Industry Analysis & Industry Trends
The global market for engineering services consists of the work performed by consultant engineering firms along with the in-house services undertaken by construction contractors, manufacturers, government agencies and utility owners. The industry's performance is principally driven by the trends into construction, manufacturing and mining developments (particularly in the large industrial economies) and increasingly from work in the fields of technological development and the sustainable environment. Over the past decade the industry has expanded its operations by broadening across a wider range of multidisciplinary services, by the trend towards globalization and through the outsourcing of services by public authorities and major corporations... read more
Industry Locations
Knowledge-based consulting industries such as this typically evolve in more complex developed economies and gradually spread globally to meet the growing demand for the provision of services in developing regions, and to accompany aligned industries into new markets (e.g. following the global expansion of construction, mining and manufacturing). Industry activity is therefore heavily concentrated in the developed OECD countries, which account for 75% to 85% of industry employment and revenue, while the industry is significantly underrepresented in the developing economies in Africa, Asia and South America.
There is a concentration of engineering consulting activity in countries with a large heavy industrial base (e.g... read more