Overview

Changing tactics: Industry firms have expanded their services to offset loss of mining revenue

IBISWorld’s Engineering Consulting market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$40bn
Annual Growth
2013 - 2018
1.6%
Annual Growth
2018 - 2023
Profit
Employment
132,404
Business
33,862

Industry Threats & Opportunities

  • Increased public sector capital expenditure has largely supported industry demand
  • 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

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    Industry Analysis & Industry Trends

    Revenue for the Engineering Consulting industry has grown modestly over the past five years. Revenue growth has been largely limited by deteriorating capital expenditure on private non-residential construction. This 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. However, the rising trend of governments outsourcing major infrastructure projects and increased public sector capital expenditure have largely supported industry demand over the past five years. As a result, industry revenue is expected to increase at an annualised 1.6% over the five years through 2017-18, reaching $40.4 billion. This includes subdued growth of 0.6% over the current year...

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    Industry Report - Industry Investment Chapter

    The Engineering Consulting industry is characterised by low capital intensity. IBISWorld estimates that for every dollar spent on wages, the industry invests $0.08 in capital. This is because the industry is labour-intensive, with employees requiring specialist skills and knowledge to provide the industry's engineering design, assessment and technical services. Industry capital expenditure is minor and mainly includes computer hardware and software technology, which is a necessary requirement for even the smallest players in the industry.

    Despite the industry's reliance on its skilled labour force, capital intensity is expected to have increased slightly over the past five years. Thi..

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    Additional Insights for the Engineering Consulting Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Engineering Consulting Industry 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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    Industry Products

    What is the Engineering Consulting Industry?

    Industry firms provide engineering consulting services, which typically relate to the design, development and utilisation of infrastructure projects, machinery, processes and systems. Industry firms offer advisory services, feasibility studies, preparation of preliminary and final plans and design, 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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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
  • Table: Engineering Consulting Industry Revenue Outlook

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

  • Products & Markets
    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
  • Heavy industrial construction firms
  • Developers and building construction firms
  • The public sector
  • Manufacturers
  • Utilities and transport operators
  • Mining and resources firms
  • Other firms
  • Chart: Major Market Segmentation for the Engineering Consulting Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Subcontractors
  • Rent, depreciation, utilities and other
  • Chart: Cost Structure Benchmarking – Sector vs Engineering Consulting

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

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Engineering Consulting Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Big Data
  • Extremely large sets of data that may be analysed reveal trends and insights.
  • Epcm
  • A model where the contractor delivers the project from start to finish, including engineering, procurement, construction, and management of a project.
  • 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
  • Liquefied natural gas (LNG) is natural gas that has been converted into a liquid through a cooling process for easy bulk transport.
  • Why buy this report?

    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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