Engineering Consulting in New Zealand - Industry Market Research Report
Description
Engineering Consulting in New Zealand
The Engineering Consulting industry has enjoyed beneficial operating conditions for most of the past five years. Construction activity has grown strongly leading up to 2022-23, lifting demand for consulting services. Even so, economic uncertainty surrounding the pandemic has discouraged private sector companies from undertaking large-scale construction projects, reducing demand. Overall, industry revenue is expected to climb at an annualised 2.9% over the five years through 2022-23, to $7.7 billion. Interest rate hikes in the face of inflationary pressures and negative business confidence have dampened downstream demand as clients are reluctant to invest in large-scale projects, triggering revenue to drop by an anticipated 3.9% in 2022-23. This trend encouraged smaller firms to sacrifice profit margins to secure the limited projects available.
Industry firms provide engineering consulting services across a range of disciplines, including civil, mechanical, electrical, marine, mining and hydraulics. Engineering services include designing, developing and utilising machines, materials, instruments, structures, processes and systems. Industry firms provide advice, prepare feasibility studies, prepare preliminary and final plans and designs, provide technical services, and inspect and evaluate engineering 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.
The Engineering Consulting industry has enjoyed beneficial operating conditions for most of the past five years. Construction activity has grown strongly leading up to 2022-23, lifting demand for consulting services. Even so, economic uncertainty surrounding the pandemic has discouraged private sector companies from undertaking large-scale construction projects, reducing demand. Overall, industry revenue is expected to climb at an annualised 2.9% over the five years through 2022-23, to $7.7 billion. Interest rate hikes in the face of inflationary pressures and negative business confidence have dampened downstream demand as clients are reluctant to invest in large-scale projects, triggering revenue to drop by an anticipated 3.9% in 2022-23. This trend encouraged smaller firms to sacrifice profit margins to secure the limited projects available.
Industry firms provide engineering consulting services across a range of disciplines, including civil, mechanical, electrical, marine, mining and hydraulics. Engineering services include designing, developing and utilising machines, materials, instruments, structures, processes and systems. Industry firms provide advice, prepare feasibility studies, prepare preliminary and final plans and designs, provide technical services, and inspect and evaluate engineering 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.
Table of Contents
44 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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