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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 Analysis Chapter

Over the past five years, the Engineering Services industry has experienced varied conditions. As the economy entered into a phase of recovery, industry revenue surged forward as new private investment and government intervention helped boost demand for engineering services. Furthermore, the rising price of commodities, particularly oil, increased investment in mining and oil extraction engineering design and studies, boosting industry revenue early in the five-year period. However, fears of an overheated property market coupled with a decline in oil and steel prices caused the value of nonresidential construction to subsequently fall, with major resource projects put on hold. This caused industry revenue to decline in 2014... 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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