Engineering Services Market (2020-2023): Key Growth Sectors and Market Share Impact

The engineering services market has experienced significant shifts from 2020 to 2023, with certain sectors driving substantial growth. Indian ESPs have expanded their influence by focusing on automotive, aerospace, and industrial automation. Global MNCs have leveraged digital transformation in healthcare, energy, and smart infrastructure to maintain their dominance. European Pureplays have found success in high-value precision engineering, particularly in aerospace and manufacturing. This report explores how different sectors have contributed to market share changes, highlighting the industries experiencing the fastest growth. It provides insights into key players adapting to these trends and those struggling to keep up. By understanding which sectors are driving market expansion, businesses can identify new opportunities and strategic areas for investment.