Untapped markets: Demand for green building and clean energy projects will benefit the industry

The Engineering Services industry in California has experienced growth recently due to the expansion of the domestic technology sector and a recovering real estate market, including the residential and non-residential construction markets. Over the five years to 2022, the industry is anticipated to grow as increasing aggregate private investment allows for businesses to commit to long-term capital expenditures on new projects and facility upgrades, as well as increased demand from private nonresidential construction in California. Furthermore, consumer sentiment now favors green building and clean energy projects, which presents an opportunity for the industry to expand into untapped markets...read more.

Industry Statistics & Market Size
Revenue
$25bn
Annual Growth 12-17
6.4%
Forecast Growth 17-22
Profit
Employment
126,613
Businesses
8,346
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Industry Threats & Opportunities

  • The expansion of the domestic technology sector and a recovering real estate market have provided a boost to industry revenue
  • The industry suffered due to federal spending cutbacks
  • Technology businesses will increasingly become more profitable
  • Industry Report - Industry Analysis Chapter

    Over the past five years, revenue in the Engineering Services industry in California has grown at an estimated annualized rate of 6.4% to $25.1 billion, with 2.3% growth in 2017 alone. Several factors have contributed to the growth of the industry, largely the expansion of the technology sector in California and the rising residential and non-residential construction markets. As these markets grow and boost demand for engineering services, industry revenue has grown.Corporate consumers Corporate profit represents the profit level that is earned across all industries. As businesses in California continue to recover following the recession, increased profit levels have led to higher spending on engineering services. Gen...purchase to read more.

    Additional Insights for the Engineering Services in California Industry

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

  • Having contacts within key markets
  • Fast adjustments made to changing regulations
  • Ability to compete on tender
  • IBISWorld analysts also discuss how external factors such as Corporate Profit in California and Value of nonresidential construction in California in the Engineering Services in California industry impact industry performance..

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    What is the Engineering Services in California Industry?

    Industry establishments apply the physical laws and principles of engineering in designing, developing and using machines, materials, instruments, structures, processes and systems. These services may involve providing advice, preparing feasibility studies, preparing plans and designs, providing technical services during construction or development, inspecting and evaluating engineering projects and providing other related services.

    Industry Products
  • Energy projects
  • Transportation projects
  • Commercial, public and institutional projects
  • Project management services
  • Municipal utility projects
  • Telecom projects
  • Industrial and manufacturing projects
  • Other projects and services
  • Industry Activities
  • Providing design and management services for construction and engineering infrastructure projects
  • Providing design and management services for environmental projects
  • Providing design and management services for industrial processes and equipment
  • Providing construction management services
  • Process management (e.g. assessing engineering and product problems)
  • Project planning and economic assessments
  • Asset management, including life cycle asset management and management systems
  • Feasibility studies, including environmental impact assessment and community consultation
  • Quality management assessment and accreditation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Corporate Profit in California
  • Value of nonresidential construction in California
  • Value of Residential Construction in California
  • Local and state government investment

  • Current Performance
  • Corporate consumers
  • Real estate recovery
  • Slow government spending
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Corportate consumers
  • Real estate recovery
  • Increased government spending
  • Industry structure
  • Table: Engineering Services in California Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Mining
  • Utilities
  • Construction
  • Rail Transportation
  • Public Administration

  • Key Selling Industries
  • Accounting Services
  • Construction
  • Finance and Insurance
  • Law Firms
  • Professional, Scientific and Technical Services
  • Tax Preparation Services

  • Products & Services
  • Industrial and manufacturing projects
  • Other projects and services
  • Energy projects
  • Transportation projects
  • Commercial, public and institutional projects
  • Project management services
  • Municipal utility projects
  • Telecom projects
  • Chart: Engineering Services in California Industry Products and Services Segmentation

  • Major Markets
  • Private businesses
  • Government bodies
  • Engineering firms
  • Architectural firms
  • Construction firms
  • Individuals
  • Nonprofit organizations
  • Chart: Major Market Segmentation for the Engineering Services in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciation and other
  • Chart: Cost Structure Benchmarking – Sector vs Engineering Services in California

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Engineering Services in California Industry

  • AECOM Bechtel CorporationFluor Corp.Jacobs Engineering Group Inc.
  • Table: AECOM - financial performance
  • Table: Bechtel Corporation - financial performance
  • Table: Fluor Corp. - financial performance
  • Table: Jacobs Engineering Group Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Engineering Services in California 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 in California Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Value of Non-Residential Construction in California (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Chemical Engineering
  • Engineering that is focused on the design, construction and operation of plants and processes for producing acids, dyes, drugs, plastics and synthetic materials.
  • Civil Engineering
  • Engineering that is focused on the planning, designing, construction and maintenance of infrastructure, including highways and bridges, dams and irrigation, and mass-transit facilities.
  • Computer-Aided Design (Cad)
  • The use of computer technology to aid the design and drafting of a part or product using software tools that can create two-dimensional drawings or three-dimensional models.
  • Industrial Engineering
  • Engineering that is focused on managing efficient production, involving the design of production methods, plant analysis, the application of labor and materials, and the control of inventory.
  • Nonemployer Establishment
  • A sole proprietor or partnership with no payroll employees.
  • Why buy this report?

    IBISWorld’s Industry Market Report on Engineering Services in California is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    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 in California:
    • 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 in California 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 in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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