Product Code: GVR-4-68040-326-9
Engineering Services Market Growth & Trends:
The global engineering services market size is expected to reach USD 4.71 trillion by 2030, according to a new report by Grand View Research, Inc., growing at a CAGR of 5.5% from 2024 to 2030. The engineering services market is experiencing significant growth driven by technological advancements, increasing infrastructure development, and the need for sustainable solutions. Key drivers include adopting automation, artificial intelligence (AI), and the Internet of Things (IoT), which enhance productivity and efficiency. Rapid urbanization, government investments in infrastructure, and the push for eco-friendly practices due to stringent environmental regulations are also propelling the market. In addition, globalization and the trend of outsourcing services, as well as the rise of Industry 4.0 and smart manufacturing, are expanding market opportunities.
However, the market faces challenges such as economic uncertainty, high initial costs, and a shortage of skilled professionals. Regulatory complexities across different regions further restrain market growth. Despite these challenges, opportunities abound in digital transformation, renewable energy projects, smart city development, and emerging markets in Asia Pacific and Latin America. Strategic partnerships and collaborations with technology providers can help companies innovate and expand their service offerings, positioning them to thrive in the evolving market landscape.
Regulatory and environmental considerations play a crucial role in shaping the market, as firms must comply with health, safety, and environmental standards. Challenges such as intense competition, high client expectations, technological disruption, and global trade issues also impact the market. Despite these challenges, the market is poised for continued growth driven by infrastructure development, technological advancements, and sustainability efforts. Emerging technologies and markets will influence the market's future, with a strong focus on digital integration and innovative, sustainable solutions.
Europe is expected to grow significantly in the engineering services market during the forecast period. The region's leadership in technological innovation across industries like automotive, aerospace, renewable energy, and healthcare positions it at the forefront of advancing technologies such as electric vehicles, autonomous systems, and sustainable energy solutions. This innovation fosters demand for engineering services specializing in research, development, and implementation of cutting-edge technologies. Moreover, Europe's strong emphasis on sustainability, evidenced by stringent environmental regulations and commitments to carbon neutrality, drives further demand for engineering services in green technologies, energy efficiency, and sustainable infrastructure projects.
Engineering Services Market Report Highlights:
- Engineering services are crucial for enterprises aiming to create a productive and efficient work environment. By ensuring that projects are completed accurately and efficiently, businesses can achieve greater productivity and customer satisfaction, ultimately driving growth and success
- Based on engineering service type, specialized engineering segment in engineering is expected to grow at the fastest CAGR over the forecast period
- Based on engineering service type, electrical engineering is anticipated to dominate the market in 2023, with a market share of more than 27%, and is expanding at a CAGR of 4.5% from 2024 to 2030
- Based on application, environmental projects application is projected to lead the financing model category, growing at a CAGR of 5.4% over the forecast period.
- Based on end use, construction is forecasted to grow at the fastest CAGR of 6.9% over the forecast period
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Research Assumptions
- 1.5. List of Data Sources
- 1.5.1. Secondary Sources
- 1.5.2. Primary Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope Outlook
- 3.1. Market Lineage Outlook
- 3.2. Engineering Services Market Value Chain Analysis
- 3.3. Engineering Services Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint/Challenge Analysis
- 3.3.3. Market Opportunity Analysis
- 3.4. Industry Analysis - Porter's Five Forces Analysis
- 3.4.1. Supplier Power
- 3.4.2. Buyer Power
- 3.4.3. Substitution Threat
- 3.4.4. Threat of New Entrants
- 3.4.5. Competitive Rivalry
- 3.5. Engineering Services Market PESTEL Analysis
- 3.5.1. Political Landscape
- 3.5.2. Economic Landscape
- 3.5.3. Social Landscape
- 3.5.4. Technology Landscape
- 3.5.5. Environmental Landscape
- 3.5.6. Legal Landscape
- 3.6. Impact of COVID-19 on the Engineering Services Market
Chapter 4. Engineering Services Market Engineering Service Type Outlook
- 4.1. Segment Dashboard
- 4.2. Engineering Services Market, By Engineering Service Type Movement Analysis, 2023 & 2030
- 4.3. Design and Development
- 4.3.1. Design and Development Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.4. Consulting
- 4.4.1. Consulting Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.5. Construction and Project Management
- 4.5.1. Construction and Project Management Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.6. Maintenance and Support
- 4.6.1. Maintenance and Support Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.7. Specialized Engineering Services
- 4.7.1. Specialized Engineering Services Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 4.8. Technology Integration
- 4.8.1. Technology Integration Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 5. Engineering Services Market Engineering Discipline Outlook
- 5.1. Segment Dashboard
- 5.2. Engineering Services Market, By Engineering Discipline Analysis & Market Share, 2023 & 2030
- 5.3. Civil
- 5.3.1. Civil Engineering Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 5.4. Mechanical
- 5.4.1. Mechanical Engineering Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 5.5. Electrical
- 5.5.1. Electrical Engineering Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 5.6. Piping and Structural
- 5.6.1. Piping and Structural Engineering Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 6. Engineering Services Market Application Outlook
- 6.1. Segment Dashboard
- 6.2. Engineering Services Market, By Application Analysis & Market Share, 2023 & 2030
- 6.3. Infrastructure Development
- 6.3.1. Infrastructure Development Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.4. Commercial Buildings
- 6.4.1. Commercial Buildings Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.5. Industrial Projects
- 6.5.1. Industrial Projects Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.6. Technology Implementation
- 6.6.1. Technology Implementation Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.7. Environmental Projects
- 6.7.1. Environmental Projects Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 6.8. Others
- 6.8.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 7. Engineering Services Market End Use Outlook
- 7.1. Segment Dashboard
- 7.2. Engineering Services Market, By End Use Analysis & Market Share, 2023 & 2030
- 7.3. Construction
- 7.3.1. Construction Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.4. Manufacturing
- 7.4.1. Manufacturing Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.5. Energy and Utilities
- 7.5.1. Energy and Utilities Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.6. Transportation
- 7.6.1. Transportation Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.7. Healthcare
- 7.7.1. Healthcare Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.8. Telecommunications
- 7.8.1. Telecommunications Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 7.9. Others
- 7.9.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Billion)
Chapter 8. Engineering Services Market: Regional Estimates & Trend Analysis
- 8.1. Engineering Services Market Share by Region, 2023 & 2030
- 8.2. North America
- 8.2.1. North America Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.2.2. North America Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.2.3. North America Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.2.4. North America Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.2.5. North America Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.2.6. U.S.
