Product Code: GVR-4-68040-326-9
Engineering Services Market Growth & Trends:
The global engineering services market size is expected to reach USD 4,722.7 billion by 2030, registering a CAGR of 5.7% from 2025 to 2030, according to a new report by Grand View Research, Inc. The engineering services market is experiencing significant growth driven by technological advancements, increasing infrastructure development, and the need for sustainable solutions. Key drivers include adopting automation, artificial intelligence (AI), and the Internet of Things (IoT), which enhance productivity and efficiency. Rapid urbanization, government investments in infrastructure, and the push for eco-friendly practices due to stringent environmental regulations are also propelling the market. In addition, globalization and the trend of outsourcing services, as well as the rise of Industry 4.0 and smart manufacturing, are expanding market opportunities.
However, the market faces challenges such as economic uncertainty, high initial costs, and a shortage of skilled professionals. Regulatory complexities across different regions further restrain market growth. Despite these challenges, opportunities abound in digital transformation, renewable energy projects, smart city development, and emerging markets in Asia Pacific and Latin America. Strategic partnerships and collaborations with technology providers can help companies innovate and expand their service offerings, positioning them to thrive in the evolving market landscape.
Regulatory and environmental considerations play a crucial role in shaping the market, as firms must comply with health, safety, and environmental standards. Challenges such as intense competition, high client expectations, technological disruption, and global trade issues also impact the market. Despite these challenges, the market is poised for continued growth driven by infrastructure development, technological advancements, and sustainability efforts. Emerging technologies and markets will influence the market's future, with a strong focus on digital integration and innovative, sustainable solutions.
Europe is expected to grow significantly in the engineering services market during the forecast period. The region's leadership in technological innovation across industries like automotive, aerospace, renewable energy, and healthcare positions it at the forefront of advancing technologies such as electric vehicles, autonomous systems, and sustainable energy solutions. This innovation fosters demand for engineering services specializing in research, development, and implementation of cutting-edge technologies. Moreover, Europe's strong emphasis on sustainability, evidenced by stringent environmental regulations and commitments to carbon neutrality, drives further demand for engineering services in green technologies, energy efficiency, and sustainable infrastructure projects.
Engineering Services Market Report Highlights:
- The Non-Memory ATE segment accounted for the largest market share of over 19% in 2024. On the other hand, the specialized engineering services are poised to experience the highest growth during the next few years.
- The environmental projects segment dominated the engineering services market in 2024, fueled by rising global focus on sustainability, climate change reduction, and natural resource management. On the other hand, the technology implementation segment is registering the fastest growth.
- The communications segment is currently leading the market for engineering services, primarily due to the ongoing expansion of 5G networks, data centers, and telecommunications infrastructure worldwide. The construction segment is experiencing the fastest growth, fueled by a surge in residential, commercial, and public infrastructure projects globally.
- The civil engineering segment accounts for a significant portion of the engineering services market, primarily due to the high demand for infrastructure development across various sectors, including transportation, water systems, and urban planning.
