Heavy Industry
Engineering Services - 2023 U.S. Market Research Report with Updated COVID-19 & Recession Risk Forecasts
Engineering Services - 2023 U.S. Market Research Report with Updated COVID-19 & Recession Risk Forecasts
Engineering Services - 2023 U.S. Market Research Report with Updated COVID-19 & Recession Risk Forecasts
The 78-page 2023 Engineering Services Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100+ data sets covering 2014-2027.
This Kentley Insights report is full of industry insights including historical and forecasted market size, revenue and industry breakdowns by product lines, size of company, concentration segmentation, business structure, customer type, state and MSA, profitability, financial ratios, balance sheet benchmarks, BCG matrix, extensive statistics by state and MSA, operating expense details, workforce composition, industry consolidation analysis, sector benchmarks, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on numerous industry statistics including companies, locations, employees, pay, and much more.
The Engineering Services industry includes companies primarily engaged in applying physical laws and principles of engineering in the design, development, and utilization of machines, materials, instruments, structures, processes, and systems. The assignments undertaken by these companies may involve any of the following activities: provision of advice, preparation of feasibility studies, preparation of preliminary and final plans and designs, provision of technical services during the construction or installation phase, inspection and evaluation of engineering projects, and related services.
This report was developed utilizing the results from extensive business surveys and econometrics. Professionals utilize this report for market sizing, industry analysis, benchmarking, forecasting, strategic planning, market analysis, due diligence, valuation, sales & marketing strategy, operational streamlining, organizational strategy, evaluating opportunities, and many other analyses.
Review the 78-page table of contents or download a sample report to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
Below are a few of the hundreds of stats from the report:
INDUSTRY SIZE
In 2022, industry sales were $325.9 billion
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INDUSTRY GROWTH
Over the past 3 years, the industry has grown at an annual rate of 7.8%
The report has historical, annual and forecasted growth rates
COMPANY GROWTH
There are 46,005 companies in the industry
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SALES PER COMPANY
In 2022, the average sales per company was $7.1 million
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INFLATION & PRICING
2021 inflation was 2.6%
The report has historicals (2014-2022), 4 years of monthly figures, and 2023 & 5-year forecast
PROFITABILITY
For unprofitable companies, the average net loss is -10.3%
The report has more on market and profitability dynamics
RIGHTSIZING ANALYSIS
Employee productivity is $278,624
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EXPENSE BENCHMARKING
3.6% of expenses is spent on health insurance
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OPERATING EXPENSES
In 2022, industry operating expenses grew 17.1%
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PAYROLL
In 2022, payroll per employee was $109,487
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PAYROLL BY STATE
California averages $115,654 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS
10.2% of employees in the industry are in management positions
Benchmark against 25 other job categories
JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $25.01
Purchase now for the bottom 10%, 25%, average, top 75% and 90% pay ranges in 26 job categories
The above stats represent a small fraction of what you will find in this report.
Purchase the 2023 Engineering Services Market Research Report now to unlock the insight from one of the most trusted research firms.
NAICS CODE: 541330