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Europe Product Engineering Services Market Size, Share & Industry Trends Analysis Report By Service Type (Product & Component Design, Process Engineering, Maintenance, Repair & Operations), By Organization Size, By Vertical, By Country and Growth Forecast, 2022 - 2028

Published Date : 31-Aug-2022

Pages: 120

Formats: PDF

The Europe Product Engineering Services Market would witness market growth of 8.1% CAGR during the forecast period (2022-2028).

To develop and engineer a product, product engineering services use a variety of programming tools, processors and microprocessors, interfaces, memory devices, operating systems, and UI tools. In addition, product engineering services consider numerous environmental and quality standards to ensure the secure and safe deployment of products. The process of creating, designing, developing, testing, and deploying an application or a product is known as product engineering services.

Hardware design, software and application development, PCB layout and analysis, product prototyping, testing and validation, production, and product lifecycle management are typically included in the services provided by embedded product engineering businesses. The need for product engineering services has increased as companies struggle to stay relevant in a changing and dynamic environment.

Companies strive to produce the best products with improved user experiences as the size of the technology market expands. In order to release their product in a timely and advantageous manner, product engineering companies around the world are increasingly focusing on their core competencies, namely conceptualizing and marketing their product. To accomplish this, they take advantage of the skill sets of product engineering service businesses.

Over 914,000 automobiles were produced in Italy in 2019. In addition, in 2019, there were 1.381.196 new vehicles registered 2020. Moreover, one of the most significant motorbike markets in Europe is Italy. Italy produces 300,000 two- and three-wheelers per year, making it the leader in Europe. In 2020, motorcycle sales suffered less than auto sales. Only 5.8% fewer motorcycles were sold in total, or 218,626, than in 2019.

The Germany market dominated the Europe Product Engineering Services Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $131.3 Billion by 2028. The UK market is anticipated to grow at a CAGR of 7.2% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 8.9% during (2022 - 2028).

Based on Service Type, the market is segmented into Product & Component Design, Process Engineering, Maintenance, Repair & Operations, and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises. Based on Vertical, the market is segmented into Automotive & Transportation, Industrial Manufacturing, Healthcare, IT & Telecom, Energy & Utilities, BFSI, Aerospace & Defense, Media & Entertainment, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Product Engineering Services Market will Hit $2041.4 Billion by 2028, at a CAGR of 8.5%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Wipro Limited, Tata Consultancy Services Ltd., Accenture PLC, HCL Technologies Ltd., Capgemini SE, ALTEN, Happiest Minds Technologies Limited, AVL List GmbH, and AKKA Technologies SE.

Scope of the Study

Market Segments Covered in the Report:

By Service Type

  • Product & Component Design
  • Process Engineering
  • Maintenance, Repair & Operations
  • Others

By Organization Size

  • Large Enterprises
  • Small & Medium-sized Enterprises

By Vertical

  • Automotive & Transportation
  • Industrial Manufacturing
  • Healthcare
  • IT & Telecom
  • Energy & Utilities
  • BFSI
  • Aerospace & Defense
  • Media & Entertainment
  • Others

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

  • IBM Corporation
  • Wipro Limited
  • Tata Consultancy Services Ltd.
  • Accenture PLC
  • HCL Technologies Ltd.
  • Capgemini SE
  • ALTEN
  • Happiest Minds Technologies Limited
  • AVL List GmbH
  • AKKA Technologies SE
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Product Engineering Services Market, by Service Type
1.4.2 Europe Product Engineering Services Market, by Organization Size
1.4.3 Europe Product Engineering Services Market, by Vertical
1.4.4 Europe Product Engineering Services Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2018, Oct – 2022, May) Leading Players

Chapter 4. Europe Product Engineering Services Market by Service Type
4.1 Europe Product & Component Design Market by Country
4.2 Europe Process Engineering Market by Country
4.3 Europe Maintenance, Repair & Operations Market by Country
4.4 Europe Others Market by Country

Chapter 5. Europe Product Engineering Services Market by Organization Size
5.1 Europe Large Enterprises Market by Country
5.2 Europe Small & Medium-sized Enterprises Market by Country

Chapter 6. Europe Product Engineering Services Market by Vertical
6.1 Europe Automotive & Transportation Market by Country
6.2 Europe Industrial Manufacturing Market by Country
6.3 Europe Healthcare Market by Country
6.4 Europe IT & Telecom Market by Country
6.5 Europe Energy & Utilities Market by Country
6.6 Europe BFSI Market by Country
6.7 Europe Aerospace & Defense Market by Country
6.8 Europe Media & Entertainment Market by Country
6.9 Europe Others Market by Country

