and grow at a CAGR of 23.2% over the forecast period 2024-2031.
The Quadricycle Market size was estimated at USD 20.38 Billion in 2023 and is expected to reach USD 35.37 Billion by 2032 at a CAGR of 6.33% during the forecast period of 2024-2032.
The Automotive Aftermarket Industry Size was valued at USD 425.25 billion in 2023 and is expected to reach USD 575.52 billion by 2031 and grow at a CAGR of 3.92% over the forecast period 2024-2031.
The Commercial Vehicle Telematics Market Size is expected to reach USD 195.86 billion by 2031 and grow at a CAGR of 14.5% by 2024-2031.
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