This report describes and explains the engineering services market and covers 2017-2022, termed the historic period, and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.
The global engineering services market reached a value of nearly $$1,098.26 billion in 2022, having grown at a compound annual growth rate (CAGR) of 2.9% since 2017. The market is expected to grow from $1,098.26 billion in 2022 to $1,313.13 billion in 2027 at a rate 3.6%. The market is then expected to grow at a CAGR of 4.8% from 2027 and reach $1,656.21 billion in 2032.
Growth in the historic period resulted from an increased demand for industrial robots, a rise in industrial automation and implementation of industry 4.0. Factors that negatively affected growth in the historic period were the lack of quality control and safety concerns of engineering firms.
Going forward, increasing digitalization, rising demand for IoT (Internet of Things) solutions for smart manufacturing, rising prominence of robots in the construction industry, government investments in the aviation industry, continuous development of smart cities and a rapid adoption of advanced technologies will drive the market. Factors that could hinder the growth of the engineering services market in the future include a lack of skilled personnel and the Russia Ukraine war impact.
The engineering services market is segmented by type into civil engineering services, electrical engineering services, mechanical engineering services and others engineering services. The civil engineering services market was the largest segment of the engineering services market segmented by type for 51.0% of the total in 2022. Going forward, the other engineering services market is expected to be the fastest growing segment in the engineering services market segmented by type, at a CAGR of 5.0% during 2022-2027.
The engineering services market is segmented by end-user into end-user into transportation infrastructure, other infrastructure, automotive, industrial manufacturing, healthcare sector, aerospace, telecommunications, information technology, oil and gas energy and utilities, and other end-users. The other infrastructure market was the largest segment of the engineering services market segmented by end user for 40.3% of the total in 2022. Going forward, the utilities market is expected to be the fastest growing segment in the engineering services market segmented by end user, at a CAGR of 5.3% during 2022-2027.
The engineering services market is segmented by engineering disciplines into civil, mechanical, electrical and piping, structural engineering and other engineering disciplines. The civil market was the largest segment of the engineering services market segmented by engineering disciplines for 51.0% of the total in 2022. Going forward, the other engineering disciplines market is expected to be the fastest growing segment in the engineering services market segmented by engineering disciplines, at a CAGR of 5.0% during 2022-2027.
The engineering services market is segmented by delivery model into offshore and onsite. The onsite market was the largest segment of the engineering services market segmented by delivery model for 73.3% of the total in 2022. Going forward, the offshore market is expected to be the fastest growing segment in the engineering services market segmented by delivery model, at a CAGR of 3.9% during 2022-2027.
Western Europe was the largest region in the engineering services market, accounting for 30.4% of the total in 2022. It was followed by Asia Pacific, and then the other regions. Going forward, the fastest-growing regions in the engineering services market will be Middle East, and Africa where growth will be at CAGRs of 8.8% and 7.0% respectively. These will be followed by South America, and Asia-Pacific where the markets are expected to grow at CAGRs of 6.0% and 4.5% respectively.
The global engineering services market is fragmented, with a large number of small players. The top ten competitors in the market made up to 1.50% of the total market in 2021. AECOM was the largest competitor with 0.385% share of the market, followed by WorleyParsons Limited with 0.262%, SNC-Lavalin with 0.148%, Babcock International with 0.144%, Fluor Corporation with 0.120%, Bechtel Corporation with 0.118%, Kiewit Corporation with 0.116%, WSP Global Inc with 0.092%, John Wood Group PLC with 0.079%, NV5 Global Inc with 0.032%, Arup Group with 0.028%, DNV with 0.003% and SGS S.A. with 0.003%.
The top opportunities in the engineering services market segmented by type will arise in the civil engineering services segment, which will gain $88.3 billion of global annual sales by 2027. The top opportunities in segment by end-user will arise in the other infrastructure segment, which will gain $83.0 billion of global annual sales by 2027. The top opportunities in segment by engineering disciplines will arise in the civil segment, which will gain $83.3 billion of global annual sales by 2027. The top opportunities in segment by delivery model will arise in the onsite segment, which will gain $153.2 billion of global annual sales by 2027. The engineering services market size will gain the most in China at $47.9 billion.
Market-trend-based strategies for the engineering services market include focus on partnerships and collaborations, adoption of artificial intelligence, use of blockchain, investment in development of smart cities, investment in low-code development, focus on environment-friendly buildings services and use of industry 4.0.
Player-adopted strategies in the engineering services market include strengthening business operations through securing new contracts, enhancing business operations through strategic acquisitions, providing high-quality services, expanding global footprint through strategic collaborations and partnerships and enhancing business operations through new contract wins.
