Engineering Services Market
Engineering Services Market Analysis, By Service (Construction Management Service, Transportation & Traffic Engineering, Municipal Engineering/Land Development, Bridge Inspections & Engineering & others),By Functional Area, By End-use Industry - Global Market Insights 2022 to 2032
Analysis of Engineering Services market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Engineering Services Market Outlook (2022-2032)
The global engineering services market is valued at US$ 707 billion at present and is forecast to become a trillion-dollar industry by 2032, expanding at a CAGR of 5.9% between 2022 and 2032.
Offering a spectrum of engineering services spread across a plethora of industry verticals, this fast-growing industry accounted for around 5% share of all enterprise professional services.
Report Attributes |
Details |
|---|---|
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Engineering Services Market Size (2021A) |
US$ 670 Billion |
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Estimated Market Value (2022E) |
US$ 707.5 Billion |
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Forecasted Market Value (2032F) |
US$ 1,220 Billion |
|
Global Market Growth Rate (2022-2032) |
5.6% CAGR |
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North America Market Share (2021) |
~38% |
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East Asia Market Growth Rate (2022-2032) |
~6.5% CAGR |
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United States Market Growth Rate (2022-2032) |
~5.6% CAGR |
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Market Share of Top 5 Companies |
~7% |
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Key Companies Profiled |
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Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Economic Activity Diversification Creating Incremental Demand for Engineering Services
Infrastructure development is not just an indicator of economic growth but also for supporting economic activity. Engineering service firms provide design, planning, and consulting for infrastructure development such as highways, bridges, tunnels, water sources, and others. With rising investments in infrastructure development worldwide, demand for engineering service outsourcing is projected to rise at a significant rate over the coming years.
- As per the International Transport Forum, investments in inland infrastructure as a percentage of GDP varied from 0.2% to 5.8%. China accounts for a leading percentage of 5.8%, and Mexico with the least percentage of 0.2%.
As such, increasing investments in infrastructure development across the world are expected to drive market growth over the studied period.
- Short Term (2022-2025): Post-COVID there has been an increase in infrastructure development, industrial building, manufacturing plants, and others. This factor will result in significant growth of the engineering consulting services market.
- Medium Term (2025-2028): Developing economies such as China, India, and others from the Asia Pacific region account for a substantial share of infrastructure development. Therefore, the market will see potential growth opportunities in way of expansion among developing economies.
- Long Term (2028-2032): Globally, infrastructure development is expected to rise during this period. Along with growing population & urbanization, it may lead to an increase in the automotive, aircraft, and building sectors, which is expected to create potential opportunities for market growth.
The global engineering services market expanded at a CAGR of 5.2% between 2017 and 2021, according to Fact.MR, a market research and competitive intelligence provider. As per the analysis, the market is projected to progress further at a 5.6% CAGR through 2032.
Market share analysis of engineering services based on service and region. Under the service segment, construction management services dominate with 23% market share in 2022.
What’s Driving Demand for Engineering Services?
“Continuous Development of Smart Cities”
Smart city development is a trend in both developed and developing economies. The growing development of smart cities worldwide is a major factor stimulating the demand for engineering services.
- For instance, according to a study by the Consumer Technology Association, smart city spending would reach US$ 35.35 billion by the end of the decade from US$ 14.85 billion in 2015.
Engineering service corporations are essential facilitators of the global vision through updating infrastructure to include sensing technology and data analytics focused on updating infrastructure to include sensing technology and data analytics. Therefore, the development of smart cities and new investments in industry expansion in China, India, and Indonesia will boost the demand for engineering and design services.
“Rapid Adoption of Advanced Technologies”
Modern construction, design, and engineering projects have become extremely complex these days and require engineers for essential inputs from vivid backgrounds along with advanced technologies like artificial intelligence, the internet of things, and IT solutions such as engineering analytics.
These technologies are beneficial in solving complex design issues and addressing the right solutions adequately to offer increased productivity and help in smart decision-making. Owing to such factors, demand for engineering services is expected to see significant growth in managing the complex connected infrastructure. Moreover, these technologies minimize the errors associated with the development of products and infrastructure and enhance business efficiency.
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What Can Challenge the Growth of the Engineering Services Market?
“Lack of Skilled Professionals – A Market Dampener”
A large number of graduate engineers worldwide lack the skills required by the client, which is restraining the market growth. Since, the utility of advanced technologies such as mobile technologies, Artificial Intelligence, data engineering, and machine learning are in trend. However, only 3% of engineers possess the skills in these areas.
It has been found that 25% of engineers graduating from Indian engineering schools are of high quality, while 80%-85% of young people lack the skills necessary for any profession. Additionally, the engineering and industrial sectors were negatively impacted by COVID-19, with roughly 85% of employees experiencing a skills shortage in 2020.
Country-wise Insights
Asia Pacific Governments’ Move towards Infrastructure Development Drive Demand for Engineering Consulting Services
The Asia Pacific (East Asia & South Asia & Oceania) engineering services market holds 23% share of the global market at present.
Favorable government initiative toward the development of economic infrastructure coupled with an increasing level of urbanization in the Asia Pacific region is one of the major factors driving the growth of the market.
