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Engineering Services in China: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Engineering Services Market Research Report | May 2013

IBISWorld’s Engineering Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$25bn
Annual Growth 08-13
5.8%
Annual Growth 13-18
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Profit
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Employment
541,880
Businesses
67,631
Industry Analysis & Industry Trends

China's rapid economic development in recent decades created a major market for engineering services, while reforms in the science and technology system promoted the commercialization of technology. As a result, engineering consultancy firms have become vitally important to modern economic development.

In 2013, revenue for the Engineering Services industry is estimated at $24.9 billion – up 5.5% due to the recovery of macro-economy and expected rapid growth of building and civil engineering construction output value during the year. In the five years through 2013, industry revenue has been increasing at an annualized rate of 5.8%.

China's construction and civil engineering industries grew consistently over the past several years.... purchase to read more

Industry Report - Starting a New Business Chapter

An operator of an engineering and project planning firm must be examined and approved by construction administration departments of the applicable province. Foreign-invested engineering services enterprises that engage in the operation of engineering services businesses must meet the requirements of the administration for foreign-invested firms.

Close relationships between existing consultants and clients are a barrier of entry for new firms. As existing operators often have well-established relationships with their customers, it can be difficult for a new firm to access downstream firms and gain clients... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Engineering Services Industry?

The Engineering Services industry provides engineering services and management, engineering and graphic design services, and project planning management. Firms in this industry have technical capabilities and professional qualifications in overall project contracting, construction supervision and consulting.

Industry Products
Engineering and graphic design Project planning managementEngineering services and management
 
Industry Activities
Construction and engineering project management service provision Environmental project management service provision Construction and engineering project engineering and designCity planning and project planning


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