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.
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Starting a New Business
This industry is considered to have medium barriers to the entry of new competitors, although more stringent barriers may apply on an individual country basis. Potential entrants into this industry are generally required to hold academic qualifications in engineering or an aligned field, and typically also hold membership in an appropriate professional association. The most significant barrier to new entrants is their capacity to compete with existing players holding strong relationships and secure contracts with potential clients.
Appropriate tertiary qualifications for entry into this industry include a Bachelor of Engineering, or an Associate Diploma of Engineering... read more