Consultant Engineering Services in the UK - Industry Market Research Report

Depleting demand: The current economic climate is weighing on consultant engineers' revenue growth

Over the five years through 2023-24, revenue is projected to dip at a compound annual rate of 1.6% to £62.3 billion. However, this is mainly the result of a sharp drop in revenue in 2020-21, as industry demand slumped amid depressed business investment and subdued construction activity during the COVID-19 outbreak. Commercial construction deteriorated amid plunging business confidence. Nevertheless, strong infrastructure construction activity, including electricity and telecommunications infrastructure construction, has underpinned industry revenue.

In addition, government capital spending has increased over the period, as highlighted by the approval of large infrastructure projects, including High Speed 2.Firms in this industry apply engineering principles to the design, development and use of machines, materials, instruments, structures, processes and systems. This includes designing industrial processes, providing surveying and mapping services and designing, managing and consulting on the construction of buildings and infrastructure. 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.