Automotive Industry Consulting Services Market Size

Automotive Industry Consulting Services Market size was valued at USD 33.6 billion in 2024 and is anticipated to surpass USD 61.8 billion by 2037, registering a CAGR of 5.2% during the forecast timeline i.e. 2025-2037. In 2025, the industry size of automotive industry consulting services is estimated at USD 35.4 billion. Rapid developments pertaining to EVs and autonomous driving is increasingly pushing manufacturers towards consulting firms to navigate diverse market dynamics. For instance, in September 2024, Hyundai Motor and GM announced a partnership centered on clean energy technologies and supply chain efficiency. A non-binding MoU was signed to investigate cooperative initiatives to lower costs and hasten the delivery of new technologies to consumers.

Moreover, the increasing interest in digital transformation and connected vehicles underlines the need for specialized consulting services, turning this market into a crucial part of evolution in the auto-industry. For automakers, software-defined vehicles provide substantial advantages over distributed vehicle architecture. Software-defined vehicles are opening up opportunities in foreseeable future, setting the stage for the future of mobility. For instance, in February 2024, according to McKinsey & Company, the automotive software business is expected to grow from USD 31 billion in 2018 to USD 80 billion in 2030, more than doubling in size.