To take advantage of the opportunities, the publisher recommends the engineering services companies to focus on the use of artificial intelligence (AI), focus on the use of Industry 4.0 in engineering services, focus on the adoption of advanced technologies, focus on partnerships and collaborations and continue to focus on fastest-growing end-users.
The global engineering services market reached a value of nearly $$1,098.26 billion in 2022, having grown at a compound annual growth rate (CAGR) of 2.9% since 2017. The market is expected to grow from $1,098.26 billion in 2022 to $1,313.13 billion in 2027 at a rate 3.6%. The market is then expected to grow at a CAGR of 4.8% from 2027 and reach $1,656.21 billion in 2032.
Growth in the historic period resulted from an increased demand for industrial robots, a rise in industrial automation and implementation of industry 4.0. Factors that negatively affected growth in the historic period were the lack of quality control and safety concerns of engineering firms.
Going forward, increasing digitalization, rising demand for IoT (Internet of Things) solutions for smart manufacturing, rising prominence of robots in the construction industry, government investments in the aviation industry, continuous development of smart cities and a rapid adoption of advanced technologies will drive the market. Factors that could hinder the growth of the engineering services market in the future include a lack of skilled personnel and the Russia Ukraine war impact.
The engineering services market is segmented by type into civil engineering services, electrical engineering services, mechanical engineering services and others engineering services. The civil engineering services market was the largest segment of the engineering services market segmented by type for 51.0% of the total in 2022. Going forward, the other engineering services market is expected to be the fastest growing segment in the engineering services market segmented by type, at a CAGR of 5.0% during 2022-2027.
The engineering services market is segmented by end-user into end-user into transportation infrastructure, other infrastructure, automotive, industrial manufacturing, healthcare sector, aerospace, telecommunications, information technology, oil and gas energy and utilities, and other end-users. The other infrastructure market was the largest segment of the engineering services market segmented by end user for 40.3% of the total in 2022. Going forward, the utilities market is expected to be the fastest growing segment in the engineering services market segmented by end user, at a CAGR of 5.3% during 2022-2027.
The engineering services market is segmented by engineering disciplines into civil, mechanical, electrical and piping, structural engineering and other engineering disciplines. The civil market was the largest segment of the engineering services market segmented by engineering disciplines for 51.0% of the total in 2022. Going forward, the other engineering disciplines market is expected to be the fastest growing segment in the engineering services market segmented by engineering disciplines, at a CAGR of 5.0% during 2022-2027.
The engineering services market is segmented by delivery model into offshore and onsite. The onsite market was the largest segment of the engineering services market segmented by delivery model for 73.3% of the total in 2022. Going forward, the offshore market is expected to be the fastest growing segment in the engineering services market segmented by delivery model, at a CAGR of 3.9% during 2022-2027.
Western Europe was the largest region in the engineering services market, accounting for 30.4% of the total in 2022. It was followed by Asia Pacific, and then the other regions. Going forward, the fastest-growing regions in the engineering services market will be Middle East, and Africa where growth will be at CAGRs of 8.8% and 7.0% respectively. These will be followed by South America, and Asia-Pacific where the markets are expected to grow at CAGRs of 6.0% and 4.5% respectively.
The global engineering services market is fragmented, with a large number of small players. The top ten competitors in the market made up to 1.50% of the total market in 2021. AECOM was the largest competitor with 0.385% share of the market, followed by WorleyParsons Limited with 0.262%, SNC-Lavalin with 0.148%, Babcock International with 0.144%, Fluor Corporation with 0.120%, Bechtel Corporation with 0.118%, Kiewit Corporation with 0.116%, WSP Global Inc with 0.092%, John Wood Group PLC with 0.079%, NV5 Global Inc with 0.032%, Arup Group with 0.028%, DNV with 0.003% and SGS S.A. with 0.003%.
The top opportunities in the engineering services market segmented by type will arise in the civil engineering services segment, which will gain $88.3 billion of global annual sales by 2027. The top opportunities in segment by end-user will arise in the other infrastructure segment, which will gain $83.0 billion of global annual sales by 2027. The top opportunities in segment by engineering disciplines will arise in the civil segment, which will gain $83.3 billion of global annual sales by 2027. The top opportunities in segment by delivery model will arise in the onsite segment, which will gain $153.2 billion of global annual sales by 2027. The engineering services market size will gain the most in China at $47.9 billion.
Market-trend-based strategies for the engineering services market include focus on partnerships and collaborations, adoption of artificial intelligence, use of blockchain, investment in development of smart cities, investment in low-code development, focus on environment-friendly buildings services and use of industry 4.0.
