Engineering
@ZibiGroup
It is anticipated that the global engineering and components sector would continue to expand because to reasons such growing automation, the expansion of infrastructure, and technological breakthroughs.
Growing investment in the transportation, industrial, and commercial infrastructure sectors in emerging nations is also anticipated to propel the engineering and components market forecast.
Market size:
The Indian engineering services market is estimated to reach INR 1.67 trillion in 2024, with a projected growth rate of 4.20% CAGR. Key sectors driving this growth include aerospace, automotive, and oil & gas, with significant demand in civil, mechanical, electrical, and structural engineering
Challenges:
⦿ Aging infrastructure
⦿ Competition
⦿ Safety and security
⦿ Integration and standardization