Global Product Engineering Services Market Size, Share & Trends Analysis Report by Component (Product and Component Design, Process Engineering, Maintenance, Repair & Operations, and Others), by Organization Size (Small and Medium Enterprises (SMEs) and Large Enterprises), and by End-Use Industry (Healthcare, Automotive, Aerospace & Defense, Energy & Utilities, Industrial Manufacturing, and Others) and Forecast 2020-2026.
The global product engineering services market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising industrial sector and the continuous innovation in technology with the introduction of AI and smart manufacturing. With the rise in the manufacturing industries, the demand for product engineering services will increase, which, in turn, will offer a growth opportunity for the product engineering services providers to accelerate their presence in these emerging economies. The introduction of Industry 4.0 is further boosting the advanced technologies, such as IoT and AI, in product engineering services market.
The product engineering services market on the basis of service, organization size, and end-use industry. Based on service, the market is segmented into product and component design, process engineering, maintenance, repair & operations, and others. The product and component design services segment is further classified into new product development, design support services, software engineering, hardware engineering, and others. Based on organization size, the market is bifurcated into small and medium enterprises (SMEs) and large enterprises. Based on end-use industry, the market is segmented into automotive, aerospace & defense, healthcare, energy & utilities, industrial manufacturing, and others.
Geographically, the global product engineering services market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is estimated to hold a considerable share in the global product engineering services market during the forecast period. This growth is attributed to the presence of end-use industries of product engineering services on a large scale. Moreover, the presence of number of contract research organizations (CRO) and contract manufacturing organizations (CMO) is further curtailing to the rise in the demand for product engineering services in the country.
The global product engineering services market is influenced by product development and advancements conducted by the market players. The key players of the product engineering services market include IBM Corp., Accenture PLC, Damco Group, Wipro Ltd., Infosys Ltd., Pactera Technologies NA, Inc., Altran, UST Global, Inc., and Tech Mahindra Ltd. These players are playing a significant role in the growth of the product engineering services market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.
Research Methodology
The market study of the global product engineering services market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. The research analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
Market Segmentation:
1. Global Product Engineering Services Market Research and Analysis by Component
2. Global Product Engineering Services Market Research and Analysis by Organization Size
3. Global Product Engineering Services Market Research and Analysis by End-Use Industry
The Report covers:
The global product engineering services market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising industrial sector and the continuous innovation in technology with the introduction of AI and smart manufacturing. With the rise in the manufacturing industries, the demand for product engineering services will increase, which, in turn, will offer a growth opportunity for the product engineering services providers to accelerate their presence in these emerging economies. The introduction of Industry 4.0 is further boosting the advanced technologies, such as IoT and AI, in product engineering services market.
The product engineering services market on the basis of service, organization size, and end-use industry. Based on service, the market is segmented into product and component design, process engineering, maintenance, repair & operations, and others. The product and component design services segment is further classified into new product development, design support services, software engineering, hardware engineering, and others. Based on organization size, the market is bifurcated into small and medium enterprises (SMEs) and large enterprises. Based on end-use industry, the market is segmented into automotive, aerospace & defense, healthcare, energy & utilities, industrial manufacturing, and others.
Geographically, the global product engineering services market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is estimated to hold a considerable share in the global product engineering services market during the forecast period. This growth is attributed to the presence of end-use industries of product engineering services on a large scale. Moreover, the presence of number of contract research organizations (CRO) and contract manufacturing organizations (CMO) is further curtailing to the rise in the demand for product engineering services in the country.
The global product engineering services market is influenced by product development and advancements conducted by the market players. The key players of the product engineering services market include IBM Corp., Accenture PLC, Damco Group, Wipro Ltd., Infosys Ltd., Pactera Technologies NA, Inc., Altran, UST Global, Inc., and Tech Mahindra Ltd. These players are playing a significant role in the growth of the product engineering services market by providing various products and adopting several strategies such as merger and acquisition, partnerships and collaboration, technological development, and others.
