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