Engineering Services in Canada
The Engineering Services industry in Canada is expected to recover after a couple of significant slumps over the past five years. This industry provides advice, design, feasibility studies and technical services for a variety of projects that require deep understanding of the principals of engineering, such as construction. The rising value of residential and nonresidential construction over the two years to 2014 helped drive investment in new facilities and housing projects that require significant engineering design, planning and study. Revenue experienced strong growth in these years as increased corporate profit precipitated greater investment in nonresidential construction. Major industry operators are investing more in technology through acquisitions and organic innovation to thrive in an increasingly competitive industry that is experiencing a rise in the number of enterprises. The Engineering Services industry is expected to fare better over the five years to 2023, as public infrastructure investment and the value of nonresidential construction increase.
Establishments in this industry apply the physical laws and principles of engineering in the design, development and use of machines, materials, instruments, structures, processes and systems. Industry services involve providing advice; preparing plans, designs and feasibility studies; providing technical services during construction or installation activities; inspecting and evaluating engineering projects; and other related services.
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.
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