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
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