Automotive Engineering Services Outsourcing (ESO) Market Is Crucial to Your Business Bertrandt, EDAG Engineering GmbH and More
The global automotive engineering services outsourcing (ESO) market size is expected to reach USD 293.74 billion by 2026, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 28.4% over the forecast period. Original Equipment Manufacturers (OEMs) outsource core engineering, as well as allied, tasks to obtain highly-skilled and specialized services at a much cheaper cost. Earlier, automobile innovation was limited to R&D centers of OEMs.
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