About Engineering Consultation
Engineering Consulting is the practice of performing engineering as a Consulting Engineer. It assists in the development of both public and private companies. This development is in various ways including Process Management, idea organization, product design, fabrication, branding, and marketing. This engineer is an expert in the planning, design, and construction of both public and private infrastructures. Consulting engineer’s expertise in many ways such as civil, structural, mechanical, electrical, chemical, industrial, and geotechnical. This engineer can design the whole project. This provides engineering services and expertise to companies in need of a specialized skill-set. Consulting professionals work with clients to identify the solution of problems or help to determine and suggest the best course of action for a given initiative. These services can save time, effort, and money for companies that do not have the knowledge or expertise for handling a specific task.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Companies in the market are concentrating on the engineering industry. Expansion and massive infrastructure investments in countries such as China, Japan, and India. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Engineering Consultation market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Jacobs (United States), URS (United States), SNC Lavalin (United States), WorleyParsons (Australia), AECOM (United States), CH2M HILL (United States), Arcadis (Netherlands), Fugro (India), Tetra Tech (United States), Stantec (Canada), MWH Global (United States) and CDM Smith (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Black and Veatch (United States), Ramboll (Europe) and Cardno (Australia).
Segmentation Overview
AMA Research has segmented the market of Global Engineering Consultation market by , Application (Private and Government) and Region.
On the basis of geography, the market of Engineering Consultation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-Use Industries , the sub-segment i.e. Automotive will boost the Engineering Consultation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Services , the sub-segment i.e. Industrial will boost the Engineering Consultation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Focused on innovative, anticipatory strategies in new management models
Market Growth Drivers:
Analyzing data and information using these powerful new tools together, Increasing demand for engineering services for IT firms and Technological innovation and development that drive long-term economic growth and help solve societal challenges
Challenges:
Challenges such as schedule, man-hours consumed, procurement, duration of site management, etc. directly hit the bottom lines. and Growing concerns over loss of business control and management of dispersed teams
Restraints:
The slowdown in supply and demand for engineering labor
Opportunities:
Increasing opportunities for the engineering sector and Increasing technologies such as drones, cloud computing, robotics, and 3D printing
Market Leaders and their expansionary development strategies
In June 2023, Egis, a global player in consulting, construction engineering and mobility services, and 40% owned by Tikehau Capital, the global alternative asset management group, entered into an agreement to acquired McIntosh Perry, a renowned North American engineering services firm headquartered in Toronto, specialising in public infrastructure, buildings and energy.
In Aug 2021: Jacobs launched Kaleidoscope, a cloud-based platform application to help clients prioritize and optimize capital expenditure budgets. This application determines cross-sectional infrastructure vulnerabilities.
Key Target Audience
Electrical Manufacturing, Manufacturing Industries, Consulting Services/ Manufacturing Services and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.