Press release
Automotive Transmission Engineering Services Outsourcing Market Growth, Trends, Size, Share, Forecast to 2034
Automotive Transmission Engineering Services Outsourcing Market
Predicting Impressive Growth in Automotive Transmission Engineering Services Outsourcing Market by 2029
What Is The Projected Market Size Of The Global Automotive Transmission Engineering Services Outsourcing Market And Its Growth Rate?
• The automotive transmission engineering services outsourcing market size was at $12.64 billion in 2024.
• The market size is expected to grow to $13.17 billion in 2025, with a CAGR of 4.2%.
• Growth factors include globalization of the automotive industry, demand for fuel-efficient vehicles, and focus on core competencies by automotive companies.
• The future market size is projected to increase to $16.41 billion in 2029, with a CAGR of 5.7%.
• This future growth can be attributed to increasing demand for hybrid and electric vehicles, ADAS systems, and advanced materials in automotive manufacturing.
What Is Driving The Growth In The Automotive Transmission Engineering Services Outsourcing Market?
The increasing production of hybrid vehicles is a key factor driving the growth in the automotive transmission engineering services outsourcing market. Hybrid vehicles, which offer benefits over traditional gasoline-powered vehicles, have seen increasing demand. For instance, in January 2023, the US Department of Energy reported an increase in the sale of new plug-in electric vehicles, exceeding 7% for the first time. These eco-friendly vehicles have spurred the growth of the automotive transmission engineering services outsourcing market.
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Who Are the Key Players Driving Automotive Transmission Engineering Services Outsourcing Market Growth?
• AVL List GmbH
• FEV Group GmbH
• IAV GmbH
• Ricardo plc
• Intertek Group plc
• Bertrandt AG
• EDAG Engineering GmbH
• Tata Consultancy Services Limited
• Marelli Europe SpA
• Horiba Ltd.
What Are The Key Trends In The Automotive Transmission Engineering Services Outsourcing Market?
• Advancements in transmission technology
• Outsourcing of transmission software development
• Collaboration between automotive manufacturers and engineering service providers
• Adoption of digital twin technology in transmission engineering services
• Shift towards virtual testing and simulation in transmission design
What Are The Segments Of The Global Automotive Transmission Engineering Services Outsourcing Market?
1) By Service Type: Designing, Prototyping, Testing, System Engineering And Integration, Simulation
2) By Powertrain: Conventional, Hybrid
3) By Transmission Type: Automatic, Manual
4) By Application: Commercial Automotive, Industrial Automotive, Passenger Automotive
Which Region Leads The Automotive Transmission Engineering Services Outsourcing Market?
Asia-Pacific was the largest region in the automotive transmission engineering services outsourcing market in 2024. Other regions covered in the market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Automotive Transmission Engineering Services Outsourcing Market Global Market Report?
- Market Size Analysis: Analyze the Automotive Transmission Engineering Services Outsourcing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Transmission Engineering Services Outsourcing 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 Transmission Engineering Services Outsourcing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Transmission Engineering Services Outsourcing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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