Europe Engineering Professional Services Market
No. of Pages: 150 | Report Code: BMIRE00030676 | Category: Technology, Media and Telecommunications
Explore in Your Language
No. of Pages: 150 | Report Code: BMIRE00030676 | Category: Technology, Media and Telecommunications
The Europe engineering professional services market was valued at US$ 718.54 million in 2023 and is expected to reach US$ 1,351.74 million by 2031; it is estimated to register a CAGR of 8.2% from 2023 to 2031. Surge in Demand for Civil Engineering Services Owing to Rapid Urbanization Fuel Europe Engineering Professional Services Market
Rapid urbanization is majorly affecting the overall business of civil engineering services as it fuels the need for infrastructure development, real estate growth, and overall economic expansion. According to the World Bank, as of April 2023, approximately 56% of the global populace, totaling 4.4 billion individuals, resides in urban areas. Projections indicate that this trend will persist, leading to a more than twofold increase in the urban population by 2050, with approximately 7 out of 10 people expected to settle in cities. For instance, according to the data provided by the German government in 2022, the country witnessed a 1.2% growth in urban population from 2021 to 2022. In contrast, in 2019, the country witnessed a 0.31% increase in urban population from 2018. As over 80% of the world's GDP is generated in urban centers, effective management of urbanization has the potential to foster sustainable growth by enhancing productivity and fostering innovation. Thus, the surge in demand for civil engineering services owing to rapid urbanization drives the Europe engineering professional services market.Europe Engineering Professional Services Market Overview
In Europe, the engineering professional services market encompasses a wide range of services, including designing and construction, Environmental, Social, and Governance (ESG), and program management. Engineering professional services in Europe related to design and construction involve providing specialized solutions for various projects, such as water and wastewater treatment. This includes consulting, design, construction management, and program management, with a focus on technical expertise, local presence, and a client-first approach. Companies such as ESG Engineering, specializing in providing client-focused engineering and construction solutions, are striving to exceed client expectations and industry standards. They offer a range of services, from consulting and design to construction management, emphasizing efficiency and innovative solutions while maximizing clients' finite capital budgets. In May 2023, Accenture reached an agreement to purchase Objectivity, a digital engineering firm specializing in cloud and platform development services aimed at facilitating clients' rapid innovation and transformation journey. The specific terms of the deal were not disclosed. Following this acquisition, Objectivity will bring additional scale and resources from its operations in the UK, Poland, Germany, and Mauritius. Objectivity's significant expertise in platform engineering, cloud-native computing, and application modernization will enhance Accenture's Cloud First capabilities, enabling clients to leverage more open and adaptable platform models and services to expedite their digital transformation initiatives, further boosting the Europe engineering professional services market in Europe.
Europe Engineering Professional Services Market Revenue and Forecast to 2031 (US$ Million)
Strategic insights for the Europe Engineering Professional Services provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Europe Engineering Professional Services refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Get more information on this report Europe Engineering Professional Services Strategic Insights
Get more information on this report Europe Engineering Professional Services Report Scope
Report Attribute
Details
Market size in 2023
US$ 718.54 Million
Market Size by 2031
US$ 1,351.74 Million
Global CAGR (2023 - 2031)
8.2%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Type
By Service Type
By Vertical
Regions and Countries Covered
Europe
Market leaders and key company profiles
Get more information on this report Europe Engineering Professional Services Regional Insights
Get more information on this report
Europe Engineering Professional Services Market Segmentation
The Europe engineering professional services market is categorized into type, service type, sector, vertical, and country.
Based on type, the Europe engineering professional services market is bifurcated consulting and non-consulting. The consulting segment held a larger market share in 2023.
In terms of service type, the Europe engineering professional services market is categorized into designing and construction, ESG, program management, and others. The designing and construction segment held the largest market share in 2023.
By sector, the Europe engineering professional services market is bifurcated into private and public. The private segment held a larger market share in 2023.
In terms of vertical, the Europe engineering professional services market is categorized into advanced manufacturing, infrastructure, energy and utilities, environmental, transportation, and water. The transportation segment held the largest market share in 2023. The advanced manufacturing segment is further sub segmented data center, life sciences, electronics and semiconductor, Ev and Ev battery, and others. The infrastructure segment is further subsegmented buildings and cities, health infrastructure, telecommunication infrastructure, and others. The energy and utilities segment is further subsegmented renewables, energy storage, and transmission and distribution. The transportation segment is further sub segmented aviation, highways and bridges, ports and maritime, and rail and transit. The water segment is further sub segmented water and wastewater.
By country, the Europe engineering professional services market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe engineering professional services market share in 2023.
Accenture Plc, Capgemini SE, COWI A/S, DB Engineering & Consulting, Deloitte Touche Tohmatsu Ltd, Larsen & Toubro Ltd, McKinsey & Co Inc, Sweco AB, Tata Consultancy Services Ltd, and Wipro Ltd are some of the leading companies operating in the Europe engineering professional services market.
1. Accenture Plc
2. Capgemini SE
3. COWI A/S
4. DB Engineering & Consulting
5. Deloitte Touche Tohmatsu Ltd
6. Larsen & Toubro Ltd
7. McKinsey & Co Inc
8. Sweco AB
9. Tata Consultancy Services Ltd
10. Wipro Ltd
The Europe Engineering Professional Services Market is valued at US$ 718.54 Million in 2023, it is projected to reach US$ 1,351.74 Million by 2031.
As per our report Europe Engineering Professional Services Market, the market size is valued at US$ 718.54 Million in 2023, projecting it to reach US$ 1,351.74 Million by 2031. This translates to a CAGR of approximately 8.2% during the forecast period.
The Europe Engineering Professional Services Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Engineering Professional Services Market report:
The Europe Engineering Professional Services Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Engineering Professional Services Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Engineering Professional Services Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Engineering Professional Services Market
