Engineering success: A highly educated population and booming economic activity have supported the Colorado industry

Over the five years to 2018, the Engineering Services industry in Colorado has exhibited strong revenue gains. During the period, industry revenue increased an annualized 4.3% to reach $10.5 billion, including expected growth of 8.5% in 2018 alone. Overall, industry performance has been spurred by robust economic activity within the state, where the value of private nonresidential construction soared an annualized 14.1% over the five years to 2018, boosting demand for industry products. Such beneficial conditions have led to an increase in industry participation over the past five years, with the number of industry establishments rising an annualized 2.8% to reach 5,754, while employment has risen an annualized 2.3% to reach 37,101 total employees...purchase to read more.

Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 13-18
4.3%
Forecast Growth 18-23
Profit
Employment
37,101
Businesses
5,754

Industry Threats & Opportunities

  • Strong economic growth has provided increased appropriations for infrastructure renewal projects
  • Additional Insights for the Engineering Services in Colorado Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Engineering Services in Colorado 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 Value of private nonresidential construction in Colorado and Local and state government expenditure in Colorado in the Engineering Services in Colorado industry impact industry performance..

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    What's in this report

    What is the Engineering Services in Colorado 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
  • Project management and advisory
  • Commercial and institutional projects
  • Industrial and manufacturing projects
  • Transportation projects
  • Municipal utility projects
  • Telecom projects
  • Power related projects
  • 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
  • Value of private nonresidential construction in Colorado
  • Local and state government expenditure in Colorado
  • Value of utilities construction
  • Value of residential construction in Colorado
  • Yield on 10-year Treasury note

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Engineering Services in Colorado 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
  • Municipal utility projects
  • Power related projects
  • Project management and advisory
  • Commercial and institutional projects
  • Transportation projects
  • Other
  • Telecom projects
  • Chart: Engineering Services in Colorado 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 Colorado Industry

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

  • Basis of Competition
    Barriers to Entry
    M.A. Mortenson Company, Hensel Phelps Construction Company, JE Dunn Construction Group, Kiewit Corporation,
  • Table: M.A. Mortenson Company - financial performance
  • Table: Hensel Phelps Construction Company - financial performance
  • Table: JE Dunn Construction Group - financial performance
  • Table: Kiewit Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Engineering Services in Colorado 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 Colorado Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Value of private non-residential construction in Colorado (2009-2023)

  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Engineering Services in Colorado 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 Colorado:
    • 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 Colorado 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 Colorado, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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