A new market study, titled “Global Automotive Engineering Service Providers Market Size,
Status and Forecast 2023” has been featured on Market Research Future. MRFR
emphasizes that the global market is expected to grow significantly, securing a
substantial market valuation and a healthy CAGR of 12% over the review period.
As the global automotive industry expands, the needs and
demands for engineering services are increasing, as companies have to make
vehicles for different surrounding conditions and demands. Also, the rising
concerns and emphasis on enhancing the features and safety standards the
demands for this market are rapidly rising. Engineering deals in all aspects
from mechanical to software solutions, making it an essential organ of the
automotive industry to deliver perfect products and meet the demands and rigid
regulations changing from time to time.
Apart from the uses and advantages, the global automotive engineering service providers market is struggling against the factors as its usage leads to high vehicle costs and a lack of code of behavior for the developments. This report will provide a complete detail about the market trends, growth factors, drivers & restraints, opportunities, and other primary factors followed by an in-depth analysis of the major markets around the world.
Market Breakdown
The global automotive engineering service providers market is
segmented into the following categories:
·
Based on
services, automotive engineering service providers are segmented into
engines, seating systems, heating ventilation & cooling (HVAC),
transmissions, and others.
·
Based on
applications, automotive engineering service providers market is divided
into mechanical, electrical & electronics, software, and safety.
·
Based on
types of vehicles, automotive engineering service providers market is
characterized by commercial vehicles and passenger vehicles.
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The
prominent players in the global 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), IAV Automotive Engineering, Inc. (Germany), Magna
International Inc (Canada), Imaginative Automotive Engineering Services
(India), and Contechs (UK).
Regional Classification
Automotive engineering service providers have become an essential
part of the automotive industry due to demands for advanced features, primarily
safety features that are getting stronger with time. North America, The Asia
Pacific, Europe, and the rest of the world are the major regions observed for
the global Automotive engineering service providers market. In the current era,
the Asia Pacific region is leading the market due to the fast expansion of the
automotive industry, key market players entering the region, increasing
research & development activities, high per capita incomes, and other
factors. Recently, the companies have introduced the electric vehicles in this
market and have received a positive response from the consumers, which has
encouraged the manufacturers to move in this direction, providing a necessary
boost to the market here.
Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Automotive engineering service providers Market Segmentation
- Automotive engineering service providers Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
Continued…
If you have any requirements, let know and we will customize the
report according to your need.
FOR MORE DETAILS – https://www.marketresearchfuture.com/reports/automotive-engineering-service-provider-market-7496
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