Engineering and Life Sciences Research and Development - 2023 U.S. Market Research Report with Updated Recession Forecasts
The 78-page 2023 Engineering and Life Sciences Research and Development Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100+ data sets covering 2014-2027.
This Kentley Insights report is full of industry insights including historical and forecasted market size, revenue and industry breakdowns by product lines, size of company, concentration segmentation, business structure, customer type, state and MSA, profitability, financial ratios, balance sheet benchmarks, BCG matrix, extensive statistics by state and MSA, operating expense details, workforce composition, industry consolidation analysis, sector benchmarks, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on numerous industry statistics including companies, locations, employees, pay, and much more.
The Engineering and Life Sciences Research and Development industry comprises companies primarily engaged in conducting research and experimental development (except nanotechnology and biotechnology research and experimental development) in the physical, engineering, and life sciences, such as agriculture, electronics, environmental, biology, botany, computers, chemistry, food, fisheries, forests, geology, health, mathematics, medicine, oceanography, pharmacy, physics, veterinary and other allied subjects.
This report was developed utilizing the results from extensive business surveys and econometrics. Professionals utilize this report for market sizing, industry analysis, benchmarking, forecasting, strategic planning, market analysis, due diligence, valuation, sales & marketing strategy, operational streamlining, organizational strategy, evaluating opportunities, and many other analyses.
Review the 78-page table of contents or download a sample report to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
Below are a few of the hundreds of stats from the report:
In 2022, industry sales were $248.3 billion
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Over the past 3 years, the industry has grown at an annual rate of 12.1%
The report has historical, annual and forecasted growth rates
There are 11,127 companies in the industry
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SALES PER COMPANY
In 2022, the average sales per company was $22.3 million
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INFLATION & PRICING
2021 inflation was 4.2%
The report has historicals (2014-2022), 4 years of monthly figures, and 2023 & 5-year forecast
For unprofitable companies, the average net loss is -136%
The report has more on market and profitability dynamics
Employee productivity is $336,855
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3.3% of expenses is spent on health insurance
Benchmark against 24 other expense categories
In 2022, industry operating expenses grew 6.5%
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In 2022, payroll per employee was $118,828
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PAYROLL BY STATE
California averages $163,521 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS
17.4% of employees in the industry are in management positions
Benchmark against 13 other job categories
JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $28.24
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The above stats represent a small fraction of what you will find in this report.
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