- For instance, in 2021, the Civil Aviation Administration of China recorded 248 civil airports in 2021, and water transportation infrastructure will see tremendous growth in its coastal and inland river ports with 2,207 and 452 berths of 10,000 tons deadweight and above, respectively.
With an average yearly urbanization rate of 3%, East Asia and the Pacific is the region in the world that is urbanizing the fastest. Such elements are anticipated to fuel market growth for engineering services in the Asia Pacific region.
India’s Engineering Service Market to Be Highly Lucrative
The Indian government places a strong emphasis on infrastructure development because it is crucial to the country’s overall growth. It is trying to ensure that world-class infrastructure is built across the country on schedule. Power plants, bridges, dams, highways, and urban infrastructure development, all come under the infrastructure sector.
- Through its "National Infrastructure Pipeline," India intends to invest US$ 1.4 trillion in infrastructure over the next five years. Infrastructure-related operations made up around 13% of the US$ 81.72 billion in total FDI inflows in FY21.
Also, the government is making investments in the aviation sector to increase international trade and fuel market growth. India intends to launch 1,000 new connections connecting the nation's smaller cities and villages by opening 100 extra airports by 2024. Such development activities will boost the building of infrastructure in the area, favorably affecting the market for engineering services.
The Indian engineering service market is expected to grow at a CAGR of 6.2% through 2032.
Category-wise Insights
Construction Management Services to Be in High Demand
Rising urbanization and population growth are impacting the construction of buildings, rail structures, tunnels, bridges, and others. This factor is driving the demand for engineering consulting services in the construction industry.
Planning and designing is an essential part of construction projects offered by engineering service providers to ensure the proper amalgamation of the design and construction process. Whereas, surging renovation activities with the increasing demand to protract the life of structures are expected to stimulate segment growth over the decade.
The construction management segment accounts for a share of 23% of the global engineering service market.
Industrial Sector to Hold Leading Share in Global Market
The industrial sector is projected to account for a leading share of 21% in the global engineering services market.
Development of the industrial sector requires professionals and experts from various disciplines, which is projected to stimulate the demand for engineering consultants. With increArdurra Groupasing digitalization across different sectors, the industrial sector has seen the tremendous utility of smart technologies in various processes such as crushing, tunneling, blasting, and others.
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Competitive Landscape
Prominent engineering service providers are AECOM, Affiliated Engineers Inc, AKF Group LLC, Arcadis, Arora Engineers, Arup, Burns & McDonnell, CJL Engineering, Coffman Engineers, ESD, IMEG Corp., Integral Group, Interface Engineering, Jensen Hughes, Kimley-Horn, Loring Consulting Engineers, M & E Consulting Engineers, Magnusson Klemencic Associates, Martin/Martin Consulting Engineers, Mott MacDonald, RMF Engineering, Smith Seckman Reid, Stantec, Terracon Consultants, Tetra Tech High Performance Buildings Group, Vanderweil Engineers, Walter P Moore, and WSP USA.
The competitive intensity in the global engineering consortium consulting market is high with the presence of various new and established players in the market. Strategic moves by these market players, such as acquisitions, mergers, and partnerships are being implemented to upscale their presence among end users.
- In November 2021, Ardurra Group, a consulting and engineering services firm, acquired and merged with Ritoch-Powell & Associates, which is a civil engineering firm. The aim behind this initiative was to enhance the company’s service offerings and global footprint.
- In October 2021, Ransom Consulting, an environmental & engineering firm, acquired Civalier Engineering & Surveying, Inc. Through this acquisition, Ranson expanded to six new offices across the New England and Atlantic region.
- In October 2019, Balfour Beatty, an infrastructure group, signed a partnership agreement with the North Carolina Department of Transportation (NCDOT) to upgrade traffic on a 5.1-mile stretch of U.S. 70 in James City in Craven County. This project is outlined to enhance local community services and improve economic development in the area.
Fact.MR has provided detailed information about the providers of engineering services positioned across regions, sales growth, and service offering expansion, in the recently published report.
