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 Investment Chapter
For every dollar spent on labor (including wages and contract labor), only 19 cents are invested in capital in this industry. The industry's principal end-product is the provision of professional engineering design, assessment and management services, therefore, it has a highly labor-intensive cost structure and very low capital intensity.
Technology and systems are continually advancing in this industry. Industry participants require capital to research and develop technology and software to meet client demands. The adoption of new technologies, notably computer-aided design (CAD) facilities, has significantly enhanced labor productivity over the past decade and the large-scale firms have invested heavily into a wide range of design, measurement and monitoring equipment... purchase to read more