Industry Analysis & Industry Trends
The Global Engineering Services industry's revenue increased over the past five years, primarily due to strong investments in infrastructure, building and industrial construction in developing economies across the globe. In the next five years, stronger global economic growth and construction activity is forecast to benefit the industry... 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 $0.04 on capital for every $1.00 spent on wages in 2016.
This is a knowledge-based industry and the principal end product is the provision of professional engineering design, assessment and management services... read more