Engineering Services in Canada
The Engineering Services industry in Canada has contracted amid a serious crisis in the industry's largest service market over the five years to 2019. This industry provides consulting, design, feasibility studies and technical services for a variety of projects that require a deep understanding of the principles of engineering. The industry's largest market has been in Alberta's oil, gas and mining industries, which is why their downfall has hurt the industry so severely. As a result, the industry has diversified its revenue streams with residential and commercial construction becoming larger market segments alongside transportation infrastructure projects. The industry is expected to recover over the five years to 2024, as public infrastructure investment and the value of nonresidential construction increase. Private investment is expected to drive the anticipated new growth.
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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