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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 | Mar 2014

Powering up: Rising demand from energy and mining clients will strengthen revenue and profit

IBISWorld’s Engineering Services 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
Industry Statistics & Market Size
Revenue
$30bn
Annual Growth 09-14
4.4%
Annual Growth 14-19
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Profit
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Employment
210,466
Businesses
25,549
Industry Analysis & Industry Trends

Industry operators have benefited from the strengthening value of oil and mined commodities in recent years. Energy and mining clients have increasingly requested industry services to expand operations or improve efficiency to meet renewed demand. Industry operators will likely continue to benefit from strong investment in nonresidential construction during the next five years. Although federal funding for infrastructure is projected to decline, private investment should improve along with the broader economy... 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 4.3% during the 10 years to 2019. In comparison, GDP is expected to grow at an annualized rate of 2.4% during the same 10 year-period. Growth is expected to be slightly faster over this period as the industry is recovering from a dip in demand caused by anemic private investment during the recession. Industries that grow at a similar rate as GDP are considered to be mature. In addition, downstream businesses have widely accepted and adopted the industry's services... 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 the construction or installation phase; inspecting and evaluating engineering projects; and other related services.

Industry Products
Infrastructure and environmental servicesPower and energy servicesMining and chemical servicesOperations and maintenance
 
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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