The latest Automotive Engineering Services Outsourcing Market Research Report published by Value Market Research gives in-depth analysis to show industry trends in the upcoming years.Furthermore, this report covers regional analysis comprising the segments, market size, trends, growth along with top players with their market share and strategic development.
The broad automotive engineering services outsourcing (ESO) market has been sub-grouped into application and location. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
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By Application
- Designing
- Prototyping
- System Integration
- Testing
By Location
- On-Shore
- Off-Shore
The report also covers a detailed competitive landscape including company profiles of key players operating in the global market. The key players in the automotive engineering services outsourcing (ESO) market includes Alten SA, Altran Technologies Limited, AVL, ESG Elektroniksystem- und Logistik-GmbH, ITK Engineering GmbH, M Plan GmbH, and P3 Automotive GmbH. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for automotive engineering services outsourcing (ESO) in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on the demand for individual application segments in all the regions.
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Automotive Transmission Engineering Services Outsourcing Market by Service Type (Designing, Prototyping, Testing, and System Engineering & Integration), Transmission Type (Automatic and Manual), Powertrain (Conventional and Hybrid), and by Region - Global Forecast to 2021, the global automotive transmission engineering services outsourcing market is estimated to be USD 9.81 Billion in 2016, and is projected to grow at a CAGR of 5.66% during the forecast period.
The base year for the study is 2015, and the forecast period is 2016 to 2021.Download our free PDF Brochure and gain crucial industry insights that will help your business grow:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=203330367Designing to be the largest market, by service typeThe designing services segment is estimated to constitute the largest market, owing to the increasing demand for fuel-efficient vehicles and rising demand for better transmission among consumers.
Designing is the longest and most crucial phase in transmission development, and automotive OEMs are continuously developing new kinds of automotive transmission to adapt to changing consumer behavior.
Given the new government regulations related to emission norms and subsidies and tax rebates on hybrid cars, OEMs are also attempting to design advanced transmission that can meet these norms and adapt to the changing buying patterns of customers.Request for free Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=203330367Asia-Pacific to be the largest marketAsia-Pacific is projected to be the largest market for the outsourcing of transmission engineering services by 2021, due to the presence of growing economies such as China and India.
The sizeable populations in these counties has led to a rising demand for more advanced passenger cars in terms of smooth gear shifting; this would compel automotive OEMs to conduct more research on transmission.
The availability of low-cost labor, coupled with the increasing demand for hybrid vehicles, is set to drive the market for the outsourcing of transmission engineering services in this region.Request for sample:https://www.marketsandmarkets.com/requestsampleNew.asp?id=203330367Major market players, such as AVL (Austria), Ricardo Plc (U.K.), FEV GmbH (Germany), and IAV GmbH (Germany), have established R centers in this region to cater to the growing demand for transmission engineering services.About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
The global Automotive Engineering Services Outsourcing Market size is projected to touch USD 469.6 billion by the end of 2027, as per a new report released by Million Insights.
The market is predicted to register a CAGR of over 27% over the forecast duration.
Increasing collaboration between ESPs and OEMs for leveraging innovative technologies to ensure enhancement, safety and autonomous driving are driving the market growth.
In addition, stringent rules pertaining to reduction of vehicular emission is estimated to bode well for the growth of the market.
Key Players:Bertrandt, Altran Technologies S.A, AVL List GmbH, Alten GmbH and HORIBA, Ltd Request free sample to get a complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/global-automotive-engineering-services-outsourcing-market/request-sample Market Synopsis of Automotive Engineering Services Outsourcing Market: Technical advancements such as shared mobility, electrification and self-driving have changed the dynamics of automotive in the recent past.
In addition, the introduction of various software-based solutions such as ADAS, in-vehicle infotainment, connectivity and powertrain engineering is estimated to offer a lucrative opportunity for the market players.
The Automotive Transmission Engineering Services Outsourcing Market has developed swiftly in recent years and has made a significant contribution to the global financial situation in terms of growth rate, market share, and sales generation.
The report titled Automotive Transmission Engineering Services Outsourcing Market Report is an analytical study that presents a comprehensive explanation of the industry along with information on significant aspects of the market.
This covers market demands, major market players, profitable trading tactics, and a futuristic outlook.The research report has incorporated the analysis of different factors that augment the market’s growth.
It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner.
This section also provides the scope of different segments and applications that can potentially influence the market in the future.Global automotive transmission engineering services outsourcing market is expected to reach USD 17.86 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026.
Rising demand for hybrid vehicles is the major factor for the growth of this market.Get Sample PDF (including COVID19 Impact Analysis) of Market Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-automotive-transmission-engineering-services-outsourcing-marketMarket Drivers and Restraints:Rising awareness related to environment due to increasing pollution is driving the growth of this marketIncreasing prevalence for hybrid vehicles is driving the market growthGrowing R capabilities to develop environment friendly will also drive the marketRising government support for eco- friendly vehicles is also accelerating the marketHigh price of these vehicles is restraining the growth of this marketHigh expenses related to the research and development is another factor restraining the market growthUnavailability of hybrid vehicles in many countries will also limit the market growthKey Players: Global Automotive Transmission Engineering Services Outsourcing MarketAVL, Ricardo, Magna International Inc, IAV, HORIBA, Ltd, Intertek Group plc, Magneti Marelli S.p.A., Dr. Ing.