- Asia Pacific accounted for the largest revenue share of nearly 37% in 2024 in the Engineering Services Market. The region is expected to witness a significant growth at a CAGR of 6.5%.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.2.1. Information analysis
- 1.2.2. Market formulation & data visualization
- 1.2.3. Data validation & publishing
- 1.3. Research Scope and Assumptions
- 1.3.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Engineering Services Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Technology Challenge
- 3.3. Engineering Services Market Analysis Tools
- 3.3.1. Technology Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and social landscape
- 3.3.2.3. Technological landscape
Chapter 4. Engineering Services Market: Engineering Service Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Engineering Services Market: Engineering Service Type Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. Design and Development
- 4.3.1. Design and Development Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Consulting
- 4.4.1. Consulting Engineering Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Construction and Project Management
- 4.5.1. Construction and Project Management Engineering Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Maintenance and Support
- 4.6.1. Maintenance and Support Engineering Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7. Specialized Engineering Services
- 4.7.1. Specialized Engineering Services Engineering Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.8. Technology Integration
- 4.8.1. Technology Integration Engineering Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Engineering Services Market: Engineering Discipline Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Engineering Services Market: Engineering Discipline Movement Analysis, 2024 & 2030 (USD Million)
- 5.3. Civil
- 5.3.1. Civil Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Mechanical
- 5.4.1. Mechanical Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Electrical
- 5.5.1. Electrical Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Piping and Structural
- 5.6.1. Piping and Structural Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Engineering Services Market: Application & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Engineering Services Market: Application Movement Analysis, 2024 & 2030 (USD Million)
- 6.3. Infrastructure Development
- 6.3.1. Infrastructure Development Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Industrial Projects
- 6.4.1. Industrial Projects Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Technology Implementation
- 6.5.1. Technology Implementation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Environmental Projects
- 6.6.1. Environmental Projects Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Others
- 6.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Engineering Services Market: End Use & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Engineering Services Market: End Use Movement Analysis, 2024 & 2030 (USD Million)
- 7.3. Construction
- 7.3.1. Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Manufacturing
- 7.4.1. Manufacturing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Energy and Utilities
- 7.5.1. Energy and Utilities Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Transportation
- 7.6.1. Transportation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.7. Healthcare
- 7.7.1. Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.8. Telecommunications
- 7.8.1. Telecommunications Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.9. Others
- 7.9.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Regional Estimates & Trend Analysis
- 8.1. Engineering Services Market by Region, 2024 & 2030
- 8.2. North America
- 8.2.1. North America Engineering Services Market Estimates & Forecasts, 2018 - 2030, (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 8.2.3. Canada
- 8.2.3.1. Canada Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 8.3. Europe
- 8.3.1. Europe Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 8.3.2. UK
- 8.3.2.1. UK Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 8.3.3. Germany
- 8.3.3.1. Germany Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 8.3.4. France
- 8.3.4.1. France Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 8.4.2. China
- 8.4.2.1. China Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 8.4.3. Japan
- 8.4.3.1. Japan Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 8.4.4. India
- 8.4.4.1. India Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 8.4.6. Australia
- 8.4.6.1. Australia Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 8.5. Latin America
- 8.5.1. Latin America Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 8.6.2. Saudi Arabia
- 8.6.2.1. Saudi Arabia Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 8.6.3. South Africa
- 8.6.3.1. South Africa Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
- 8.6.4. UAE
- 8.6.4.1. UAE Engineering Services Market Estimates and Forecasts, 2018 - 2030 (USD million)
Chapter 9. Competitive Landscape
- 9.1. Company Categorization
- 9.2. Company Market Positioning
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles/Listing
- 9.4.1. STRABAG SE
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Strategic Initiatives
- 9.4.2. Jones Lang LaSalle Incorporated
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Strategic Initiatives
- 9.4.3. Balfour Beatty Inc.
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Strategic Initiatives
- 9.4.4. Kiewit Corporation
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Strategic Initiatives
- 9.4.5. AECOM Engineering company
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Strategic Initiatives
- 9.4.6. NV5 Global, Inc.
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Strategic Initiatives
- 9.4.7. Barton Malow
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Strategic Initiatives
- 9.4.8. Brasfield & Gorrie LLC
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Strategic Initiatives
- 9.4.9. Nearby Engineers
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Strategic Initiatives
- 9.4.10. RMF Engineering Inc.
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Strategic Initiatives
- 9.4.11. Bechtel Corporation
- 9.4.11.1. Participant's Overview
- 9.4.11.2. Financial Performance
- 9.4.11.3. Product Benchmarking
- 9.4.11.4. Strategic Initiatives
- 9.4.12. Gilbane Building Company
- 9.4.12.1. Participant's Overview
- 9.4.12.2. Financial Performance
- 9.4.12.3. Product Benchmarking
- 9.4.12.4. Strategic Initiatives
- 9.4.13. WSP Global Inc.
- 9.4.13.1. Participant's Overview
- 9.4.13.2. Financial Performance
- 9.4.13.3. Product Benchmarking
- 9.4.13.4. Strategic Initiatives
- 9.4.14. Jacobs Engineering Group
- 9.4.14.1. Participant's Overview
- 9.4.14.2. Financial Performance
- 9.4.14.3. Product Benchmarking
- 9.4.14.4. Strategic Initiatives