Engineering Services Market Report 2026

The engineering services market size has grown steadily in recent years. It will grow from $1141.89 billion in 2025 to $1.17 trillion in 2026 at a compound annual growth rate (CAGR) of 2.8%. The growth in the historic period can be attributed to expansion of industrial infrastructure projects, rising complexity of engineering standards, growth in automotive and manufacturing sectors, increased reliance on third-party engineering expertise, availability of advanced design tools.

The engineering services market size is expected to see steady growth in the next few years. It will grow to $1371.48 billion in 2030 at a compound annual growth rate (CAGR) of 4%. The growth in the forecast period can be attributed to increasing demand for digital engineering platforms, rising focus on sustainability-driven design, expansion of smart infrastructure projects, growing need for rapid product validation, increasing integration of software and hardware engineering. Major trends in the forecast period include increasing demand for integrated engineering solutions, rising adoption of simulation and testing services, growing focus on automation and robotics engineering, expansion of multidisciplinary project delivery models, enhanced emphasis on lifecycle engineering support.

The engineering services market is expected to benefit from steady economic growth in both developed and developing countries. Steady economic growth refers to the consistent and sustained increase in economic activity, income levels, and production over time across advanced and emerging economies. This growth supports the engineering services market by driving investments in infrastructure, industrial expansion, technological upgrades, and construction projects that require specialized engineering expertise. For example, in April 2024, according to the International Monetary Fund (IMF), a US-based financial agency, the baseline forecast indicates that the global economy is expected to grow at a rate of 3.2 percent in both 2024 and 2025, consistent with the growth rate of 2023. Advanced economies are projected to experience a slight increase in growth, rising from 1.6 percent in 2023 to 1.7 percent in 2024, and reaching 1.8 percent in 2025. Therefore, steady economic growth in developed and developing countries is contributing to the expansion of the engineering services market.

Leading companies in the engineering services market are introducing innovative products to address industry challenges. An example is Ricoh USA Inc., a US-based software company, which launched RICOH Remote Patient Monitoring (RPM) Enablement in October 2023. This end-to-end managed services offering for health systems aims to streamline remote patient monitoring workflows, addressing healthcare staffing challenges amid a significant industry burnout crisis. The service supports the integration of remote patient monitoring devices into existing virtual care programs, covering inventory tracking, logistics, and device returns. This launch coincides with the healthcare industry's shift to virtual care delivery and a shortage of healthcare workers.

In June 2023, UES, a US-based engineering and consulting company, acquired Riner Engineering for an undisclosed amount, aiming to expand its geotechnical expertise. The acquisition was expected to bolster UES's capabilities in geotechnical engineering, construction materials testing, and environmental consulting. Additionally, it provided Riner Engineering with access to UES's resources and expertise, enabling the firm to extend its services and geographic reach. Riner Engineering, a US-based geotechnical engineering and construction materials testing firm, was the subject of this strategic acquisition.

Major companies operating in the engineering services market include AECOM, WorleyParsons Limited, Babcock International, Fluor Corporation, Bechtel Corporation, Kiewit Corporation, WSP Global Inc, John Wood Group PLC, NV5 Global Inc, Arup Group, DNV, SGS S.A, ICS Engineering Services, Engineers India Limited, Laserbond, Cyient, Wipro, Samsung Engineering, Porsche Engineering (Shanghai) Co LTD, Hyundai Engineering (HEC), UGL, Cybage Software Pvt. LTD, China Overseas Engineering Group, China Engineering Consultants, Inc. (CECI), China International Engineering Consulting Corporation, SMEC, ALTEN Group, JLL engineering services, Dyson UK, Stork, SNC Lavalin, J. Murphy & Sons Limited, Arcadis, Alstom, Areva, Artelia, llc aecon, 10Clouds, Techno Engineering & Associates, GT Ground Engineering & Construction Services, International Business Machines Corporation, Capgemini, AKTIAS tech, Oracle, Deaton Engineering, Inc, Aricent Group, EPAM Systems, Inc, GlobalLogic, Jensen Hughes, Henderson Engineers, Thermal Specialties, MCW Group of Companies, McElhanney, Quasar Consulting Group, Accenture SRL, Globant, Cognizant Technology Solutions Corporation, Saudi Engineering Group International (SEGI), HRS Engineering LTD, Oiltek Engineering Co. LTD, Mugesan Engineering & Marine Specialist Co. Inc, Al Mostaqbal Consulting Engineering, Aroma International Building Contracting LLC, Al Baha Engineering Consultants, Smartcities Building Contracting LLC, Thelo DB, Dorman Long Engineering Limited, Decagon, Advanced Engineering Consultants (ACE), CDR Engineering Consultancy Nigeria Limited, ILF Engineers Nigeria Limited, Africa Engineering Consulting Services (AECS), Ingplan Consulting Engineers

North America was the largest region in the engineering services market in 2025. Western Europe was the second largest region in the global engineering services market share. The regions covered in the engineering services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the engineering services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The engineering services market consists of revenue earned by entities that advise, prepare feasibility studies, prepare preliminary and final plans and designs, provide technical services during the construction or installation phase, and inspect and evaluate engineering projects. Engineering services’ companies apply physical laws and principles of engineering in the design, development, and utilization of machines, materials, instruments, structures, processes, and systems. Engineering services include technical application of engineering in product designing, innovations and others in industries such as building construction, mining, power and energy, transportation, manufacturing and others. The engineering services market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.