Chapter 7. Europe Product Engineering Services Market by Country
7.1 Germany Product Engineering Services Market
7.1.1 Germany Product Engineering Services Market by Service Type
7.1.2 Germany Product Engineering Services Market by Organization Size
7.1.3 Germany Product Engineering Services Market by Vertical
7.2 UK Product Engineering Services Market
7.2.1 UK Product Engineering Services Market by Service Type
7.2.2 UK Product Engineering Services Market by Organization Size
7.2.3 UK Product Engineering Services Market by Vertical
7.3 France Product Engineering Services Market
7.3.1 France Product Engineering Services Market by Service Type
7.3.2 France Product Engineering Services Market by Organization Size
7.3.3 France Product Engineering Services Market by Vertical
7.4 Russia Product Engineering Services Market
7.4.1 Russia Product Engineering Services Market by Service Type
7.4.2 Russia Product Engineering Services Market by Organization Size
7.4.3 Russia Product Engineering Services Market by Vertical
7.5 Spain Product Engineering Services Market
7.5.1 Spain Product Engineering Services Market by Service Type
7.5.2 Spain Product Engineering Services Market by Organization Size
7.5.3 Spain Product Engineering Services Market by Vertical
7.6 Italy Product Engineering Services Market
7.6.1 Italy Product Engineering Services Market by Service Type
7.6.2 Italy Product Engineering Services Market by Organization Size
7.6.3 Italy Product Engineering Services Market by Vertical
7.7 Rest of Europe Product Engineering Services Market
7.7.1 Rest of Europe Product Engineering Services Market by Service Type
7.7.2 Rest of Europe Product Engineering Services Market by Organization Size
7.7.3 Rest of Europe Product Engineering Services Market by Vertical

