Market Reports

Unlock 30% off global market reports with code ONLINE30 – get insights on tariff changes, macro trends, and global economic shifts What is the forecasted revenue size of the engineering services industry by 2029? The engineering services market size has grown steadily in recent years. It will grow from $1113.21 billion in 2024 to $1151.36 billion in 2025 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to increased demand for industrial robots, a rise in industrial automation and implementation of industry 4.0. The engineering services market size is expected to see steady growth in the next few years. It will grow to $1323.57 billion in 2029 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to increasing digitalization, rising demand for IoT (internet of things) solutions for smart manufacturing, rising prominence of robots in the construction industry, government investments in...