- 8.2.6.1. U.S. Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.2.6.2. U.S. Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.2.6.3. U.S. Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.2.6.4. U.S. Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.2.6.5. U.S. Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.2.7. Canada
- 8.2.7.1. Canada Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.2.7.2. Canada Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.2.7.3. Canada Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.2.7.4. Canada Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.2.7.5. Canada Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.2.8. Mexico
- 8.2.8.1. Mexico Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.2.8.2. Mexico Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.2.8.3. Mexico Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.2.8.4. Mexico Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.2.8.5. Mexico Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.3. Europe
- 8.3.1. Europe Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.3.2. Europe Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.3.3. Europe Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.3.4. Europe Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.3.5. Europe Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.3.6. UK
- 8.3.6.1. UK Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.3.6.2. UK Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.3.6.3. UK Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.3.6.4. UK Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.3.6.5. UK Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.3.7. Germany
- 8.3.7.1. Germany Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.3.7.2. Germany Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.3.7.3. Germany Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.3.7.4. Germany Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.3.7.5. Germany Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.3.8. France
- 8.3.8.1. France Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.3.8.2. France Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.3.8.3. France Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.3.8.4. France Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.3.8.5. France Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.4.2. Asia Pacific Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.4.3. Asia Pacific Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.4.4. Asia Pacific Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.4.5. Asia Pacific Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.4.6. China
- 8.4.6.1. China Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.4.6.2. China Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.4.6.3. China Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.4.6.4. China Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.4.6.5. China Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.4.7. Japan
- 8.4.7.1. Japan Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.4.7.2. Japan Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.4.7.3. Japan Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.4.7.4. Japan Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.4.7.5. Japan Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.4.8. India
- 8.4.8.1. India Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.4.8.2. India Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.4.8.3. India Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.4.8.4. India Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.4.8.5. India Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.4.9. South Korea
- 8.4.9.1. South Korea Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.4.9.2. South Korea Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.4.9.3. South Korea Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.4.9.4. South Korea Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.4.9.5. South Korea Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.4.10. Australia
- 8.4.10.1. Australia Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.4.10.2. Australia Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.4.10.3. Australia Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.4.10.4. Australia Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.4.10.5. Australia Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.5. Latin America
- 8.5.1. Latin America Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.5.2. Latin America Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.5.3. Latin America Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.5.4. Latin America Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.5.5. Latin America Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.5.6. Brazil
- 8.5.6.1. Brazil Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.5.6.2. Brazil Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.5.6.3. Brazil Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.5.6.4. Brazil Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.5.6.5. Brazil Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.6. Middle East & Africa
- 8.6.1. Middle East & Africa Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.6.2. Middle East & Africa Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.6.3. Middle East & Africa Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.6.4. Middle East & Africa Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.6.5. Middle East & Africa Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.6.6. UAE
- 8.6.6.1. UAE Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.6.6.2. UAE Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.6.6.3. UAE Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.6.6.4. UAE Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.6.6.5. UAE Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.6.7. KSA
- 8.6.7.1. KSA Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.6.7.2. KSA Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.6.7.3. KSA Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.6.7.4. KSA Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.6.7.5. KSA Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
- 8.6.8. South Africa
- 8.6.8.1. South Africa Engineering Services Market Estimates and Forecasts, 2017 - 2030 (USD Billion)
- 8.6.8.2. South Africa Engineering Services Market Estimates and Forecasts, by Engineering Service Type, 2017 - 2030 (USD Billion)
- 8.6.8.3. South Africa Engineering Services Market Estimates and Forecasts, by Engineering Discipline, 2017 - 2030 (USD Billion)
- 8.6.8.4. South Africa Engineering Services Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Billion)
- 8.6.8.5. South Africa Engineering Services Market Estimates and Forecasts, By End Use, 2017 - 2030 (USD Billion)
Chapter 9. Engineering Services Market Competitive Landscape
- 9.1. Key Market Participants
- 9.1.1. STRABAG SE
- 9.1.2. Jones Lang LaSalle Incorporated
- 9.1.3. Balfour Beatty Inc.
- 9.1.4. Kiewit Corporation
- 9.1.5. AECOM Engineering company
- 9.1.6. NV5 Global, Inc.
- 9.1.7. Barton Malow
- 9.1.8. Brasfield & Gorrie LLC
- 9.1.9. Nearby Engineers
- 9.1.10. RMF Engineering Inc
- 9.1.11. Bechtel Corporation
- 9.1.12. Gilbane Building Company
- 9.1.13. WSP Global Inc
- 9.1.14. Jacobs Engineering Group
- 9.2. Key Company Market Share Analysis, 2023
- 9.3. Company Categorization/Position Analysis, 2023
- 9.4. Strategic Mapping
- 9.4.1. Product launches
- 9.4.2. Mergers & Acquisitions
- 9.4.3. Partnership & Collaborations
- 9.4.4. Investments
- 9.4.5. Expansion