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Automotive Transmission Engineering Services Outsourcing Market Trends, Top Companies, Share, Growth And Forecast 2032
Automotive Transmission Engineering Services Outsourcing Market
Automotive Transmission Engineering Services OutsourcingMarket Size, Growth Rate, And Forecast
The global automotive transmission engineering services outsourcing market size grew from $11.72 billion in 2022 to $12.24 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive transmission engineering services outsourcing market size is expected to grow to $14.54 billion in 2027 at a CAGR of 4.4%.
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Automotive Transmission Engineering Services Outsourcing Market Drivers
The increasing production of vehicles and rising demand for hybrid vehicles will propel the growth of the automotive transmission engineering services outsourcing market during the forecast period. A hybrid automobile has two or more engines, one of which is an electric motor and the other is a traditional engine either petrol or diesel. The benefit of a hybrid car over a gasoline-powered car is leading an increase in automotive vehicles, resulting in the growth of the automotive transmission engineering services outsourcing across the globe.
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Automotive Transmission Engineering Services Outsourcing Market Segments
• By Service Type: Designing, Prototyping, Testing, System Engineering and Integration, Simulation
• By Powertrain: Conventional, Hybrid
• By Transmission Type: Automatic, Manual
• By Application: Commercial Automotive, Industrial Automotive, Passenger Automotive
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the automotive transmission engineering services outsourcing market.
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Automotive Transmission Engineering Services OutsourcingMarket Key Players
Major competitors in the automotive transmission engineering services outsourcing market include AVL GmbH, FEV GmbH, IAV GmbH, Ricardo PLC., Intertek Group PLC., Porsche Engineering, Tata Consultancy Services Limited.
The Business Research Company's "Global Automotive Transmission Engineering Services OutsourcingMarket Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Transmission Engineering Services OutsourcingMarket Include:
1. Executive Summary
2. Automotive Transmission Engineering Services Outsourcing Market Characteristics
3. Automotive Transmission Engineering Services Outsourcing Market Trends And Strategies
4. Automotive Transmission Engineering Services Outsourcing - Macro Economic Scenario
5. Automotive Transmission Engineering Services Outsourcing Market Size And Growth
……
26. Africa Automotive Transmission Engineering Services Outsourcing Market
27. Automotive Transmission Engineering Services Outsourcing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Transmission Engineering Services Outsourcing Market
29. Automotive Transmission Engineering Services Outsourcing Market Future Outlook and Potential Analysis
30. Appendix
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