Global Civil Engineering Market, By Service Type (Planning and Design, Construction, Maintenance, Others), Customer Type (Government, Private, Others), Application (Real Estate, Infrastructure, Industrial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Civil Engineering Market
Civil engineering market size is valued at USD 13.98 trillion by 2028 and is expected to grow at a rate of 5.50% for the forecast period of 2021 to 2028. Data Bridge Market Research report on civil engineering market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The civil engineering market is anticipated to witness tremendous growth in the forecast period which is attributed to the increase in disposable income associated with technological advancements in the civil engineering projects in the overall construction industry. Also the huge progress in infrastructure development has favored the civil engineering market growth rate, along with strict government standards, regulations and rise in international investments in emerging markets are some of the key determinants favoring the growth of the market. The main factor accountable for the growth of civil engineering market is the rising companies as the spearhead of transformation over the forecast period of 2021 to 2028. Beside this, the increasing real estate, particularly the construction of single-family dwellings and the multistoried apartments in rising economies are acting as major growth drivers for the civil engineering market. The rapidly increasing urban population coupled with a growing need for its accommodation is also helping the market to grow.
On the other hand, the rise in disposable income coupled with rapid increase in the middle-income population, government regulations and policies supporting civil engineering as well as the rapid expansion of smart cities across the world are highly supporting the growth of the target market. Furthermore, advancement in technology in a variety of civil engineering processes and event, also the introduction of various software and solutions will further offer a variety of growth opportunities for the civil engineering market.
One of the major obstructions to the growth of the civil engineering market is the lack of skilled labor workforce, whereas the low adoption rates of the advanced solutions will challenge the growth of the market over the forecast period of 2021 to 2028.
This civil engineering market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on civil engineering market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Civil Engineering Market Scope and Market Size
Civil engineering market is segmented on the basis of service type, customer and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of service type, the civil engineering market is segmented into planning and design, construction, maintenance and others.
- The customer type segment for civil engineering market is segmented into government, private and others. The government segment emerged to be the dominant segment and is accounted for the larger market share in the overall civil engineering market, owing to the various government policies and frameworks in the construction industry.
- On the basis of application, the civil engineering market is segmented into real estate, infrastructure and industrial.
Civil Engineering Market Country Level Analysis
Civil engineering market is analyzed and market size, volume information is provided by country, service type, customer type and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the civil engineering market owing to the easy availability of land and skilled labor at low cost in this particular region. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the increasing government initiatives to repair the aging infrastructure and rapid penetration of advanced construction technologies in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Civil Engineering Market Share Analysis
Civil engineering market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to civil engineering market.
The major players covered in the civil engineering market report are AECOM, Tetra Tech, Inc., Vinci Construction, Royal BAM Group, Hochtief Aktiengesellschaft, TechnipFMC plc, SNC-Lavalin Group, Hyundai E&C, Power Construction Corporation of China, HDR, Saipem, STRABAG SE, Jacobs, Fluor Corporation, GALFAR ENGINEERING & CONTRACTING SAOG, ACS Actividades de Construcción y Servicios, S.A, Skanska, Balfour Beatty, United States Army Corps of Engineers, Bouygues Construction SA, Kiewit Corporation, LAING O’ROURKE, and Bechtel Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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