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Engineering Services Market Trends, Opportunities and Strategies, 2019-2024, 2029F, 2034F: Market Remains Highly Fragmented, Led by AECOM and McDermott
GlobeNewswire News Room· 2025-06-17 13:34
Core Insights - The global engineering services market is projected to grow from nearly $1.1 trillion in 2024 to $1.55 trillion by 2034, with a compound annual growth rate (CAGR) of 3.41% from 2029 to 2034 [2][16]. Market Overview - The engineering services market reached a value of approximately $1.1 trillion in 2024, growing at a CAGR of 3.48% since 2019 [2]. - The market is expected to grow to $1.31 trillion by 2029, reflecting a growth rate of 3.53% [2]. Historical Growth Factors - Growth during the historic period (2019-2024) was driven by rising infrastructure development projects, increased adoption of artificial intelligence, demand for industrial robots, and rapid industrialization [3]. - Negative factors included quality control issues and safety concerns within engineering firms [3]. Future Growth Drivers - Future growth will be propelled by the expansion of the renewable energy sector, investments in smart cities, demand for IoT solutions in smart manufacturing, and sustainable engineering solutions [4]. - Potential hindrances include high liability risks and infrastructure funding gaps [4]. Regional Insights - North America was the largest region in the engineering services market in 2024, accounting for 33.23% or $366.89 billion [5]. - The fastest-growing regions are expected to be the Middle East and Africa, with CAGRs of 9.63% and 6.50% respectively [5]. Market Fragmentation - The engineering services market is highly fragmented, with the top 10 competitors holding only 3.56% of the total market share in 2023 [6]. - AECOM is the largest competitor with a market share of 0.67% [6]. Market Segmentation - By type, civil engineering services accounted for 50.69% or $559.61 billion of the market in 2024, while the other engineering services segment is expected to grow at a CAGR of 4.88% from 2024 to 2029 [7]. - By deployment mode, the offshore segment was the largest, accounting for 57.99% or $640.17 billion in 2024, and is projected to grow at a CAGR of 3.74% [8]. - By end-user, transportation infrastructure was the largest segment, accounting for 19.02% or $210.03 billion, with telecommunications expected to grow at a CAGR of 4.65% [9]. Opportunities - The civil engineering services segment is expected to gain $81.48 billion in global annual sales by 2029 [10]. - The offshore segment is projected to gain $129.08 billion in global annual sales by 2029 [10]. - The transportation infrastructure segment is expected to gain $44.75 billion in global annual sales by 2029, with the USA projected to gain the most at $26.64 billion [10]. Strategic Recommendations - Companies are advised to adopt generative AI to enhance engineering efficiency and build interoperable portfolios for better integration [12]. - Strategic partnerships and investments are recommended to drive innovation and market expansion [12].
Extension of the powers of the Member of the Supervisory Board of a group’s subsidiary (AS Merko Ehitus Eesti)
Globenewswire· 2025-05-09 13:15
According to a decision of the Management Board of AS Merko Ehitus from 9 May 2025, the powers of the Member of the Supervisory Board of AS Merko Ehitus Eesti, Mr. Martin Rebane, have been extended until 10 May 2028. The Supervisory Board of AS Merko Ehitus Eesti will continue with four members: Mr. Ivo Volkov (the Chairman), Mr. Tõnu Toomik, Mr. Urmas Somelar and Mr. Martin Rebane. AS Merko Ehitus Eesti (merko.ee) is a recognised Estonian construction company, which offers construction services in general ...
ST柯利达(603828) - 柯利达2025年第一季度主要经营数据公告
2025-04-30 07:21
证券代码:603828 证券简称:ST 柯利达 公告编号:2025-022 单位:个、人民币亿元、% | 业务名称 | 2025 | 年第一季度 | | 本年累计签 | 本年累计签订 | | --- | --- | --- | --- | --- | --- | | | 新签项目 | 新签项目合 | 同比增减 | 订项目数量 | 项目合同额 | | | 数量 | 同额 | | | | | 公共建筑装饰 工程 | 8 | 2.41 | 67.36 | 8 | 2.41 | | 建筑幕墙工程 | 3 | 1.41 | -88.83 | 3 | 1.41 | | 设计业务 | 17 | 0.07 | -89.06 | 17 | 0.07 | | 装配式装修 业务 | 0 | 0.00 | -100.00 | 0 | 0.00 | | 土建业务 | 0 | 0.00 | - | 0 | 0.00 | | 合计 | 28 | 3.89 | -74.12 | 28 | 3.89 | 注:上述经营指标和数据为初步统计数据,与定期报告披露的数据可能存在差异,仅供参考。 本公告之经营数据未经审计,敬请投资者审慎使用该等数据并注 ...
ST柯利达(603828) - 柯利达2024年第四季度主要经营数据公告
2025-04-30 07:19
证券代码:603828 证券简称:ST 柯利达 公告编号:2025-021 苏州柯利达装饰股份有限公司 2024 年第四季度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏,并对其内容的真实性、准确性和完整性承担法律责任。 苏州柯利达装饰股份有限公司2024年第四季度主要经营情况如下,供投资者 参阅。 单位:个、人民币亿元、% | 业务名称 | 2024 | 年第四季度 | | 本年累计签 | 本年累计签订 | | --- | --- | --- | --- | --- | --- | | | 新签项目 | 新签项目合 | 同比增减 | 订项目数量 | 项目合同额 | | | 数量 | 同额 | | | | | 公共建筑装饰 工程 | 8 | 0.51 | -76.39 | 17 | 3.32 | | 建筑幕墙工程 | 5 | 2.14 | -38.86 | 25 | 17.72 | | 设计业务 | 22 | 0.04 | -42.86 | 87 | 0.76 | | 装配式装修 业务 | 1 | 0.02 | — | 2 | 0.35 | | 土建业务 | ...