Engineering Services in the US - Industry Market Research Report

Engineering Services in the US

Over the five years to 2019, the Engineering Services industry has performed modestly, with industry revenue growing largely in pace with the US economy at large.Revenue growth has primarily been a result of an increase in the value of private nonresidential construction, which can be used as a proxy for demand for industry services. Early during the period, industry revenue growth was dampened, as demand from energy extractors and commodities producers fell off due to a crash in commodities prices. The industry has since recovered and returned to consistent growth.Over the five years to 2024, industry growth is expected to decelerate. Industry growth is anticipated to rise at a slower pace due to a comparative acceleration in the value of private nonresidential construction, which is expected to mitigate a greater deceleration in industry revenue as a result of weak increases in the value of utilities construction.

Industry operators apply the physical laws and principles of engineering in designing, developing and using machines, materials, instruments, structures, processes and systems. These services may involve providing advice, preparing feasibility studies, preparing plans and designs, providing technical services during construction or development, inspecting and evaluating engineering projects and providing 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.


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

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