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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 | Jun 2014

IBISWorld’s Engineering Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$27bn
Annual Growth 09-14
5.6%
Annual Growth 14-19
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Profit
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Employment
543,608
Businesses
67,500
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 Analysis Chapter

Revenue for the Engineering Services industry has been increasing at an annualized rate of 5.6%, from $20.6 billion in 2009 to $27 billion in 2014. The main reason for this steady growth is China's booming real estate market, with investment in commercial projects and domestic real-estate projects rising considerably in recent years. Powered by the housing reform program and rising personal incomes, demand for homeownership has increased significantly and will continue to be strong.

Total output value of the building and civil engineering construction segment in China has been increasing significantly between 2009 and 2014 at an annualized rate of 21.2%. The Chinese government reported annual growth rates for housing in the range of 20.0% in recent years... 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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