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

Revenue for the Engineering Consulting industry has grown modestly over the past five years. Increased public sector capital expenditure and the rising trend of governments outsourcing major infrastructure projects have largely supported industry demand over the period. However, deteriorating capital expenditure on private non-residential construction has limited industry revenue growth over the period. This trend 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. Overall, industry revenue is expected to increase at an annualised 1.0% over the five years through 2017-18, to $44.1 billion. This includes anticipated growth of 2.6% over the current year...read more.

Industry Statistics & Market Size
Revenue
$44bn
Annual Growth 13-18
1.0%
Forecast Growth 18-23
Profit
Employment
138,404
Businesses
35,868
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 - Starting a New Business Chapter

    The industry exhibits moderate barriers to entry. Entry into the industry is largely restricted to operators with principal personnel holding appropriate tertiary qualifications. A Bachelor of Engineering or Associate Diploma of Engineering is generally regarded as the minimum qualification. Beyond the qualification requirement, the technical complexity of many industry projects may restrict the entry of new competitors. Engineering consultants are usually required to have in-depth experience and specialised knowledge in the industry's main markets, such as mining and resources, in conjunction with demonstrated skill across the industry's complex services, such as project feasibility consulting, and analysis, evaluation and oversight of construction projects...purchase to read more.

    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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    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
  • 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
  • Heavy industrial construction firms
  • Developers and building construction firms
  • 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
    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 (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
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Engineering Consulting market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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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