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Engineering Services Market Growth Strategies

The engineering services market is booming, driven by digital transformation, sustainability, and strategic industry consolidation.

Recent M&A Activity
Engineering Services

Market Analysis

The global engineering services market is experiencing robust growth, projected to increase from USD 3.41 trillion in 2024 to USD 4.72 trillion by 2030, fueled by rising investments in infrastructure, digital transformation, and industrial automation. In the United States, the sector is expanding steadily, with a current market value of USD 387.2 billion and a forecasted CAGR of 6%. Key growth drivers include technological integration, increased government spending on infrastructure, and sustainability initiatives such as clean energy. However, challenges such as labor shortages, inflation, and supply chain disruptions could temper growth in the coming years.
~
$
387.2
B

Market Value 2024 (U.S)

$
581
B

Market Value 2030 (U.S)

6.00
%

CAGR (U.S)

Key Market Drivers

Technological Integration

Governmental Infrastructure Investment

Focus on Sustainability

Market Inhibitors

Labor Shortages

Inflation

Supply Chain Disruptions

Our Insights

The engineering services sector is at a pivotal juncture, shaped by consolidation, sustainability imperatives, and rapid digital transformation. Business owners must prioritize specialization and innovation to stand out amid intense competition and evolving client demands. Demonstrating regulatory expertise and adaptability will build trust and foster differentiation. Strategic investments in workforce development, scalable technologies, and compliance systems are essential to mitigating risks from labor shortages, supply chain volatility, and regulatory shifts. Proactively targeting growth areas like renewables, digital construction, and government infrastructure projects, while navigating M&A opportunities, will position companies for sustainable expansion and resilience in this dynamic market environment.

Key Players in The Industry

Bechtel Corporation

Integrated EPC (engineering, procurement, and construction) services.

AECOM

Global infrastructure consulting firm.

Jacobs Engineering Group Inc.

Focused on high-growth end markets: Water and Environmental, Life Sciences and Advanced Manufacturing, and Critical Infrastructure.

Recent
M&A Activity

The industry shows a trend of consolidation, with larger companies acquiring smaller firms to expand their service offerings, enter new markets, and enhance their technological capabilities. Strategic rationale includes expanding into high-growth areas such as digital transformation, utility engineering, and aerospace/defense. There's also a focus on strengthening capabilities in specific geographic regions, such as Accenture's acquisition in Italy and EPAM's acquisition in Latin America.
Acquisition
June 3, 2025
Accenture acquires SIPAL's Integrated Product Support unit
Enhance engineering services for aerospace and defense industry.
Acquisition
January 30, 2025
UES acquires Marino Engineering Associates
Expand subsidence and geoforensic engineering services.
Acquisition
2025
Bowman acquires UP Engineering
Expand oil and gas footprint with civil engineering and surveying.

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