Industry Analysis & Industry Trends
China's rapid economic growth 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 2014, revenue for the Engineering Services industry is estimated at $27 billion – up 4.8% due to the steady growth of macro-economy and expected rapid growth of building and civil engineering construction output value during the year. In the five years through 2014, industry revenue has been increasing at an annualized rate of 5.6%.
China's construction and civil engineering industries grew consistently over the past several years.... purchase to read more
Industry Report - Industry Locations Chapter
Industry operations are mainly located in China's economically developed and coastal provincial areas, such as Beijing, Shanghai, Guangdong, Jiangsu and Zhejiang. Many client industries in these regions are growing strongly, which results in further industry development of professional services firms. This also indicates increasing consumer demand in the region for the industry's products.
Beijing is the industry's center in North China due to the high economic growth in recent years. Large and specialized construction products built for the Olympic Games in 2008 in Beijing stimulated demand for industry services. In 2014, Beijing accounts for about 19.1% of industry revenue with only 9.5% of total establishment numbers... purchase to read more