Segmentation of Engineering Services Industry Survey
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By Service :
- Construction Management Services
- Transportation and Traffic Engineering
- Municipal Engineering/Land Development
- Bridge Inspections and Engineering
- Enterprise Architecture
- Aircraft Modification & Certification
- Manufacturing Engineering
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By Functional Area :
- System Engineering and Process Engineering Support
- Modeling, Simulation
- Prototyping, Pre-Production, Model-Making, and Fabrication Support
- System Design Documentation and Technical Data Support
- Software Engineering, Development, Programming, and Network Support
- Reliability, Maintainability, and Availability (RM&A) Support
- Human Factors, Performance, and Usability Engineering Support
- System Safety Engineering Support
- Configuration Management (CM) Support
- Quality Assurance (QA) Support
- Information System (IS) Development, Information Assurance (IA), and Information Technology (IT) Support
- Interoperability, Test and Evaluation, Trials Support
- Measurement Facilities, Range, and Instrumentation Support
- Supply and Provisioning Support
- Training Support
- In-Service Engineering, Fleet Introduction, Installation Support
- Others
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By End-use Industry :
- Industrial
- Aerospace & Defense
- Automotive
- Energy & Power
- Healthcare
- Oil & Gas
- Construction
- Government & Public
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By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
1. Executive summary- Global Engineering Services Market 2. Market Overview 2.1. Market Definition and Introduction 2.2. Market Taxonomy/ Research Scope 3. Market Characteristic – Bird Eye View 3.1. Number of Active Enterprises by Key Countries 3.2. Number of People Employed 3.3. Average Operating Margin 3.4. Average Revenue Per Employee 3.5. Threshold of Revenue Volatility 3.6. Consistency in Demand 3.7. Key Barriers to Entry 3.8. Key Customer Archetypes 4. Market Background and Foundation Data 4.1. Global Consulting Industry Outlook 4.2. Enterprise Engineering Service Benchmark by Industry Verticals 4.3. Engineering Services as a % of Total Consulting Service Industry Revenue, 2021 4.4. Global Economy Spending Ratio on Engineering Service 4.5. Growth & Development Pattern in Engineering Services Market 4.6. Market Dynamics 4.6.1. Key Growth Drivers 4.6.2. Industry Challenges 4.6.3. Notable Current and Future Trends 4.7. Opportunity and White Space Assessment 4.7.1. Total Available Market (US$ Bn) 4.7.2. Serviceable Addressable Market (US$ Bn) 4.7.3. Serviceable Obtainable Market (US$ Bn) 4.8. Forecast and Macro-Economic Factors – Relevance and Impact 4.9. Key Success Factors and Winning Imperatives 5. Global Engineering Services Market Value (US$ Bn) Analysis and Forecast 5.1. Historical Market Value (US$ Bn) Analysis, 2017-2021 5.2. Current and Future Market Value (US$ Bn), 2022-2032 5.2.1. Y-o-Y Growth Trend Analysis 5.2.2. Absolute $ Opportunity Analysis 6. Global Engineering Services Market Analysis and Forecast, By Services 6.1. Introduction / Key Findings 6.2. Historical Market Size (US$ Bn) By Services, 2017-2021 6.3. Current and Future Market Size (US$ Bn) Forecast By Services, 2022-2032 6.3.1. Construction management services 6.3.2. Municipal Engineering/Land Development 6.3.3. Bridge Inspections and Engineering 6.3.4. Enterprise architecture 6.3.5. Aircraft modification & certification 6.3.6. Transportation and Traffic Engineering 6.3.7. Manufacturing Engineering 6.3.8. Others (Not Classified Elsewhere) 6.4. Market Attractiveness Analysis By Services 7. Global Engineering Services Market Analysis and Forecast, By End-use Industry 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ Bn) By End-use Industry, 2017-2021 7.3. Current and Future Market Size (US$ Bn) Forecast By End-use Industry, 2022-2032 7.3.1. Industrial 7.3.2. Aerospace & defense 7.3.3. Automotive 7.3.4. Energy & Power 7.3.5. Healthcare 7.3.6. Oil & Gas 7.3.7. Construction 7.3.8. Government & Public 7.4. Market Attractiveness Analysis By End-use Industry 8. Global Engineering Services Market Analysis and Forecast, By Region 8.1. Introduction 8.2. Historical Market Size (US$ Bn) By Region, 2017-2021 8.3. Current Market Size (US$ Bn) Forecast By Region, 2022-2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. East Asia 8.3.5. South Asia and Oceania 8.3.6. Middle East & Africa 8.4. Market Attractiveness Analysis By Region 9. North America Engineering Services Market Analysis and Forecast 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Bn) Trend By Market Taxonomy, 2017-2021 9.3. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 9.3.1.By Country 9.3.1.1. U.S. 9.3.1.2. Canada 9.3.2.By Services 9.3.3.By End-use Industry 9.4. Market Attractiveness Analysis 9.4.1. By Country 9.4.2. By Services 9.4.3. By End-use Industry 10. Latin America Engineering Services Market Analysis and Forecast 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Bn) Trend By Market Taxonomy, 2017-2021 10.3. