Engineering and Design Services Market Intelligence

Engineering and Design Services Market Description

The global market for engineering and design services is estimated to reach $1,209 while growing at a constant CAGR of 4 to 5 percent. The market is being primarily driven by growing investments in transport, industrial, non-residential, and commercial infrastructure sectors in the emerging economies. The majority of the firms in this industry operate in their regional markets due to their expertise in specialized engineering services and a myriad of regional regulations. The mergers and acquisitions in this sector have been driven by a trend to increase foothold in a single market segment. Consequentially, larger players are more acquisitive and look to acquire smaller players.

The new investments for industry expansion and large infrastructure investments in countries such as India, Indonesia, and China are now fuelling the growth of engineering and design services. The report also discusses the impact of Brexit on the global market for engineering and design services, followed by global market outlook in regions such as North America, LATAM, Europe, and the APAC. The report also provides an overview of the various drivers and constraints impacting the industry, followed by prominent mergers and acquisitions.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Mergers and Acquisitions
Technology Trends
Regional Market Outlook –North America, US, Canada, LATAM,Brazil,Western Europe,UK,APAC,China
Sourcing Approach Adopted by FMCG Companies

Engineering and Design Services Market Trend, Analysis & Forecast

Category Intelligence on Engineering and Design Services covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

1. Engineering and Design Services Executive Summary

1.1 Global ED Industry Outlook
1.2 Global ED Demand Trends
1.3 Brexit-Impact and Mitigating Risks

2. Engineering and Design Services Global Market Analysis

2.1 Global ED Industry Outlook
2.2 Maturity, Dynamics and Trends
2.3 Drivers and Constraints
2.4 M&A’s
2.5 Technology Trends

3. Engineering and Design Services Regional Market Analysis

3.1 North America (US, Canada)
3.2 LATAM (Brazil)
3.3 Western Europe (UK)
3.4 APAC (China)
3.5 Porter’s Five Forces Analysis

4. Engineering and Design Services Supplier Analysis

4.1 Supplier Landscape
4.2 M&As – North America
4.3 Key Global Supplier Profiling and SWOT Analysis
4.4 Key Regional Supplier Profiling
4.5 Key Global Suppliers Service Portfolios

5. Engineering and Design Services Procurement Best Practices

5.1 Decision Enablers
5.2 Peer Industry Best Practices
5.3 Key Factors for Successful Sourcing
5.4 Pricing Models
5.5 KPIs

6. Engineering and Design Services End–user Industry Update

6.1 FMCG Global Construction Industry Outlook
6.2 Sourcing Approach adopted by FMCG companies
6.3 Case Studies
6.4 Global Mining Construction Industry Outlook
6.5 Market Analysis (Australia & South Africa)
6.6 Global Mining Construction Industry – Sourcing Trends
6.7 Case Studies

Global Engineering and Design Industry Outlook

The ED market is forecasted to grow at a CAGR of 4–5 percent to reach $1,209 billion by 2020, primarily being driven by growing investment in transport, industrial, and commercial infrastructure sectors in the emerging economies
The majority of the firms in this industry operate in their national/regional markets due to: − Expertise in specialized engineering services
− Myriad regional regulations
A trend of mergers and alliances of various global engineering firms has been seen over the past decade to increase foothold in a single market segment.Larger players in the market are more acquisitive and look to acquire smaller players

engineering-and-design-global-market-size

The industry is highly fragmented across all regions, with the top 30 firms accounting for around 12–14 percent of the market share in 2017. In the US, several firms are indulging in horizontal merger, due to the increasing demand for a ‘one-stop-shop’ for ED solutions
Buyers from the process industry, especially biotechnology, chemical, and pharmaceuticals sectors, prefer engaging with service providers, who provide turnkey solutions in designing advanced technology facilities

Market Outlook

The global ED industry is projected to grow at a CAGR of 4–5 percent from 2018 to 2020. The demand for ED services is driven by infrastructure, residential and industrial sectors, seeking for process efficiency in the construction phase
APAC has become an increasingly favourable destination for outsourcing ED services among players in the EU and the US, citing a low-cost talent poolL
Large construction firms, especially with revenue more than $1 billion, increase their acquisition activities as a part of their strategy, in order to integrate design and construction together
Global players are expanding their regional presence in especially in APAC with M&As. E.g., Tetra Tech’s acquisition of Coffey and Aurecon’s merger with AUP

Drivers and Constraints

Drivers

Modular design: Buyers in mature markets demand quicker and less expensive construction, which in turn, stresses the need for modular designs
Industry consolidation/M&A:The demand for intelligent design, and to solve complex construction, has resulted in the expansion of service portfolios by strategic M&As
Sustainable design: Sustainable design is of high demand in the market, currently, leading to the rise of niche segments, such as lighting and energy design
Urbanization: With levels of urbanization to reach 50 percent in APAC and Africa, by 2020 and 2035, respectively, there will be increased consumption of products and services, encouraging various industries to develop their facilities and offices in these economies
Project Design Time: Increased design complexity and fast-paced projects lead to delays and cost escalations, thus encouraging the use of design tools and techniques

Constraints

Project funding: Investment in infrastructure projects remains slow, due to political deadlocks, biased politics, and corruption, thereby delaying the projects as a whole
Recruiting and retaining staff: Skilled workers have left the industry, due to economic downturn. There is an insufficient number of skilled younger workers
Technology adoption: Poor adoption of BIM/VDC by suppliers and buyers has led to delays in advantageous time and cost estimation methods
Project execution: In case of ED firm + GC, the GC may face difficulties in taking cost and time advantages in the construction phase

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