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Published by: IBISWorld
Published: Oct. 17, 2009 - 26 Pages
Table of Contents
RISK OVERVIEW Industry Definition & Activities
Industry Risk Score
Risk Rating AnalysisSTRUCTURAL RISK Barriers to Entry
Basis of Competition
Domestic and International Markets
Industry Assistance
Life Cycle
Industry VolatilityGROWTH RISK Recent Growth Analysis
Forecast Growth Analysis
SENSITIVITY RISK Capital Expenditure - Private - Machinery and Equip.
Capital Expenditure - Private Non-Residential
Capital Expenditure - Public Sector
Downstream Demand - Mining
Downstream Demand - Manufacturing
Industry Systems and Technology - Consulting Engineering Services
INDUSTRY RISK AND INDUSTRY RISK SCORING METHODOLOGY What is Industry Risk?
The Industry Risk Scoring Methodology
Risk Rating Score Definition
AbstractIndustry Risk Ratings Synopsis
This Industry Risk Ratings report from IBISWorld evaluates the inherent risks associated with the Engineering Consultancy Services in Australia industry. Industry Risk is assumed to be 'the difficulty, or otherwise, of the business operating environment'.
The report looks at the operational risk associated with this industry. Three types of risk are recognized in our analysis. These are: risk arising from within the industry itself (structural risk), risks arising from the expected future performance of the industry (growth risk) and risk arising from forces external to the industry (external sensitivity risk).
This approach is new in that it analyses non-financial information surrounding each industry. Industries are scored on a 9-point scale, where 1 represents the lowest risk and 9 the highest. The Industry Risk score measures expected Industry Risk over the coming 12-18 months.
Industry Definition
This industry consists of companies and independent contractors supplying consultant engineering services, and to a lesser extent quantity surveying services, on a wide range of projects and applications. The principal activities of firms in this industry include the design and management of: construction and engineering infrastructure projects; environmental projects; and industrial processes and equipment.Engineering consultants are mainly engaged in applying physical laws and principles of engineering to a broad range of activities in the areas of construction, manufacturing, mining transport and the environment. Assignments undertaken by consultants may involve: provision of advice, preparation of feasibility studies, preparation of preliminary and final plans and designs, provision of technical services during the construction or installation phase, and inspection and evaluation of engineering and environmental projects.
Report Contents
Risk Overview
The Risk Overview chapter includes sections on Industry Definition and Activities, Industry Risk Score and Risk Rating Analysis. The Industry Definition and Activities section provides a detailed definition of the activities carried out by operators in this industry as defined in NAICS. A list of the primary activities of the industry is also included. The Industry Risk Score section provides the Overall Industry Risk Score as well as the Risk Scores for each of the three types of risk covered that combine to form the Overall Industry Risk Score. These three types of risk are Structural Risk, Growth Risk and External Sensitivity Risk. The Risk Rating Analysis section discusses the underlying factors contributing to the Overall Industry Risk Score.
Structural Risk
The Structural Risk chapter looks at risk arising from within the industry itself and provides a detailed discussion of the industry’s level of exposure to seven key indicators. These key indicators are Barriers to Entry, Competition, Industry Exports, Industry Imports, Level of Assistance, Life Cycle Stage and Volatility of Industry. The Overall Structural Risk Score is a weighted aggregation of these seven key indicators. Each of the key indicators is discussed in detail in this section.
Growth Risk
The Growth Risk chapter looks at risks arising from the expected future performance of the industry. The Overall Growth Risk Score is determined by amalgamating the scores for Recent Industry Growth and Forecast Industry Growth. Detailed analysis is provided discussing the reasons for the growth scores of both.
Sensitivity Risk
The Sensitivity Risk chapter looks at risks arising from forces (sensitivities) external to the industry. The Overall External Sensitivity Risk Score is determined by identifying the most significant (up to 6) external factors and weighting them to represent how significant each sensitivity is to the performance of the industry. Examples of External Sensitivities are Exchange Rates, Interest Rates, Commodity Prices and Government Regulations. There is also a detailed analysis of the affect each of the sensitivities has on the industry, including charts and data tables where appropriate.
Industry Risk and Industry Risk Scoring Methodology
This chapter provides an overview of how IBISWorld defines Industry Risk and discusses the methodology used to arrive at an Industry Risk Score. There is also a table that provides a definition of the seven levels of Industry Risk.
L7823 - Engineering Consultancy Services in Australia
A - Agriculture, Forestry and Fishing in Australia
B - Mining in Australia
C - Manufacturing in Australia
D - Electricity, Gas and Water Supply in Australia
E4121 - Road and Bridge Construction in Australia
E4122 - Heavy Industry and Other Non-Building Construction in Australia
M - Government Administration and Defence in Australia
E4114 - Commercial and Industrial Building Construction in Australia
E4115 - Institutional Building Construction in Australia
I6201 - Rail Freight Transport in Australia
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