Engineering Services Market 2023: Global Industry Growth Factors, Trends, Demand Status And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Engineering Services Market Size, Growth Rate, And Forecast
The global engineering services market size will grow from $1,110.21 billion in 2022 to $1,156.5 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global engineering services market size is expected to grow to $1,316.06 billion in 2027 at a CAGR of 3.3%.

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Engineering Services Market Drivers
The engineering services market is expected to benefit from steady economic growth in developed and developing countries. The International Monetary Fund (IMF) predicts that global real GDP growth will be 3.6% from 2021 to 2023. This trend will be mainly driven by regions of Asia and Africa. According to the report, Asia will represent 66% of the global middle-class population by 2030.

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Engineering Services Market Segments
1) By Type: Civil Engineering Services, Environmental Engineering Services, Construction Engineering Services, Mechanical Engineering Services, Other Engineering Services

2) By End User: Automotive, Industrial Manufacturing, Healthcare Sector, Aerospace, Telecommunications, Information Technology, Energy & Utilities, Other End Users

3) By Engineering Disciplines: Civil, Mechanical, Electrical, Piping and Structural Engineering

4) By Delivery Model: Offshore, Onsite

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Engineering Services Market.

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Engineering Services Market Key Players
Major competitors in the Engineering Services Market include Tata Consulting Services (TCS), Infosys, WorleyParsons, Deaton Engineering, Inc., Aricent Group, Cybage Software Pvt. Ltd., EPAM Systems; Inc. and GlobalLogic

The Business Research Company's "Global Engineering Services Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Engineering Services Market Include:
1. Executive Summary
2. Engineering Services Market Characteristics
3. Engineering Services Market Trends And Strategies
4. Engineering Services Market - Macro Economic Scenario
5. Engineering Services Market Size And Growth
.......
26. Africa Engineering Services Market
27. Engineering Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Engineering Services Market
29. Engineering Services Market Future Outlook and Potential Analysis
30. Appendix

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