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Engineering Services Industry: Statistics, Market Size, Forecast

Engineering Services - Market Size and Industry Forecast

The 2021 Engineering Services Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2016 to 2026 reflect industry trends and growth patterns. Revenues include both public and private companies in the engineering services industry.

HistoricalForecasted
20162017201820192020202120222023202420252026
Market Size (Total Revenue)

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Revenue Forecast
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022


Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Engineering Services - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Engineering Services companies in the United States.

Engineering Services Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesEngineering Services
Small Business (< 5 Employees)

Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Engineering Services - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue

Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit


Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Engineering Services - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios

Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Engineering Services - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total

Engineering services for industrial & mfg plant & process projects
Engineering services for all other projects
Eng services for commercial, public, & institutional building project
Engineering services for power generation & distribution projects
Engineering services for transportation projects
Eng services for new commercial, public, & institutional bldg project
Engineering services for highway & roadway projects
Eng services for petroleum & petrochemical plant & process proj
Engineering services for residential building projects

Engineering Services - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations10%

Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations7%
Business Operations Specialists5%
Computer and Mathematical Occupations7%
Computer Occupations7%
Architecture and Engineering Occupations52%
Engineers34%
Civil Engineers16%
Civil Engineers16%
Electrical and Electronics Engineers5%
Mechanical Engineers6%
Mechanical Engineers6%
Drafters, Engineering Technicians, and Mapping Technicians15%
Drafters6%
Engineering Technicians, Except Drafters7%
Office and Administrative Support Occupations10%

Government Contracts

In the past, the federal government spent an annual total of $30,138,001,627 on the engineering services industry. It has awarded 73,936 contracts to 4,101 companies, with an average value of $7,348,940 per company.

Engineering Services and Adjacent Industries - Top Companies

CompanyAddressRevenue
($ Millions)





Engineering Services Industry Report
GeographyUnited States  
Publication DateOctober 2021
Report FormatPDF Download  
Price

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