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 10.3.1. By Country 10.3.1.1. Brazil 10.3.1.2. Mexico 10.3.1.3. Argentina 10.3.1.4. Peru 10.3.1.5. Rest of Latin America 10.3.2. By Services 10.3.3. By End-use Industry 10.4. Market Attractiveness Analysis 10.4.1. By Country 10.4.2. By Services 10.4.3. By End-use Industry 11. Europe Engineering Services Market Analysis and Forecast 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Bn) Trend By Market Taxonomy, 2017-2021 11.3. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 11.3.1. By Country 11.3.1.1. Germany 11.3.1.2. Italy 11.3.1.3. France 11.3.1.4. U.K. 11.3.1.5. Spain 11.3.1.6. BENELUX 11.3.1.7. NORDIC 11.3.1.8. Rest of Europe 11.3.2. By Services 11.3.3. By End-use Industry 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Services 11.4.3. By End-use Industry 12. East Asia Engineering Services Market Analysis and Forecast 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ Bn) Trend By Market Taxonomy, 2017-2021 12.3. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 12.3.1. By Country 12.3.1.1. China 12.3.1.2. Japan 12.3.1.3. South Korea 12.3.2. By Services 12.3.3. By End-use Industry 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Services 12.4.3. By End-use Industry 13. South Asia & Oceania Engineering Services Market Analysis and Forecast 13.1. Introduction / Key Findings 13.2. Historical Market Size (US$ Bn) Trend By Market Taxonomy, 2017-2021 13.3. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 13.3.1. By Country 13.3.1.1. India 13.3.1.2. Thailand 13.3.1.3. Indonesia 13.3.1.4. Malaysia 13.3.1.5. Australia 13.3.1.6. Rest of South Asia & Oceania 13.3.2. By Services 13.3.3. By End-use Industry 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Services 13.4.3. By End-use Industry 14. Middle East & Africa Engineering Services Market Analysis and Forecast 14.1. Introduction / Key Findings 14.2. Historical Market Size (US$ Bn) Trend By Market Taxonomy, 2017-2021 14.3. Market Size (US$ Bn) Forecast By Market Taxonomy, 2022 - 2032 14.3.1. By Country 14.3.1.1. GCC Countries 14.3.1.2. Turkey 14.3.1.3. North African Region 14.3.1.4. South Africa 14.3.1.5. Rest of Middle East and Africa 14.3.2. By Services 14.3.3. By End-use Industry 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Services 14.4.3. By End-use Industry 15. Country-level Engineering Services Market Analysis and Forecast 15.1. Introduction / Key Findings 15.1.1. Market Value Proportion Analysis, By Key Countries 15.1.2. Global Vs. Country Growth Comparison 15.2. Us Engineering Services Market Analysis 15.2.1. Value Proportion Analysis By Market Taxonomy 15.2.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.2.2.1. By Services 15.2.2.2. By End-use Industry 15.3. Canada Engineering Services Market Analysis 15.3.1. Value Proportion Analysis By Market Taxonomy 15.3.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.3.2.1. By Services 15.3.2.2. By End-use Industry 15.4. Brazil Engineering Services Market Analysis 15.4.1. Value Proportion Analysis By Market Taxonomy 15.4.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.4.2.1. By Services 15.4.2.2. By End-use Industry 15.5. Mexico Engineering Services Market Analysis 15.5.1. Value Proportion Analysis By Market Taxonomy 15.5.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.5.2.1. By Services 15.5.2.2. By End-use Industry 15.6. Argentina Engineering Services Market Analysis 15.6.1. Value Proportion Analysis By Market Taxonomy 15.6.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.6.2.1. By Services 15.6.2.2. By End-use Industry 15.7. Germany Engineering Services Market Analysis 15.7.1. Value Proportion Analysis By Market Taxonomy 15.7.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.7.2.1. By Services 15.7.2.2. By End-use Industry 15.8. France Engineering Services Market Analysis 15.8.1. Value Proportion Analysis By Market Taxonomy 15.8.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.8.2.1. By Services 15.8.2.2. By End-use Industry 15.9. Italy Engineering Services Market Analysis 15.9.1. Value Proportion Analysis By Market Taxonomy 15.9.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.9.2.1. By Services 15.9.2.2. By End-use Industry 15.10. Spain Engineering Services Market Analysis 15.10.1. Value Proportion Analysis By Market Taxonomy 15.10.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.10.2.1. By Services 15.10.2.2. By End-use Industry 15.11. Peru Engineering Services Market Analysis 15.11.1. Value Proportion Analysis By Market Taxonomy 15.11.2. Value Proportion Analysis By Market Taxonomy 15.11.3. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.11.3.1. By Services 15.11.3.2. By End-use Industry 15.12. NORDIC Engineering Services Market Analysis 15.12.1. Value Proportion Analysis By Market Taxonomy 15.12.