Engineers develop structures, machines, materials and other processes and systems. Services include providing advice, feasibility studies, designs and technical services during construction or development. Engineering services revenue has grown at a CAGR of 3.3% to $360.1 billion over the five years to 2023, expanding in line with its historical growth. However, COVID-19 led to less demand across nearly all downstream markets in 2020. The economy's quick recovery contributed to strong revenue increases in 2021 and 2022. Despite ongoing challenges in certain markets, such as nonresidential construction, revenue will grow 0.7% in 2023 alone.
Organizations in this industry apply the physical laws and principles of engineering in designing, developing and using machines, materials, instruments, structures, processes and systems. These services may involve providing advice, preparing feasibility studies, preparing plans and designs, providing technical services during construction or development, inspecting and evaluating engineering projects and providing other related services. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Organizations in this industry apply the physical laws and principles of engineering in designing, developing and using machines, materials, instruments, structures, processes and systems. These services may involve providing advice, preparing feasibility studies, preparing plans and designs, providing technical services during construction or development, inspecting and evaluating engineering projects and providing other related services. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aecom
- Jacobs Engineering Group Inc.
- Bechtel Corporation
- Fluor Corporation
- Burns & Mcdonnell, Inc.
- Geosyntec Consultants Inc.
- Acousti Engineering Company Of Florida
Methodology
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