Engineering Services in the US - Industry Market Research Report
Description
Engineering Services in the US
Engineers develop structures, machines, materials and other processes and systems. Services include providing advice, feasibility studies, designs and technical services during construction or development. Engineering services revenue has grown at a CAGR of 3.3% to $360.1 billion over the five years to 2023, expanding in line with its historical growth. However, COVID-19 led to less demand across nearly all downstream markets in 2020. The economy's quick recovery contributed to strong revenue increases in 2021 and 2022. Despite ongoing challenges in certain markets, such as nonresidential construction, revenue will grow 0.7% in 2023 alone.
Organizations in this industry 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."
Engineers develop structures, machines, materials and other processes and systems. Services include providing advice, feasibility studies, designs and technical services during construction or development. Engineering services revenue has grown at a CAGR of 3.3% to $360.1 billion over the five years to 2023, expanding in line with its historical growth. However, COVID-19 led to less demand across nearly all downstream markets in 2020. The economy's quick recovery contributed to strong revenue increases in 2021 and 2022. Despite ongoing challenges in certain markets, such as nonresidential construction, revenue will grow 0.7% in 2023 alone.
Organizations in this industry 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
50 Pages
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
Pricing
Currency Rates
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