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Engineering Services in China Industry Data and Analysis
China's steady economic growth created a major market for engineering services in recent decades. Meanwhile, government reforms promoted the commercialization of related technology. In 2024, revenue for the Engineering Services industry is estimated to total $1,259.1 billion, up 8.1% from 2023. In 2024, profit will total 25.2% of industry revenue. Revenue growth is expected to slow compared with previous years due to slower growth in building and civil engineering construction output value over the year. Industry revenue has increased at an annualized rate of 7.2% over the five years through 2024.China's construction and civil engineering industries grew consistently over the past several years. Infrastructure investment is a key element of China's 14th Five-Year Plan (2021-2025), which focuses on roads, rail systems, bridges, ports and airports. This led to an increasing number of domestic and foreign engineering services firms entering the industry. The exchange of design concepts, project management experience and construction techniques has been of significant value to engineering services firms.In addition, China's entry to the World Trade Organization (WTO) stimulated demand for engineering services in projects like hotels, high-rise buildings and housing. Engineering design and consulting services are also used in metallurgical industries, architecture, municipal engineering projects, roads, railways, bridges, electrical power, telecommunications, machinery manufacturing and environmental protection.In the next five years, industry revenue is forecast to increase at an annualized 5.0% to reach $1,606.3 billion in 2029. In the outlook period, there will be higher requirements and greater investment in new urbanization, regional economic integration, regional coordinated development, environmental protection, social development, and technological innovation, which is expected to provide huge development opportunities for the industry. Over the period, engineering services are forecast to be in demand in high, middle and low-end markets. The high-end market includes large-scale, sophisticated infrastructure projects and will likely be dominated by international engineering services firms and large state-owned companies. Domestic private engineering firms will likely be the key players in the middle- and low-markets.
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What's included in this industry analysis
IBISWorld's research coverage on the Engineering Services industry in China includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released November 2024.
About this industry
What's this industry report about?
The Engineering Services industry in China operates under the industry code 7671. The Engineering Services industry provides engineering services and management for building and civil engineering construction works of all kinds, pre-construction engineering and computer-aided design (CAD) services, and project planning management. Firms in this industry have technical capabilities and professional qualifications in overall project contracting, construction supervision and consulting. Related terms covered in the Engineering Services industry in China include engineering services, project planning and environmental project management.
What's included in this industry?
Products and services covered in Engineering Services industry in China include Engineering and CAD services, Project planning management and Engineering services and management.
What companies are included in this industry?
Companies covered in the Engineering Services industry in China include China Energy Engineering Corporation Limited, China Railway Construction Corporation Limited and China Railway Group Limited.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Engineering Services industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Engineering Services industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Engineering Services industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Engineering Services industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Engineering Services industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Engineering Services industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Engineering Services industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Engineering Services industry in China.
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Frequently Asked Questions
What is the market size of the Engineering Services industry in China in 2026?
The market size of the Engineering Services industry in China is $1.3tr in 2026.
How many businesses are there in the Engineering Services industry in China in 2024?
There are 498k businesses in the Engineering Services industry in China, which has grown at a CAGR of 0.4 % between 2019 and 2024.
How may import tariffs affect the Engineering Services industry in China?
The Engineering Services industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Engineering Services industry in China?
The Engineering Services industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Engineering Services industry in China grown or declined over the past 5 years?
The market size of the Engineering Services industry in China has been growing at a CAGR of 7.2 % between 2019 and 2024.
What is the forecast growth of the Engineering Services industry in China over the next 5 years?
Over the next five years, the Engineering Services industry in China is expected to grow.
What are the biggest companies in the Engineering Services industry in China?
The biggest companies operating in the Engineering Services industry in China are China Energy Engineering Corporation Limited, China Railway Construction Corporation Limited and China Railway Group Limited
What does the Engineering Services industry in China include?
Engineering and CAD services and Project planning management are part of the Engineering Services industry in China.
Which companies have the highest market share in the Engineering Services industry in China?
The company holding the most market share in the Engineering Services industry in China is China Energy Engineering Corporation Limited.
How competitive is the Engineering Services industry in China?
The level of competition is high and increasing in the Engineering Services industry in China.
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