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Engineering and Design Services
Market, Supplier, Risk and
Competitive Intelligence

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Abi will answer all Engineering and Design Services related
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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

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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

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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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

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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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

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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

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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

1

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

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

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-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

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

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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

 

Market Size

CAGR

1-3 Percent

Market Size North America

$272 Bn

Market Size Europe

$349 Bn

Market Size Asia Pacific

$689 Bn

Table of Contents

  1. Engineering and Design Services Executive Summary
  2. Global ED Industry Outlook
  3. Global ED Demand Trends
  4. Covid Virus Impact analysis
  1. Engineering and Design Services Global Market Analysis
  2. Global ED Industry Outlook
  3. Maturity, Dynamics and Trends
  4. Drivers and Constraints
  5. M&A's
  6. Technology Trends
  1. Engineering and Design Services Regional Market Analysis
  2. North America (US, Canada)
  3. LATAM (Brazil)
  4. Western Europe (UK)
  5. APAC (China)
  6. Porter's Five Forces Analysis

 

  1. Procurement Best Practices
  2. Decision Enablers
  3. Peer Industry Best Practices
  4. Key Factors for Successful Sourcing
  5. Pricing Models
  6. KPIs

 

  1. End-user Industry Update
  2. FMCG Global Construction Industry Outlook
  3. Sourcing Approach adopted by FMCG companies, Case Studies
  4. Global Mining Construction Industry Outlook, Market Analysis (South Africa)
  5. Global Mining Construction Industry – Sourcing Trends, Case Studies

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Engineering Services Industry Outlook & Drivers - Global Market Outlook

  • The global engineering and design market is projected to grow at the CAGR of 1–3 percent to reach $1.50 trillion 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 over the past decade to increase foothold in a single market segment. Larger suppliers in the market are more acquisitive and look to acquire smaller suppliers

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.

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 are fueling the growth of ED services. The engineering services market analysis shows that increased outsourcing to emerging economies benefit developed economies, due to the availability of low- cost talent pool.

Engineering Services Market Outlook 

  • The global ED industry is projected to grow at a CAGR of 4–5 percent by 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 pool.
  • 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

Engagement 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.

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.

Market Overview

The engineering industry analysis shows that the KPIs are Predictability of Design, Schedule Variance, Predictability of Design Cost, Committed Cost and Unapproved
Change Orders. The major technology-related engineering industry trends include 3D Laser Scanning, BIM 4D/5D, Augmented Reality, Reprographics, 3D Printing and Construction Robotics. Supplier availability and supplier market maturity are the key factors that influence decision making. In markets where the supplier maturity is high, project owner can transfer the risk to the contractor, based on past experience and capabilities with confidence.

Why You Should Buy This Report

  • The report does a detailed analysis of the engineering services market to give the regional market outlook and drivers and constraints for the South America, LATAM, Europe and China markets.
  • Porter’s five force analysis of emerging and developed markets.
  • Supplier profile and SWOT analysis of major players in the global and regional engineering services market such as Fluor Corporation, Hatch Group, Bechtel Corporation, etc.
  • The report does an engineering industry analysis that gives insight on how to market engineering services, top engineering industry trends, best procurement practices, KPIs, end-use industry outlook, etc.

Engineering and Design Services Market Frequently Asked Questions

  1. What is the expected market growth for the engineering and design services market?
  2. The engineering services market size is forecasted to grow at a CAGR of 4–5 percent to reach $1,209 billion by 2020. The global engineering services market is driven by growing investment in transport, industrial, and commercial infrastructure sectors in the emerging economies.

 

  1. What are the major market regions for the engineering and design services industry?
  2. Owing to the low-cost talent pool in the APAC region as compared to the players in the EU and US markets, this region has become a favorable destination for the engineering services outsourcing industry. Furthermore, global players are also looking forward to increasing their regional presence in the APAC region through mergers and acquisitions, like the acquisition of Coffey by Tetra Tech and Aurecon’s merger with AUP.

 

  1. What are the factors driving the growth of the ED services market?
  2. The factors driving the ED services market growth are the need for quicker and less expensive modular designs, industry consolidation/ strategic M&As, sustainable design leading to the rise of niche segments, increasing urbanization, and the use of design tools and techniques to avoid project delays and cost escalations.

 

  1. What are the growth constraints for the ED services market?
  2. The constraints that the ED services market is facing are a slow investment in projects due to political deadlocks and corruption, poor technology adoption, project execution.

 

  1. What are the technology-related engineering industry trends?
  2. The major technology-related engineering industry trends include 3D Laser Scanning, BIM 4D/5D, Augmented Reality, Reprographics, 3D Printing, and Construction Robotics.

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