LONDON–(BUSINESS WIRE)–Technavio has been monitoring the automotive engineering service providers (ESP) market and it is poised to grow by $ 5.31 bn during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request the Latest Free Sample Report on COVID-19 Impact
Frequently Asked Questions-
What is the year-over-year growth of the automotive engineering service providers (ESP) market in 2020?
Technavio says that the year-over-year growth of the market is 5.61% in 2020.
At what rate is the market projected to grow during the forecast period 2020-2024?
Growing at a CAGR of almost 6%, the market growth will accelerate in the forecast period.
- What is the key factor driving the market?