Market Highlights
An automotive engineeringsolution provides end-to-end technology support for the design, development,manufacturing, and supply chain management of smarter vehicles. Furthermore,the engineering solution provider offers design and engineering capabilitiesfor multiple vehicle components, along with software and hardware developmentof different vehicle electronics systems such as infotainment and diagnosticdevices.
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The increasing demand forconnected vehicles, increasing concern over driver and vehicle safety, growingdemand for environment friendly vehicles, and the increasing adoption ofEngineering Service Provider in passenger and commercial vehicles fromdeveloping countries like Africa, China and India are considered as the keydriving factors for the growth of this market.
The increasing uses ofengineering service provider component in automobiles and increasing productionof electric vehicle from countries such as China, Germany, Norway, and Japandrive the growth of automotive engineering service provider market. Inaddition, the support from governments of various countries for the setup ofengineering service provider infrastructure for electric vehicles and changinglifestyle are set to accelerate the growth of this market during the studyperiod.
Market Research Analysis
In terms of region, the globalmarket for the Automotive Engineering Service Provider is segmented into NorthAmerica, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacificregion is estimated to hold the largest market share during the forecast periodowing to growing production of automobiles from China, India, Kores, andJapan. Moreover, growing population and rising purchasing power of people areexpected to boost the demand for AutomotiveEngineering Service Provider market in this region. Furthermore, thegrowing industrilization and infrastructure development across the regionaccelerate the growth of this market.
Europe is estimated to grow at asignificant rate in Automotive Engineering Service Provider market duringforecast period owing to the presence of key playes such as Continental AG(Germany), AVL LIST GmbH (Germany), and Robert Bosch GmbH (Germany) arecontributing in the growth of this market.
Scope of the Report
This study provides an overviewof the global Automotive Engineering Service Provider market, tracking fourmarket segments across four geographic regions. The report studies key players,providing a five-year annual trend analysis that highlights market size,volume, and share for North America, Europe, Asia-Pacific, and the Rest of theWorld. The report also provides a forecast, focusing on the marketopportunities for the next five years for each region. The scope of the studysegments the global Automotive Engineering Service Provider market by service,application, vehicle type, and region.
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By Service
Engine
Chassis
Transmission
Car and BIW
Seating Systems
Cooling and HVAC
Interior and Exterior Trims
Others
By Application
Mechanical
Electrical & Electronics
Software
Safety
By Vehicle Type
Passenger Car
Commercial Vehicle
Two-wheeler
By Regions
North America
Asia-Pacific
Europe
Rest of the World
Key Players
The prominent players in theglobal automotive Engineering Service Provider market include Continental AG(Germany), AVL LIST GmbH (Germany), Robert Bosch GmbH (Germany), Bertrandt(Germany), HARMAN International (USA), EDAG Engineering GmbH (Germany), IAVAutomotive Engineering, Inc. (Germany), Magna International Inc (Canada),Imaginative Automotive Engineering Services (India), and Contechs (UK).
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About Market Research Future:
Market Research Future (MRFR) isa global market research firm that takes great pleasure in its services,providing a detailed and reliable study of diverse industries and consumersworldwide. MRFR's methodology integrates proprietary information with differentdata sources to provide the client with a comprehensive understanding of thecurrent key trends, upcoming events, and the steps to be taken based on thoseaspects.
Our rapidly expanding marketresearch company is assisted by a competent team of research analysts whoprovide useful analytics and data on technological and economic developments.Our deemed analysts make industrial visits and collect valuable informationfrom influential market players. Our main goal is to keep our clients informedof new opportunities and challenges in various markets. We offer step-by-stepassistance to our valued clients through strategic and consulting services toreach managerial and actionable decisions.
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