Quick Summary:
In the fast-evolving landscape of global business, staying ahead of industry trends becomes a necessity, not an option. And, with the Global Product Engineering Services Market hitting seismic growth projections, understanding its trajectory is crucial for informed decision-making. Expected to reach an astounding $2.2 Trillion by 2030, it represents a promising arena for strategic investment and competitive positioning.
Our comprehensive market research report will provide you with detailed analysis on this flourishing market. It includes distinct insights on sectors such as Product & Component Design and Process Engineering, as well as competitive benchmarking. Moreover, the report also offers incisive commentary on significant geographical markets such as the US, China, Japan, Canada, and Germany. With hard data from trusted sources, the report is an invaluable tool for executives who wish to make data-driven decisions in line with industry progression. Stay informed, stay competitive. Secure your market research report today.
Global Product Engineering Services Market to Reach $2.2 Trillion by 2030
The global market for Product Engineering Services estimated at US$1.2 Trillion in the year 2022, is projected to reach a revised size of US$2.2 Trillion by 2030, growing at a CAGR of 8.1% over the analysis period 2022-2030. Product & Component Design, one of the segments analyzed in the report, is projected to record 8.6% CAGR and reach US$952.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Process Engineering segment is readjusted to a revised 8.7% CAGR for the next 8-year period.The U.S. Market is Estimated at $317.1 Billion, While China is Forecast to Grow at 13.1% CAGR
The Product Engineering Services market in the U.S. is estimated at US$317.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$524.9 Billion by the year 2030 trailing a CAGR of 13.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 6.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.Select Competitors (Total 34 Featured) -
- Accenture
- Alten Group
- Altran
- AVL List GmbH
- Bitcomm Technologies
- Capgemini
- Cognizant
- Cygnet Infotech
- eInfochips
- EPAM Systems, Inc.
- Genpact
- Happiest Minds
- Harman International
- HCL Technologies Limited
- IBM Corporation
- Infosys Limited
- ITC Infotech India Ltd.
- Lightbend, Inc.
- Luxoft
- Nexient
- Pactera Edge
- Tata Consultancy Services Limited
- Tech Mahindra Limited
- Trigent Software, Inc.
- Volansys Technologies
- Wipro Limited
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Product Engineering Services?
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What is the forecasted size of the Global Market for Product Engineering Services?
Who are the key companies in the Global Market for Product Engineering Services?
Report Attribute | Details |
---|---|
No. of Pages | 89 |
Published | December 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 1.2 Trillion |
Forecasted Market Value ( USD | $ 2.2 Trillion |
Compound Annual Growth Rate | 7.9% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Accenture
- Alten Group
- Altran
- AVL List GmbH
- Bitcomm Technologies
- Capgemini
- Cognizant
- Cygnet Infotech
- eInfochips
- EPAM Systems, Inc.
- Genpact
- Happiest Minds
- Harman International
- HCL Technologies Limited
- IBM Corporation
- Infosys Limited
- ITC Infotech India Ltd.
- Lightbend, Inc.
- Luxoft
- Nexient
- Pactera Edge
- Tata Consultancy Services Limited
- Tech Mahindra Limited
- Trigent Software, Inc.
- Volansys Technologies
- Wipro Limited