Europe Automotive Engineering Service Market Report 2024

Описание: Read the Full Report: https://www.cognitivemarketresearch.c...

Report Insights: According to Cognitive Market Research, the global automotive engineering services market size was estimated at USD 155.8 Billion out of which Europe held the major market of more than 28% of the global revenue with a market size of USD 43.62 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. The market is growing due to an increase in the demand for high-end automobiles, a surge in the confidence that consumers have in engineering services, a surge in the number of people using electric vehicles as their primary mode of transportation, and a general uptick in the desire for technological advancements in the automotive industry. According to Cognitive Market Research, the system integration category of automotive engineering services is predicted to expand rapidly in the European market in the coming years because a wide variety of automotive systems and components can work together harmoniously due to system integration. This optimization improves a vehicle's overall performance by ensuring that all systems work together efficiently. In conclusion, Europe's automotive engineering services market is expected to have robust expansion over the forecast period, driven by emerging nations like Germany, France, Italy, Spain, Russia, and the rest of Europe.





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