Building up: Strong demand from private and public sectors boosts industry revenue

The Engineering Consulting industry has performed well over the past five years, with continued demand from downstream public and private organisations boosting revenue growth. Industry participants provide advisory services and assistance with designing and constructing a range of infrastructure and building projects. Demand for the industry's professional and specialty engineering services has been high over the past five years, due to many major projects being designed and built. While private businesses tend to invest in projects to increase their asset base or generate future revenue streams, government departments require infrastructure projects to service the general population, businesses and other organisations. Industry revenue is expected to increase at an annualised 3.6%...read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 14-19
3.6%
Forecast Growth 19-24
Profit
Employment
22,193
Businesses
6,253
Market Share of Companies

Industry Threats & Opportunities

  • Strong investment in construction has been driving demand for industry services
  • Industry profit margins have fallen over the past five years due to growing contractor costs
  • Growing competition and wages are likely to reduce profit margins over the next five years
  • Industry Report - Industry SWOT Analysis Chapter

    The Engineering Consulting industry is in the growth phase of its economic life cycle. Industry value added, which measures an industry's contribution to the overall economy, is projected to increase at an annualised 3.2% over the 10 years through 2023-24. This represents an overperformance relative to New Zealand's GDP growth, which is expected to grow at an annualised 2.9% over the same period.Over the past five years, the industry has benefited from growing demand from construction markets and the public sector. This reflects consumers' growing acceptance and usage of engineering consulting services, which is projected to continue over the five years through 2023-24. Bot...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

  • Access to highly skilled workforce
  • Economies of scale
  • Economies of scope
  • IBISWorld analysts also discuss how external factors such as Capital expenditure on construction and Capital expenditure by the private sector in the Engineering Consulting industry impact industry performance..

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    What's in this report

    What is the Engineering Consulting in New Zealand Industry?

    Industry firms provide engineering consulting services across a range of disciplines, including civil, mechanical, electrical, marine, mining and hydraulics. Engineering services include designing, developing and utilising machines, materials, instruments, structures, processes and systems. Industry firms provide advice, prepare feasibility studies, prepare preliminary and final plans and designs, provide technical services, and inspect and evaluate engineering projects.

    Industry Products
  • Engineering design consulting
  • Testing and analysis services
  • Process engineering consulting
  • Project management consulting
  • Asset management services
  • Environmental consulting
  • Procurement assistance services
  • Industry Activities
  • Technical or engineering consulting service
  • Engineering design services
  • Engineering testing and analysis services
  • Project management consulting services
  • Asset management services
  • Environmental consulting services
  • Process engineering consulting services
  • Procurement assistance services
  • Geotechnical engineering services
  • Engineering and structural building inspections
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Capital expenditure on construction
  • Capital expenditure by the private sector
  • Capital expenditure by the public sector
  • Business confidence index
  • Private capital expenditure on machinery and equipment

  • Current Performance
  • Revenue and profit
  • Capital investment
  • Business conditions
  • Enterprises and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Steady revenue and returns
  • Mixed capital expenditure growth
  • Opportunities and threats
  • 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 in New Zealand
  • Water Supply in New Zealand
  • Construction in New Zealand
  • Agribusiness in New Zealand

  • Key Selling Industries
  • Computer and Computer Peripheral Wholesaling in New Zealand
  • Professional and Scientific Goods Wholesaling in New Zealand
  • Temporary Staff Services in New Zealand

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

  • Demand Determinants
    Major Markets
  • Developers and building construction firms
  • Government sector
  • Heavy industrial construction firms
  • Other sectors
  • Manufacturing sector
  • 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
    Beca Group Limited,
  • Table: Beca Group Limited - financial performance

  • 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 (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Asset Management
  • Business systems designed to manage the financial, contractual, operational and inventory functions of assets or processes.
  • Engineering Consulting
  • Professional services related to the design, construction and management of a range of infrastructure, building and other projects for public and private organisations.
  • Process Engineering
  • A service provided by the industry that looks to improve the way processes are carried out to increase productivity.
  • Public-Private Partnership (Ppp)
  • The construction or enhancement of an asset, which is financed and built by private interests, with ownership generally remaining with the public (government).
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Engineering Consulting in New Zealand 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.

    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 in New Zealand:
    • 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 in New Zealand 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 in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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