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Engineering Services in the US - Industry Market Research Report

  • August 2017
  • 38 pages
  • Ibisworld
Report ID: 199076

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High rise: Recovery in private investment will drive industry’s return to growth

Abstract

Engineering Services in the US



Over the past five years, industry revenue has continued to decline due to weak public spending on large infrastructure projects, as well as relatively weak private investment in new facilities. In the five years to 2022, the industry is anticipated to grow as increasing corporate profit allows businesses to commit to long-term construction projects. Growth is expected to be driven by demand from private nonresidential construction.

Industry operators apply the physical laws and principles of engineering in designing, developing and using machines, materials, instruments, structures, processes and systems. These services may involve providing advice, preparing feasibility studies, preparing plans and designs, providing technical services during construction or development, inspecting and evaluating engineering projects and providing other related services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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