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Engineering Services Market 2021-2025 | Deploying Engineering Services reducing Overhead Cost to Boost Growth | Technavio

NEW YORK, May 20, 2022 /PRNewswire/ -- The Engineering Services Market size is expected to grow by USD 910.35 billion at a CAGR of 10.15% during the forecast period, according to Technavio. The report offers an up-to-date analysis and to know the exact growth variance and the Y-O-Y growth rate Request sample report.

Technavio has announced its latest market research report titled Engineering Services Market by End-user and Geography - Forecast and Analysis 2021-2025

Deploying engineering services reduces overhead costs, rising industrial automation, and delegation of ancillary tasks to focus on core competencies will offer immense growth opportunities. However, shortage of expertise and skilled labor, regulatory influence, and lack of end-to-end quality and process control will challenge the growth of the market participants.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Engineering Services Market 2021-2025: Segmentation

  • End User
    • Automotive
    • Healthcare
    • Telecommunication
    • Others
  • Geographic
    • North America
    • Europe
    • APAC
    • South America
    • MEA

Learn more about the additional trends impacting the future of the market and the positive and negative consequences on the businesses., Download Sample Report.

Engineering Services Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our engineering services market report covers the following areas:

  • Engineering Services Market size
  • Engineering Services Market trends
  • Engineering Services Market industry analysis

This study identifies the proliferation of advanced technologies as one of the prime reasons driving the engineering services market growth during the next few years.

Engineering Services Market 2021-2025: Vendor Analysis
The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • AECOM
  • AKKA Technologies SE
  • Altran Technologies
  • Arcadis NV
  • Babcock International Group Plc
  • Bechtel Corp.
  • Fluor Corp.
  • Infosys Ltd.
  • Jacobs Engineering Group Inc.
  • Tata Consultancy Services Ltd.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read our Sample Report.

Geographical Market Analysis 
APAC will account for 34% of the market's growth. In APAC, China and Japan are the most important markets for engineering services. The market in this region will expand quicker than the market in other regions.

Over the projection period, the engineering services market in APAC would benefit from rising economic activity in emerging markets and increasing urbanization.

Furthermore, countries such as the US, China, Germany, the UK, and Japan are expected to emerge as prominent markets for the engineering services market during the forecast period. 

Know more about this market's geographical distribution along with a detailed analysis of the top regions. Download Detailed Sample Report. 

Engineering Services Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist engineering services market growth during the next five years
  • Estimation of the engineering services market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the engineering services market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of engineering services market vendors

Do reach out to our analysts for more customized reports as per your requirements. Speak to our Analyst now! 

Related Reports:

Construction Market in Spain by Application and Type - Forecast and Analysis 2022-2026

Infrastructure Market in Italy by Revenue Stream and Application - Forecast and Analysis 2022-2026

Engineering Services Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10.15%

Market growth 2021-2025

$ 910.35 billion

Market structure

Fragmented

YoY growth (%)

3.45

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

APAC at 34%

Key consumer countries

US, China, Germany, UK, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AECOM, AKKA Technologies SE, Altran Technologies, Arcadis NV, Babcock International Group Plc, Bechtel Corp., Fluor Corp., Infosys Ltd., Jacobs Engineering Group Inc., and Tata Consultancy Services Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents :

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
  • 2.2 Market characteristics
    • Exhibit 02: Market characteristics
  • 2.3 Value chain analysis
    • Exhibit 03: Value chain analysis: Construction and engineering market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
    • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces analysis
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by End-user

  • 5.1 Market segments
  • 5.2 Comparison by End-user
  • 5.3 Automotive - Market size and forecast 2020-2025
    • Exhibit 17: Automotive - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 18: Automotive - Year-over-year growth 2020-2025 (%)
  • 5.4 Healthcare - Market size and forecast 2020-2025
    • Exhibit 19: Healthcare - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 20: Healthcare - Year-over-year growth 2020-2025 (%)
  • 5.5 Telecommunication - Market size and forecast 2020-2025
    • Exhibit 21: Telecommunication - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 22: Telecommunication - Year-over-year growth 2020-2025 (%)
  • 5.6 Others - Market size and forecast 2020-2025
    • Exhibit 23: Others - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
  • 5.7 Market opportunity by End-user
    • Exhibit 25: Market opportunity by End-user