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.12.2.1. By Services 15.12.2.2. By End-use Industry 15.13. BENELUX Engineering Services Market Analysis 15.13.1. Value Proportion Analysis By Market Taxonomy 15.13.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.13.2.1. By Services 15.13.2.2. By End-use Industry 15.14. U.K. Engineering Services Market Analysis 15.14.1. Value Proportion Analysis By Market Taxonomy 15.14.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.14.2.1. By Services 15.14.2.2. By End-use Industry 15.15. China Engineering Services Market Analysis 15.15.1. Value Proportion Analysis By Market Taxonomy 15.15.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.15.2.1. By Services 15.15.2.2. By End-use Industry 15.16. Japan Engineering Services Market Analysis 15.16.1. Value Proportion Analysis By Market Taxonomy 15.16.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.16.2.1. By Services 15.16.2.2. By End-use Industry 15.17. South Korea Engineering Services Market Analysis 15.17.1. Value Proportion Analysis By Market Taxonomy 15.17.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.17.2.1. By Services 15.17.2.2. By End-use Industry 15.18. India Engineering Services Market Analysis 15.18.1. Value Proportion Analysis By Market Taxonomy 15.18.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.18.2.1. By Services 15.18.2.2. By End-use Industry 15.19. ASEAN Countries Engineering Services Market Analysis 15.19.1. Value Proportion Analysis By Market Taxonomy 15.19.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.19.2.1. By Services 15.19.2.2. By End-use Industry 15.20. GCC Countries Engineering Services Market Analysis 15.20.1. Value Proportion Analysis By Market Taxonomy 15.20.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.20.2.1. By Services 15.20.2.2. By End-use Industry 15.21. Turkey Engineering Services Market Analysis 15.21.1. Value Proportion Analysis By Market Taxonomy 15.21.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.21.2.1. By Services 15.21.2.2. By End-use Industry 15.22. South Africa Engineering Services Market Analysis 15.22.1. Value Proportion Analysis By Market Taxonomy 15.22.2. Value (US$ Bn) Analysis and Forecast By Market Taxonomy, 2017-2032 15.22.2.1. By Services 15.22.2.2. By End-use Industry 16. Engineering Services Market Structure Analysis 16.1. Market Analysis By Tier of Companies 16.2. Market Concentration of Players 16.3. Market Share Analysis of Top Players 17. Engineering Services Competition Analysis 17.1. Competition Dashboard 17.2. Competition Deep Dive / Company Profiles: Engineering Services Market 17.2.1. AECOM 17.2.1.1. Overview 17.2.1.2. Service Portfolio 17.2.1.3. Key Financials 17.2.1.4. SWOT Analysis 17.2.1.5. Key Developments 17.2.1.6. Strategy Overview 17.2.2. Affiliated Engineers Inc 17.2.2.1. Overview 17.2.2.2. Service Portfolio 17.2.2.3. Key Financials 17.2.2.4. SWOT Analysis 17.2.2.5. Key Developments 17.2.2.6. Strategy Overview 17.2.3. AKF Group LLC 17.2.3.1. Overview 17.2.3.2. Service Portfolio 17.2.3.3. Key Financials 17.2.3.4. SWOT Analysis 17.2.3.5. Key Developments 17.2.3.6. Strategy Overview 17.2.4. Arcadis 17.2.4.1. Overview 17.2.4.2. Service Portfolio 17.2.4.3. Key Financials 17.2.4.4. SWOT Analysis 17.2.4.5. Key Developments 17.2.4.6. Strategy Overview 17.2.5. Arora Engineers 17.2.5.1. Overview 17.2.5.2. Service Portfolio 17.2.5.3. Key Financials 17.2.5.4. SWOT Analysis 17.2.5.5. Key Developments 17.2.5.6. Strategy Overview 17.2.6. Arup 17.2.6.1. Overview 17.2.6.2. Service Portfolio 17.2.6.3. Key Financials 17.2.6.4. SWOT Analysis 17.2.6.5. Key Developments 17.2.6.6. Strategy Overview 17.2.7. Burns & McDonnell 17.2.7.1. Overview 17.2.7.2. Service Portfolio 17.2.7.3. Key Financials 17.2.7.4. SWOT Analysis 17.2.7.5. Key Developments 17.2.7.6. Strategy Overview 17.2.8. CJL Engineering 17.2.8.1. Overview 17.2.8.2. Service Portfolio 17.2.8.3. Key Financials 17.2.8.4. SWOT Analysis 17.2.8.5. Key Developments 17.2.8.6. Strategy Overview 17.2.9. Coffman Engineers 17.2.9.1. Overview 17.2.9.2. Service Portfolio 17.2.9.3. Key Financials 17.2.9.4. SWOT Analysis 17.2.9.5. Key Developments 17.2.9.6. Strategy Overview 17.2.10. ESD 17.2.10.1. Overview 17.2.10.2. Service Portfolio 17.2.10.3. Key Financials 17.2.10.4. SWOT Analysis 17.2.10.5. Key Developments 17.2.10.6. Strategy Overview 17.2.11. IMEG Corp. 17.2.11.1. Overview 17.2.11.2. Service Portfolio 17.2.11.3. Key Financials 17.2.11.4. SWOT Analysis 17.2.11.5. Key Developments 17.2.11.6. Strategy Overview 17.2.12. Integral Group 17.2.12.1. Overview 17.2.12.2. Service Portfolio 17.2.12.3. Key Financials 17.2.12.4. SWOT Analysis 17.2.12.5. Key Developments 17.2.12.6. Strategy Overview 17.2.13. Interface Engineering 17.2.13.1. Overview 17.2.13.2. Service Portfolio 17.2.13.3. Key Financials 17.2.13.4. SWOT Analysis 17.2.13.5. Key Developments 17.2.13.6. Strategy Overview 17.2.14. Jensen hughes 17.2.14.1. Overview 17.2.14.2. Service Portfolio 17.2.14.3. Key Financials 17.2.14.4. SWOT Analysis 17.2.14.5. Key Developments 17.2.14.6. Strategy Overview 