40+ Engineering Industry Statistics You Should Know

Key Engineering Industry Statistics

• The engineering market will grow at a 4.2% CAGR to $1156.5 billion in 2023.
• The engineering R&D outsourcing market is anticipated to reach $434.72 billion between 2022 and 2023, growing at a 25.0% CAGR.
• The global process automation and instrumentation market will increase by $71.54 billion in 2023, rising at a 6.5% CAGR.
• There are currently over 249,186 process engineers working in the US.
• The global heavy and civil engineering market reached $1936.17 billion at a 5.2% CAGR.
• The mechanical power transmission equipment market value will increase by 8.2% CAGR to $70.24 billion in 2023.
• The geotechnical engineering services market will grow at a 6.5% CAGR and reach $2.22 billion in value by 2023.

The engineering sector contributes significantly to the growth and advancement of numerous fields. Engineering industry statistics illuminate this sector’s impact, expansion, and difficulties, helping us comprehend its significance.

These engineering services statistics include various topics, including employment, investments, technical breakthroughs, and gender equality in the industry. We can learn a lot about the condition of the engineering business right now and how it reshapes our environment by looking into this data.

Let’s take a look at the following engineering industry statistics:

• Global engineering industry statistics
• Engineering services statistics
• Process engineer statistics
• Construction engineer statistics
• Mechanical engineer statistics
• Geotechnical engineering services statistics

Let’s take a closer look!

Global engineering industry statistics

Understanding the global engineering market is crucial, given the expanding role that engineering plays in promoting innovation and economic growth.

This section thoroughly overviews the worldwide engineering sector and its effects on numerous industries and regions, including market size and employment figures.

Here’s an overview of global engineering industry statistics:

1. The engineering market will grow at a 4.2% CAGR to $1156.5 billion in 2023.
2. A 3.3% CAGR is anticipated to lead to the worldwide engineering market reaching $1316.06 billion in 2027.
3. The engineering R&D outsourcing market is anticipated to reach $434.72 billion between 2022 and 2023, growing at a 25.0% CAGR.
4. The market for outsourcing engineering R&D is expected to grow at a 24.3% CAGR and reach $1037.5 billion by 2027.

Engineering services statistics

Engineering services statistics reflect the developments and difficulties experienced by experts in this sector, offering insightful information on trends in several technical specialties.

By examining these statistics, we can learn more about engineers’ influence on society and how their knowledge contributes to technological advancements and infrastructural development.

Let’s explore the following engineering services statistics:

• Process engineer statistics
• Construction engineer statistics
• Mechanical engineering statistics
• Geotechnical engineering services statistics

Process engineer statistics:

5. The global process automation and instrumentation market will increase by $71.54 billion in 2023, rising at a 6.5% CAGR.
6. The process automation and instrumentation market is forecast to grow to $97.63 billion in 2027, increasing at an 8.1% CAGR.
7. The product engineering market value will reach $984.04 billion in 2023, with a CAGR of 8.5%.
8. The product engineering market is projected to increase by $1353.29 billion in 2027, with an 8.3% CAGR.

U.S. process engineer demographics:

9. There are currently over 249,186 process engineers working in the US.
10. 82.9% of all process engineers are men — 17.1% are women.
11. 42 is the average process engineer age.
12. 65.4% of process engineers are White.
13. 15.6% of all process engineers are Asian.
14. 10.6% of process engineers are Hispanic.
15. 4.3% of all process engineers are African American.
16. 4% of all process engineers are part of the LGBTQ+ community.

Process Engineering Industry Statistics:

17. Here are the most common industries for process engineers:

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Construction engineer statistics

18. The global heavy and civil engineering market reached $1936.17 billion at a 5.2% CAGR.
19. The heavy and civil engineering market is projected to grow at a 4.5% CAGR to $2305.56 billion by 2027.
20. The cost of US residential construction materials will rise by 1.7% in 2021.
21. Softwood lumber prices increased by 6.5% in April 2021.

Construction engineer demographics:

22. The US currently employs over 23,012 construction engineers.
23. 9.3% of all construction engineers are women — 90.7% are men.
24. The average construction engineer age is 40.
25. 5% of all construction engineers are part of the LGBT community.

Construction Engineer Race

Construction Engineers By Degree Level:

Mechanical engineering statistics

26. The mechanical power transmission equipment market value will increase by 8.2% CAGR to $70.24 billion in 2023.
27. The mechanical power transmission equipment market is anticipated to grow at a 7.1% CAGR to $92.39 billion in 2027.
28. Norway’s share of electric vehicle sales is anticipated to rise by 100% by 2025.
29. 35% of the 2025 total vehicle sales represent California’s “green” vehicles signed by nine U.S. states.

Mechanical engineering demographics:

30. There are over 128,000 mechanical engineers working in the United States.
31. 9.4% of all mechanical engineers are women — 90.6% are men.
32. 40 is the average mechanical engineer age.
33. 5% of all mechanical engineers are part of the LGBT community.
34. 52% of mechanical engineers are more likely to work at private than public companies.

Mechanical Engineer Race

Geotechnical engineering services statistics

35. The geotechnical engineering services market will grow at a 6.5% CAGR and reach $2.22 billion in value by 2023.
36. The geotechnical engineering services market is expected to grow at a 5.1% CAGR to $2.71 billion by 2027.
37. The U.S. wind energy sector accounted for $24.6 billion in investments in 2020.
38. The U.S. offshore wind pipeline has grown by 24% year over year, with 35324 MW in various stages of development.

Geotechnical engineer demographics:

39. 39. 5,213+ geotechnical engineers are in the United States.
40. 17.2% of all geotechnical engineers are women — 82.8% are men.
41. 40 is the average geotechnical engineer age.
42. 5% of all geotechnical engineers are part of the LGBT community.

Geotechnical Engineer Jobs By Employer Size

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