Asia-Pacific 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 Asia-Pacific is backed by the presence of end-use industries of product engineering services on a large scale. China contributes a major share in the product engineering services market in Asia-Pacific. This is due to the fact that China is the largest manufacturer of automotive and industrial manufacturing, and an emerging economy in the healthcare and energy & utilities sector, which is advancing with the adoption of advanced technology services in the manufacturing industry.
Browse the full report description Asia-Pacific 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/asia-pacific-product-engineering-services-market
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. Likewise, India, Singapore, and Vietnam are among the Asia-Pacific economies that are witnessing a huge growth in the manufacturing sector, which in turn, is driving the market growth in Asia-Pacific. Furthermore, the supportive government initiatives for the SMEs in India and China, such as Credit Guarantee Trust Fund for Micro & Small Enterprises (CGTMSE) and Coir Vikas Yojna (CVY) policies of India for SMEs is further expected to escalate the market growth 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 |
China, Japan, India, and Rest of
Asia-Pacific |
|
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
o Recovery Timeline
o Deviation from pre-COVID-19
o Most affected segment/region
o Recommendations
Asia-Pacific Product Engineering Services Market – Segmentation
By Service
o New Product Development
o Design Support Services
o Software Engineering
o Hardware Engineering
o Others
By Organization Size
By End-Use Industry
Asia-Pacific Product Engineering Services Market – Segmentation
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