Player-adopted strategies in the engineering services market include strengthening business operations through securing new contracts, enhancing business operations through strategic acquisitions, providing high-quality services, expanding global footprint through strategic collaborations and partnerships and enhancing business operations through new contract wins.
To take advantage of the opportunities, the publisher recommends the engineering services companies to focus on the use of artificial intelligence (AI), focus on the use of Industry 4.0 in engineering services, focus on the adoption of advanced technologies, focus on partnerships and collaborations and continue to focus on fastest-growing end-users.
Table of Contents
1. Executive Summary2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
6. Introduction and Market Characteristics
6.1. General Market Definition
6.2. Summary
6.3. Engineering Services Market Definition And Segmentations
6.4. Market Segmentation By Type
6.4.1. Civil Engineering Services
6.4.2. Electrical Engineering Services
6.4.3. Mechanical Engineering Services
6.4.4. Other Engineering Services
6.5. Market Segmentation By End-User
6.5.1. Transport Infrastructure
6.5.2. Other Infrastructure
6.5.3. Automotive
6.5.4. Industrial Manufacturing
6.5.5. Healthcare Sector
6.5.6. Aerospace
6.5.7. Telecommunications
6.5.8. Information Technology
6.5.9. Oil And Gas
6.5.10. Utilities
6.5.11. Other End-Users
6.6. Market Segmentation By Engineering Disciplines
6.6.1. Civil
6.6.2. Mechanical
6.6.3. Electrical
6.6.4. Piping And Structural Engineering
6.6.5. Other Engineering Disciplines
6.7. Market Segmentation By Delivery Model
6.7.1. Offshore
6.7.2. Onsite
7. Major Market Trends
7.1. Partnerships And Collaborations
7.2. Rising Demand For Artificial Intelligence
7.3. Continuous Development Of Smart Cities
7.4. Increasing Low-Code Development
7.5. Rising Demand For Environment-Friendly Buildings
7.6. Use Of Industry 4.0 in Engineering Services
7.7. Rapid Adoption Of Advanced Technologies
8. Global Market Size and Growth
8.1. Market Size
8.2. Historic Market Growth, 2017 - 2022, Value ($ Billion)
8.2.1. Market Drivers 2017 - 2022
8.2.2. Market Restraints 2017-2022
8.3. Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
8.3.1. Market Drivers 2022-2027
8.3.2. Market Restraints 2022-2027
9. Global Engineering Services Market Segmentation
9.1. Global Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
9.2. Global Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
9.3. Global Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
9.4. Global Engineering Services Market, Segmentation By Delivery Model, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
10. Engineering Services Market, Regional and Country Analysis
10.1. Global Engineering Services Market, By Region, Historic and Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
10.2. Global Engineering Services Market, By Country, Historic and Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11. Asia-Pacific Market
11.1. Summary
11.2. Market Overview
11.2.1. Region Information
11.2.2. Market Information
11.2.3. Background Information
11.2.4. Government Initiatives
11.2.5. Regulations
11.2.6. Regulatory Bodies
11.2.7. Major Associations
11.2.8. Taxes Levied
11.2.9. Corporate Tax Structure
11.2.10. Investments
11.2.11. Major Companies
11.3. Asia-Pacific Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
11.4. Asia-Pacific Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
11.5. Asia-Pacific Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.6. Asia-Pacific Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.7. Asia-Pacific Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.8. Asia-Pacific Engineering Services Market: Country Analysis
11.9. China Market
11.10. Summary
11.11. Market Overview
11.11.1. Country Information
11.11.2. Market Information
11.11.3. Background Information
11.11.4. Government Initiatives
11.11.5. Regulations
11.11.6. Regulatory Bodies
11.11.7. Major Associations
11.11.8. Taxes Levied
11.11.9. Corporate tax structure
11.11.10. Investments
11.11.11. Major Companies
11.12. China Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
11.13. China Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
11.14. China Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.15. China Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.16. China Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.17. India Market
11.18. India Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
11.19. India Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
11.20. India Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.21. India Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.22. India Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.23. Japan Market
11.24. Japan Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
11.25. Japan Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
11.26. Japan Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.27. Japan Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.28. Japan Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.29. Australia Market
11.30. Australia Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
11.31. Australia Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
11.32. Australia Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.33. Australia Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.34. Australia Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.35. Indonesia Market
11.36. Indonesia Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
11.37. Indonesia Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
11.38. Indonesia Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.39. Indonesia Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.40. Indonesia Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.41. South Korea Market
