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Automotive Industry Consulting Services Market Share

Report ID: GMI9907
Published Date: Jun 2024
Report Format: PDF

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Automotive Industry Consulting Services Market Share

McKinsey & Co. and PwC dominate the market with around 4% market share. McKinsey & Company provides strategic advice and thought leadership to address the sector's evolving challenges and opportunities. It is involved in areas, such as electric vehicle adoption, digital transformation, and market strategy, highlighting its impact on shaping the future of the automotive industry. The company’s insights are highly valued in the industry due to its extensive research capabilities and global presence.

PwC offers strategic advice and practical solutions to address the sector's evolving challenges. It offers consulting services to help automakers navigate technological disruptions and develop future-proof strategies. The company also helps automakers understand changing consumer demands and develop new business models such as car-sharing and subscription services. It offers guidance on navigating environmental regulations and ensuring compliance across global markets.

Automotive Industry Consulting Services Market Companies

Major players operating in the automotive industry consulting services industry are:

Accenture
BAIN & Company
BCG
Deloitte
EY
KPMG
L.E.K. Consulting
McKinsey & Co.
PwC

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive industry consulting services reached USD 31.9 billion in 2023 and is set to witness over 5% CAGR between 2024 and 2032, owing to sustainability and the rise in green initiatives to adapt to environmental changes.

The large enterprises segment is expected to generate over USD 32 billion by 2032, backed by the focus on comprehensive digital transformation to streamline operations, enhance efficiency, and remain competitive.

Asia Pacific market held over 42% share in 2023, attributed to the regulatory scrutiny around emissions, safety, environmental, social, and governance criteria.

Accenture, BAIN & Company, BCG, Deloitte, EY, KPMG, L.E.K. Consulting, McKinsey & Co., and PwC