Engineering Services in Canada Industry Market Research Report Now Available from IBISWorld

Over the past five years, the industry has been successful despite difficult economic conditions; furthermore, industry operators will likely continue to benefit from strong investment in nonresidential construction during the next five years. For these reasons, industry research firm IBISWorld has added a report on the Engineering Services in Canada industry to its growing industry report collection.

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Engineers will benefit from rising private investment in nonresidential construction.

New York, NY (PRWEB) March 24, 2014

Engineering services extend across a wide range of downstream businesses, with the industry serving the construction, oil and gas, mining and power markets. Over the past five years, the industry has been successful despite difficult economic conditions. Recessionary conditions in 2009 caused the industry to contract; however, operators were quick to recover as the value of private nonresidential construction picked up due to rising commodity prices, which precipitated new heavy facility construction. Additionally, energy and mining clients have increasingly requested industry services to expand operations or improve efficiency to meet renewed demand. As a result, industry revenue is projected to grow at an average annual rate of 4.4% to $29.5 billion over the five years to 2014, including growth of 3.2% in 2014 alone.

The industry has experienced a period of consolidation during the past five years as large companies pursued acquisitions. Large-scale operators have taken advantage of generally poor economic conditions to purchase small, niche competitors. For example, SNC-Lavalin, the industry's largest operators, acquired six Canadian companies in 2011 alone. Industry consolidation, combined with rising revenue and improved efficiency, has resulted in a recent resurgence in profit margins.

Industry operators will likely continue to benefit from strong investment in nonresidential construction during the next five years. The value of nonresidential construction is projected to increase at an annualized rate of 3.4% through 2019. Although federal funding for infrastructure is projected to decline, private investment should improve along with the broader economy. Furthermore, demand from power generation companies should remain strong, as Canada has targeted renewable energy sources to account for 90.0% of total energy by 2020. As a result, industry revenue is anticipated to rise during the five years to 2019.

For more information, visit IBISWorld’s Engineering Services in Canada industry report page.

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IBISWorld industry Report Key Topics

Establishments in the Engineering Services in Canada industry apply the physical laws and principles of engineering in the design, development and use of machines, materials, instruments, structures, processes and systems. Industry services involve providing advice; preparing plans, designs and feasibility studies; providing technical services during the construction or installation phase; inspecting and evaluating engineering projects; and other related services.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.


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    IBISWorld
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