11.42. South Korea Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
11.43. South Korea Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
11.44. South Korea Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.45. South Korea Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
11.46. South Korea Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
12. Western Europe Market
12.1. Summary
12.2. Market Overview
12.2.1. Region Information
12.2.2. Market Information
12.2.3. Background Information
12.2.4. Government Initiatives
12.2.5. Regulations
12.2.6. Regulatory Bodies
12.2.7. Major Associations
12.2.8. Taxes Levied
12.2.9. Corporate tax structure
12.2.10. Investments
12.2.11. Major Companies
12.3. Western Europe Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
12.4. Western Europe Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
12.5. Western Europe Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
12.6. Western Europe Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
12.7. Western Europe Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
12.8. Western Europe Engineering Services Market: Country Analysis
12.9. UK Market
12.10. UK Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
12.11. UK Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
12.12. UK Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
12.13. UK Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
12.14. UK Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
12.15. Germany Market
12.16. Germany Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
12.17. Germany Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
12.18. Germany Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
12.19. Germany Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
12.20. Germany Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
12.21. France Market
12.22. France Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
12.23. France Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
12.24. France Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
12.25. France Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
12.26. France Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
13. Eastern Europe Market
13.1. Summary
13.2. Market Overview
13.2.1. Region Information
13.2.2. Market Information
13.2.3. Background Information
13.2.4. Government Initiatives
13.2.5. Regulations
13.2.6. Regulatory Bodies
13.2.7. Major Associations
13.2.8. Taxes Levied
13.2.9. Corporate Tax Structure
13.2.10. Investments
13.2.11. Major Companies
13.3. Eastern Europe Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
13.4. Eastern Europe Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
13.5. Eastern Europe Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
13.6. Eastern Europe Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
13.7. Eastern Europe Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
13.8. Eastern Europe Engineering Services Market: Country Analysis
13.9. Russia Market
13.10. Russia Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
13.11. Russia Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
13.12. Russia Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
13.13. Russia Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
13.14. Russia Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
14. North America Market
14.1. Summary
14.2. Market Overview
14.2.1. Region Information
14.2.2. Market Information
14.2.3. Background Information
14.2.4. Government Initiatives
14.2.5. Regulations
14.2.6. Regulatory Bodies
14.2.7. Major Associations
14.2.8. Taxes Levied
14.2.9. Corporate Tax Structure
14.2.10. Investments
14.2.11. Major Companies
14.3. North America Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
14.4. North America Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
14.5. North America Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
14.6. North America Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
14.7. North America Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
14.8. North America Engineering Services Market: Country Analysis
14.9. USA Market
14.10. Summary
14.11. Market Overview
14.11.1. Country Information
14.11.2. Market Information
14.11.3. Background Information
14.11.4. Government Initiatives
14.11.5. Regulations
14.11.6. Regulatory Bodies
14.11.7. Major Associations
14.11.8. Taxes Levied
14.11.9. Corporate Tax Structure
14.11.10. Investments
14.11.11. Major Companies
14.12. USA Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
14.13. USA Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
14.14. USA Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
14.15. USA Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
14.16. USA Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
15. South America Market
15.1. Summary
15.2. Market Overview
15.2.1. Region Information
15.2.2. Market Information
15.2.3. Background Information
15.2.4. Government Initiatives
15.2.5. Regulations
15.2.6. Regulatory Bodies
15.2.7. Major Associations
15.2.8. Taxes Levied
15.2.9. Corporate Tax Structure
15.2.10. Investments
15.2.11. Major Companies
15.3. South America Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
15.4. South America Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
15.5. South America Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
15.6. South America Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
15.7. South America Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
15.8. South America Engineering Services Market: Country Analysis
15.9. Brazil Market
15.10. Brazil Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
15.11. Brazil Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
15.12. Brazil Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
15.13. Brazil Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
