Engineering Services in the US

Positive outlook

This low concentrated, highly fragmented industry recently faced a tough time by the onset of recessionary conditions. However, the industry growth rate is expected to pull up its socks and pick up its pace, with the demand for consulting services stemming from the demand for work on energy projects outside the US. A development to note is the trend towards sourcing an increasing proportion of professional labor requirements from lower cost countries.

This industry 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. The assignments undertaken by these establishments may involve any of the following activities: provision of advice, preparation of feasibility studies, preparation of preliminary and final plans and designs, provision of technical services during the construction or installation phase, inspection and evaluation of engineering projects, and related services. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.