Engineering Consulting in Australia - Industry Market Research Report

Engineering Consulting in Australia - Industry Market Research Report

Engineering Consulting in Australia

Engineering consulting firms have benefited from greater public sector capital expenditure in recent years. Federal and state governments are increasingly outsourcing major infrastructure projects, driving demand for engineering consulting services. However, subdued actual capital expenditure on mining and falling capital expenditure on private non-residential construction are dampening industry expansion. Revenue for the Engineering Consulting industry is expected to grow at a subdued annualised 0.8%, reaching an estimated $50.5 billion over the five years through 2022-23. Greater capital expenditure by the public sector and private expenditure on machinery and equipment are boosting demand for engineering consultants, prompting revenue to rise by an estimated 1.3% in 2022-23.

Industry firms provide engineering consulting services, which typically relate to the design, development and use of infrastructure projects, machinery, processes and systems. Industry firms offer advisory services, feasibility studies, preparation of preliminary and final plans and designs, technical services during project construction phases, and inspection and evaluation of construction and engineering projects. The industry does not manage or organise construction projects.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.