China's rapid economic growth in recent decades created a major market for engineering services, while reforms in the science and technology system promoted the commercialization of technology. As a result, engineering consultancy firms have become vitally important to modern economic development.In 2017, revenue for the Engineering Services industry is estimated to reach $31.5 billion, up 3.8% over 2016. Revenue growth is expected to slow compared with previous years due to the slow building and civil engineering construction output value during the year. In the five years through 2017, industry revenue has been increasing at an annualized rate of 5.2%.China's construction and civil engineering industries grew consistently over the past several years...purchase to read more.

Industry Report - Industry Key Buyers Chapter

The Engineering Services industry has a low concentration level. This is due to the large number of small and medium-sized enterprises. The top four firms that operate in the industry account for about 13.6% of industry revenue in 2017. Industry revenue is spread across a large number of industry participants.Many engineering services firms operate on a small scale and are privately owned due to low-to-moderate barriers to enter the industry. However, the majority of these companies service narrow fields and lack advanced technologies and highly skilled employees.The low concentration level also reflects the diverse nature of the industry's services. Firms tend to focus on particular professional services or markets. Fir...purchase to read more.

Additional Insights for the Engineering Services Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Engineering Services Industry are

  • Ability to quickly adopt new technology
  • Marketing of differentiated products
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Downstream Demand - Building Construction and Downstream Demand - Manufacturing in the Engineering Services industry impact industry performance..

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    What's in this report

    What is the Engineering Services Industry?

    The Engineering Services industry provides engineering services and management, engineering and graphic design services, and project planning management. Firms in this industry have technical capabilities and professional qualifications in overall project contracting, construction supervision and consulting.

    Industry Products
  • Engineering and graphic design
  • Project planning management
  • Engineering services and management
  • Industry Activities
  • Construction and engineering project management service provision
  • Environmental project management service provision
  • Construction and engineering project engineering and design
  • City planning and project planning
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Downstream Demand - Building Construction
  • Downstream Demand - Manufacturing
  • Gross Private Fixed Investment - Non Residential Structures
  • Value of Construction Put in Place - Private and Public - Utilities
  • Downstream Demand - Mining
  • Industry Systems and Technology - Consulting Engineering Services

  • Current Performance
    International tradeEnterprises and wages
  • Chart: Revenue Growth

  • Industry Outlook
    Performance forecastsTechnology trendsMarket opportunity
  • Table: Engineering Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Engineering Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining
  • Manufacturing
  • Electricity, Natural Gas and Water Production and Supply
  • Building Construction
  • Real Estate Development and Management
  • Road & Highway Construction

  • Key Selling Industries
  • Auditing, Accounting & Tax Services
  • Construction Equipment Manufacturing

  • Products & Services
  • Engineering and graphic design
  • Project planning management
  • Engineering services and management
  • Chart: Engineering Services Industry Products and Services Segmentation

  • Demand Determinants
  • Economic growth levels
  • Building construction growth
  • Investment enhancement
  • The development and expansion of downstream industries
  • The use of professional software and technology
  • Government policy

  • Major Markets
  • Heavy industrial and transport infrastructure
  • Manufacturing industries
  • Public works
  • Civil architectural and defense works
  • Chart: Major Market Segmentation for the Engineering Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Engineering Services

  • Basis of Competition
  • Price
  • Customer relationships
  • Technical expertise
  • The existence of an integrated service
  • Company reputation

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Engineering Services Industry

  • Industry Globalization
    CISDI Engineering Co., Ltd., WISDRI Engineering & Research Incorporation Limited, China Overseas Engineering Group Co., Ltd., Shanghai Baosteel Engineering & Construction Corporation, SINPEC Luoyang Petrochemical Engineering Corporation,
  • Table: CISDI Engineering Co., Ltd. - financial performance
  • Table: WISDRI Engineering & Research Incorporation Limited - financial performance
  • Table: China Overseas Engineering Group Co., Ltd. - financial performance
  • Table: Shanghai Baosteel Engineering & Construction Corporation - financial performance
  • Table: SINPEC Luoyang Petrochemical Engineering Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Engineering Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Engineering Services Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Engineering Services
  • Within this industry, engineering services are utilized for a wide range of projects, including infrastructure, construction and building projects.
  • Environmental Project Management
  • Includes engineering solutions to environmental problems from previous developments, such as air and water pollution, and environmentally-sound transport solutions, such as public transport corridors.
  • Project Planning
  • Planning, scheduling and reporting the progress of a project. Various software programs are used to allocate resources, estimate costs and analyze progress.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Engineering Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Engineering Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Engineering Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Engineering Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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