Large presence of end-use industry will escalate European product engineering services market

Published: Mar 2021

European product engineering services market is projected to grow at a significant CAGR of around 9.5% during the forecast period (2020-2026). The growth of the product engineering services market in European is backed by the huge presence of end-use industries of product engineering services. UK, Germany, and Italy are considered as one of the largest markets for automotive, and Germany, France, Italy, the Netherlands, UK are some of the economies having well-developed healthcare infrastructure. Likewise, the European countries have a presence a global market players of product engineering services. Therefore, a considerable market can be estimated for product engineering services in Europe during the forecast period. 

Browse the full report description European 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 at https://www.omrglobal.com/industry-reports/europe-product-engineering-services-market

Europe has received large inflows of FDI (foreign direct investment) in the recent past, backed by the government support for the expansion of global companies and the ease of doing business in Europe has attracted large sum of companies in the region. Therefore, even during the forecast period, the expansion of healthcare and automotive companies can be projected. Moreover, the significant investment in the energy & utilities industry in Europe will further contribute to the rise in adoption rate of product engineering services during the forecast period.

Market Coverage

Report Elements

Details

Study Period

2019-2026

Base year

2019

Forecast period

2020-2026

Segments Covered

By Service, By Organization Size, and By End-Use Industry

Countries Covered

UK, Germany, France, Italy, Spain, and Rest of Europe

Key Companies Profiled

IBM Corp., Accenture PLC, Damco Group, Wipro Ltd., Infosys Ltd., Pactera Technologies NA, Inc., Altran, UST Global, Inc., and Tech Mahindra Ltd.

Key questions addressed by the report

  • What is the market growth rate during the forecast period?
  • Which segment/region dominates the market in base year?
  • Which segment/region will project fastest growth in the market during the forecast period?
  • How COVID-19 will impact the market growth in 2020 and coming years?

o Recovery Timeline

o Deviation from pre-COVID-19

o Most affected segment/region

o Recommendations 

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

European Product Engineering Services Market – Segmentation

By Service

  • Product and Component Design

o New Product Development

o Design Support Services

o Software Engineering

o Hardware Engineering

o Others 

  • Process Engineering 
  • Maintenance, Repair, and Operations
  • Others 

By Organization Size

  • Small and Medium Enterprises (<1000 Employees)
  • Large Enterprises (>1000 Employees)

By End-Use Industry

  • Healthcare
  • Automotive
  • Aerospace & Defense
  • Energy & Utilities
  • Industrial Manufacturing
  • Others 

European Product Engineering Services Market – Segmentation

  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Euorpe

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