17.2.15. Kimley-Horn 17.2.15.1. Overview 17.2.15.2. Service Portfolio 17.2.15.3. Key Financials 17.2.15.4. SWOT Analysis 17.2.15.5. Key Developments 17.2.15.6. Strategy Overview 17.2.16. Loring Consulting Engineers 17.2.16.1. Overview 17.2.16.2. Service Portfolio 17.2.16.3. Key Financials 17.2.16.4. SWOT Analysis 17.2.16.5. Key Developments 17.2.16.6. Strategy Overview 17.2.17. M & E Consulting Engineers 17.2.17.1. Overview 17.2.17.2. Service Portfolio 17.2.17.3. Key Financials 17.2.17.4. SWOT Analysis 17.2.17.5. Key Developments 17.2.17.6. Strategy Overview 17.2.18. Magnusson Klemencic Associates 17.2.18.1. Overview 17.2.18.2. Service Portfolio 17.2.18.3. Key Financials 17.2.18.4. SWOT Analysis 17.2.18.5. Key Developments 17.2.18.6. Strategy Overview 17.2.19. Martin/Martin Consulting Engineers 17.2.19.1. Overview 17.2.19.2. Service Portfolio 17.2.19.3. Key Financials 17.2.19.4. SWOT Analysis 17.2.19.5. Key Developments 17.2.19.6. Strategy Overview 17.2.20. Mott MacDonald 17.2.20.1. Overview 17.2.20.2. Service Portfolio 17.2.20.3. Key Financials 17.2.20.4. SWOT Analysis 17.2.20.5. Key Developments 17.2.20.6. Strategy Overview 17.2.21. RMF Engineering 17.2.21.1. Overview 17.2.21.2. Service Portfolio 17.2.21.3. Key Financials 17.2.21.4. SWOT Analysis 17.2.21.5. Key Developments 17.2.21.6. Strategy Overview 17.2.22. Smith Seckman Reid 17.2.22.1. Overview 17.2.22.2. Service Portfolio 17.2.22.3. Key Financials 17.2.22.4. SWOT Analysis 17.2.22.5. Key Developments 17.2.22.6. Strategy Overview 17.2.23. Stantec 17.2.23.1. Overview 17.2.23.2. Service Portfolio 17.2.23.3. Key Financials 17.2.23.4. SWOT Analysis 17.2.23.5. Key Developments 17.2.23.6. Strategy Overview 17.2.24. Terracon Consultants 17.2.24.1. Overview 17.2.24.2. Service Portfolio 17.2.24.3. Key Financials 17.2.24.4. SWOT Analysis 17.2.24.5. Key Developments 17.2.24.6. Strategy Overview 17.2.25. Tetra Tech High Performance Buildings Group 17.2.25.1. Overview 17.2.25.2. Service Portfolio 17.2.25.3. Key Financials 17.2.25.4. SWOT Analysis 17.2.25.5. Key Developments 17.2.25.6. Strategy Overview 17.2.26. Vanderweil Engineers 17.2.26.1. Overview 17.2.26.2. Service Portfolio 17.2.26.3. Key Financials 17.2.26.4. SWOT Analysis 17.2.26.5. Key Developments 17.2.26.6. Strategy Overview 17.2.27. walter p moore 17.2.27.1. Overview 17.2.27.2. Service Portfolio 17.2.27.3. Key Financials 17.2.27.4. SWOT Analysis 17.2.27.5. Key Developments 17.2.27.6. Strategy Overview 17.2.28. WSP USA 17.2.28.1. Overview 17.2.28.2. Service Portfolio 17.2.28.3. Key Financials 17.2.28.4. SWOT Analysis 17.2.28.5. Key Developments 17.2.28.6. Strategy Overview 18. Assumptions & Acronyms Used 19. Research Methodology
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List Of Table
Table 01. Global Engineering Services Market Value (US$ Billion) and Forecast By Region, 2017-2021
Table 02. Global Engineering Services Market Value (US$ Billion) and Forecast By Region, 2022-2032
Table 03. Global Engineering Services Market Value (US$ Billion) and Forecast By Services, 2017-2021
Table 04. Global Engineering Services Market Value (US$ Billion) and Forecast By Services, 2022-2032
Table 05. Global Engineering Services Market Value (US$ Billion) and Forecast By End-use Industry, 2017-2021
Table 06. Global Engineering Services Market Value (US$ Billion) and Forecast By End-use Industry, 2022-2032
Table 07. North America Engineering Services Market Value (US$ Billion) and Forecast By Country, 2017-2021
Table 08. North America Engineering Services Market Value (US$ Billion) and Forecast By Country, 2022-2032
Table 09. North America Engineering Services Market Value (US$ Billion) and Forecast By Services, 2017-2021
Table 10. North America Engineering Services Market Value (US$ Billion) and Forecast By Services, 2022-2032
Table 11. North America Engineering Services Market Value (US$ Billion) and Forecast By End-use Industry, 2017-2021
Table 12. North America Engineering Services Market Value (US$ Billion) and Forecast By End-use Industry, 2022-2032
Table 13. Latin America Engineering Services Market Value (US$ Billion) and Forecast By Country, 2017-2021
Table 14. Latin America Engineering Services Market Value (US$ Billion) and Forecast By Country, 2022-2032
Table 15. Latin America Engineering Services Market Value (US$ Billion) and Forecast By Services, 2017-2021
Table 16. Latin America Engineering Services Market Value (US$ Billion) and Forecast By Services, 2022-2032
Table 17. Latin America Engineering Services Market Value (US$ Billion) and Forecast By End-use Industry, 2017-2021
Table 18. Latin America Engineering Services Market Value (US$ Billion) and Forecast By End-use Industry, 2022-2032
Table 19. Europe Engineering Services Market Value (US$ Billion) and Forecast By Country, 2017-2021
Table 20. Europe Engineering Services Market Value (US$ Billion) and Forecast By Country, 2022-2032
Table 21. Europe Engineering Services Market Value (US$ Billion) and Forecast By Services, 2017-2021
