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 2016, revenue for the Engineering Services industry is estimated to reach $29.9 billion, up 2.3% over 2015. Revenue growth is expected to slow compared with previous years due to the slow building and civil engineering construction output value during the year. In the five years through 2016, industry revenue has been increasing at an annualized rate of 4.3%.
China's construction and civil engineering industries grew consistently over the past several years.... purchase to read more
Industry Report - Industry Products Chapter
Engineering and graphic design
Engineering and graphic design is the main service segment in the industry and accounts for 53% of total industry revenue during 2016. Engineering and graphic design services maintain a higher share of industry revenue due to their higher pricing compared to other engineering services. Services in this segment include industrial processes, equipment design, product development, physical environment and building construction. The proportion of this segment is expected to decrease as downstream industries develop and industry competition intensifies to reduce pricing levels... purchase to read more