Engineering Services in Florida - Industry Market Research Report

Engineering Services in Florida - Industry Market Research Report

  • May 2019 •
  • 20 pages •
  • Report ID: 5470396 •
  • Format: PDF

By design: Growth in Florida’s economy will continue to boost demand for engineering

Abstract

Engineering Services in Florida
Demand for the Engineering Services industry has grown over the past five years as the Florida economy grew and downstream markets expanded to demand more engineering services. The population of Florida grew quickly over the past five years and prompted rapid job growth in the state. As a result, more engineering services were required for the boom in private nonresidential and residential construction projects required to house the businesses and individuals. Manufacturing GDP is forecast to continue growing over the following five years, continuing to increase demand for engineering services in that state. Also, the value of private nonresidential and residential construction is projected to continue growing. Overall, forecasted growth in Florida’s economy and engineering-reliant activities will continue to boost demand for engineering in the state.

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.

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.
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