Industry Guide 2006 - Engineering

This report outlines the key issues and the subsequent technology responses currently present in the Engineering industry. The main issues and challenges relate to regulation and compliance, training, and competition. Economic factors such as interest rates, inflation, inward migration and urban sprawl also significantly affect the engineering industry. The economic development that has transformed the Irish economy over the last 20 years has brought about an array of economic and social concerns which include the rising cost of business operations and rental properties particularly in the retail business sector. Other such concerns relate to the upward inflationary pressures which are directly attributed to governmental regulation and consumer and market demand for more creative and inspiring developments in engineering. Given the dynamics of the overall engineering industry in Ireland, we have chosen some main areas which are moulding the engineering industry.