Product Code: IRTNTR40095
Abstract
The automotive engineering service providers (ESP) market is forecasted to grow by USD 8.68 bn during 2023-2028, accelerating at a CAGR of 8.2% during the forecast period. The report on the automotive engineering service providers (ESP) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing digitization and electrification of automobiles, rising demand for advanced vehicle connectivity solutions, and development of alternative powertrain technology.
Market Scope |
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 7.38% |
CAGR | 8.2% |
Incremental Value | $8.68bn |
Technavio's automotive engineering service providers (ESP) market is segmented as below:
By Application
By Product Type
- Powertrain
- Complete vehicle
- Electrical/electronics
- Others
By Geographical Landscape
- Europe
- APAC
- North America
- South America
- Middle East and Africa
This study identifies the development of autonomous vehicles as one of the prime reasons driving the automotive engineering service providers (ESP) market growth during the next few years. Also, fully integrated engineering data process chain for additive manufacturing and Industry 4.0 gaining traction in automotive industry will lead to sizable demand in the market.
The report on the automotive engineering service providers (ESP) market covers the following areas:
- Automotive engineering service providers (ESP) market sizing
- Automotive engineering service providers (ESP) market forecast
- Automotive engineering service providers (ESP) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive engineering service providers (ESP) market vendors that include Adecco Group AG, Altair Engineering Inc., ASM Technologies Ltd., AVL List GmbH, Belcan LLC, Bertrandt AG, Capgemini Service SAS, EDAG Group, EPAM Systems Inc., FEV Group GmbH, HCL Technologies Ltd., Hitachi Ltd., IAV GmbH, KPIT Technologies Ltd., Magna International Inc., Mahindra and Mahindra Ltd., Onward Technologies Ltd., Ricardo Plc, Contechs Group Holdings Ltd., and L and T Technology Services Ltd.. Also, the automotive engineering service providers (ESP) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary - Chart on Market Overview
- Exhibit 02: Executive Summary - Data Table on Market Overview
- Exhibit 03: Executive Summary - Chart on Global Market Characteristics
- Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
- Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary - Chart on Market Segmentation by Product Type
- Exhibit 07: Executive Summary - Chart on Incremental Growth
- Exhibit 08: Executive Summary - Data Table on Incremental Growth
- Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global automotive engineering service providers (ESP) market 2018 - 2022
- Exhibit 18: Historic Market Size - Data Table on global automotive engineering service providers (esp) market 2018 - 2022 ($ billion)
- 4.2 Application Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
- 4.3 Product Type Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size - Product Type Segment 2018 - 2022 ($ billion)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- 4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 In-house - Market size and forecast 2023-2028
- Exhibit 34: Chart on In-house - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on In-house - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on In-house - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on In-house - Year-over-year growth 2023-2028 (%)
- 6.4 Out-source - Market size and forecast 2023-2028
- Exhibit 38: Chart on Out-source - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on Out-source - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on Out-source - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Out-source - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Application
- Exhibit 42: Market opportunity by Application ($ billion)
- Exhibit 43: Data Table on Market opportunity by Application ($ billion)
7 Market Segmentation by Product Type
- 7.1 Market segments
- Exhibit 44: Chart on Product Type - Market share 2023-2028 (%)
- Exhibit 45: Data Table on Product Type - Market share 2023-2028 (%)
- 7.2 Comparison by Product Type
- Exhibit 46: Chart on Comparison by Product Type
- Exhibit 47: Data Table on Comparison by Product Type
- 7.3 Powertrain - Market size and forecast 2023-2028
- Exhibit 48: Chart on Powertrain - Market size and forecast 2023-2028 ($ billion)
- Exhibit 49: Data Table on Powertrain - Market size and forecast 2023-2028 ($ billion)
- Exhibit 50: Chart on Powertrain - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on Powertrain - Year-over-year growth 2023-2028 (%)
- 7.4 Complete vehicle - Market size and forecast 2023-2028
- Exhibit 52: Chart on Complete vehicle - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Data Table on Complete vehicle - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Chart on Complete vehicle - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Complete vehicle - Year-over-year growth 2023-2028 (%)
- 7.5 Electrical/electronics - Market size and forecast 2023-2028
- Exhibit 56: Chart on Electrical/electronics - Market size and forecast 2023-2028 ($ billion)
- Exhibit 57: Data Table on Electrical/electronics - Market size and forecast 2023-2028 ($ billion)
- Exhibit 58: Chart on Electrical/electronics - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Electrical/electronics - Year-over-year growth 2023-2028 (%)
- 7.6 Others - Market size and forecast 2023-2028
- Exhibit 60: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 61: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 62: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 63: Data Table on Others - Year-over-year growth 2023-2028 (%)
- 7.7 Market opportunity by Product Type
- Exhibit 64: Market opportunity by Product Type ($ billion)
- Exhibit 65: Data Table on Market opportunity by Product Type ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 67: Chart on Market share By Geographical Landscape 2023-2028 (%)
- Exhibit 68: Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 69: Chart on Geographic comparison
- Exhibit 70: Data Table on Geographic comparison
- 9.3 Europe - Market size and forecast 2023-2028
- Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.4 APAC - Market size and forecast 2023-2028
- Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.5 North America - Market size and forecast 2023-2028
- Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 US - Market size and forecast 2023-2028
- Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.9 Germany - Market size and forecast 2023-2028
- Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.10 China - Market size and forecast 2023-2028
- Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.11 France - Market size and forecast 2023-2028
- Exhibit 103: Chart on France - Market size and forecast 2023-2028 ($ billion)
- Exhibit 104: Data Table on France - Market size and forecast 2023-2028 ($ billion)
- Exhibit 105: Chart on France - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on France - Year-over-year growth 2023-2028 (%)
- 9.12 UK - Market size and forecast 2023-2028
- Exhibit 107: Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibit 108: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibit 109: Chart on UK - Year-over-year growth 2023-2028 (%)
- Exhibit 110: Data Table on UK - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Exhibit 111: Market opportunity By Geographical Landscape ($ billion)
- Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 113: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 115: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 116: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 117: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 118: Matrix on vendor position and classification
- 12.3 Adecco Group AG
- Exhibit 119: Adecco Group AG - Overview
- Exhibit 120: Adecco Group AG - Business segments
- Exhibit 121: Adecco Group AG - Key offerings
- Exhibit 122: Adecco Group AG - Segment focus
- 12.4 Altair Engineering Inc.
