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Engineering Services in China: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Engineering Services Market Research Report | Jul 2016

IBISWorld’s Engineering Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$30bn
Annual Growth 11-16
4.3%
Annual Growth 16-21
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Profit
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Employment
557,833
Businesses
68,245
Industry Analysis & Industry Trends

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 2016, revenue for the Engineering Services industry is estimated to reach $29.9 billion, up 2.3% over 2015. 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 2016, industry revenue has been increasing at an annualized rate of 4.3%.

China's construction and civil engineering industries grew consistently over the past several years.... purchase to read more

Industry Report - Starting a New Business Chapter

An operator of an engineering and project planning firm must be examined and approved by construction administration departments of the applicable province. Foreign-invested engineering services enterprises that engage in the operation of engineering services businesses must meet the requirements of the administration for foreign-invested firms.

Close relationships between existing consultants and clients are a barrier of entry for new firms. As existing operators often have well-established relationships with their customers, it can be difficult for a new firm to access downstream firms and gain clients.

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Industry ProductsRelated ReportsTable of Contents

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 managementEngineering services and management
 
Industry Activities
Construction and engineering project management service provision Environmental project management service provision Construction and engineering project engineering and designCity planning and project planning


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