Automotive Engineering Service Provider (ESP) Market 2023-2027 with 5-year (2017-2021) historical industry size and comparison of 20 vendors and 14 countries

NEW YORK, November 3, 2022 /PRNewswire/ — The Automotive Engineering Service Provider (ESP) Market share should increases by $8381.88 million from 2022 to 2027, with an accelerated CAGR of 8.2% – according to recent Technavio market research. This report also offers a 5-year historical data projection (2017-2021) of market size, segment and region. The Annual growth rate Automotive Engineering Service Providers (ESP) market share is estimated at 7.38% of the 2023. Moreover, the market is fragmented. Our analysts conducted a internal and external supplier analysis to help businesses understand broader business environment as well as the strengths and weaknesses of key market players. Our report also provides Bargaining power of buyers and suppliers and the Threat of new entrants and rivalry varying between LOW-MODERATE during the forecast period.

titled Global Automotive Engineering Service Providers (ESP) Market 2023-2027″ data-src=”https://s.yimg.com/ny/api/res/1.2/3XzGPin3o8T6zaZuHV0brg–/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM0NA–/https://media.zenfs.com/en/prnewswire.com/0f4ee448fcd550d4981b8067e3f7ae9b” class=”caas-img”/>

Technavio has announced its latest market research report titled Global Automotive Engineering Service Providers (ESP) Market 2023-2027

Find analysis of price sensitivity, lifecycle, customer shopping basket, adoption rates, and purchase criteria prepared exclusively by Technavio Research analysts

  • One of the essential elements of customer landscape is Price sensitivity – whose analysis will help companies refine marketing strategies to gain competitive advantage.

  • Additionally, this report also provides impact of price sensitivity factors (purchases are undifferentiated, the purchase is a key cost for the buyer, and the quality is not important), which are should be between DOWN UP of 2023-2027.

  • Our report provides detailed information on the automotive engineering service provider (ESP) market customer landscapeinvolving qualitative and quantitative information.

FOR A DETAILED OVERVIEW OF THE CUSTOMER LANDSCAPE, REQUEST SAMPLE PAGES

The Automotive Engineering Service Provider (ESP) Market report also offers insights into input criticality, R&D, investment, technology, manpower, and brand of the 20 vendors listed below. below –

DOWNLOAD A SAMPLE REPORT FOR MORE ACCESS

Graph & Data Table of 5-Year Historical Market Size (2017-2021), Comparison & YoY Growth of Automotive Engineering Service Provider (ESP) Industry Segment

  • The market is segmented by Service (powertrain, complete vehicle, electrical/electronics and others) and Location (internal and outsourced).

  • By Service – The powertrain segment shows a gradual increase in demands over the course of 2023-2027.

  • OEMs are working on developing lightweight engines that can reduce the overall weight of a vehicle. This will have a positive impact on engine efficiency and, in turn, will result in improved performance and reduced fuel consumption.

  • Fuel consumption is a key parameter for OEMs and consumers. Therefore, the increased fuel economy standards across the world is driving the segment.

INTERESTED IN GETTING THE DATA?

DOWNLOAD A SAMPLE REPORT

Rising digitalization and electrification of vehicles is driving the growth of Automotive Engineering Service Provider (ESP) market in particular

Electronic systems have replaced mechanical components in many automobiles due to the need for information, reduced fuel consumption, low emissions, increased safety, driving assistance and an improved driving experience. Manufacturers incorporate advanced features to differentiate their products. Moreover, the increasing focus on ADASsuch as lane assist systems, adaptive cruise control, blind spot detection, speed assist system, electronic stability control and park assist system, will increase the volume electronic components in vehicles.

TO ACCESS THE LATEST DRIVERS, TRENDS AND CHALLENGES
INFLUENCE THE GROWTH OF THIS MARKET? REQUEST A SAMPLE REPORT

Graph & Data Table of Historic Market Size (2017-2021), Comparison & Annual Growth of 14 Countries Automotive Engineering Service Provider (ESP) Industry

  • The market is segmented by Geography in North America (The United States and Canada), Europe (Great Britain, Germany, Franceand Rest of Europe), APAC (China and India), South America (Brazil, Argentinaand Colombia), and Middle East & Africa (Saudi Arabia, South Africaand Rest of Middle East & Africa).

  • Europe should contribute 30% market growth by 2027. The market growth of Europe is attributed to factors such as presence of the world’s leading car manufacturers, such as Volkswagen AG (Volkswagen), Mercedes-Benz AG (Mercedes-Benz), BMW AG (BMW) and AB Volvo (Volvo). countries such as Germany, France, Spain, and UK will be the major contributors to the market growth in the region. The development of autonomous vehicles and the growing interest in connected cars in Europe encourage ESP suppliers to design and develop engineered solutions. Hence, the business prospects for ESP vendors will increase in the region over the forecast period.

  • The Automotive Engineering Service Provider (ESP) Market Growth Decreased in 2020 & 2021 due to the COVID-19 outbreak, as governments of various countries have imposed lockdowns. However, in 2021, government initiatives, such as large-scale vaccination campaigns, led to an easing of lockdown restrictions and the resumption of business activities. In addition, governments have started to focus on boosting industrial growth to improve vehicle sales and production in Europe From 2022. These factors will increase the demand for automotive ESP which, in turn, will fuel the market growth in the region during the forecast period.

FOR MORE INFORMATION ON THE MARKET SHARE OF DIFFERENT REGIONS, VIEW PDF
SAMPLE NOW!

Related Reports –

Automotive Electronic Compressor Market by Application and Geography – Forecast and Geography 2022-2026 – The market share should increases by $7.45 billion from 2021 to 2026. Additionally, this report broadly covers market segmentation by application (passenger cars and commercial vehicles) and geographical (APAC, North America, Europe, South Americaand Middle East and Africa). For more exclusive research information: SEE REPORT SUMMARY FOR MORE

Automotive Timing Belt Market by End User, Vehicle Type and Geography – Forecast and Analysis 2022-2026 – Market share is expected to grow by $37.62 million from 2021 to 2026, and market growth momentum accelerating at a CAGR of 3.4%. The improvement of the aftermarket segment is one of the key drivers for market growth. For more exclusive research information: SEE REPORT SUMMARY FOR MORE

Automotive Engineering Service Provider (ESP) Market Scope

Report cover

Details

Page number

120

Year of reference

2022

Historical year

2017-2021

Forecast period

2023-2027

Growth momentum and CAGR

Accelerate at a CAGR of 8.2%

Market Growth 2023-2027

$8381.88 million

Market structure

Fragmented

Annual growth (%)

7.38

Regional analysis

Europe, APAC, North America, South America, Middle East and Africa

Successful market contribution

Europe at 30%

Main consumer countries

United States, China, Germany, France and United Kingdom

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled Key Companies

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., Onward Technologies Ltd., Ricardo Plc, ASM Technologies Ltd., Belcan LLC, Contechs Holdings Ltd. and Magna International Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, and Market Conditions Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Browse Consumer Discretionary Market reports

Contents

1. Summary

2 Market landscape

3 Market sizing

4 Historical 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 Supplier landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Global Tampons Market 2022-2026 (PRNewsfoto/Technavio)

Global Tampons Market 2022-2026 (PRNewsfoto/Technavio)

Quote

Quote

Show original content to download multimedia:https://www.prnewswire.com/news-releases/automotive-engineering-service-providers-esp-market-2023-2027-along-with-5-year-historic-2017-2021-industry-size–comparison -over-20-suppliers-and-14-countries-301666150.html

SOURCETechnavio

Comments are closed.