Global Automotive Engineering Services Market is estimated to be valued at US$ 132.12 Bn in 2025 and is expected to reach US$ 260.76 Bn by 2032, growing at a compound annual growth rate (CAGR) of 10.20% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
US$ 132.12 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
10.20%
2032 Value Projection:
US$ 260.76 Bn
Figure. Automotive Engineering Services Market Share (%), By Region 2025
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 (US$ Billion) 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
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Global Automotive Engineering Services Market, By Vehicle Type
Global Automotive Engineering Services Market, By Service Type
Global Automotive Engineering Services Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends
4. Global Automotive Engineering Services Market, By Vehicle Type, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Passenger Vehicles
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Commercial Vehicles
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Global Automotive Engineering Services Market, By Service Type, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Designing
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Prototyping
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Testing
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
System Integration
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
6. Global Automotive Engineering Services Market, By Region, 2020 - 2032, Value (USD Bn)