Global Engineering Services Market Size & Outlook
Global engineering services market, 2017-2030 (US$M)
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Global engineering services market highlights
- The global engineering services market generated a revenue of USD 3,263,124.1 million in 2023 and is expected to reach USD 4,714,260.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.4% by 2030.
- In terms of segment, consulting accounted for a revenue of USD 639,276.6 million in 2023.
- Specialized Engineering Services is the most lucrative engineering services type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 3,263,124.1 million |
| Market revenue in 2030 | USD 4,714,260.1 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Consulting |
| Fastest growing segment | Specialized Engineering Services |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Design and Development, Consulting, Construction and Project Management, Maintenance and Support, Specialized Engineering Services, Technology Integration |
Other key industry trends
- In terms of revenue, the North America accounted for 18.1% of the global engineering services market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 225,935.7 million by 2030.
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Engineering Services Market Scope
Engineering Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global engineering services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to engineering services market will help companies and investors design strategic landscapes.
Consulting was the largest segment with a revenue share of 19.59% in 2023. Horizon Databook has segmented the Global engineering services market based on design and development, consulting, construction and project management, maintenance and support, specialized engineering services, technology integration covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Engineering Services Engineering Services Type Outlook (Revenue, USD Million, 2017-2030)
- Design and Development
- Consulting
- Construction and Project Management
- Maintenance and Support
- Specialized Engineering Services
- Technology Integration
- Global Engineering Services Engineering Discipline Outlook (Revenue, USD Million, 2017-2030)
- Civil Engineering
- Mechanical Engineering
- Electrical Engineering
- Piping and Structural Engineering
- Global Engineering Services Application Outlook (Revenue, USD Million, 2017-2030)
- Infrastructure Development
- Industrial Projects
- Technology Implementation
- Environmental Projects
- Others
- Global Engineering Services End Use Outlook (Revenue, USD Million, 2017-2030)
- Construction
- Manufacturing
- Energy and Utilities
- Transportation
- Healthcare
- Telecommunications
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global engineering services market , including forecasts for subscribers. This global databook contains high-level insights into Global engineering services market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global engineering services market size, by regions, 2017-2030 (US$M)
Top 10 countries: Engineering services market size, 2023 (US$M)
Global engineering services market share, by engineering services type, 2023 & 2030 (%, US$M)
Engineering services market: Opportunity assessment by country
Global engineering services market, by region, 2023 (US$M)
| Engineering Servic... | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 468,662.2 | 483,736.8 | 501,063.4 | 518,853.6 | 540,132.7 | 563,710.1 | 589,672.2 | 618,070.9 | 649,199.7 | 683,457.5 | 721,372.1 | 763,787.6 | 810,908.7 | 863,902.4 | 5.6% |
| Europe | 591,330.9 | 605,356.1 | 621,907.5 | 638,718.1 | 659,471.7 | 682,625.9 | 708,221.2 | 736,254.2 | 767,006.6 | 800,872.9 | 838,383.4 | 880,414.5 | 927,081.3 | 979,584.3 | 4.7% |
| Asia Pacific | 912,510.6 | 947,501.4 | 987,316.2 | 1,028,492.6 | 1,077,084.2 | 1,130,831.3 | 1,189,996.0 | 1,254,775.2 | 1,325,863.4 | 1,404,186.5 | 1,490,958.0 | 1,588,076.7 | 1,696,147.7 | 1,817,812.9 | 6.2% |
| Latin America | 254,142.2 | 257,758.9 | 262,352.3 | 266,946.8 | 273,066.3 | 280,034.2 | 287,841.7 | 296,462.0 | 305,982.6 | 316,532.0 | 328,286.6 | 341,549.9 | 356,320.8 | 373,011.0 | 3.8% |
| MEA | 398,111.6 | 409,422.2 | 422,390.5 | 435,478.9 | 451,195.5 | 468,492.3 | 487,393.0 | 507,887.2 | 530,157.5 | 554,461.4 | 581,147.5 | 610,799.8 | 643,468.6 | 679,949.6 | 4.9% |
| Overall | 2,624,757.5 | 2,703,775.3 | 2,795,029.9 | 2,888,489.9 | 3,000,950.4 | 3,125,693.8 | 3,263,124.1 | 3,413,449.5 | 3,578,209.8 | 3,759,510.3 | 3,960,147.7 | 4,184,628.3 | 4,433,927.2 | 4,714,260.1 | 5.4% |
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