- Exhibit 123: Altair Engineering Inc. - Overview
- Exhibit 124: Altair Engineering Inc. - Business segments
- Exhibit 125: Altair Engineering Inc. - Key news
- Exhibit 126: Altair Engineering Inc. - Key offerings
- Exhibit 127: Altair Engineering Inc. - Segment focus
- 12.5 AVL List GmbH
- Exhibit 128: AVL List GmbH - Overview
- Exhibit 129: AVL List GmbH - Product / Service
- Exhibit 130: AVL List GmbH - Key offerings
- 12.6 Belcan LLC
- Exhibit 131: Belcan LLC - Overview
- Exhibit 132: Belcan LLC - Product / Service
- Exhibit 133: Belcan LLC - Key offerings
- 12.7 Bertrandt AG
- Exhibit 134: Bertrandt AG - Overview
- Exhibit 135: Bertrandt AG - Business segments
- Exhibit 136: Bertrandt AG - Key news
- Exhibit 137: Bertrandt AG - Key offerings
- Exhibit 138: Bertrandt AG - Segment focus
- 12.8 Capgemini Service SAS
- Exhibit 139: Capgemini Service SAS - Overview
- Exhibit 140: Capgemini Service SAS - Business segments
- Exhibit 141: Capgemini Service SAS - Key news
- Exhibit 142: Capgemini Service SAS - Key offerings
- Exhibit 143: Capgemini Service SAS - Segment focus
- 12.9 EDAG Group
- Exhibit 144: EDAG Group - Overview
- Exhibit 145: EDAG Group - Business segments
- Exhibit 146: EDAG Group - Key news
- Exhibit 147: EDAG Group - Key offerings
- Exhibit 148: EDAG Group - Segment focus
- 12.10 EPAM Systems Inc.
- Exhibit 149: EPAM Systems Inc. - Overview
- Exhibit 150: EPAM Systems Inc. - Business segments
- Exhibit 151: EPAM Systems Inc. - Key offerings
- Exhibit 152: EPAM Systems Inc. - Segment focus
- 12.11 FEV Group GmbH
- Exhibit 153: FEV Group GmbH - Overview
- Exhibit 154: FEV Group GmbH - Product / Service
- Exhibit 155: FEV Group GmbH - Key offerings
- 12.12 HCL Technologies Ltd.
- Exhibit 156: HCL Technologies Ltd. - Overview
- Exhibit 157: HCL Technologies Ltd. - Business segments
- Exhibit 158: HCL Technologies Ltd. - Key news
- Exhibit 159: HCL Technologies Ltd. - Key offerings
- Exhibit 160: HCL Technologies Ltd. - Segment focus
- 12.13 IAV GmbH
- Exhibit 161: IAV GmbH - Overview
- Exhibit 162: IAV GmbH - Product / Service
- Exhibit 163: IAV GmbH - Key offerings
- 12.14 L and T Technology Services Ltd.
- Exhibit 164: L and T Technology Services Ltd. - Overview
- Exhibit 165: L and T Technology Services Ltd. - Business segments
- Exhibit 166: L and T Technology Services Ltd. - Key offerings
- Exhibit 167: L and T Technology Services Ltd. - Segment focus
- 12.15 Magna International Inc.
- Exhibit 168: Magna International Inc. - Overview
- Exhibit 169: Magna International Inc. - Business segments
- Exhibit 170: Magna International Inc. - Key news
- Exhibit 171: Magna International Inc. - Key offerings
- Exhibit 172: Magna International Inc. - Segment focus
- 12.16 Mahindra and Mahindra Ltd.
- Exhibit 173: Mahindra and Mahindra Ltd. - Overview
- Exhibit 174: Mahindra and Mahindra Ltd. - Business segments
- Exhibit 175: Mahindra and Mahindra Ltd. - Key news
- Exhibit 176: Mahindra and Mahindra Ltd. - Key offerings
- Exhibit 177: Mahindra and Mahindra Ltd. - Segment focus
- 12.17 Ricardo Plc
- Exhibit 178: Ricardo Plc - Overview
- Exhibit 179: Ricardo Plc - Business segments
- Exhibit 180: Ricardo Plc - Key offerings
- Exhibit 181: Ricardo Plc - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 182: Inclusions checklist
- Exhibit 183: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 184: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 185: Research methodology
- Exhibit 186: Validation techniques employed for market sizing
- Exhibit 187: Information sources
- 13.5 List of abbreviations
- Exhibit 188: List of abbreviations