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
Industry Key Buyers
The industry has a low degree of market share concentration, with the four largest companies contributing to less than 5.0% of annual global industry revenue. The industry has a fragmented structure and contains many small-scale establishments that confine their operations to national, regional or even local markets, or to the delivery of a narrow range of specialized services. The bulk of firms employ fewer than five people (60.0% of all establishments), while few firms employ more than 100 people (less than 5.0%).
Despite this low concentration, there has been a trend over the past decade toward consolidation of operations of many of the world's leading consulting engineering firms, through mergers or strategic alliances... read more