The Global Engineering Services industry provides surveys; feasibility and technical studies; geotechnical investigation; and environmental impact studies for transportation, building, energy, industrial, mining and water and sewage industries. Industry revenue increased over the five years to 2017, due to strong investments in infrastructure, building and industrial construction in developing economies across the globe. Over the five years to 2022, stronger global economic growth and construction activity are forecast to help increase industry revenue. However, industry profit is expected to stagnate, as trends in consolidation among the industry's largest players will abate pricing pressures for large-scale construction and development projects.
Enterprises in this industry apply physical laws and principles of engineering in the design, development and use of machines, materials, instruments, structures, processes and systems. The assignments may involve the provision of advice, preparation of feasibility studies, preparation of preliminary and final plans and designs, the provision of technical services on construction and project evaluation. Operators may also provide inspection and evaluation 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.