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 SWOT Analysis Chapter
This industry is in the mature phase of its life cycle. Industry value added, which measures an industry's contribution to GDP, is projected to increase at an average annual rate of 3.6% during the 10 years to 2020. In comparison, GDP is expected to grow at an annualized rate of 2.1% during the same 10 year-period. Industries that grow at a similar rate as GDP are considered to be mature. Growth is expected to be slightly faster over this period as the industry recovers from a dip in demand caused by anemic private investment during the recession. In addition, downstream businesses have widely accepted and adopted the industry's services, further boosting demand.
Additionally, the industry will receive some stimulus from increasing demand for environmentally friendly projects... purchase to read more