Automobile engineering demand

The global market holds a forecasted revenue of US$ 166

16 Bn in 2022 and is likely to cross US$ 348 Bn by the end of 2032

The automotive engineering services market is anticipated to show promising growth prospects during the forecast period, expanding the automotive engineering services market size

The automotive engineering services include multiple services like transmission and engine-related services, including changing the chassis and upgrading multiple components, fueling the sales of automotive engineering services

Automotive engineering services bring the concept phase to the use phase, integrating each component with the other

Key players in the Automotive engineering services market include FEV Group GmbH, IAV, Ricardo, AVL, ALTEN Group, Bertrandt, ALTRAN and L&T Technology

FEV Group GmbH has upgraded their set of services such as powertrain development & electrification and vehicle engineering