Table 22. Europe Engineering Services Market Value (US$ Billion) and Forecast By Services, 2022-2032
Table 23. Europe Engineering Services Market Value (US$ Billion) and Forecast By End-use Industry, 2017-2021
Table 24. Europe Engineering Services Market Value (US$ Billion) and Forecast By End-use Industry, 2022-2032
Table 25. East Asia Engineering Services Market Value (US$ Billion) and Forecast By Country, 2017-2021
Table 26. East Asia Engineering Services Market Value (US$ Billion) and Forecast By Country, 2022-2032
Table 27. East Asia Engineering Services Market Value (US$ Billion) and Forecast By Services, 2022-2032
Table 28. East Asia Engineering Services Market Value (US$ Billion) and Forecast By End-use Industry, 2017-2021
Table 29. East Asia Engineering Services Market Value (US$ Billion) and Forecast By End-use Industry, 2022-2032
Table 30. South Asia & Oceania Engineering Services Market Value (US$ Billion) and Forecast By Country, 2017-2021
Table 31. South Asia & Oceania Engineering Services Market Value (US$ Billion) and Forecast By Country, 2022-2032
Table 32. South Asia & Oceania Engineering Services Market Value (US$ Billion) and Forecast By Services, 2017-2021
Table 33. South Asia & Oceania Engineering Services Market Value (US$ Billion) and Forecast By Services, 2022-2032
Table 34. South Asia & Oceania Engineering Services Market Value (US$ Billion) and Forecast By End-use Industry, 2017-2021
Table 35. South Asia & Oceania Engineering Services Market Value (US$ Billion) and Forecast By End-use Industry, 2022-2032
Table 36. MEA Engineering Services Market Value (US$ Billion) and Forecast By Country, 2017-2021
Table 37. MEA Engineering Services Market Value (US$ Billion) and Forecast By Country, 2022-2032
Table 38. MEA Engineering Services Market Value (US$ Billion) and Forecast By Services, 2017-2021
Table 39. MEA Engineering Services Market Value (US$ Billion) and Forecast By Services, 2022-2032
Table 40. MEA Engineering Services Market Value (US$ Billion) and Forecast By End-use Industry, 2017-2021
Table 41. MEA Engineering Services Market Value (US$ Billion) and Forecast By End-use Industry, 2022-2032
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List Of Figures
Figure 01. Global Engineering Services Market Value (US$ Billion) Forecast, 2022-2032
Figure 02. Global Engineering Services Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 03. Global Engineering Services Market Value (US$ Billion) By Region, 2022 & 2032
Figure 04. Global Engineering Services Market Y-o-Y Growth Rate By Region, 2022-2032
Figure 05. Global Engineering Services Market Value (US$ Billion) By Services, 2022 & 2032
Figure 06. Global Engineering Services Market Y-o-Y Growth Rate By Services, 2022-2032
Figure 07. Global Engineering Services Market Value (US$ Billion) By End-use Industry, 2022 & 2032
Figure 08. Global Engineering Services Market Y-o-Y Growth Rate By End-use Industry, 2022-2032
Figure 09. North America Engineering Services Market Value (US$ Billion) Forecast, 2022-2032
Figure 10. North America Engineering Services Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 11. North America Engineering Services Market Value (US$ Billion) By Country, 2022 & 2032
Figure 12. North America Engineering Services Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 13. North America Engineering Services Market Value (US$ Billion) By Services, 2022 & 2032
Figure 14. North America Engineering Services Market Y-o-Y Growth Rate By Services, 2022-2032
Figure 15. North America Engineering Services Market Value (US$ Billion) By End-use Industry, 2022 & 2032
Figure 16. North America Engineering Services Market Y-o-Y Growth Rate By End-use Industry, 2022-2032
Figure 17. North America Engineering Services Market Attractiveness Analysis By Country, 2022-2032
Figure 18. North America Engineering Services Market Attractiveness Analysis By Services, 2022-2032
Figure 19. North America Engineering Services Market Attractiveness Analysis By End-use Industry, 2022-2032
Figure 20. Latin America Engineering Services Market Value (US$ Billion) Forecast, 2022-2032
Figure 21. Latin America Engineering Services Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 22. Latin America Engineering Services Market Value (US$ Billion) By Country, 2022 & 2032
Figure 23. Latin America Engineering Services Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 24. Latin America Engineering Services Market Value (US$ Billion) By Services, 2022 & 2032
Figure 25. Latin America Engineering Services Market Y-o-Y Growth Rate By Services, 2022-2032
Figure 26. Latin America Engineering Services Market Value (US$ Billion) By End-use Industry, 2022 & 2032
Figure 27. Latin America Engineering Services Market Y-o-Y Growth Rate By End-use Industry, 2022-2032
Figure 28. Latin America Engineering Services Market Attractiveness Analysis By Country, 2022-2032
Figure 29. Latin America Engineering Services Market Attractiveness Analysis By Services, 2022-2032
Figure 30. Latin America Engineering Services Market Attractiveness Analysis By End-use Industry, 2022-2032
