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Automotive Engineering Services Outsourcing Market Share

Report ID: GMI9662
Published Date: May 2024
Report Format: PDF

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Automotive Engineering Services Outsourcing Market Share

AKKA Technologies, AVL, and FEV dominate automotive engineering service outsourcing (ESO) industry holding market share over 10%. They focus on strong partnerships and collaborations with automotive manufacturers, suppliers, and technology providers to expand their service offerings geographically. These companies invest heavily in R&D to pioneer emerging technologies such as electric vehicles, autonomous driving, and third-party connected vehicle solutions.

In addition, companies use mergers and acquisitions to develop complementary capabilities and expand their markets. Finally, an emphasis is placed on customer centricity by providing customized solutions, fostering long-term relationships, and providing excellent customer service to maintain availability and a competitive edge. Together, these strategies enable players in the automotive ESO industry to strengthen their positions and foster sustainable growth.

Automotive Engineering Services Outsourcing Market Companies

Major players operating in the automotive engineering services outsourcing industry are:

AKKA Technologies
Altair Engineering Inc.
Alten Group
Altran Technologies
ARRK Product Development Group
ASAP Holding GmbH
AVL List GmbH
Bertrandt AG
Capgemini SE

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive engineering services outsourcing reached USD 59.1 billion in 2023 and is set to witness 6% CAGR between 2024 and 2032, due to the growing focus on cost efficiency and rising emphasis on accessing specialized expertise and services.

The onshore segment is expected to cross USD 53 billion by 2032, owing to the rising collaboration and communication between client and service provider and highly skilled technical expertise.

Asia Pacific market held over 33% share in 2023, attributed to an abundance of highly skilled engineers, offering cost-effective solutions without compromising quality and increasing technological innovation and adoption.

AKKA Technologies, Altair Engineering Inc., Alten Group, Altran Technologies, ARRK Product Development Group, ASAP Holding GmbH, AVL List GmbH, Bertrandt AG and Capgemini SE.