Engineering Services Market in the US – Size, Forecast, and Competitive Landscape: Explore Skyline Builders Group’s US Potential

Market Outlook: US Engineering Services Market 2025-2029

The engineering services market in the US is driven by increasing demand for infrastructure development, technological innovation, and environmental sustainability, offering a wide range of services across industries including construction, energy, manufacturing, and transportation. The market is expected to grow by USD 60-70 billion at a CAGR of 4%-6% between 2025 and 2029. Exact values for this market can be accessed upon purchasing the report. Key companies in this market include:

• Jacobs Engineering Group
• Bechtel Corporation
• KBR Inc.
• HDR Inc.
• Terracon
• Others

IPO Company Overview: Skyline Builders Group in the US engineering services market

Skyline Builders Group Holding recently launched its IPO on the Nasdaq Capital Market in January 2025 under the ticker symbol SKBL, creating a new opportunity for investors. Skyline Builders Group is a civil engineering services provider specializing in solutions for infrastructure development, construction management, and urban planning. With a commitment to quality, sustainability, and efficiency, the company offers a broad range of services, including site development, road construction, utilities installation, and environmental engineering.

Market Segmentation: How is the US engineering services market segmented?

Service Type

• Design & Planning
• Consulting & Advisory
• Project Management
• Construction Management
• Maintenance & Support

Application

• Construction & Infrastructure
• Energy & Utilities
• Manufacturing
• Transportation
• Environmental

Construction & infrastructure is the leading application, driven by ongoing urbanization and the need for infrastructure modernization, which requires significant engineering expertise in the planning and execution of large-scale projects.

Investment Opportunities: Why explore the US engineering services market with Technavio?

Recent developments in the US engineering services market reflect a growing emphasis on technological innovation, sustainability, and infrastructure modernization. As the demand for advanced infrastructure projects rises, engineering firms are increasingly adopting cutting-edge technologies, such as Building Information Modeling (BIM), AI-driven design tools, and drones, to improve project efficiency and reduce costs. In addition, the push for environmental sustainability has spurred the development of eco-friendly engineering solutions, with a focus on renewable energy infrastructure, green buildings, and water treatment technologies. These advancements are also driven by government initiatives, such as the Infrastructure Investment and Jobs Act, which aims to invest heavily in modernizing the nation's infrastructure, boosting opportunities for engineering service providers across various sectors.

The market has also seen a significant shift toward the integration of smart technologies and digitalization in engineering services. Engineering firms are increasingly leveraging Internet of Things (IoT) devices and data analytics to monitor infrastructure performance in real time, optimize maintenance, and improve safety. This digital transformation allows for predictive maintenance and enhanced project management, offering more cost-effective and timely solutions for clients. Additionally, the demand for engineering services in sectors such as renewable energy, electric vehicle infrastructure, and green building is rising, with an emphasis on creating more sustainable and resilient systems. As the market continues to evolve, companies in the engineering services sector are adapting by expanding their offerings, fostering innovation, and enhancing their focus on environmental, social, and governance (ESG) goals to stay competitive.

Market Dynamics: What factors are influencing the engineering services market in the US?

Drivers:

The engineering services market in the US is primarily driven by increasing demand for infrastructure development and modernization, population growth, and urbanization. As cities expand and industries evolve, there is a continuous need for new and improved transportation networks, utilities, and energy systems. Additionally, stricter environmental regulations and the push toward sustainable construction practices have intensified the demand for engineering solutions that prioritize energy efficiency, water conservation, and the reduction of carbon footprints. Government infrastructure initiatives, such as the Infrastructure Investment and Jobs Act, are also fueling market growth by allocating funds for large-scale public infrastructure projects.

Trends:

The engineering services market is increasingly witnessing trends centered around digital transformation and sustainability. The integration of advanced technologies like Building Information Modeling (BIM), automation, artificial intelligence (AI), and Internet of Things (IoT) in project design and management is becoming more prevalent. These technologies improve project efficiency, reduce costs, and enhance decision-making. Additionally, there is a growing emphasis on green building practices, renewable energy infrastructure, and sustainable construction methods, driven by the rising demand for environmentally friendly solutions and government regulations aimed at reducing carbon emissions.

Opportunities:

Opportunities in the US engineering services market are abundant, particularly in sectors related to infrastructure modernization, renewable energy, and smart city development. The increasing adoption of electric vehicle infrastructure, clean energy solutions like wind and solar power, and the transition to sustainable urban environments create substantial growth opportunities for engineering firms. Furthermore, the need for resilient infrastructure to withstand climate change impacts opens avenues for companies to offer advanced engineering solutions in flood prevention, stormwater management, and disaster recovery. As public and private sector investments in infrastructure continue to grow, engineering firms stand to benefit from new project opportunities and long-term contracts.

