Bridging the gap: A rise in public sector capital expenditure has supported revenue growth

Revenue for the Engineering Consulting industry has grown modestly over the past five years. A rise in public sector capital expenditure and governments increasingly outsourcing major infrastructure projects have largely supported industry demand over the period. However, deteriorating capital expenditure on private non-residential construction has limited revenue growth. This decline in capital expenditure has largely been due to falling commodity prices and the completion of major LNG projects, which have also diminished investment from mining and resources companies. Industry revenue is expected to increase at an annualised 1.0% over the five years through 2019-20, to $46.9 billion. This includes an anticipated rise of 0.3% in the current year...read more.

Industry Statistics & Market Size
Revenue
$47bn
Annual Growth 15-20
1.0%
Forecast Growth 20-25
Profit
Employment
142,417
Businesses
37,731
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Increased public sector capital expenditure has supported industry demand over the past five years
  • Multidisciplinary consultancy firms can compete for work on a wider variety of projects
  • Increased investment in the non-residential building market will benefit the industry
  • Industry Report - Industry Key Buyers Chapter

    The Engineering Consulting industry is characterised by low market share concentration. The four largest players are expected to account for less than 40% of industry revenue in 2019-20. The industry's low concentration can be attributed to the many sole proprietors and small-scale firms in the industry. Almost 98% of industry businesses employ fewer than 20 people, with over 50% of all players being non-employing firms.Most large engineering consulting firms are multi-establishment operations with branches in major capital cities and key regional markets. These companies typically provide other complementary services in addition to engineering consulting, such as environmental, architectural and construction services. The...purchase to read more.

    Additional Insights for the Engineering Consulting Industry

    IBISWorld has determined the most important Key Success Factors for the Engineering Consulting are:

  • Ability to accommodate environmental requirements
  • Provision of development programs for personnel
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Private non-residential construction capital expenditure and Actual capital expenditure on mining in the Engineering Consulting industry impact industry performance..

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    What's in this report

    What is the Engineering Consulting Industry?

    Industry firms provide engineering consulting services, which typically relate to the design, development and use of infrastructure projects, machinery, processes and systems. Industry firms offer advisory services, feasibility studies, preparation of preliminary and final plans and designs, technical services during project construction phases, and inspection and evaluation of construction and engineering projects. The industry does not manage or organise construction projects.

    Industry Products
  • Engineering design consulting
  • Testing and analysis
  • Process and systems engineering consulting
  • Project management consulting
  • Asset management
  • Environmental consulting
  • Procurement assistance
  • Industry Activities
  • Chemical engineering consulting
  • Civil engineering consulting
  • Electrical engineering consulting
  • Marine engineering consulting
  • Mechanical engineering consulting
  • Mining engineering consulting
  • Pipeline engineering consulting
  • Product design and plans for fittings, machinery or equipment
  • Inspection and evaluation of projects
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Private non-residential construction capital expenditure
  • Actual capital expenditure on mining
  • Capital expenditure by the public sector
  • Demand from manufacturing
  • Private capital expenditure on machinery and equipment

  • Current Performance
  • Downstream markets
  • Structural change
  • Profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Opportunities and threats
  • Industry structure
  • Legislative changes
  • Table: Engineering Consulting Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Engineering Consulting Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining
  • Electricity, Gas, Water and Waste Services
  • Construction
  • Rail Freight Transport
  • Agribusiness
  • Organic Farming

  • Key Selling Industries
  • Construction
  • Employment Placement and Recruitment Services
  • Machinery and Scaffolding Rental

  • Products & Services
  • Engineering design consulting
  • Testing and analysis
  • Project management consulting
  • Asset management
  • Process and systems engineering consulting
  • Environmental consulting
  • Procurement assistance
  • Chart: Engineering Consulting Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Developers and building construction firms
  • Utilities and transport operators
  • Public sector
  • Mining and resources firms
  • Other firms
  • Manufacturers
  • Chart: Major Market Segmentation for the Engineering Consulting Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Engineering Consulting

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Engineering Consulting Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Engineering Consulting Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Engineering Consulting Industry
    Includes:
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Big Data
  • Vast sets of data that can be analysed to reveal trends and insights.
  • Epcm
  • A model where the contractor delivers the project from start to finish, including engineering, procurement, construction, and management.
  • Geotechnical
  • A branch of engineering that studies the behaviour of earth materials.
  • Life Cycle Asset Management
  • Business systems designed to manage the financial, contractual, operational and inventory functions of assets or processes.
  • Lng
  • Natural gas that has been converted into a liquid through a cooling process for easy bulk transport.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Engineering Consulting market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Engineering Consulting:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Engineering Consulting market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Engineering Consulting, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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