The latest sector review from the European Federation of Engineering Consultancy Associations (EFCA) shows a stable growing market although uncertainties are growing. The global size of the architecture and engineering market in Europe is around €350 billion, according to Eurostat (2016). The survey for this EFCA barometer was conducted in October 2018 with participation of 20 associations for consulting engineering companies across Europe.
The signals collected show a stable European market – with a few exceptions - and continued positive expectations for the consulting engineering sector. Profitability has improved and is expected to level out in the coming year.
Staff shortage and salary increases continue to be the main challenges, along with low fees. These factors further support the picture of a stabilised market, which is still growing in some parts. But there are also factors that challenge profitability.
The Autumn Barometer 2018 is here.
The EFCA Press release is here.