6 Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 27: Market share by geography 2020-2025 (%)
  • 7.2 Geographic comparison
    • Exhibit 28: Geographic comparison
  • 7.3 North America - Market size and forecast 2020-2025
    • Exhibit 29: North America - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
  • 7.4 Europe - Market size and forecast 2020-2025
    • Exhibit 31: Europe - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
  • 7.5 APAC - Market size and forecast 2020-2025
    • Exhibit 33: APAC - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 34: APAC - Year-over-year growth 2020-2025 (%)
  • 7.6 South America - Market size and forecast 2020-2025
    • Exhibit 35: South America - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
  • 7.7 MEA - Market size and forecast 2020-2025
    • Exhibit 37: MEA - Market size and forecast 2020-2025 ($ billion)
    • Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
  • 7.8 Key leading countries
    • Exhibit 39: Key leading countries
  • 7.9 Market opportunity by geography
    • Exhibit 40: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers – Demand led growth
  • 8.2 Market challenges
    • Exhibit 41: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Competitive scenario
  • 9.2 Vendor landscape
    • Exhibit 42: Vendor landscape
  • 9.3 Landscape disruption
    • Exhibit 43: Landscape disruption
  • 9.4 Industry risks
    • Exhibit 44: Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 45: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 46: Market positioning of vendors
  • 10.3 AECOM
    • Exhibit 47: AECOM - Overview
    • Exhibit 48: AECOM - Business segments
    • Exhibit 49:AECOM - Key news
    • Exhibit 50: AECOM - Key offerings
    • Exhibit 51: AECOM - Segment focus
  • 10.4 AKKA Technologies SE
    • Exhibit 52: AKKA Technologies SE - Overview
    • Exhibit 53: AKKA Technologies SE - Business segments
    • Exhibit 54: AKKA Technologies SE - Key offerings
    • Exhibit 55: AKKA Technologies SE - Segment focus
  • 10.5 Altran Technologies
    • Exhibit 56: Altran Technologies - Overview
    • Exhibit 57: Altran Technologies - Business segments
    • Exhibit 58:Altran Technologies - Key news
    • Exhibit 59: Altran Technologies - Key offerings
    • Exhibit 60: Altran Technologies - Segment focus
  • 10.6 Arcadis NV
    • Exhibit 61: Arcadis NV - Overview
    • Exhibit 62: Arcadis NV - Business segments
    • Exhibit 63:Arcadis NV- Key news
    • Exhibit 64: Arcadis NV - Key offerings
    • Exhibit 65: Arcadis NV - Segment focus
  • 10.7 Babcock International Group Plc
    • Exhibit 66: Babcock International Group Plc - Overview
    • Exhibit 67: Babcock International Group Plc - Business segments
    • Exhibit 68:Babcock International Group PLC- Key news
    • Exhibit 69: Babcock International Group Plc - Key offerings
    • Exhibit 70: Babcock International Group Plc - Segment focus
  • 10.8 Bechtel Corp.
    • Exhibit 71: Bechtel Corp. - Overview
    • Exhibit 72: Bechtel Corp. - Product and service
    • Exhibit 73:Bechtel Corp.- Key news
    • Exhibit 74: Bechtel Corp. - Key offerings
  • 10.9 Fluor Corp.
    • Exhibit 75: Fluor Corp. - Overview
    • Exhibit 76: Fluor Corp. - Business segments
    • Exhibit 77:Fluor Corp. - Key news
    • Exhibit 78: Fluor Corp. - Key offerings
    • Exhibit 79: Fluor Corp. - Segment focus
  • 10.10 Infosys Ltd.
    • Exhibit 80: Infosys Ltd. - Overview
    • Exhibit 81: Infosys Ltd. - Business segments
    • Exhibit 82:Infosys Ltd. - Key news
    • Exhibit 83: Infosys Ltd. - Key offerings
    • Exhibit 84: Infosys Ltd. - Segment focus
  • 10.11 Jacobs Engineering Group Inc.
    • Exhibit 85: Jacobs Engineering Group Inc. - Overview
    • Exhibit 86: Jacobs Engineering Group Inc. - Business segments
    • Exhibit 87:Jacobs Engineering Group Inc. - Key news
    • Exhibit 88: Jacobs Engineering Group Inc. - Key offerings
    • Exhibit 89: Jacobs Engineering Group Inc. - Segment focus
  • 10.12 Tata Consultancy Services Ltd.
    • Exhibit 90: Tata Consultancy Services Ltd. - Overview
    • Exhibit 91: Tata Consultancy Services Ltd. - Business segments
    • Exhibit 92:Tata Consultancy Services Ltd.- Key news
    • Exhibit 93: Tata Consultancy Services Ltd. - Key offerings
    • Exhibit 94: Tata Consultancy Services Ltd. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Currency conversion rates for US$
    • Exhibit 95: Currency conversion rates for US$
  • 11.3 Research methodology
    • Exhibit 96: Research Methodology
    • Exhibit 97: Validation techniques employed for market sizing
    • Exhibit 98: Information sources
  • 11.4 List of abbreviations
    • Exhibit 99: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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