Global Automotive Transmission Engineering Services Outsourcing Market Size, Trends and Growth Opportunity, By Transmission Type (Manual Transmission, Automatic Transmission), Power train Type (Hybrid Power train, Conventional Power train), Services (Designing, Prototyping, Testing, System Engineering & Integration, Simulation) By Region and forecast till 2027.
Global Automotive Transmission Engineering Services Outsourcing Market
Global Automotive Transmission Engineering Services Outsourcing Market was valued at USD 11.20 Billion in 2021 and is slated to reach at USD 17.60 Billion by 2027 at a CAGR of 6.40 % from 2022-2027.
Automotive transmission engineering is a critical step in the manufacturing of automobiles. A vehicle's automotive transmission ensures that power is transferred from the engine to the wheels, allowing the vehicle to move. The two most common types of automotive transmissions are manual and automatic transmissions. The primary service categories for outsourcing automotive transmission engineering services are design, prototyping, testing, system engineering and integration, simulation, and design.
Market Drivers
A hybrid electric vehicle (HEV) is a type of vehicle that combines an electric propulsion system with a drive train powered by an internal combustion engine (ICE). The presence of an electric power train aims to produce either better performance or better fuel economy than a conventional vehicle. The benefit of a hybrid vehicle over a gasoline-powered vehicle is increasing global demand for electric automobiles and automotive transmission engineering services. Because of their environmental friendliness, hybrid vehicles are driving the market for automotive transmission engineering services. Companies that adopt new technological developments also create a significant growth opportunity in automotive transmission engineering services outsourcing. Over time, engineering firms are rapidly shifting to outsourcing in order to save money, increase efficiency, or increase competence. Engineering services are outsourced by businesses for a variety of reasons, including the need for quick delivery, flexibility, a lack of in-house specialists, and a limited budget. Furthermore, increased adoption of electric vehicles, autonomous vehicle innovative technologies such as ADAS for vehicle and passenger safety, and lightweight vehicles are key factors that will drive market growth in the coming years.
Market Restraints
Consumers cannot afford cars due to the high cost of research and development, and many countries lack access to hybrid vehicles. The high costs of outsourcing hybrid automotive transmission engineering services limit market growth. When compared to traditional vehicle manufacturing, the company's manufacturing and R&D costs are extremely high. Vehicles become more expensive and difficult to afford as high manufacturing and development costs are passed on to the consumer.
Impact of COVID-19
The COVID-19 outbreak has had a global impact on many industries. Many countries imposed a complete lockdown for several months due to the COVID-19 pandemic, which hampered vehicle production. Vehicle sales fell as manufacturing plants around the world were closed down. The pandemic had a minor impact on the automotive engineering services market. Most automakers, however, have resumed vehicle production with limited capacity and safety measures in place. The market is expected to expand positively during the forecast period as economies recover from the pandemic.
Recent Developments
Altair Engineering Inc. acquired Concept Engineering in 2022 for quick and dependable development, manufacture, and service in industries requiring highly specialized debugging and visualization mechanisms for development and post-production product maintenance. Concept Engineering provides advanced electrical circuit, wire harness, and component visualization. Among them are the automotive, aerospace, and other industries.
Market Segmentation
Global Automotive Transmission Engineering Services Outsourcing Market is segmented into By Transmission Type, Power train Type, Services. By Transmission Type such as Manual Transmission, Automatic Transmission. By Power train Type such as Hybrid Power train, Conventional Power train. By Services such as Designing, Prototyping, Testing, System Engineering & Integration, Simulation.
Regional Analysis
Global Automotive Transmission Engineering Services Outsourcing Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Asia-Pacific currently dominates the market and will continue to do so during the forecast period. The availability of low-cost labor, growing demand for fuel-efficient vehicles, and strict government regulations governing the production of low-emission vehicles are the major factors attributed to the region's dominance. North America will experience the highest growth rate during the forecast period due to high demand from developing economies such as Canada and the United States, as well as the region's prevalence of advanced infrastructure for technological developments.
Key Players
This report includes a list of numerous Key Players, namely Magna International Inc (Canada), Smart Manufacturing Technology Ltd. (U.K.), Marelli Holdings Co., Ltd. (Italy), Horiba, Ltd (Japan), Porsche Engineering (Germany), Altair Engineering Inc. (U.S.), EDAG Group (Germany), Intertek Group plc (U.K.), TATA Consultancy Services Limited (India), AISIN CORPORATION (Japan).
Market Taxonomy  
By Transmission Type
• Manual Transmission
• Automatic Transmission
By Power train Type
• Hybrid Power train
• Conventional Power train
By Services
• Designing
• Prototyping
• Testing
• System Engineering & Integration
• Simulation
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.

