United States Engineering Services Market Size (2024 - 2029)

The United States engineering services market is experiencing growth driven by digitalization and government initiatives, which are significantly influencing its market size. The increasing demand for modern IT solutions, such as engineering analytics and IoT, is a key factor as businesses seek to maintain a competitive edge. Additionally, substantial government investments, like those from the Bipartisan Infrastructure Act, are expected to further enhance the market's scale by addressing infrastructure needs and promoting environmental sustainability. Despite challenges posed by the COVID-19 pandemic, the public construction sector has shown resilience, contributing to the market's expansion.

Market Size of United States Engineering Services Industry

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United States Engineering Services Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 8.75 %
Market Concentration Low

Major Players

United States Engineering Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

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US Engineering Services Market Analysis

The United States Engineering Services market is expected to register a CAGR of 8.75% during the forecast period, 2022-2027. The study captures revenues from engineering services companies based in the United States. The engineering services covered under the scope include design and management services for construction, industrial process and equipment, environment projects, construction management services, project planning, economic assessments, asset management, quality management assessment, feasibility studies, environmental impact assessment, and community consultation, among others.

  • One of the key driving factors of the market is digitalization, which has prompted businesses to demand modern IT solutions such as engineering analytics, the internet of things (IoT), and artificial intelligence (AI) to acquire a competitive advantage and sustain the company's momentum. This is due to the growing use of industrial IoT in various industry verticals, which has resulted in a surge in demand for engineering services to manage the complex connected infrastructure.
  • For instance, in May 2022, Aecom stated that its Digital AECOM's PlanEngage platform is available on the Microsoft Azure Marketplace, an online marketplace for buying and selling cloud products certified to run on Azure. Digital AECOM brings together AECOM's global digital-focused consulting services, hosted services products to help customers accelerate their digital journeys and improve project outcomes, and digital technologies to improve its core engineering and design services delivery.
  • Further, the government initiatives and significant investments are analyzed to bolster the demand for the engineering services market during the forecast period. For instance, in November 2021, The United States government passed the Bipartisan Infrastructure Act (Infrastructure Investment and Jobs Act), a significant investment in the country's infrastructure and competitiveness. This bipartisan infrastructure bill will repair America's roads, bridges, and rails, increase access to safe drinking water, ensure that every American has high-speed internet, address the climate crisis, advance environmental protection, and invest in populations that have been left behind, too often.
  • To solve maintenance and repair backlogs, reduce congestion and emissions at ports and airports, and promote electrification and other low-carbon technologies, the Act invests USD 17 billion in port infrastructure and waterways and USD 25 billion in airports.
  • During this time when the COVID-19 pandemic is various crippling industries, in the United States, public construction has been one of the few industries that have been maintained to some extent. Although activity will likely continue in the short-term, in the past, the work halted soon given various factors, including supply chains disruption, shortage of subcontractors and materials, and the termination of contracts to control expenses.

US Engineering Services Industry Segmentation

The market is structured to track the demand of engineering disciplines, including civil, mechanical, electrical, and environmental. Moreover, the study also covers the demand for engineering services across various regions, including the West, Mid-West, North-East, and South. The study captures demand for services across various industries, including construction, oil, gas, manufacturing, utilities, and transportation.

By Engineering Disciplines
Civil
Mechanical
Electrical
Environmental
By End-user Industry
Construction
Oil & Gas
Manufacturing
Utilities
Transportation
Other End-user Industries
Region
West
Mid West
North East
South
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United States Engineering Services Market Size Summary

The United States engineering services industry is poised for significant growth, driven by digitalization and increased public and private sector investments. The market encompasses a wide range of services, including design and management for construction, industrial processes, and environmental projects. The integration of advanced technologies such as IoT and AI is becoming crucial as businesses seek to enhance their competitive edge. Government initiatives, like the Bipartisan Infrastructure Act, are further propelling the demand for engineering services by investing heavily in infrastructure improvements. This act aims to address critical areas such as transportation, water supply, and environmental protection, thereby creating a robust demand for engineering expertise.

The competitive landscape of the US engineering services market is marked by the presence of major global players like AECOM, Bechtel Corporation, and Fluor Corporation. These companies are actively engaging in mergers and alliances to strengthen their market position. The sector is experiencing a surge in construction activities, supported by substantial investments in residential, commercial, and utility infrastructure projects. Despite challenges posed by the COVID-19 pandemic, public construction has remained resilient, with ongoing projects in transportation and environmental remediation. The market's growth is further supported by strategic contracts and partnerships, such as those awarded by the Texas Department of Transportation and the US Navy, which underscore the industry's critical role in national infrastructure development.

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United States Engineering Services Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Buyers/Consumers

      2. 1.2.2 Bargaining Power of Suppliers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Assessment of the Impact of COVID -19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Engineering Disciplines

      1. 2.1.1 Civil

      2. 2.1.2 Mechanical

      3. 2.1.3 Electrical

      4. 2.1.4 Environmental

    2. 2.2 By End-user Industry

      1. 2.2.1 Construction

      2. 2.2.2 Oil & Gas

      3. 2.2.3 Manufacturing

      4. 2.2.4 Utilities

      5. 2.2.5 Transportation

      6. 2.2.6 Other End-user Industries

    3. 2.3 Region

      1. 2.3.1 West

      2. 2.3.2 Mid West

      3. 2.3.3 North East

      4. 2.3.4 South

United States Engineering Services Market Size FAQs

The United States Engineering Services Market is projected to register a CAGR of 8.75% during the forecast period (2024-2029)

AECOM, Jacobs Engineering Group, Bechtel Corporation, Fluor Corporation and KBR Inc. are the major companies operating in the United States Engineering Services Market.

US Engineering Services Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)