The global engineering services market is valued at US$ 707 billion at present and is forecast to become a trillion-dollar industry by 2032, expanding at a CAGR of 5.9% between 2022 and 2032.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Engineering Services market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Engineering Services market.
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Key findings of the Engineering Services market study:
- Regional breakdown of the Engineering Services market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Engineering Services vendors in detail.
- Region-wise and country-wise fragmentation of the Engineering Services market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Engineering Services market.
Key Companies Profiled
- AECOM
- Affiliated Engineers Inc
- AKF Group LLC
- Arcadis
- Arora Engineers
- Arup
- Burns & McDonnell
- CJL Engineering
- Coffman Engineers
- ESD
- IMEG Corp.
- Integral Group
- Interface Engineering
- Jensen Hughes
- Kimley-Horn
- Loring Consulting Engineers
Competitive Landscape
The competitive intensity in the global engineering consortium consulting market is high with the presence of various new and established players in the market. Strategic moves by these market players, such as acquisitions, mergers, and partnerships are being implemented to upscale their presence among end users.
- In November 2021, Ardurra Group, a consulting and engineering services firm, acquired and merged with Ritoch-Powell & Associates, which is a civil engineering firm. The aim behind this initiative was to enhance the company’s service offerings and global footprint.
- In October 2021, Ransom Consulting, an environmental & engineering firm, acquired Civalier Engineering & Surveying, Inc. Through this acquisition, Ranson expanded to six new offices across the New England and Atlantic region.
- In October 2019, Balfour Beatty, an infrastructure group, signed a partnership agreement with the North Carolina Department of Transportation (NCDOT) to upgrade traffic on a 5.1-mile stretch of U.S. 70 in James City in Craven County. This project is outlined to enhance local community services and improve economic development in the area.
Fact.MR has provided detailed information about the providers of engineering services positioned across regions, sales growth, and service offering expansion, in the recently published report.
Segmentation of Engineering Services Industry Survey
- By Service :
- Construction Management Services
- Transportation and Traffic Engineering
- Municipal Engineering/Land Development
- Bridge Inspections and Engineering
- Enterprise Architecture
- Aircraft Modification & Certification
- Manufacturing Engineering
- By Functional Area :
- System Engineering and Process Engineering Support
- Modeling, Simulation
- Prototyping, Pre-Production, Model-Making, and Fabrication Support
- System Design Documentation and Technical Data Support
- Software Engineering, Development, Programming, and Network Support
- Reliability, Maintainability, and Availability (RM&A) Support
- Human Factors, Performance, and Usability Engineering Support
- System Safety Engineering Support
- Configuration Management (CM) Support
- Quality Assurance (QA) Support
- Information System (IS) Development, Information Assurance (IA), and Information Technology (IT) Support
- Interoperability, Test and Evaluation, Trials Support
- Measurement Facilities, Range, and Instrumentation Support
- Supply and Provisioning Support
- Training Support
- In-Service Engineering, Fleet Introduction, Installation Support
- Others
- By End-use Industry :
- Industrial
- Aerospace & Defense
- Automotive
- Energy & Power
- Healthcare
- Oil & Gas
- Construction
- Government & Public
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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Queries addressed in the Engineering Services market report:
- Why are the Engineering Services market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Engineering Services market?
- Which regions are displaying the fastest growth in the Engineering Services market?
- What are the underlying micro- macroeconomic factors affecting the global Engineering Services market?
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