Press release
Key Influencer in the Automotive Transmission Engineering Services Outsourcing Market 2025: Rising Hybrid Car Demand Boost Automotive Transmission Engineering Services Outsourcing Market Driver
Automotive Transmission Engineering Services Outsourcing Market Trends
The growth of the automotive transmission engineering services outsourcing market is expected to be driven by the escalating production of hybrid vehicles within the forecasted timeline. A hybrid vehicle is equipped with two or more motors - an electric one, along with a traditional engine that can either run on petrol or diesel. This advantage of hybrid vehicles over conventional gasoline-run automobiles is leading to an increase in their demand, thereby fostering the market growth globally. For example, a report published by the US Department of Energy, a US-based nuclear infrastructure and energy policy management agency, stated that the sales of new plug-in electric vehicles (PEVs), encompassing all-electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), reached a record high of 7.4% in January 2023, surpassing the 7% mark for the first time in September 2022, with 1.2% accounting for PHEVs. The surge in demand for hybrid vehicles, owing to their eco-friendly nature, is in turn propelling the automotive transmission engineering services outsourcing market.
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What Is the projected market size and growth rate for the automotive transmission engineering services outsourcing market?
The market for outsourced automotive transmission engineering services has been demonstrating steady growth over the recent years. The market value is projected to escalate from $12.64 billion in 2024 to $13.17 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.2%. Factors such as the global reach of the automotive industry, the need for cost-efficient engineering solutions, complexity inherent in contemporary transmission systems, emphasis on core proficiency by automotive entities, and a growing demand for fuel-efficient vehicles have contributed to growth during the historic period.
A strong expansion is predicted in the coming years for the automotive transmission engineering services outsourcing market, with its value set to reach $16.41 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.7%. This growth prediction for the forecast period can be linked to the rising demand for hybrid and electric vehicles, an increased need for advanced driver assistance systems (ADAS), a surge in interest for connected cars and autonomous vehicles, an intensified concentration on carbon emissions reduction, and a growing need for innovative materials in automotive manufacture. Predicted trends for this forecast include advancements in transmission technology, transmission software development outsourcing, collaborations between car manufacturers and engineering service providers, the utilization of digital twin technology in transmission engineering services, and a shift to virtual testing and simulation in transmission design.
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What new trends are reshaping the automotive transmission engineering services outsourcing market and its opportunities?
Leading firms in the automotive transmission engineering services outsourcing sector are embracing a collaborative strategy to offer propulsion solutions. This tactic involves companies utilizing each other's assets and expertise to reciprocally prosper. For example, Allison Transmission, an American firm known for its creation and distribution of transmission and hybrid propulsion systems, formed a strategic alliance with BAE Systems Hägglunds, a Swedish organization responsible for developing and improving vehicle systems, in July 2024. This recent union demonstrates the enduring partnership between the two entities. It creates a growth opportunity for Allison in its Defense end market, with an array of projects projected to bring another $100 million in annual revenue.
What major market segments define the scope and growth of the automotive transmission engineering services outsourcing market?
The automotive transmission engineering services outsourcing market covered in this report is segmented -
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
Subsegments:
1) By Designing: Transmission System Design, Gear Design, Component Design, CAD Modeling And Simulation
2) By Prototyping: Prototype Development, Rapid Prototyping, Functional Prototyping, Prototype Testing
3) By Testing: Performance Testing, Durability Testing, Noise, Vibration, And Harshness (NVH) Testing, Reliability Testing
4) By System Engineering And Integration: Requirements Analysis, System Architecture Development, Integration Of Transmission Systems, Software And Hardware Integration
5) By Simulation: Multi-Body Dynamics Simulation, Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Virtual Prototyping And Testing
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Which region dominates the automotive transmission engineering services outsourcing market?
Asia-Pacific was the largest region in the automotive transmission engineering services outsourcing market share in 2024. The regions covered in the automotive transmission engineering services outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the automotive transmission engineering services outsourcing industry growth?
Major companies operating in the automotive transmission engineering services outsourcing market include 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., Porsche Engineering Group GmbH, Alten SA, P3 Automotive GmbH, Altair Engineering Inc., RLE International Group, ASAP Holding GmbH, Kistler Holding AG, M Plan GmbH, P+Z Engineering GmbH, Magna International Inc., Robert Bosch GmbH, Akka Technologies India Private Limited, ESG Group Pty Ltd., ITK Engineering GmbH, ZF Friedrichshafen AG, Jatco Ltd., Aisin Seiki Co. Ltd., Infosys Limited, Wipro Limited, HCL Technologies Limited, Tech Mahindra Limited, Capgemini SE
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What Is Covered In The Automotive Transmission Engineering Services Outsourcing Global Market Report?
•Market Size Forecast: Examine the automotive transmission engineering services outsourcing market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive transmission engineering services outsourcing market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive transmission engineering services outsourcing market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive transmission engineering services outsourcing market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive transmission engineering services outsourcing market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive transmission engineering services outsourcing market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive transmission engineering services outsourcing market.
•Competitive Landscape: Review strategic developments in the automotive transmission engineering services outsourcing market, including expansions, agreements, and new product launches.
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