Building Up: Industry growth has been driven by an increase in private nonresidential construction

Over the five years to 2017, growth in the Engineering Services industry in Illinois has been primarily driven by private nonresidential construction projects in the commercial building, office space and lodging segments, which have all exhibited double-digit growth. Within the public sector, industry growth has been boosted by moderate growth in the healthcare, amusement and recreation and transportation segments. Operations in the Engineering Services industry in Illinois are expanding, contrasting the national industry's trend toward consolidation. This is most prominently displayed by stable growth in establishments and enterprises...read more.

Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 12-17
2.3%
Forecast Growth 17-22
Profit
Employment
38,812
Businesses
4,636
What Our Customers Say

Industry Threats & Opportunities

  • The value of residential construction in Illinois has grown, significantly benefiting industry
  • An increase in local and state government spending has provided a small boost to industry operators
  • The industry’s downstream markets are expected to expand
  • Additional Insights for the Engineering Services in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Engineering Services in Illinois 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 Illinois and Local and State Government Expenditure in Illinois in the Engineering Services in Illinois industry impact industry performance..

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    What is the Engineering Services in Illinois 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
  • Commercial, public and institutional projects
  • Transportation projects
  • Industrial and manufacturing projects
  • Residential projects
  • Municipal utility projects
  • Energy 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 Illinois
  • Local and State Government Expenditure in Illinois
  • Yield on 10-year Treasury note
  • Value of Residential Construction in Illinois

  • Current Performance
  • Commercial construction
  • Slight uptick in local spending
  • Profit and expansion
  • Chart: Revenue Growth

  • Industry Outlook
  • Private investment spurs growth
  • Green building emphasis grows
  • Profit margins and employment
  • Table: Engineering Services in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Engineering Services in Illinois 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
  • Other
  • Transportation projects
  • Energy projects
  • Industrial and manufacturing projects
  • Commercial, public and institutional projects
  • Municipal utility projects
  • Residential projects
  • Chart: Engineering Services in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Private businesses
  • Government bodies
  • Engineering, construction and architectural firms
  • Individuals and nonprofit organizations
  • Chart: Major Market Segmentation for the Engineering Services in Illinois 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 Illinois

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

  • Pepper Construction Group LLCPower Construction Company LLCWalsh Group - Construction Management ServicesClaycorp Inc.
  • Table: Pepper Construction Group LLC - financial performance
  • Table: Power Construction Company LLC - financial performance
  • Table: Walsh Group - Construction Management Services - financial performance
  • Table: Claycorp Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Engineering Services in Illinois 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 Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • World Price of Steel (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 research report on Engineering Services in Illinois can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

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

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