Global Automotive Transmission Engineering Services Outsourcing Market, Size, Trends, and Growth Opportunity, By Transmission, (Manual, Automatic), By Services (Designing, Prototyping, Testing, Engineering & Integration, Simulation), By Powertrain Type (Hybrid, Conventional), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Automotive Transmission Engineering Services Outsourcing Market
The Global Automotive Transmission Engineering Services Outsourcing Market was valued at USD 13.2 billion in 2021 which is expected to reach USD 17.94 billion by 2027, at a CAGR of 5.25% from 2022-2027.
Automotive transmission engineering services outsourcing is the assisted development of state-of-the-art powertrain systems. This forms an essential part of the manufacturing of automobiles and ensures power flow to the wheels from the vehicle engine. Automotive transmission engineering services outsourcing includes many services, such as designing, prototyping, system engineering, testing, and integration & simulation.
Market Drivers
The market for automotive transmission engineering services outsourcing is mainly driven by firms looking to adopt advanced technologies and growing preferences towards EVs. Electric automotive vehicles are a better preference compared to conventional vehicles due to their fuel efficiency, higher performance, and environmental friendliness. This changing preference for EVs is supporting the growth of automotive transmission engineering services.
Additionally, more & more engineering businesses are opting to outsource for utilizing the benefits of improved costs, better talent, and improved productivity. This is also driving the growth of the automotive transmission engineering services outsourcing market.
Market Restraints
Some restraints to the growth of the automotive transmission engineering services outsourcing market include the high investments involved in the R&D. Additionally, consumers may not have the financial means to switch from conventional vehicles, which can lead to a narrow demand for such automobiles.
Market Segmentation
The global automotive transmission engineering services outsourcing market is segmented by transmission types of manual and automatic, and by services of designing, prototyping, testing, engineering & integration, and simulation.
Further, the market is segmented into powertrain types hybrid and conventional.
Regional Analysis
The Asia-Pacific region is expected to dominate the market during the forecast period of 2027. Some reasons for this include the availability of low-cost labor, rising demand for fuel-efficient automobiles, and stringent government rules & regulations concerning the emissions from vehicles.
Furthermore, the North American region is also expected to witness a considerably high growth rate in the forecast period. This is primarily due to technological advancements and the presence of well-established infrastructures to support the high growth of the market.
Key Players
TATA Consultancy Services Limited, Horiba Ltd, Porsche Engineering, Intertek Group, Aisin Corporation, Altair Engineering Inc, Magna International Inc, FEV Europe GmbH, Marelli Holdings Co Ltd, EDAG Group, and Others.
Market Taxonomy
By Transmission
• Manual
• Automatic
By Services
• Designing
• Prototyping
• Testing
• Engineering & Integration
• Simulation
By Powertrain Type
• Hybrid
• Conventional
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Automotive Transmission Engineering Services Outsourcing
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Automotive Transmission Engineering Services Outsourcing Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Automotive Transmission Engineering Services Outsourcing, By Transmission
5.1 Y-o-Y Growth Comparison, By Transmission
5.2 Global Automotive Transmission Engineering Services Outsourcing Share Analysis, By Transmission
5.3 Global Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Transmission
5.3.1 Manual
5.3.2 Automatic
6 Global Automotive Transmission Engineering Services Outsourcing, By Services
6.1 Y-o-Y Growth Comparison, Enterprise Size
6.2 Global Automotive Transmission Engineering Services Outsourcing Share Analysis, By Services
6.3 Global Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Services
6.3.1 Designing
6.3.2 Prototyping
6.3.3 Testing
6.3.4 System Engineering and Integration
6.3.5 Simulation
7 Global Automotive Transmission Engineering Services Outsourcing, By Powertrain Type
7.1 Y-o-Y Growth Comparison, By Powertrain Type
7.2 Global Automotive Transmission Engineering Services Outsourcing Share Analysis, By Powertrain Type
7.3 Global Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Powertrain Type
7.3.1 Hybrid
7.3.2 Conventional
8 Global Automotive Transmission Engineering Services Outsourcing, By Region
8.1 Global Automotive Transmission Engineering Services Outsourcing Share Analysis, By Region
8.2 Global Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Region
9 North America Automotive Transmission Engineering Services Outsourcing Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Automotive Transmission Engineering Services Outsourcing Share Analysis, By Transmission
9.3 North America Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Services
9.4 North America Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Powertrain Type
9.5 North America Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Automotive Transmission Engineering Services Outsourcing Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Automotive Transmission Engineering Services Outsourcing Share Analysis, By Transmission
10.3 Europe Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Services
10.4 Europe Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Powertrain Type
10.5 Europe Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Automotive Transmission Engineering Services Outsourcing Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Automotive Transmission Engineering Services Outsourcing Share Analysis, By Transmission
11.3 Asia Pacific Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Services
11.4 Asia Pacific Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Powertrain Type
11.5 Asia Pacific Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia
12 Latin America Automotive Transmission Engineering Services Outsourcing Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Automotive Transmission Engineering Services Outsourcing Share Analysis, By Transmission
12.3 Latin America Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Services
12.4 Latin America Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Powertrain Type
12.5 Latin America Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Automotive Transmission Engineering Services Outsourcing Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Automotive Transmission Engineering Services Outsourcing Share Analysis, By Transmission
13.3 Middle East Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Services
13.4 Middle East Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Powertrain Type
13.5 Middle East Automotive Transmission Engineering Services Outsourcing Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 TATA Consultancy Services Limited
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Horiba Ltd
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Porsche Engineering
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Intertek Group
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Aisin Corporation
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Altair Engineering Inc
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Magna International Inc
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 FEV Europe GmbH
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Marelli Holdings Co Ltd
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 EDAG Group
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
