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Global Engineering Services Industry Data and Analysis
The Global Engineering Services industry has expanded alongside a recovery of markets worldwide, prompting new investment that has fueled projects across key markets including the United States, Europe and East Asia. The economic environment has enabled downstream industries to invest in ventures involving engineering services, with higher production levels in OECD countries translating to new facilities, factories and other structures. Despite ongoing inflationary pressures, public sector investments have produced stable spending on infrastructure projects necessitating engineering expertise. As a result, industry revenue is forecast to expand at a CAGR of 5.3% over the past five years to total $2.0 trillion in 2025. With investments like the Infrastructure Investment and Jobs Act in the United States continuing to pour money into infrastructure projects, industry revenue is expected to grow 2.0% in 2025 alone.
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What's included in this industry analysis
IBISWorld's research coverage on the Global Engineering Services industry includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released March 2025.
About this industry
What's this industry report about?
The Global Engineering Services industry operates under the industry code L6722-GL. Enterprises in the Global Engineering Services industry apply engineering principles in the design, development and use of machines, materials, instruments, structures, processes and systems. Operators may also perform feasibility studies, advise on engineering issues, prepare plans and designs and provide inspection and technical services. Service areas may include construction and infrastructure, environmental projects, industrial processes and equipment, product engineering, project planning and economic assessments, environmental impact assessments, quality management assessments and accreditation services. Related terms covered in the Global Engineering Services industry include industrial engineering, civil engineering, public-private partnership (ppp), initial public offering (ipo) and tender.
What's included in this industry?
Products and services covered in Global Engineering Services industry include Transportation, Energy and power and Building construction.
What companies are included in this industry?
Companies covered in the Global Engineering Services industry include AECOM.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Global Engineering Services industry.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Global Engineering Services industry.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Global Engineering Services industry.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Global Engineering Services industry. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Global Engineering Services industry. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Global Engineering Services industry. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Global Engineering Services industry. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Global Engineering Services industry.
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Frequently Asked Questions
What is the market size of the Global Engineering Services industry in 2026?
The market size of the Global Engineering Services industry is $2.0tr in 2026.
How many businesses are there in the Global Engineering Services industry in 2025?
There are 1m businesses in the Global Engineering Services industry, which has grown at a CAGR of 4.2 % between 2020 and 2025.
How may import tariffs affect the Global Engineering Services industry?
The Global Engineering Services industry is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Global Engineering Services industry?
The Global Engineering Services industry is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Global Engineering Services industry grown or declined over the past 5 years?
The market size of the Global Engineering Services industry has been growing at a CAGR of 5.3 % between 2020 and 2025.
What is the forecast growth of the Global Engineering Services industry over the next 5 years?
Over the next five years, the Global Engineering Services industry is expected to grow.
What are the biggest companies in the Global Engineering Services industry?
The biggest company operating in the Global Engineering Services industry is AECOM
What does the Global Engineering Services industry include?
Providing design and management services for building construction projects and Providing design and management services for water and waste treatment projects are part of the Global Engineering Services industry.
Which companies have the highest market share in the Global Engineering Services industry?
The company holding the most market share in the Global Engineering Services industry is AECOM.
How competitive is the Global Engineering Services industry?
The level of competition is high and increasing in the Global Engineering Services industry.
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