Revenue for the Engineering Services industry has declined over the past five years due to relatively weak private investment in new facilities. The absence of lucrative long-term projects during this period hurt most firms, and some were forced to trim their workforces. Nevertheless, industry revenue began to stabilize in 2014 as greater liquidity in financial markets helped boost spending on new construction, and growth is expected to pick up over 2015 due to the improving financial outlook. In the next five years, a continued rebound in nonresidential construction is expected to boost demand for industry services, especially those related to improving environmental sustainability.
Industry establishments 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.
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.