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Engineering Services in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Engineering Services in Canada Market Research Report | NAICS 54133CA | Jan 2016

Built to last: The industry will continue expansion despite declining public investment

IBISWorld’s Engineering Services 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.

Report Snapshot
Industry Statistics & Market Size
Revenue
$30bn
Annual Growth 10-15
3.3%
Annual Growth 15-20
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Profit
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Employment
196,290
Businesses
29,057
Industry Analysis & Industry Trends

The Engineering Services industry has expanded overall in the five years to 2015. In the beginning of the period, increased public spending on transportation infrastructure boosted demand for related industry services; however, revenue growth has been inconsistent because government spending slowed in 2013 and 2014. Investor fears of high household debt and a potential real estate bubble have also tempered investment in commercial and industrial construction projects, upon which engineering services operators rely. The energy sector will consequently increase in importance to the industry over the next five years... purchase to read more

Industry Report - Industry Investment Chapter

The Engineering Services industry has a low level of capital intensity. The industry is service-based and primarily provides design, assessment and management services. Consequently, the industry is highly labour intensive, with direct wages accounting for 40.5% of revenue, which includes subcontracting payments. Conversely, depreciation is estimated to represent only 1.8% of revenue. As a result, IBISWorld estimates that industry operators will spend $0.05 on equipment for every $1.00 spent on wages in 2015.

Capital expenditure primarily includes computer hardware and software technology, which have become a requirement for even the smallest industry operators... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Engineering Services Industry?

Establishments in this industry apply the physical laws and principles of engineering in the design, development and use of machines, materials, instruments, structures, processes and systems. Industry services involve providing advice; preparing plans, designs and feasibility studies; providing technical services during construction or installation activities; inspecting and evaluating engineering projects; and other related services.

Industry Products
Industrial and manufacturing servicesTransportation servicesPower generation servicesCommercial and institutional servicesMunicipal utility servicesIndependent project advisory and project management servicesResidential servicesOther services
 
Industry Activities
Designing and managing construction and engineering infrastructure projectsProject planning and providing economic assessments Providing design and management services for industrial processes and equipment Providing feasibility studies, including environmental impact assessment and community consultationDesign and management for environmental projectsProviding chemical and electrical engineering services


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