Challenges:

The engineering services market in the US faces several challenges, including labor shortages, supply chain disruptions, and rising material costs. There is a growing demand for skilled workers in specialized engineering fields, and a lack of qualified talent can hinder project execution and delay timelines. Additionally, inflation and global supply chain issues have led to higher material costs, which can impact the profitability of engineering projects. Moreover, companies must navigate complex regulatory environments, which can vary by state and locality, and ensure that projects comply with environmental and safety standards. Finally, maintaining a balance between innovation, cost control, and project delivery timelines remains an ongoing challenge in this competitive market.

Investment Questions: Topics to consider when investing in the engineering services market in the US

Regulatory Environment: What is the impact of evolving environmental regulations and building codes on the engineering services market? How well does the company comply with these regulations, and what are the potential costs associated with maintaining compliance?

Sustainability Focus: How does the company address sustainability in its engineering projects? Are they investing in green technologies, renewable energy solutions, or sustainable construction practices that could cater to the increasing demand for eco-friendly infrastructure?

Competitive Landscape: Who are the company’s main competitors in the engineering services sector, and how do they differentiate themselves in terms of service offerings, market position, and technological capabilities? What is the company’s competitive edge, and how does it plan to maintain or grow market share?

Project Pipeline and Backlog: What does the company’s project pipeline look like? How strong and diversified is its backlog, and does it have long-term contracts with public and private sector clients that ensure a steady revenue stream?

Labor and Talent Management: How is the company addressing the growing demand for skilled labor in the engineering sector? Does it have strategies in place for attracting and retaining talent, especially in specialized engineering fields?

For a detailed analysis of the engineering services market in the US, buy the full report

Technavio Report Insights: How Can Technavio Reports Help Investors Make Better Business Decisions?

Key Features of a Technavio Report: 

• Comprehensive Market Analysis: Provides a detailed overview of the engineering services market in the US, including market size, growth rate, segmentation, and regional analysis. 

• In-Depth Competitive Landscape: Offers insights into the competitive dynamics, market share and positioning, and product offerings of key players. 

• Future Market Trends: Identifies emerging trends and opportunities that can shape the future of the market. 

• Detailed Segmentation: Breaks down the market into various segments to help investors identify specific niches and target markets. 

• Expert Analysis: Provides expert insights and forecasts from industry analysts

FAQ

1. What factors are driving the growth of the engineering services market?
Key drivers include increased infrastructure spending, urbanization, population growth, the demand for sustainable solutions, and government initiatives such as the Infrastructure Investment and Jobs Act. Additionally, technological advancements, such as AI, automation, and BIM, are pushing the industry toward more efficient and cost-effective services.

2. What are the challenges faced by the engineering services market?
Challenges include labor shortages, rising material costs, supply chain disruptions, and compliance with evolving regulatory standards. Additionally, project delays and budget overruns remain common challenges, especially in large-scale public infrastructure projects.

3. How is technology impacting the engineering services market?
Technology is revolutionizing the engineering services market by enabling more precise designs, real-time monitoring, and enhanced project management. Technologies like Building Information Modeling (BIM), AI, and drones help streamline project execution, improve safety, and reduce costs.

4. What is the future outlook for the engineering services market in the US?
The future outlook for the engineering services market in the US is positive, with strong growth anticipated in infrastructure development, energy transition projects, and smart city solutions. The demand for sustainable practices, technological integration, and government investments in infrastructure will continue to drive the market forward.

5. How do government initiatives impact the engineering services market?
Government initiatives, particularly in infrastructure development and sustainability, play a significant role in driving demand for engineering services. Programs like the Infrastructure Investment and Jobs Act provide funding for transportation, energy, and water infrastructure projects, benefiting engineering firms working on public sector contracts.

