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Abi will answer all Engineering and Design Services related
procurement queries with relevant data points
Abi - AI powered digital procurement assistant
Discover Market Info
Get up-to-date market and supplier info on Engineering and Design Services to help you build
Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices
Manage Risk
Assess Supplier Risk based on key risk and compliance parameters
Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.
Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus
Find Suppliers
Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography
Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings
Assess Category Performance
Benchmark your category performance against peers and the market
Measure category performance on 15 key parameters across cost, risk and strategy KPIs
Source Market Indices
Get information on key factors affecting your supply
Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics
Meet Abi
Discover Market Info
Manage Risk
Find Suppliers
Assess Category Performance
Source Market Indices
Abi will answer all Engineering and Design Services related
procurement queries with relevant data points
Abi - AI powered digital procurement assistant
Get up-to-date market and supplier info on Engineering and Design Services to help you build
Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices
Assess Supplier Risk based on key risk and compliance parameters
Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.
Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus
Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography
Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings
Benchmark your category performance against peers and the market
Measure category performance on 15 key parameters across cost, risk and strategy KPIs
Get information on key factors affecting your supply
Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics
1-3 Percent
$272 Bn
$349 Bn
$689 Bn
Category Intelligence on Engineering and Design Services covers the following
The global engineering and design (ED) market is projected to grow at the CAGR of 1–3% to reach $1.50 Tn by 2023, primarily being driven by growing investment in transport, industrial, non-residential, 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 to increase foothold in a single market segment over the past decade. Larger suppliers in the market are more acquisitive and look to acquire smaller suppliers.
The engineering services market is highly fragmented across all regions, with the top 30 firms accounting for around 12–14% of the market share in 2017. Several firms are indulging in a horizontal merger in the US, given the increasing demand for a ‘one-stop-shop' for engineering design services.
Buyers from the process industry, especially biotechnology, chemical, and pharmaceutical sectors, prefer engaging with service providers who provide turnkey solutions in designing advanced technology facilities.
High engineering services market maturity regions include North America, Western Europe, and Australia. Medium engineering services market maturity regions are India, China, Brazil, Chile, and Mexico. The engineering services industry outlook shows that there are new investments for industry expansion and large infrastructure investments in countries such as India, Indonesia, and China fueling ED services’ growth. Furthermore, increased outsourcing to emerging economies benefits developed economies due to the availability of a low-cost talent pool.
Engineering Services Market Outlook
Buyers prefer engaging with integrated service providers, primarily for megaprojects, in order to reduce time in negotiations and minimal documentation. Industrial buyers with large-scale projects and multiple spending in a region can obtain cost advantages through bundling of ED services.
Engineering Design Services Market Trends
The rising collaboration between original equipment manufacturers (OEMs) and engineering service providers (ESP) will emerge as one of the key driving factors in the engineering services market.
The globalization of research and development (R&D) activities, the increasing demand for equipping product offerings with the latest technologies, and the rising need to reduce the product life cycles and curb costs will also contribute to the market growth.
Furthermore, the engineering services outsourcing (ESO) industry has been changing consistently along the lines of the strong focus of the customers on outsourcing different services as part of the rigorous efforts to reduce costs.
Drivers
Constraints
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