Known quantity: Revitalised construction growth has pushed revenue up despite long-term falls
The Quantity Surveying Services industry provides a niche service in engineering consultancy. Industry operators provide procurement advice, cost planning and asset capitalisation (depreciation scheduling). A challenging operating environment, including the COVID-19 pandemic's negative effects from late 2019-20 through 2021-22, has negatively affected industry players over the past five years. As a result, industry revenue is expected to decline at an annualised 2.1% over the five years through 2022-23. Industry profit margins have also declined over the period, due to weaker demand and greater competition. Furthermore, industry employment and enterprise numbers have decreased over the period, due to weaker profit margins and moderate entry barriers.
Quantity surveyors provide cost planning and commercial management for construction projects. Industry operators also provide risk management and procurement advice.
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's key players and their market shares.
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