Overview

Engineered for success: Revenue is set to rise on greater public sector capital expenditure

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
$43bn
Annual Growth
2012 - 2017
-2.4%
Annual Growth
2017 - 2022
Profit
Employment
98,615
Business
31,504

Industry Threats & Opportunities

  • Industry profitability has contracted due to increasing competition among the major players
  • Multidisciplinary consultancy firms can compete for work on a wider variety of projects
  • Improved demand from the public sector is expected to drive demand for engineering consulting

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    Industry Analysis & Industry Trends

    The Engineering Consulting industry's performance has declined over the past five years on the back of deteriorating downstream market conditions. Industry revenue is expected to fall at an annualised 2.4% over the five years through 2016-17, to $43.1 billion. Strong commodity prices at the start of the five-year period increased demand from the mining sector, benefiting the industry. However, many commodity prices have since declined, and new investment from the mining industry has decreased. A slowdown in construction associated with the declining mining sector, alongside falling capital expenditure by the public sector, is expected to cause industry revenue to fall over the four years through 2016-17. Industry revenue is projected to decline by 2.6%...

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    Industry Report - Industry Analysis Chapter

    The Engineering Consulting industry has contracted over the past five years as investment on large-scale infrastructure and mining-related projects has declined. High commodity prices over the early part of the five-year period fuelled the mining boom, increasing demand for industry services. Projects such as Queensland’s Gladstone LNG venture and the Curtis Island LNG project boosted demand for high-value design work. Over the past two years, several of these projects have transitioned to the production stage. This has caused demand for design services to fall. As a result, industry revenue is expected to fall at an annualised 2.4% over the five years through 2016-17, to $43.1 billion. Var..

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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
  • Establishment of export markets
  • 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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    New Zealand Special Report

    Industry Products

    What is the Engineering Consulting Industry?

    Industry firms primarily provide engineering consulting services, particularly relating to construction and engineering infrastructure projects, environmental projects, and industrial processes and equipment. Activities typically include providing advice, feasibility studies, plans and designs, technical services during project construction phases, and inspecting and evaluating construction and engineering projects.

    Industry Products
    Engineering design consulting
    Testing and analysis
    Process engineering consulting
    Project management consulting
    Asset management
    Environmental consulting
    Procurement assistance
    Industry Activities
    Chemical engineering
    Civil engineering
    Electrical engineering
    Marine engineering
    Mechanical and hydraulic
    Mining engineering
    Pipeline engineering
    Product design for fittings, machinery or equipment
    Quantity surveying
    Project management

    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
  • Wages and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • 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 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
  • Internal competition
  • External 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 (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Epcm
  • A model where the contractor delivers the project from start to finish, including engineering, procurement, construction, and management of a project.
  • 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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