Chapter 8. Company Profiles
8.1 IBM Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional & Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.5.3 Geographical Expansions:
8.1.6 SWOT Analysis
8.2 Wipro Limited
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Tata Consultancy Services Ltd.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.5.2 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Accenture PLC
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 HCL Technologies Ltd. (HCL Enterprises)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.5.5.3 Acquisition and Mergers:
8.5.5.4 Geographical Expansions:
8.6 Capgemini SE
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Recent strategies and developments:
8.6.4.1 Partnerships, Collaborations, and Agreements:
8.6.4.2 Business Expansions:
8.7 ALTEN
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Recent strategies and developments:
8.7.3.1 Partnerships, Collaborations, and Agreements:
8.7.3.2 Acquisition and Mergers:
8.8 Happiest Minds Technologies Limited
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.9 AVL List GmbH
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.10. AKKA Technologies SE
8.10.1 Company Overview
TABLE 1 Europe Product Engineering Services Market, 2018 - 2021, USD Billion
TABLE 2 Europe Product Engineering Services Market, 2022 - 2028, USD Billion
TABLE 3 Partnerships, Collaborations and Agreements– Product Engineering Services Market
TABLE 4 Product Launches And Product Expansions– Product Engineering Services Market
TABLE 5 Acquisition and Mergers– Product Engineering Services Market
TABLE 6 expansions– Product Engineering Services Market
TABLE 7 Europe Product Engineering Services Market by Service Type, 2018 - 2021, USD Billion
TABLE 8 Europe Product Engineering Services Market by Service Type, 2022 - 2028, USD Billion
TABLE 9 Europe Product & Component Design Market by Country, 2018 - 2021, USD Billion
TABLE 10 Europe Product & Component Design Market by Country, 2022 - 2028, USD Billion
TABLE 11 Europe Process Engineering Market by Country, 2018 - 2021, USD Billion
TABLE 12 Europe Process Engineering Market by Country, 2022 - 2028, USD Billion
TABLE 13 Europe Maintenance, Repair & Operations Market by Country, 2018 - 2021, USD Billion
TABLE 14 Europe Maintenance, Repair & Operations Market by Country, 2022 - 2028, USD Billion
TABLE 15 Europe Others Market by Country, 2018 - 2021, USD Billion
TABLE 16 Europe Others Market by Country, 2022 - 2028, USD Billion
TABLE 17 Europe Product Engineering Services Market by Organization Size, 2018 - 2021, USD Billion
TABLE 18 Europe Product Engineering Services Market by Organization Size, 2022 - 2028, USD Billion
TABLE 19 Europe Large Enterprises Market by Country, 2018 - 2021, USD Billion
TABLE 20 Europe Large Enterprises Market by Country, 2022 - 2028, USD Billion
TABLE 21 Europe Small & Medium-sized Enterprises Market by Country, 2018 - 2021, USD Billion
TABLE 22 Europe Small & Medium-sized Enterprises Market by Country, 2022 - 2028, USD Billion
TABLE 23 Europe Product Engineering Services Market by Vertical, 2018 - 2021, USD Billion
TABLE 24 Europe Product Engineering Services Market by Vertical, 2022 - 2028, USD Billion
TABLE 25 Europe Automotive & Transportation Market by Country, 2018 - 2021, USD Billion
TABLE 26 Europe Automotive & Transportation Market by Country, 2022 - 2028, USD Billion
TABLE 27 Europe Industrial Manufacturing Market by Country, 2018 - 2021, USD Billion
TABLE 28 Europe Industrial Manufacturing Market by Country, 2022 - 2028, USD Billion
TABLE 29 Europe Healthcare Market by Country, 2018 - 2021, USD Billion
TABLE 30 Europe Healthcare Market by Country, 2022 - 2028, USD Billion
TABLE 31 Europe IT & Telecom Market by Country, 2018 - 2021, USD Billion
TABLE 32 Europe IT & Telecom Market by Country, 2022 - 2028, USD Billion
TABLE 33 Europe Energy & Utilities Market by Country, 2018 - 2021, USD Billion
TABLE 34 Europe Energy & Utilities Market by Country, 2022 - 2028, USD Billion
TABLE 35 Europe BFSI Market by Country, 2018 - 2021, USD Billion
TABLE 36 Europe BFSI Market by Country, 2022 - 2028, USD Billion
TABLE 37 Europe Aerospace & Defense Market by Country, 2018 - 2021, USD Billion
TABLE 38 Europe Aerospace & Defense Market by Country, 2022 - 2028, USD Billion
TABLE 39 Europe Media & Entertainment Market by Country, 2018 - 2021, USD Billion
TABLE 40 Europe Media & Entertainment Market by Country, 2022 - 2028, USD Billion
TABLE 41 Europe Others Market by Country, 2018 - 2021, USD Billion
TABLE 42 Europe Others Market by Country, 2022 - 2028, USD Billion
TABLE 43 Europe Product Engineering Services Market by Country, 2018 - 2021, USD Billion
TABLE 44 Europe Product Engineering Services Market by Country, 2022 - 2028, USD Billion
TABLE 45 Germany Product Engineering Services Market, 2018 - 2021, USD Billion
TABLE 46 Germany Product Engineering Services Market, 2022 - 2028, USD Billion
TABLE 47 Germany Product Engineering Services Market by Service Type, 2018 - 2021, USD Billion
TABLE 48 Germany Product Engineering Services Market by Service Type, 2022 - 2028, USD Billion
TABLE 49 Germany Product Engineering Services Market by Organization Size, 2018 - 2021, USD Billion
TABLE 50 Germany Product Engineering Services Market by Organization Size, 2022 - 2028, USD Billion
TABLE 51 Germany Product Engineering Services Market by Vertical, 2018 - 2021, USD Billion
TABLE 52 Germany Product Engineering Services Market by Vertical, 2022 - 2028, USD Billion
