Industry Analysis & Industry Trends
The Global Engineering Services industry's revenue increased over the past five years, primarily due to strong investments in infrastructure, building and industrial construction in developing economies across the globe. In the next five years, stronger global economic growth and construction activity are forecast to benefit the industry... read more
Industry SWOT Analysis
The Global Engineering Services industry is in the mature phase of its life cycle. IBISWorld estimates that industry value added (IVA), which measures the industry contribution to GDP, will rise at an annualized rate of 2.8% during the 10 years to 2021. During the period, global GDP is forecast to rise at an annualized 2.7%. While the industry's growth is marginally ahead of the overall economy, the industry's services are widely accepted by downstream markets.
Furthermore, the industry services a diverse mix, including the public and private sector, construction and maintenance, mining and energy and industrial and transport markets. The.. read more