Automotive engineering

Insights on Outsourcing Automotive Engineering Services

Dublin, January 15, 2021 (GLOBE NEWSWIRE) – The report “Global Automotive Engineering Services Outsourcing Market Analysis 2020” has been added to ResearchAndMarkets.com offer.

The global automotive engineering services outsourcing market is expected to reach $ 324.78 billion by 2026, with a CAGR of 25.7% from 2019 to 2026. Automotive engineering is also known as automotive engineering is a combination of mechanical, electrical and materials science. Outsourcing of automotive engineering services is concerned with the design, development, production and safety testing of vehicles, including cars, trucks, motorcycles, scooters and others. The field of automotive engineering is research oriented and involves the direct use of models and mathematical formulas. Outsourcing supports a variety of capabilities, such as designing parts for a vehicle, working with a company’s supply chain, and developing after-sales support for engineering.

Factors such as increasing demand for fuel efficient vehicles, availability of skilled labor at low cost, progressively strict government regulations, increasing collaborative activities between original equipment manufacturers (OEMs) ) and Engineering Service Providers (ESPs) are fueling market growth. However, the high costs associated with engineering services are likely to constrain the market.

By application, the body and chassis segment is expected to grow at a significant rate during the forecast period, owing to the strong preference for lightweight chassis which results in lower fuel emissions. Additionally, automakers are emphasizing meeting low emission standards, which in turn drives growth in this segment. In addition, the growing attention to safety features in vehicles is driving demand for the body and chassis segment. In addition, the growing emphasis on the safety of the vehicle structure is expected to fuel the demand for chassis systems over the next seven years.

The main suppliers mentioned are Alten GmbH, Bertrandt AG, P3 Automotive GmbH, EDAG Engineering GmbH, Gigatronik, IAV GmbH, Altair Engineering Inc., HORIBA Ltd, RLE International Group, Altran Technologies SA, FEV Group, Infosys Ltd, Intertek Group plc, Magna International Inc., Ricardo Plc and Magneti Marelli SpA

Places covered:

Covered services:

  • Design
  • Integration system
  • Prototyping
  • Test
  • Bodywork rental

Types of vehicles covered:

  • Passenger vehicles
  • Commercial vehicles

Applications covered:

  • Powertrain and aftertreatment
  • Autonomous driving / ADAS
  • Infotainment and connectivity
  • Body and chassis

Types of propulsion covered:

  • Electric vehicles
  • Hybrid vehicles
  • Internal combustion engine (IC) vehicles

End users covered:

  • Component suppliers
  • Original Equipment Manufacturers (OEM)

Regions covered:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East and Africa

Key questions addressed in this report:

  • How this market has evolved since 2018
  • Market size estimates, forecasts and CAGR for all segments presented in the scope
  • Key market developments and financial data of the main players
  • Analysis of opportunities for new entrants
  • SWOT analysis of the main players
  • Fastest Growing Markets Analyzed During Forecast Period

Main topics covered:

1 Market synopsis

2 Research overview
2.1 Research overview
2.2 Research methodology
2.3 Research sources
2.3.1 Primary research sources
2.3.2 Secondary research sources

3 Market dynamics
3.1 Drivers
3.2 Constraints

4 Market environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive Rivalry

5 Global Automotive Engineering Services Outsourcing Market, By Location
5.1 Presentation
5.2 Off-shore
5.3 Ashore

6 Global Automotive Engineering Services Outsourcing Market, By Department
6.1 Presentation
6.2 Design
6.3 System integration
6.4 Prototyping
6.5 Tests
6.6 Bodywork rental

7 Global Automotive Engineering Services Outsourcing Market, By Vehicle Type
7.1 Presentation
7.2 Passenger vehicles
7.3 Commercial vehicles

8 Global Automotive Engineering Services Outsourcing Market, By Application
8.1 Presentation
8.2 Powertrain and aftertreatment
8.3 Autonomous driving / ADAS
8.4 Infotainment and connectivity
8.5 Bodywork and chassis

9 Global Automotive Engineering Services Outsourcing Market, By Propulsion Type
9.1 Presentation
9.2 Electric vehicles
9.3 Hybrid vehicles
9.4 Vehicles with internal combustion engine (IC)

10 Global Automotive Engineering Services Outsourcing Market, By End User
10.1 Presentation
10.2 Component suppliers
10.3 Original Equipment Manufacturers (OEMs)

11 Global Automotive Engineering Services Outsourcing Market, By Geography
11.1 Presentation
11.2 North America
11.3 Europe
11.4 Asia-Pacific
11.5 South America
11.6 Middle East and Africa

12 Strategic benchmarking

13 Supplier landscape
13.1 Alten GmbH
13.2 Bertrandt SA
13.3 P3 Automotive GmbH
13.4 EDAG Engineering GmbH
13.5 Gigatronik
13.6 IAV GmbH
13.7 Altair Engineering Inc.
13.8 HORIBA SA
13.9 RLE International Group
13.10 Altran Technologies SA
13.11 FEV Group
13.12 Infosys SA
13.13 Intertek group plc
13.14 Magna International Inc.
13.15 Ricardo Plc
13.16 Magneti Marelli SpA

For more information on this report, visit https://www.researchandmarkets.com/r/swbcyl

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