Research Methodology
The market study of the global product engineering services market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. The research analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
- Financial reports of companies involved in the market
- Whitepapers, research-papers, and news blogs
- Company websites and their product catalog
Market Segmentation:
1. Global Product Engineering Services Market Research and Analysis by Component
2. Global Product Engineering Services Market Research and Analysis by Organization Size
3. Global Product Engineering Services Market Research and Analysis by End-Use Industry
The Report covers:
- Comprehensive research methodology of the global product engineering services market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global product engineering services market.
- Insights about market determinants which are stimulating the global market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Product Engineering Services Market by Service
5.1.1. Product and Component Design
5.1.1.1. New Product Development
5.1.1.2. Design Support Services
5.1.1.3. Software Engineering
5.1.1.4. Hardware Engineering
5.1.1.5. Others
5.1.2. Process Engineering
5.1.3. Maintenance, Repair, and Operations
5.1.4. Others
5.2. Global Product Engineering Services Market by Organization Size
5.2.1. Small and Medium Enterprises (< 1000 Employees)
5.2.2. Large Enterprises (>1000 Employees)
5.3. Global Product Engineering Services Market by End-Use Industry
5.3.1. Healthcare
5.3.2. Automotive
5.3.3. Aerospace & Defense
5.3.4. Energy & Utilities
5.3.5. Industrial Manufacturing
5.3.6. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Accenture plc
7.2. Alten Group
7.3. Altran (Capgemini Service SAS)
7.4. Cognizant Organization Size Solutions Corp.
7.5. Cygnet Group of Companies
7.6. Damco Group
7.7. EPAM Systems, Inc.
7.8. Happiest Minds Technologies Pvt. Ltd.
7.9. IBM Corp.
7.10. Infosys Ltd.
7.11. Luxoft Holding, Inc.
7.12. Mistral Solutions Pvt. Ltd.
7.13. Nous Infosystems
7.14. Pactera Technologies NA, Inc.
7.15. Rapidvalue Solutions
7.16. Sourceedge Software Technologies Pvt. Ltd.
7.17. Tata Consultancy Services Ltd.
7.18. Tech Mahindra Ltd.
7.19. Trigent Software, Inc.
7.20. UST Global, Inc.
7.21. Wipro Ltd.List of Tables
1. Global Product Engineering Services Market Research and Analysis by Service, 2019-2026 ($ Million)
2. Global Product and Component Design Services Market Research and Analysis by Region, 2019-2026 ($ Million)
3. Global Process Engineering Services Market Research and Analysis by Region, 2019-2026 ($ Million)
4. Global Maintenance, Repair, & Operation Services Market Research and Analysis by Region, 2019-2026 ($ Million)
5. Global Other Product Engineering Services Market Research and Analysis by Region, 2019-2026 ($ Million)
6. Global Product Engineering Services Market Research and Analysis by Organization Size, 2019-2026 ($ Million)
7. Global Product Engineering Services in Smes Market Research and Analysis by Region, 2019-2026 ($ Million)
8. Global Product Engineering Services in Large Enterprises Market Research and Analysis by Region, 2019-2026 ($ Million)
9. Global Product Engineering Services Market Research and Analysis by End-Use Industry, 2019-2026 ($ Million)
10. Global Product Engineering Services in Healthcare Market Research and Analysis by Region, 2019-2026 ($ Million)
11. Global Product Engineering Services in Automotive Market Research and Analysis by Region, 2019-2026 ($ Million)
12. Global Product Engineering Services in Aerospace & Defense Market Research and Analysis by Region, 2019-2026 ($ Million)
13. Global Product Engineering Services in Energy & Utilities Market Research and Analysis by Region, 2019-2026 ($ Million)
14. Global Product Engineering Services in Industrial Manufacturing Market Research and Analysis by Region, 2019-2026 ($ Million)
