Industrial Market Research Reports by

MBD MARKET RESEARCH REPORTS

Press Release: UK Consulting Engineers Market Development Report

Released: February 2011

After researching the UK consulting engineers market development and taking into account various other factors the following conclusions can be drawn from MBD's report:

Market Review 2006-2010:

In 2010, total fees rendered by UK consulting engineers declined by an estimated 1% to £11.86 billion. This is a partial reflection of public spending cuts, which has already affected a number of capital projects during the year, such as the Building Schools for the Future programme. However a stronger decline is believed to have been avoided by continued strong investment in a number of sectors, notably the low carbon energy sector. The moderate decline in 2010 is in contrast to a strong market development evident in the previous four years, with annual growth levels fluctuating between 2006 and 2009. Indeed, fees rendered by UK consulting engineers increased by a cumulative 59% between 2006 and 2009. Despite the recession and the global financial crisis in 2008 and 2009, consulting engineers are believed to have continued to achieve an overall increase in fees rendered, partly reflecting continued strong public sector spending on major projects, as well as increased overseas turnover, as more companies were looking for contracts abroad as UK workloads dried up.

Market Forecast 2011-2015:

The market for UK consulting engineers is expected to increase throughout the forecast period up to 2015, although annual growth levels are anticipated to be more moderate than witnessed in recent years, prior to the economic downturn. In 2015, the fees rendered by consulting engineers are anticipated to reach £15.03 billion, equivalent to growth of 27% in real terms compared with 2010. Annual growth levels are expected to fluctuate between 3% and 6%.

Market growth is projected to be largely dependent on private sector investment, while public sector spending is anticipated to be subdued, reflecting public spending cuts. The coalition government is also putting measures in place in order to encourage more private sector investment in the country’s infrastructure. For example, a green investment bank has been established, with the aim to provide financial interventions to unlock significant new private investment in green infrastructure projects, such as offshore wind farms. The Government’s plan to build a low carbon economy and its commitment to an 80% reduction in CO2 emissions by 2050 is anticipated to be a key driver for market development over the coming years. The sectors expected to show the strongest growth potential over the next five years include energy/power generation, environment, housing, and rail infrastructure sectors. The importance of overseas markets to consulting engineers is also likely to further increase, at least in the short-term, as consulting engineers are expected to continue to look further afield for work, as UK economic growth remains subdued. The Middle East, China, the Indian sub-continent, South East Asia and Africa are likely to offer the strongest opportunities for consulting engineers over the coming years.

Note to Editors:

MBD specialises in business to business market research. The range of reports and industries in which we operate in is constantly expanding (our portfolio comprises of more that 140 titles). All our reports are written by in-house market consultants.

Click here for full details of the UK Consulting Engineers Market Research Report

MBD Welcomes Press Enquiries:

Press releases on the latest MBD market research reports can be sent to editors and journalists involved in trade magazines. Please email your request, along with the magazine title you are writing for, to pressoffice@mbdltd.co.uk.