Automotive Engineering Services Market Size & Forecast 2028
The global automotive engineering services market in terms of revenue was estimated to be worth $153.2 billion in 2022 and is poised to reach $243.9 billion by 2028, growing at a CAGR of 8.1% from 2022 to 2028. Automotive engineering service providers provide services such as concept/research, designing, prototyping, system integration, testing, among others to various global OEMs and component...
Automotive Engineering Services Market Size, Share, Report, Forecast 2028
The automotive engineering services market is projected to grow from an estimated USD 153.2 billion in 2022 to USD 243.9 billion by 2028, registering a CAGR of 8.1%. Factors such as growing shift to EVs and need for advanced technology for easing concerns on vehicle safety, efficient component design will drive the market for automotive engineering services in the coming years. The rapid shift...
Automotive Engineering Services Market (2021-2027)
The global Automotive Engineering Services Market is projected to grow at a CAGR of 8.8% from USD 153.3 billion in 2021 to USD 253.9 billion by 2027.
Vehicle manufacturers are increasingly focusing on the implementation of advanced technologies in vehicles. The megatrends of vehicle lightweighting, autonomous vehicles, connectivity services, and electrification of vehicles will transform the...