Engineering Services

Overview

The US engineering services industry includes about 60,000 companies with combined annual revenue of about $255 billion. Major companies include URS, Jacobs Engineering, and the engineering divisions of large construction companies such as Fluor and Bechtel. The industry is highly fragmented: the 50 largest firms account for about 35 percent of industry revenue.

Annual global spending for engineering services is estimated at $750 billion. Worldwide spending is expected to reach $1 trillion by 2020, according to a joint report by NASSCOM and Booz & Co. Prominent global firms include Worley Parsons (headquartered in Australia), AMEC (UK), Fugro NV (Netherlands), and SNC-Lavalin Group (Canada).