According to a report by Mordor Intelligence, the global engineering services industry has remained resilient over the years, with a market size worth $1.67 trillion as of 2024. It is expected to grow its market size to $2.04 trillion by 2029 at a compound annual growth rate (CAGR) of 4.20% between 2024 and 2029. Although the largest market for the engineering services industry is centered in the Asia Pacific region, the Middle East and Africa are showing the fastest market growth globally.
One of the primary drivers of growth in the engineering services industry is the rising demand for infrastructure and the need for specialized skills across infrastructure projects. Since infrastructure projects are complicated and strenuous, the demand for innovative engineering services continues to grow. In fact, according to data from the U.S. Census Bureau, the value of infrastructure construction in the U.S. is expected to increase from $1.8 trillion to $1.84 trillion between October 2022 and February 2023. The increasing use of digital technologies such as artificial intelligence, cloud computing, and IoT is also driving the market.
Check out the 5 best countries to study engineering in the world.
5. Italy
- Top University for Engineering: Politecnico di Milano
- QS Ranking 2024 for Engineering and Technology: 23
- Number of Universities in the Top 1,000 QS Universities as according to Insider Monkey Global Education Index: 36
Politecnico di Milano is Italy`s biggest public technical college and Milan`s oldest college. With round 42,000 students, the institute focuses on engineering, architecture, and design. The institute become based in 1863, and ranks Italy in the 5th spot on our listing.
4. Germany
- Top University for Engineering: Technical University of Munich
- QS Ranking 2024 for Engineering and Technology: 19
- Number of Universities in the Top 1,000 QS Universities as according to Insider Monkey Global Education Index: 45
Germany`s Technical University of Munich lends it the fourth spot on our listing with a QS 2024 rating of nineteen in engineering and technology. Located in Munich, the general public institute focuses on engineering, technology, and medication and has a complete enrollment of round 50,000 as of 2022. The Technical University of Munich become based in 1868.
3. China
- Top University for Engineering: Tsinghua University
- QS Ranking 2024 for Engineering and Technology: 11
- Number of Universities in the Top 1,000 QS Universities as according to Insider Monkey Global Education Index: 57
China ranks 1/3 on our listing of the pinnacle nations to have a look at engineering in the global, with Tsinghua University taking the spot because the excellent engineering institute in the country. Tsinghua University is a public institute positioned in Beijing, and ranks eleventh at the QS rating 2024 for engineering and technology. As of 2020, the institute has a complete enrollment of over 53,000 students.
2. United Kingdom
- Top University for Engineering: University of Oxford
- QS Ranking 2024 for Engineering and Technology: 3
- Number of Universities in the Top 1,000 QS Universities as according to Insider Monkey Global Education Index: 81
The University of Oxford ranks many of the maximum prestigious institutes globally, and takes the second one spot on our listing. Located in Oxford, England, the institute is the oldest college in the English-talking global and the second one oldest college in non-stop operation worldwide. It become based in 1096, and normally accepts around 3,300 undergraduates and 5,500 graduates yearly.
1. USA
- Top University for Engineering: Massachusetts Institute of Technology (MIT)
- QS World University Ranking 2024 for Engineering and Technology: 1
- Number of Universities in the Top 1,000 QS Universities as according to Insider Monkey Global Education Index: 142
The United States of America ranks first on our list of the 15 best countries to study engineering in the world. The country is famous for its prestigious education system, and has the highest number of universities ranked among the top 1,000 QS universities. Massachusetts Institute of Technology, commonly known as MIT, is one of the top institutes across the globe, and the best university to study engineering in the world. MIT takes the first spot on the QS World University Ranking 2024 list for engineering and technology. With a 4% acceptance rate and a 96% graduation rate, MIT is a private research university located in Cambridge, Massachusetts, and has been around since 1861. Research conducted at the institute has played a vital role in the advancement of science and technology. The institute has 4,638 students enrolled for the 2021-2022 academic year.
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