Press release
Automotive Engineering Services Market Global Report 2025: Trends, Growth Drivers, and Forecast (2025-2034)
Automotive Engineering Services Market
An insight into the stunning growth of the automotive engineering services market, fuelled by tech innovations, the push for eco-friendly alternatives, and emerging market opportunities.
What Is The Projected Market Size Of The Global Automotive Engineering Services Market And Its Growth Rate?
The automotive engineering services market has experienced an impressive expansion recently. Key statistics include:
• Market size in 2024: $266.62 billion
• Market size in 2025: $294.7 billion (10.5% CAGR)
• Projected market size in 2029: $439.65 billion (10.5% CAGR)
The historic growth can be attributed to factors such as the globalization of the automotive industry, increased complexity of vehicle systems, and a focus on fuel efficiency and emissions reduction. The forecasted growth is tied to trends like the rise of electric and autonomous vehicles, increased connectivity, and emphasis on sustainability.
What Is Driving The Growth In The Automotive Engineering Services Market ?
The demand for emission-less transportation is pushing the automotive engineering services market into higher gears. With fossil fuels contributing to climate change, there is a growing need for cleaner modes of transport such as electric vehicles. The UK alone is planning for 80% of new cars and 70% of new vans sold to be zero emission by 2030, and 100% by 2035. This commitment, coupled with increased awareness of emission-less transportation, is driving the automotive engineering services market forward.
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Who Are the Key Players Driving Automotive Engineering Services Market Growth?
The automotive engineering services market features various major players:
• Capgemini SE
• IAV GmbH
• Tech Mahindra Limited
• AKKA Technologies Group
• Bertrandt AG
• Harman International Industries Inc.
• ALTEN Cresttek Engineering Solutions Pvt Ltd.
What Are The Key Trends In The Automotive Engineering Services Market ?
Key trends in the market include:
• Use of advanced technology in design and manufacturing
• Embrace of digital twin technology for simulation and testing
• Collaboration for R&D in autonomous driving
• Increasing focus on cybersecurity in automotive engineering
• Rising use of artificial intelligence in design optimization
What Are The Segments Of The Global Automotive Engineering Services Market ?
The report covers various segments of the market:
• By Vehicle Type: Passenger Cars, Commercial Vehicles
• By Service Type: Concept/Research, Designing, Prototyping, System Integration, Testing
• By Location Type: On-Shore, Off-Shore
• By Application: Electrical, Electronics and Body Controls, ADAS and Safety, and more
Which Region Leads The Automotive Engineering Services Market ?
Asia-Pacific was the largest region in the automotive engineering services market in 2024. Other regions covered in this report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Automotive Engineering Services Market Global Market Report?
- Market Size Analysis: Analyze the Automotive Engineering Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Engineering Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Engineering Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Engineering Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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