Figure 31. Europe Engineering Services Market Value (US$ Billion) Forecast, 2022-2032
Figure 32. Europe Engineering Services Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 33. Europe Engineering Services Market Value (US$ Billion) By Country, 2022 & 2032
Figure 34. Europe Engineering Services Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 35. Europe Engineering Services Market Value (US$ Billion) By Services, 2022 & 2032
Figure 36. Europe Engineering Services Market Y-o-Y Growth Rate By Services, 2022-2032
Figure 37. Europe Engineering Services Market Value (US$ Billion) By End-use Industry, 2022 & 2032
Figure 38. Europe Engineering Services Market Y-o-Y Growth Rate By End-use Industry, 2022-2032
Figure 39. Europe Engineering Services Market Attractiveness Analysis By Country, 2022-2032
Figure 40. Europe Engineering Services Market Attractiveness Analysis By Services, 2022-2032
Figure 41. Europe Engineering Services Market Attractiveness Analysis By End-use Industry, 2022-2032
Figure 42. East Asia Engineering Services Market Value (US$ Billion) Forecast, 2022-2032
Figure 43. East Asia Engineering Services Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 44. East Asia Engineering Services Market Value (US$ Billion) By Country, 2022 & 2032
Figure 45. East Asia Engineering Services Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 46. East Asia Engineering Services Market Value (US$ Billion) By Services, 2022 & 2032
Figure 47. East Asia Engineering Services Market Y-o-Y Growth Rate By Services, 2022-2032
Figure 48. East Asia Engineering Services Market Value (US$ Billion) By End-use Industry, 2022 & 2032
Figure 49. East Asia Engineering Services Market Y-o-Y Growth Rate By End-use Industry, 2022-2032
Figure 50. East Asia Engineering Services Market Attractiveness Analysis By Country, 2022-2032
Figure 51. East Asia Engineering Services Market Attractiveness Analysis By Services, 2022-2032
Figure 52. East Asia Engineering Services Market Attractiveness Analysis By End-use Industry, 2022-2032
Figure 53. South Asia & Oceania Engineering Services Market Value (US$ Billion) Forecast, 2022-2032
Figure 54. South Asia & Oceania Engineering Services Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 55. South Asia & Oceania Engineering Services Market Value (US$ Billion) By Country, 2022 & 2032
Figure 56. South Asia & Oceania Engineering Services Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 57. South Asia & Oceania Engineering Services Market Value (US$ Billion) By Services, 2022 & 2032
Figure 58. South Asia & Oceania Engineering Services Market Y-o-Y Growth Rate By Services, 2022-2032
Figure 59. South Asia & Oceania Engineering Services Market Value (US$ Billion) By End-use Industry, 2022 & 2032
Figure 60. South Asia & Oceania Engineering Services Market Y-o-Y Growth Rate By End-use Industry, 2022-2032
Figure 61. South Asia & Oceania Engineering Services Market Attractiveness Analysis By Country, 2022-2032
Figure 62. South Asia & Oceania Engineering Services Market Attractiveness Analysis By Services, 2022-2032
Figure 63. South Asia & Oceania Engineering Services Market Attractiveness Analysis By End-use Industry, 2022-2032
Figure 64. MEA Engineering Services Market Value (US$ Billion) Forecast, 2022-2032
Figure 65. MEA Engineering Services Market Absolute $ Opportunity (US$ Billion), 2022-2032
Figure 66. MEA Engineering Services Market Value (US$ Billion) By Country, 2022 & 2032
Figure 67. MEA Engineering Services Market Y-o-Y Growth Rate By Country, 2022-2032
Figure 68. MEA Engineering Services Market Value (US$ Billion) By Services, 2022 & 2032
Figure 69. MEA Engineering Services Market Y-o-Y Growth Rate By Services, 2022-2032
Figure 70. MEA Engineering Services Market Value (US$ Billion) By End-use Industry, 2022 & 2032
Figure 71. MEA Engineering Services Market Y-o-Y Growth Rate By End-use Industry, 2022-2032
Figure 72. MEA Engineering Services Market Attractiveness Analysis By Country, 2022-2032
Figure 73. MEA Engineering Services Market Attractiveness Analysis By Services, 2022-2032
Figure 74. MEA Engineering Services Market Attractiveness Analysis By End-use Industry, 2022-2032
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- FAQs -
Which engineering consulting service is most widely sought-after?
Construction management services account for 23% market share.
What valuation is the market expected to reach by 2032?
Revenue from engineering services is anticipated to reach US$ 1,220 billion by the end of 2032.
How did the market grow over the historical period?
The market for engineering services increased at 5.2% CAGR between 2017 and 2021.
What are the statistics for the North American engineering services market?
North America tops the global market with 38% market share.
How much revenue will the engineering services market generate in 2022?
The global engineering services market is set to be valued at US$ 707.5 billion in 2022.
Engineering Services Market