Global challenges, such as population growth, climate change and urbanisation, together with the potential offered by rapidly evolving technology, will offer growth opportunities.
Albany, NY -- (SBWIRE) -- 08/30/2017 -- In the present time, two factors have been operating to make the consulting engineer's role in the development of transport and energy sector. According to the findings of a new study, road and rail remain most important areas for consulting engineer's fees income. Also, their demand in power and energy sector are driven by renewables projects. Market Research Hub (MRH) has recently publicized this latest study to its vast archive, which is titled as "U.K. Consulting Engineers - July 2017". This report on consulting engineers studies the current as well as future prospects of the market in U.K. Through this study, the research analyzes that how the market for U.K. consulting engineers performed over the last five years and forecasts market growth until the end of 2021.
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At first, the market overview section of the report explores the market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the U.K. consulting engineers and could influence the market in the near future. Consulting engineering is a professional service that provides independent expertise in engineering, science and related areas to governments, industries, developers and construction firms. In terms of demand, ambitious government plans for U.K. transport infrastructure investment to offer strong opportunities for U.K. consulting engineers.
This study presents the detailed introduction of the market covering definition, market positioning and factors. Then, the research shift focuses towards U.K. economy and forecast GDP development for the forecast period 2017 to 2021. As per the findings, the market for UK consulting engineers anticipated to grow by 20% in real terms between 2016 and 2021. The study also finds the sectors that will provide the strongest growth potential for consulting engineers over the next five years. The study deeply analyzes the market forecast for U.K. consulting engineers in the power & energy sector and transport sector. Of these, In the U.K., transport and energy infrastructure projects are set to drive demand for consulting engineers over the next five years. While transition to low carbon economy drives demand in power/energy sector.
Despite ongoing economic and political uncertainty, consulting engineers fee income is expected to demonstrate continued growth over the next five years. Global challenges, such as population growth, climate change and urbanization, together with the potential offered by rapidly evolving technology, will offer growth opportunities. However, in light of ongoing Brexit negotiations, which could delay some infrastructure projects, the current outlook carries a considerable degree of uncertainty.
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The industry structure is then analyzed by competitive scenario among different market players operating in this market. Top companies profiled in the study include Arup Group, WS Atkins, Jacobs U.K., Amey UK, Amex Foster Wheeler Environment & Infrastructure UK, Aecom, Mouchel, Mace, Parsons Brinckerhoff, Mott Macdonald Group, RPS Group, WSP UK and others.
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