Engineering service companies handle planning, designing and supervision of construction related to a wide range of industries.
Engineering Services Global Market Size
The global engineering services market was valued at $1022.9 billion in 2017. Western Europe was the largest geographic region accounting for $312.9 billion or 30.5% of the global market. The USA was the largest country accounting for $218.6 billion or 21.3% of the global engineering services market.
Engineering Services Global Market Trend
Engineering services firms are increasingly using industrial IoT to improve their production process. Internet of things or IoT is a system of interrelated systems or devices that enables to transmit data over a wide range of network. By using this technology, engineering service firms exchange real time information that helps to design and develop products at a fast rate.
The companies covered are Balfour Beatty, Laing O' Rourke, Kiewit Corporation, Hochtief Aktiengesellschaft, and ACS Group.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Engineering Services Global Market Segmentation
The engineering services market is segmented into Civil Engineering Services, Environmental Engineering Services, Construction Engineering Services, Mechanical Engineering Services, and Other Engineering Services.
Civil Engineering Services comprises establishments primarily engaged in applying civil engineering services like designing, construction, and maintenance of the physical and naturally built environment, including works like bridges, roads, canals, dams and buildings.
Environmental Engineering Services comprises establishments primarily engaged in applying environmental engineering that is concerned with protecting people from the effects of adverse environmental effects, such as pollution, as well as improving environmental quality.
Construction Engineering Services comprises establishments primarily engaged in applying construction engineering is a professional discipline that deals with the designing, planning, construction, and management of infrastructures such as roads, tunnels, bridges, airports, railroads, facilities, buildings, dams, utilities and other projects.
Mechanical Engineering Services comprises establishments primarily engaged in applying mechanical engineering that includes engineering, physics, engineering mathematics, and materials science principles to design, analyze, manufacture, and maintain mechanical systems. It is one of the oldest and broadest of the engineering disciplines.
Other Engineering Services comprises establishments primarily engaged in applying physical laws and principles of engineering in the design, development, and utilization of machines, materials, instruments, structures, processes, and systems.