The industry began to rebound during the past five years after shrinking during the first year of the period. Revenue contracted during the start of the period as falling industrial production, constrained capital expenditure budgets and weak levels of construction activity dampened demand for industry services. However, the industry began to rebound from 2012-13 as various types of infrastructure construction activity, such as electricity and telecommunication infrastructure construction, gained momentum and propelled industry demand. In addition, business capital expenditure budgets also began to expand and positively influenced demand.
Firms in this industry apply engineering principles to the design, development and use of machines, materials, instruments, structures, processes and systems. This includes designing industrial processes; providing surveying and mapping services; and designing, managing and consulting on the construction of buildings and infrastructure.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.