Engineering Contracting Market Scope
Engineering Contracting is a legal agreement between a business and an engineering company detailing services promised, and payment for those services. It has wide application in various industry verticals such as Oil & Gas, Utilities, Construction, Automotive, Aerospace, Telecom, etc. Geographically, Asia Pacific is the leading region for higher adoption Engineering Contracting followed by India is a formidable powerhouse that provides quality engineering services. The demand in the market is huge that is triggering over the upcoming year.
The Engineering Contracting market study is segmented and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow in the Construction industry. It has wide application for project planning and Plant design Several companies such as Tutor Perini Corp, L & T, Shanghai Construction Group are operating in the market to provide customers better offer with various features & unique offerings. The market is a partially fragmented market with the presence of several market players and local players. Which is triggering the market growth over the forecast period.
Jazal Engineering & Contracting (United States Emirate), ECC GROUP (United States Emirate), Vinci (France), Daiwa House Industry Co (Japan), Bouygues (France), Shanghai Construction Group (SCG) (China), Samsung C & T Corp (South Korea), L & T (India), Dr Horton (United States), Skanska AB (Sweden), Acciona (Spain), Tutor Perini Corp (United States), Barratt Development PLC (United Kingdom) and Others are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Engineering Contracting market by Type, Application and Region.
On the basis of geography, the market of Engineering Contracting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On November 2021 KCI has completed the acquisition of Civil Engineering Consultants
On December 2021 Tutor Perini Corporation has launched Two Projects Collectively and both Project cost is USD 218.8 Million
- Huge adoption for Drone technology in the construction industry continues to be one of the fastest-growing trends
- Increasing demand engineering contracting help to reduce Cost-efficient
- Rapidly Increasing Engineering Contracting in Construction Industry
- A large amount of initial investment is required
- A large amount of manual configuration management of engineering documents is still done manually for the most part
Key Target AudienceRaw Material Supplier, Trader, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-use Industry
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Engineering Contracting Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.