Industry Analysis & Industry Trends
Industry revenue has rebounded over the past five years after shrinking during the three years through 2011-12. Revenue contracted during these years as depressed industrial production, constrained capital expenditure budgets and weak levels of construction activity dampened demand. However, the industry began to recover from the first year of the period as various types of infrastructure construction activity, such as electricity and telecommunication infrastructure construction, gained momentum. Business capital expenditure budgets also trended upwards, further boosting demand. Nevertheless, industrial production activity continued to remain sluggish, which curtailed growth. Pressure on public-sector spending also limited improvements in demand... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The market for consultant engineering services in the United Kingdom is clearly segmented and comprises a mix of distinct end markets such as the public and private sectors, construction and maintenance, mining and energy, manufacturing processes and transport. Engineering consulting services have come to be wholly accepted in the economy and approach market saturation due to their universal availability. As a result, the Consultant Engineering Services industry is estimated to be in the mature stage of the industry life cycle.
Industry value-added, which measures the industry's contribution to the overall economy, is anticipated to grow at a compound annual rate of 3.5% during the 10 years through 2021-22, while the UK economy is forecast to grow at a compound annual rate of 2.3% o.. purchase to read more