Table of Contents

1 Executive Summary

• 1.1 Market overview
  • Executive Summary - Chart on Market Overview
  • Executive Summary - Data Table on Market Overview
  • Executive Summary - Chart on Global Market Characteristics
  • Executive Summary - Chart on Market by Geography
  • Executive Summary - Chart on Market Segmentation
  • Executive Summary - Chart on Incremental Growth
  • Executive Summary - Data Table on Incremental Growth
  • Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

• 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

• 2.2 Criticality of inputs and factors of differentiation
  • Overview on criticality of inputs and factors of differentiation

• 2.3 Factors of disruption
  • Overview on factors of disruption

• 2.4 Impact of drivers and challenges
  • Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

• 3.1 Market ecosystem
  • Parent Market
  • Data Table on - Parent Market

• 3.2 Market characteristics
  • Market characteristics analysis

• 3.3 Value chain analysis
  • Value chain analysis

4 Market Sizing

• 4.1 Market definition
  • Offerings of companies included in the market definition

• 4.2 Market segment analysis
  • Market segments

• 4.3 Market size 2024

• 4.4 Market outlook: Forecast for 2024-2029
  • Chart on Global Market - Market size and forecast 2024-2029 ($ billion)
  • Data Table on Global Market - Market size and forecast 2024-2029 ($ billion)
  • Chart on Global Market: Year-over-year growth 2024-2029 (%)
  • Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

• 5.1 Global Market 2019 - 2023
  • Historic Market Size - Data Table on Global Market 2019 - 2023 ($ billion)

• 5.2 Segment Analysis 2019 - 2023
  • Historic Market Size – Segment Analysis 2019 - 2023 ($ billion)

• 5.4 Geography segment analysis 2019 - 2023
  • Historic Market Size - Geography Segment 2019 - 2023 ($ billion)

6 Qualitative Analysis

• 6.1 Impact of AI on the Global Market

7 Five Forces Analysis

• 7.1 Five forces summary
  • Five forces analysis - Comparison between 2024 and 2029

• 7.2 Bargaining power of buyers
  • Bargaining power of buyers - Impact of key factors 2024 and 2029

• 7.3 Bargaining power of suppliers
  • Bargaining power of suppliers - Impact of key factors in 2024 and 2029

• 7.4 Threat of new entrants
  • Threat of new entrants - Impact of key factors in 2024 and 2029

• 7.5 Threat of substitutes
  • Threat of substitutes - Impact of key factors in 2024 and 2029

• 7.6 Threat of rivalry
  • Threat of rivalry - Impact of key factors in 2024 and 2029

• 7.7 Market condition
  • Chart on market condition - Five forces 2024 and 2029

8 Market Segmentation

• 8.1 Market segments
  • Chart on Segmentation - Market share 2024-2029 (%)
  • Data Table on Segmentation - Market share 2024-2029 (%)

• 8.2 Segment Comparison
  • Chart on Comparison
  • Data Table on Comparison

• 8.3 Segment Market Opportunity
  • Market opportunity ($ billion)
  • Data Table on Market Opportunity ($ billion)

9 Customer Landscape

• 9.1 Customer landscape overview
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Geographic Landscape

• 10.1 Geographic segmentation
  • Chart on market share by geography 2024-2029 (%)
  • Data Table on market share by geography 2024-2029 (%)

• 10.2 Geographic comparison
  • Chart on Geographic comparison
  • Data Table on Geographic comparison

• 10.3 Market opportunity by geography
  • Market opportunity by geography ($ billion)
  • Data Tables on Market opportunity by geography ($ billion)

11 Drivers, Challenges, and Opportunity/Restraints

• 11.1 Market drivers

• 11.2 Market challenges

• 11.3 Impact of drivers and challenges
  • Impact of drivers and challenges in 2024 and 2029

• 11.4 Market opportunities/restraints

12 Competitive Landscape

• 12.1 Overview

• 12.2 Competitive Landscape
  • Overview on criticality of inputs and factors of differentiation

• 12.3 Landscape disruption
  • Overview on factors of disruption

• 12.4 Industry risks
  • Impact of key risks on business

13 Competitive Analysis

• 13.1 Companies profiled
  • Companies covered

• 13.2 Company ranking index
  • Company ranking index

• 13.3 Market positioning of companies
  • Matrix on companies position and classification

14 Appendix

• 14.1 Scope of the report

• 14.2 Inclusions and exclusions checklist
  • Inclusions checklist
  • Exclusions checklist

• 14.3 Currency conversion rates for US$
  • Currency conversion rates for US$

• 14.4 Research methodology
  • Research methodology

• 14.5 Data procurement
  • Information sources

• 14.6 Data validation
  • Data validation

• 14.7 Validation techniques employed for market sizing
  • Validation techniques employed for market sizing

• 14.8 Data synthesis
  • Data synthesis

• 14.9 360 degree market analysis
  • 360 degree market analysis

• 14.10 List of abbreviations
  • List of abbreviations