Industry Analysis & Industry Trends
The Global Engineering Services industry provides surveys, feasibility and technical studies, geo-technical investigation and environmental impact studies for transportation, building, energy, industrial, mining and water and sewage industries. Typical industry projects involve the design and construction of new factories, healthcare facilities, hotels and housing; the building of highways, bridges, railways and sewage treatment facilities; and analysis and planning related to drilling, mining, energy transmission and storage. This industry's performance is principally driven by trends in construction, manufacturing and mining developments and increasingly from work in the fields of technological development and sustainability... read more
The industry has a low level of capital intensity and high labor intensity. The ratio of wages to capital depreciation charges is indicative of an industry's relative labor or capital intensity, as this shows the amount of revenue absorbed by labor and capital inputs into production. IBISWorld estimates that industry operators will spend $0.05 on capital for every $1.00 spent on wages in 2013.
This is a knowledge-based industry and the principal end product is the provision of professional engineering design, assessment and management services... read more