Automotive Engineering Service Providers (ESP) Market Size to Grow by USD 8381.88 Million From 2022 to 2027: A Descriptive Analysis of Customer Landscape, Vendor Assessment, & Market Dynamics – Technavio – PR Newswire

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NEW YORK, Nov. 26, 2022 /PRNewswire/ — Technavio categorizes the global automotive engineering service providers (ESP) market as a part of the research and consulting services market, the parent market. The research and consulting services market covers companies engaged in research and consulting services, including business management, accounting, engineering, legal, and sales and marketing services for a wide range of industries. The global automotive engineering service providers (ESP) market size is estimated to increase by USD 8381.88 million from 2022 to 2027. The market’s growth momentum will accelerate at a CAGR of 8.2%.

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Global Automotive Engineering Service Providers (ESP) Market – Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –
Global Automotive Engineering Service Providers (ESP) Market – Vendor Analysis
Vendor Landscape – The global automotive engineering service providers (ESP) market is fragmented due to the presence of many vendors. The market is characterized by the presence of well-diversified international and regional players. International vendors occupy a significantly large share of the global automotive ESP market. They are focusing on increasing their presence in many regions.
The competitive market environment is moderately intense. The market share of key vendors is expected to increase during the forecast period as the preference of OEMs is shifting to ESP for R&D activities. These players are focusing more on powertrains and electrical/electronics for vehicles. They are also focusing on expanding their consumer base to gain a significant share of the market.
Vendor Offerings –
Global Automotive engineering service providers (ESP) Market – Segmentation Assessment
Geography Overview
By geography, the global automotive engineering service providers (ESP) market is segmented into Europe, APAC, North America, South America, and the Middle East and Africa. The report provides actionable insights and an accurate estimation of the contribution of all regions to the growth of the global automotive engineering service providers (ESP) market.
Segment Overview
By service, the global automotive engineering service providers (ESP) market is segmented into powertrain, complete vehicle, electrical/electronics, and others.
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Global Automotive Engineering Service Providers (ESP) Market – Market Dynamics
Driver, Trend & Challenges are the factor of market dynamics which states about consequences & sustainability of the businesses, find few insights from a free sample report!
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Automotive Engineering Service Providers (ESP) Market Scope
Report Coverage
Page number
Base year
Historical year
Forecast period
Growth momentum & CAGR
Accelerate at a CAGR of 8.2%
Market growth 2023-2027
USD 8381.88 million
Market structure
YoY growth (%)
Regional analysis
Europe, APAC, North America, South America, and the Middle East and Africa
Performing market contribution
Europe at 30%
Key consumer countries
US, China, Germany, France, and UK
Competitive landscape
Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled
AKKA Technologies SE, Altair Engineering Inc., AVL List GmbH, Bertrandt AG, Capgemini Service SAS, EDAG Group, EPAM Systems Inc., FEV Group GmbH, HCL Technologies Ltd., Hitachi Ltd., IAV GmbH, KPIT Technologies Ltd., L&T Technology Services Ltd., Mahindra & Mahindra Ltd., and Onward Technologies Ltd.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service
7 Market Segmentation by Location
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
SOURCE Technavio
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