Latin America Engineering Services Market Size & Outlook
The engineering services market in Latin America is expected to reach a projected revenue of US$ 373.0 billion by 2030. A compound annual growth rate of 4% is expected of Latin America engineering services market from 2025 to 2030.
Revenue, 2024 (US$B)
$296.5
Forecast, 2030 (US$B)
$373.0
CAGR, 2025 - 2030
4.0%
Report Coverage
Latin America
Global Market
Related Markets
Latin America engineering services market highlights
- The Latin America engineering services market generated a revenue of USD 296.5 billion in 2024.
- The market is expected to grow at a CAGR of 4% from 2025 to 2030.
- In terms of segment, technology integration was the largest revenue generating engineering services type in 2024.
- Construction and Project Management is the most lucrative engineering services type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 296.5 billion |
| Market revenue in 2030 | USD 373.0 billion |
| Growth rate | 4% (CAGR from 2025 to 2030) |
| Largest segment | Technology integration |
| Fastest growing segment | Construction and Project Management |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Design and Development, Maintenance and Support, Consulting, Construction and Project Management, Specialized Engineering Services, Technology Integration |
| Key market players worldwide | Strabag, JLL, Balfour Beatty PLC, Kiewit Corporation, AECOM, NV5 Global, Barton Malow Company, Brasfield & Gorrie, RMF Engineering, Bechtel Corporation, Gilbane, Inc, WSP Global Inc, Jacobs Engineering |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.7% of the global engineering services market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,817.8 billion by 2030.
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Publish Date: Jul 03, 2024
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Engineering Services Market Scope
Engineering Services Market segmentation & scope
Engineering Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| AECOM | View profile | 52,000 | 13355 Noel Road, Suite 400, Dallas, TX, United States, 75240 | www.aecom.com |
| Balfour Beatty PLC | View profile | 26,000 | 5 Churchill Place, Canary Wharf, London, United Kingdom, E14 5HU | www.balfourbeatty.com |
| WSP Global Inc | View profile | 66,500 | 1600, Rene-Levesque Bouleverd West, 11th Floor, Montreal, QC, Canada, H3H 1P9 | www.wsp.com |
| Kiewit Corporation | View profile | 10001+ | Omaha, Nebraska, United States, North America | www.kiewit.com |
| Jacobs Engineering | View profile | - | - | - |
| Bechtel Corporation | View profile | 10001+ | Reston, Virginia, United States, North America | www.bechtel.com |
| JLL | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | www.jll.co.in |
| Gilbane, Inc | View profile | 1001-5000 | Providence, Rhode Island, United States, North America | www.gilbaneco.com/ |
| Strabag | View profile | 10001+ | Vienna, Wien, Austria, Europe | www.strabag.com |
| Barton Malow Company | View profile | 1001-5000 | Southfield, Michigan, United States, North America | www.bartonmalow.com |
Latin America Engineering Services Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Engineering Services Market Outlook will help companies and investors design strategic landscapes.
Technology Integration was the largest segment with a revenue share of 21.11% in 2024.
Horizon Databook has segmented the Latin America engineering services market based on design and development, maintenance and support, consulting, construction and project management, specialized engineering services, technology integration covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Engineering Services Market Engineering Services Type Outlook (Revenue, USD Billion , 2018-2030)
- Design and Development
- Consulting
- Construction and Project Management
- Maintenance and Support
- Specialized Engineering Services
- Technology Integration
- Latin America Engineering Services Market Engineering Discipline Outlook (Revenue, USD Billion , 2018-2030)
- Civil Engineering
- Mechanical Engineering
- Electrical Engineering
- Piping and Structural Engineering
- Latin America Engineering Services Market Application Outlook (Revenue, USD Billion , 2018-2030)
- Infrastructure Development
- Industrial Projects
- Technology Implementation
- Environmental Projects
- Others Application
- Latin America Engineering Services Market End Use Outlook (Revenue, USD Billion , 2018-2030)
- Construction
- Manufacturing
- Energy and Utilities
- Transportation
- Healthcare
- Telecommunications
- Others End Use
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Engineering Services Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Engineering Services Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Engineering Services Market, 2018-2030 (US$B)
Latin America engineering services market statistics, by engineering services type, 2018-2030 (USD Billion)
