AUTOMOTIVE ENGINEERING SERVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025-2032)

The Global Automotive Engineering Services Market is expected to be valued at USD 132.12 Bn in 2025 and reach USD 260.76 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 10.2% from 2025 to 2032. Automotive engineering services refer to the design, development, testing, and manufacturing of vehicles including cars, buses, trucks, and other modes of transportation. The increasing worldwide demand for passenger cars and commercial vehicles has driven the growth of the automotive engineering services industry in recent years. Factors, such as rising disposable incomes, growing emphasis on vehicle performance and fuel efficiency, stringent emission norms, and rapid technological advancements, are propelling the demand for engineering design and consulting services from automotive OEMs and component manufacturers. The global automotive engineering services market is expected to grow significantly over the forecast period owing to the digital transformation of the automotive industry, increasing adoption of connected and autonomous vehicles, and rising electrification of vehicles.

Market Dynamics

The global automotive engineering services market growth is driven by factors such as rising vehicle production, growing demand for outsourcing of R&D activities, and stringent emission regulations. Increasing investments by OEMs in developing autonomous, connected, and electric vehicles using advanced technologies, such as AI, IoT, and cloud computing, are further fueling market growth. However, high costs associated with the design and development of connected vehicle technologies and shortage of skilled workforce are restraining the market expansion. Growing engineering capabilities in emerging economies provide lucrative opportunities for market players. Automotive companies are collaborating with engineering service providers to cope up with frequent technology disruptions in the industry.

Key Features of the Study

• This report provides an in-depth analysis of the global automotive engineering services market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global automotive engineering services market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Harman International, FEV Group, L&T Technology Services Ltd., Robert Bosch GmbH, Continental AG, Bertrandt AG, Capgemini Engineering, AVL, EDAG Engineering GmbH, IAV GmbH, Tech Mahindra, HCL Technologies, Onward Technologies, Tata Consultancy Services (TCS), and Ansys.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global automotive engineering services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive engineering services market.

Market Segmentation

•  Vehicle Type Insights (Revenue, USD Bn, 2020-2032)
  • Passenger Vehicles
  • Commercial Vehicles
•  Service Type Insights (Revenue, USD Bn, 2020-2032)
  • Designing
  • Prototyping
  • Testing
  • System Integration
• Regional Insights (Revenue, USD Bn, 2020-2032)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Harman International
  • FEV Group
  • L&T Technology Services Ltd.
  • Robert Bosch GmbH
  • Continental AG
  • Bertrandt AG
  • Capgemini Engineering
  • AVL
  • EDAG Engineering GmbH
  • IAV GmbH
  • Tech Mahindra
  • HCL Technologies
  • Onward Technologies
  • Tata Consultancy Services (TCS)
  • Ansys