Global Automotive Transmission Engineering Services Outsourcing Market 
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 Market 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 Market, By Transmission Type
5.1 Y-o-Y Growth Comparison, By Transmission Type
5.2 Global Automotive Transmission Engineering Services Outsourcing Market Share Analysis, By Transmission Type
5.3 Global Automotive Transmission Engineering Services Outsourcing Market Size and Forecast, By Transmission Type
5.3.1 Manual Transmission
5.3.2 Automatic Transmission
6 Global Automotive Transmission Engineering Services Outsourcing Market, By Power train Type
6.1 Y-o-Y Growth Comparison, By Power train Type 
6.2 Global Automotive Transmission Engineering Services Outsourcing Market Share Analysis, By Power train Type 
6.3 Global Automotive Transmission Engineering Services Outsourcing Market Size and Forecast, By Power train Type 
6.3.1 Hybrid Power train
6.3.2 Conventional Power train
7 Global Automotive Transmission Engineering Services Outsourcing Market, By Services
7.1 Y-o-Y Growth Comparison, By Services
7.2 Global Automotive Transmission Engineering Services Outsourcing Market Share Analysis, By Services
7.3 Global Automotive Transmission Engineering Services Outsourcing Market Size and Forecast, By Services
7.3.1 Designing
7.3.2 Prototyping
7.3.3 Testing
7.3.4 System Engineering & Integration
7.3.5 Simulation 
8 Global Automotive Transmission Engineering Services Outsourcing Market, By Region
8.1 Global Automotive Transmission Engineering Services Outsourcing Market Share Analysis, By Region
8.2 Global Automotive Transmission Engineering Services Outsourcing Market Share Analysis, By Region
8.3 Global Automotive Transmission Engineering Services Outsourcing Market Size and Forecast, By Region
9 North America Automotive Transmission Engineering Services Outsourcing Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Automotive Transmission Engineering Services Outsourcing Market Share Analysis, By Transmission Type
9.3 North America Automotive Transmission Engineering Services Outsourcing Market Size and Forecast, By Services
9.4 North America Automotive Transmission Engineering Services Outsourcing Market Size and Forecast, By Power train Type
9.5 North America Automotive Transmission Engineering Services Outsourcing Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10EuropeAutomotive Transmission Engineering Services Outsourcing Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Automotive Transmission Engineering Services Outsourcing Market Share Analysis, By Transmission Type
10.3 Europe Automotive Transmission Engineering Services Outsourcing Market Size and Forecast, By Services
10.4 Europe Automotive Transmission Engineering Services Outsourcing Market Size and Forecast, By Power train Type
10.5 Europe Automotive Transmission Engineering Services Outsourcing Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4. Rest of Europe
11Asia Pacific Automotive Transmission Engineering Services Outsourcing Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Automotive Transmission Engineering Services Outsourcing Market Share Analysis, By Transmission Type
11.3 Asia Pacific Automotive Transmission Engineering Services Outsourcing Market Size and Forecast, By Services
11.4 Asia Pacific Automotive Transmission Engineering Services Outsourcing Market Size and Forecast, By Power train Type
11.5 Asia Pacific Automotive Transmission Engineering Services Outsourcing Market Size and Forecast, By Country
11.5.1 China 
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Automotive Transmission Engineering Services Outsourcing Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Automotive Transmission Engineering Services Outsourcing Market Share Analysis, By Transmission Type
12.3 Latin America Automotive Transmission Engineering Services Outsourcing Market Size and Forecast, By Services
12.4 Latin America Automotive Transmission Engineering Services Outsourcing Market Size and Forecast, By Power train Type
12.5 Latin America Automotive Transmission Engineering Services Outsourcing Market Size and Forecast, Country
12.5.1. Brazil
12.5.2.Rest of Latin America
13Middle East Automotive Transmission Engineering Services Outsourcing Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Automotive Transmission Engineering Services Outsourcing Market Share Analysis, By Transmission Type
13.3 Middle East Automotive Transmission Engineering Services Outsourcing Market Size and Forecast, By Services
13.4 Middle East Automotive Transmission Engineering Services Outsourcing Market Size and Forecast, By Power train Type 
13.5 Middle East Automotive Transmission Engineering Services Outsourcing Market 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
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Magna International Inc (Canada)
15.1.1 Overview
15.1.2 Products
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. Smart Manufacturing Technology Ltd. (U.K.)
15.2.1 Overview
15.2.2 Products
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
12.2.6 Key Strategies
15.3. Marelli Holdings Co., Ltd. (Italy)
15.3.1 Overview
15.3.2 Products
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 Horiba, Ltd (Japan)
15.4.1 Overview
15.4.2 Products
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 Porsche Engineering (Germany)
15.5.1 Overview
15.5.2 Products
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. (U.S.)
15.6.1 Overview
15.6.2 Products
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 EDAG Group (Germany)
15.7.1 Overview
15.7.2 Products
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 Intertek Group plc (U.K.)
15.8.1 Overview
15.8.2 Products
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 TATA Consultancy Services Limited (India)
15.9.1 Overview 
15.9.2 Products
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 AISIN CORPORATION (Japan)
15.10.1 Overview
15.10.2 Products
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies