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 SWOT Analysis
The Global Engineering Services industry is in the mature phase of its life cycle. IBISWorld estimates that industry value added (IVA), which measures the industry contribution to GDP, will rise at an annualized rate of 3.9% during the 10 years to 2018. During the period, global GDP is forecast to rise at an annualized 5.4%. While the industry's growth is slightly behind the overall economy, the industry's services are widely accepted by downstream markets.
Furthermore, the industry services a diverse mix, including public- and private-sector, construction and maintenance, mining and energy and industrial and transport markets. The industry will receive some stimulus from the opportunities derived from globalization and the increasing demand for environmentally friendly projects... read more