15. Global Other End-Use Industries Market Research and Analysis by Region, 2019-2026 ($ Million)
16. Global Product Engineering Services Market Research and Analysis by Geography, 2019-2026 ($ Million)
17. North American Product Engineering Services Market Research and Analysis by Country, 2019-2026 ($ Million)
18. North American Product Engineering Services Market Research and Analysis by Service, 2019-2026 ($ Million)
19. North American Product Engineering Services Market Research and Analysis by Organization Size, 2019-2026 ($ Million)
20. North American Product Engineering Services Market Research and Analysis by End-Use Industry, 2019-2026 ($ Million)
21. European Product Engineering Services Market Research and Analysis by Country, 2019-2026 ($ Million)
22. European Product Engineering Services Market Research and Analysis by Service, 2019-2026 ($ Million)
23. European Product Engineering Services Market Research and Analysis by Organization Size, 2019-2026 ($ Million)
24. European Product Engineering Services Market Research and Analysis by End-Use Industry, 2019-2026 ($ Million)
25. Asia-Pacific Product Engineering Services Market Research and Analysis by Country, 2019-2026 ($ Million)
26. Asia-Pacific Product Engineering Services Market Research and Analysis by Service, 2019-2026 ($ Million)
27. Asia-Pacific Product Engineering Services Market Research and Analysis by Organization Size, 2019-2026 ($ Million)
28. Asia-Pacific Product Engineering Services Market Research and Analysis by End-Use Industry, 2019-2026 ($ Million)
29. Rest of the World Product Engineering Services Market Research and Analysis by Service, 2019-2026 ($ Million)
30. Rest of the World Product Engineering Services Market Research and Analysis by Organization Size, 2019-2026 ($ Million)
31. Rest of the World Product Engineering Services Market Research and Analysis by End-Use Industry, 2019-2026 ($ Million)List of Figures
1. Global Product Engineering Services Market Share by Service, 2019 Vs 2026 (%)
2. Global Product Engineering Services Market Share by Organization Size, 2019 Vs 2026 (%)
3. Global Product Engineering Services Market Share by End-Use Industry, 2019 Vs 2026 (%)
4. Global Product Engineering Services Market Share by Geography, 2019 Vs 2026 (%)
5. US Product Engineering Services Market Size, 2019-2026 ($ Million)
6. Canada Product Engineering Services Market Size, 2019-2026 ($ Million)
7. UK Product Engineering Services Market Size, 2019-2026 ($ Million)
8. France Product Engineering Services Market Size, 2019-2026 ($ Million)
9. Germany Product Engineering Services Market Size, 2019-2026 ($ Million)
10. Italy Product Engineering Services Market Size, 2019-2026 ($ Million)
11. Spain Product Engineering Services Market Size, 2019-2026 ($ Million)
12. Roe Product Engineering Services Market Size, 2019-2026 ($ Million)
13. India Product Engineering Services Market Size, 2019-2026 ($ Million)
14. China Product Engineering Services Market Size, 2019-2026 ($ Million)
15. Japan Product Engineering Services Market Size, 2019-2026 ($ Million)
16. Rest of Asia-Pacific Product Engineering Services Market Size, 2019-2026 ($ Million)
17. Rest of the World Product Engineering Services Market Size, 2019-2026 ($ Million)
Companies Mentioned
A selection of companies mentioned in this report includes:
- Accenture plc
- Alten Group
- Altran (Capgemini Service SAS)
- Cognizant Organization Size Solutions Corp.
- Cygnet Group of Companies
- Damco Group
- EPAM Systems, Inc.
- Happiest Minds Technologies Pvt. Ltd.
- IBM Corp.
- . Infosys Ltd.
- Luxoft Holding, Inc.
- Mistral Solutions Pvt. Ltd.
- Nous Infosystems
- Pactera Technologies NA, Inc.
- Rapidvalue Solutions
- Sourceedge Software Technologies Pvt. Ltd.
- Tata Consultancy Services Ltd.
- Tech Mahindra Ltd.
- Trigent Software, Inc.
- UST Global, Inc.
- 2 Wipro Ltd.