15.14. Brazil Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
16. Middle East Market
16.1. Summary
16.2. Market Overview
16.2.1. Region Information
16.2.2. Market Information
16.2.3. Background Information
16.2.4. Government Initiatives
16.2.5. Regulations
16.2.6. Regulatory Bodies
16.2.7. Major Associations
16.2.8. Taxes Levied
16.2.9. Corporate Tax Structure
16.2.10. Investments
16.2.11. Major Companies
16.3. Middle East Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
16.4. Middle East Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
16.5. Middle East Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
16.6. Middle East Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
16.7. Middle East Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
17. Africa Market
17.1. Summary
17.2. Market Overview
17.2.1. Region Information
17.2.2. Market Information
17.2.3. Background Information
17.2.4. Government Initiatives
17.2.5. Regulations
17.2.6. Regulatory Bodies
17.2.7. Major Associations
17.2.8. Taxes levied
17.2.9. Corporate Tax Structure
17.2.10. Investments
17.2.11. Major Companies
17.3. Africa Engineering Services Market, Historic Market Growth, 2017 - 2022, Value ($ Billion)
17.4. Africa Engineering Services Market, Forecast Market Growth, 2022 - 2027, 2032F Value ($ Billion)
17.5. Africa Engineering Services Market, Segmentation By Type, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
17.6. Africa Engineering Services Market, Segmentation By End User, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
17.7. Africa Engineering Services Market, Segmentation By Engineering Disciplines, Historic And Forecast, 2017 - 2022, 2027F, 2032F, Value ($ Billion)
18. Competitive Landscape And Company Profiles
18.1. Company Profiles
18.2. AECOM Technology Corporation
18.2.1. Company Overview
18.2.2. Products And Services
18.2.3. Business Strategy
18.2.4. Financial Overview
18.3. WorleyParsons Limited
18.3.1. Company Overview
18.3.2. Products And Services
18.3.3. Business Strategy
18.3.4. Financial Overview
18.4. SNC-Lavalin
18.4.1. Company Overview
18.4.2. Products And Services
18.4.3. Business Strategy
18.4.4. Financial Overview
18.5. Babcock International
18.5.1. Company Overview
18.5.2. Products And Services
18.5.3. Business Strategy
18.5.4. Financial Overview
18.6. Fluor Corporation
18.6.1. Company Overview
18.6.2. Products And Services
18.6.3. Business Strategy
18.6.4. Financial Overview
19. Key Mergers And Acquisitions
19.1. WSP Acquired BG Consulting Engineers
19.2. Cognizant Acquired Mobica
19.3. KKR Acquired S&P Global’s Engineering Solutions Business
19.4. BorgWarner Acquired Drivetek
19.5. Bowman Consulting Acquired SEI Engineering
19.6. IBM Acquired Dialexa
19.7. Colliers Acquired PEAKURBAN Pty Limited
19.8. British Engineering Services Acquired XEIAD
19.9. Cyient acquired Celfinet
19.10. British Engineering Services Group Acquired Notus Heavy Lift Solutions.
19.11. UGL Acquires Logistic Engineering Services
19.12. Cyient Acquired Citec
19.13. Deloitte Touche Tohmatsu Limited Acquired Dextra Technologies
19.14. P2S Acquires Power Engineering Services Inc.
19.15. Qualus Power Services LLC Acquired Phoenix Engineering Services Inc.
19.16. Wipro Limited Acquired Eximius Design.
20. Opportunities And Strategies
20.1. Global Engineering Services Market In 2027 - Countries Offering Most New Opportunities
20.2. Global Engineering Services Market In 2027 - Segments Offering Most New Opportunities
20.3. Global Engineering Services Market In 2027 - Growth Strategies
20.3.1. Market Trend Based Strategies
20.3.2. Competitor Strategies
21. Engineering Services Market, Conclusions And Recommendations
21.1. Conclusions
21.2. Recommendations
21.2.1. Product
21.2.2. Place
21.2.3. Price
21.2.4. Promotion
21.2.5. People
22. Appendix
22.1. Market Data Sources
22.2. Research Methodology
22.3. Currencies
22.4. About the Publisher
22.5. Copyright and Disclaimer
Executive Summary
Engineering Services Global Market Opportunities and Strategies to 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global engineering services market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description:
Where is the largest and fastest-growing market for engineering services? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The engineering services market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider engineering services market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics
- Key Trends
- Global Market Size and Growth
- Regional Analysis
- Market Segmentation
- Regional Market Size and Growth
- Competitive Landscape
- Key Mergers and Acquisitions
- Market Opportunities and Strategies
- Conclusions And Recommendations
- Appendix
Scope
Markets Covered:
1) By Type: Civil Engineering Services; Electrical Engineering Services; Mechanical Engineering Services; Others Engineering Services2) By End-User: Transportation Infrastructure; Other Infrastructure; Automotive; Industrial Manufacturing; Healthcare Sector; Aerospace; Telecommunications; Information Technology; Oil And Gas; Energy And Utilities; Other End-Users
3) By Engineering Disciplines: Civil; Mechanical; Electrical; Piping and Structural Engineering; Other Engineering Disciplines
4) By Delivery Model: Offshore; Onsite
Companies Mentioned: AECOM; WorleyParsons Limited; SNC-Lavalin; Babcock International; Fluor Corporation
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; engineering services indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AECOM
- WorleyParsons Limited
- SNC-Lavalin
- Babcock International
- Fluor Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 391 |
| Published | April 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1098.26 Billion |
| Forecasted Market Value ( USD | $ 1656.21 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