TABLE 53 UK Product Engineering Services Market, 2018 - 2021, USD Billion
TABLE 54 UK Product Engineering Services Market, 2022 - 2028, USD Billion
TABLE 55 UK Product Engineering Services Market by Service Type, 2018 - 2021, USD Billion
TABLE 56 UK Product Engineering Services Market by Service Type, 2022 - 2028, USD Billion
TABLE 57 UK Product Engineering Services Market by Organization Size, 2018 - 2021, USD Billion
TABLE 58 UK Product Engineering Services Market by Organization Size, 2022 - 2028, USD Billion
TABLE 59 UK Product Engineering Services Market by Vertical, 2018 - 2021, USD Billion
TABLE 60 UK Product Engineering Services Market by Vertical, 2022 - 2028, USD Billion
TABLE 61 France Product Engineering Services Market, 2018 - 2021, USD Billion
TABLE 62 France Product Engineering Services Market, 2022 - 2028, USD Billion
TABLE 63 France Product Engineering Services Market by Service Type, 2018 - 2021, USD Billion
TABLE 64 France Product Engineering Services Market by Service Type, 2022 - 2028, USD Billion
TABLE 65 France Product Engineering Services Market by Organization Size, 2018 - 2021, USD Billion
TABLE 66 France Product Engineering Services Market by Organization Size, 2022 - 2028, USD Billion
TABLE 67 France Product Engineering Services Market by Vertical, 2018 - 2021, USD Billion
TABLE 68 France Product Engineering Services Market by Vertical, 2022 - 2028, USD Billion
TABLE 69 Russia Product Engineering Services Market, 2018 - 2021, USD Billion
TABLE 70 Russia Product Engineering Services Market, 2022 - 2028, USD Billion
TABLE 71 Russia Product Engineering Services Market by Service Type, 2018 - 2021, USD Billion
TABLE 72 Russia Product Engineering Services Market by Service Type, 2022 - 2028, USD Billion
TABLE 73 Russia Product Engineering Services Market by Organization Size, 2018 - 2021, USD Billion
TABLE 74 Russia Product Engineering Services Market by Organization Size, 2022 - 2028, USD Billion
TABLE 75 Russia Product Engineering Services Market by Vertical, 2018 - 2021, USD Billion
TABLE 76 Russia Product Engineering Services Market by Vertical, 2022 - 2028, USD Billion
TABLE 77 Spain Product Engineering Services Market, 2018 - 2021, USD Billion
TABLE 78 Spain Product Engineering Services Market, 2022 - 2028, USD Billion
TABLE 79 Spain Product Engineering Services Market by Service Type, 2018 - 2021, USD Billion
TABLE 80 Spain Product Engineering Services Market by Service Type, 2022 - 2028, USD Billion
TABLE 81 Spain Product Engineering Services Market by Organization Size, 2018 - 2021, USD Billion
TABLE 82 Spain Product Engineering Services Market by Organization Size, 2022 - 2028, USD Billion
TABLE 83 Spain Product Engineering Services Market by Vertical, 2018 - 2021, USD Billion
TABLE 84 Spain Product Engineering Services Market by Vertical, 2022 - 2028, USD Billion
TABLE 85 Italy Product Engineering Services Market, 2018 - 2021, USD Billion
TABLE 86 Italy Product Engineering Services Market, 2022 - 2028, USD Billion
TABLE 87 Italy Product Engineering Services Market by Service Type, 2018 - 2021, USD Billion
TABLE 88 Italy Product Engineering Services Market by Service Type, 2022 - 2028, USD Billion
TABLE 89 Italy Product Engineering Services Market by Organization Size, 2018 - 2021, USD Billion
TABLE 90 Italy Product Engineering Services Market by Organization Size, 2022 - 2028, USD Billion
TABLE 91 Italy Product Engineering Services Market by Vertical, 2018 - 2021, USD Billion
TABLE 92 Italy Product Engineering Services Market by Vertical, 2022 - 2028, USD Billion
TABLE 93 Rest of Europe Product Engineering Services Market, 2018 - 2021, USD Billion
TABLE 94 Rest of Europe Product Engineering Services Market, 2022 - 2028, USD Billion
TABLE 95 Rest of Europe Product Engineering Services Market by Service Type, 2018 - 2021, USD Billion
TABLE 96 Rest of Europe Product Engineering Services Market by Service Type, 2022 - 2028, USD Billion
TABLE 97 Rest of Europe Product Engineering Services Market by Organization Size, 2018 - 2021, USD Billion
TABLE 98 Rest of Europe Product Engineering Services Market by Organization Size, 2022 - 2028, USD Billion
TABLE 99 Rest of Europe Product Engineering Services Market by Vertical, 2018 - 2021, USD Billion
TABLE 100 Rest of Europe Product Engineering Services Market by Vertical, 2022 - 2028, USD Billion
TABLE 101 Key information – IBM Corporation
TABLE 102 Key Information – Wipro Limited
TABLE 103 Key Information – Tata Consultancy Services Ltd.
TABLE 104 Key information – Accenture PLC
TABLE 105 Key Information – HCL Technologies Ltd.
TABLE 106 Key Information – Capgemini SE
TABLE 107 Key Information – ALTEN
TABLE 108 Key Information – Happiest Minds Technologies Limited
TABLE 109 Key Information – AVL List GmbH
TABLE 110 Key Information – AKKA Technologies SE

List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, collaborations and agreements : 2018, oct – 2022, may) Leading Players
FIG 5 Recent strategies and developments: IBM Corporation
FIG 6 Swot analysis: IBM Corporation
FIG 7 Recent strategies and developments: Wipro Limited
FIG 8 SWOT Analysis: Wipro Limited
FIG 9 Recent strategies and developments: Tata Consultancy Services Ltd.
FIG 10 SWOT Analysis: Tata Consultancy Services Ltd.
FIG 11 Swot analysis: Accenture plc
FIG 12 Recent strategies and developments: HCL Technologies Ltd.
FIG 13 Recent strategies and developments: Capgemini SE
FIG 14 Recent strategies and developments: ALTEN

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