The global Civil Engineering market size is expected to be worth around US$ 22.05 trillion by 2030, according to a new report by Vision Research Reports.
The global Civil Engineering market size was valued at US$ 7.74 trillion in 2020 and is anticipated to grow at a CAGR of 5.10% during forecast period 2021 to 2030.
The rapidly growing residential construction sector on account of the rising population across the globe is expected to drive the growth of this market during the forecast period.
Various government initiatives for infrastructure development, especially in the Asia Pacific, Europe, and Africa regions, are expected to drive market growth. In addition, increasing consumer disposable income levels in emerging economies of Asia Pacific, such as India and China, are expected to drive the segment, thereby benefiting the overall market growth.
Strict regulations in the Europe and North America regions, regarding VOC emissions during the construction process, are expected to boost the demand for precast/prefabricated construction products. The introduction of new materials, such as construction additives and eco-friendly building materials, is expected to create lucrative opportunities for market participants over the forecast period.
The strong presence of prominent civil engineering companies in the market, rise in demand for infrastructural development, need for transportation facilities, and other governmental interests in the engineering investment are some of the key factors that are expected to propel the growth of the market over the forecast period.
The construction services segment led the market and accounted for more than 27% share of the global revenue in 2020. Increasing demand for various rail structures, tunnels, bridges, and other civil works on account of the growing population and traffic issues across the globe is anticipated to propel the civil engineering market growth.
The planning & design service segment is anticipated to witness the fastest CAGR over the forecast period owing to the presence of multiple well-established global civil engineering companies in the market. Planning & design is an essential part of any construction project, which ensures the proper integration of the design and construction process.
The maintenance of a structure is an essential part of civil engineering to prolong the life cycle of a structure and to avoid losses. It includes a number of tasks from cleaning and repairing to replacements. An increasing number of maintenance and redevelopment projects across the globe is anticipated to promote market growth.
Other services include renovation activities, retrofitting, reconstruction, and alterations made to the existing structure. Increasing renovation activities owing to the rising need to prolong the life of a structure is expected to aid the market growth. In addition, the rising number of installations of energy-efficient products is anticipated to further drive the growth.
The real estate segment accounted for over 41% share of the global revenue in 2020 and is expected to witness significant growth over the forecast period. Rising purchasing power and consumer confidence are fueling the recovery of housing construction including both new constructions as well as renovation. This is expected to result in overall market growth.
The infrastructure segment is estimated to register the fastest CAGR from 2021 to 2028. Increasing public and private investments in the infrastructure projects development including railways, roads, airports, waterways, and others are projected to drive segment growth over the forecast period. In addition, a rising inclination towards the design and development of flexible infrastructure is expected to propel the infrastructure application growth.
Industrial application is expected to witness a significant growth rate of 5.9% over the forecast period. Increasing manufacturing activities coupled with rising demand for industrial infrastructure including R&D, manufacturing, processing facilities as well as warehouses are expected to result in the rising demand for civil engineering services across the globe.
The market players involved in engineering, design and construction of industrial facilities offer a broad range of services to manufacturing companies, the oil & gas industry, energy & power, aviation, and several other industries for the development and maintenance, thereby driving the industry growth over the forecast period.
The government customers segment led the market and accounted for more than 41% of the global revenue share in 2020. Favorable government policies for the development of railways and road infrastructure, as well as the renovation of public infrastructure buildings and their maintenance, are projected to benefit the segment growth.
Rising public spending in housing projects with the increasing investments in new construction and renovation is expected to have a major impact on the market across the globe. In addition, rising investments from the public sector in the non-residential segment suggest several government programs and policies supporting the development of non-residential construction.
The private sector, including construction contractors, individuals, and real estate developers are, is also a major customer of civil engineering services. Increasing investment by private companies in construction activities including housing projects and the development of healthcare centers & new schools indicates the rising demand for civil engineering services from private institutions.
Major infrastructure projects rely on both public and private funds. The projects, which are conducted jointly between public and private companies encourage the private sector to engage in high-budget infrastructure projects.
Asia Pacific dominated the market and accounted for over 32% share of the global revenue in 2020 owing to the availability of low-cost labor in economies including China, India, and others. The regional market will expand further at a steady CAGR from 2021 to 2028 due to the rising demand for industrial and commercial construction.
The market in North America is led by the U.S. owing to the presence of an extensively developed manufacturing industry, government initiatives to develop social infrastructure, and increased demand from the residential sector.
Positive signs in public and private debt are contributing toward the growth of the construction industry in Europe, which, in turn, is expected to boost market growth. In addition, the rising demand for commercial construction in the region is projected to promote market growth.
A rising number of construction and refurbishment activities in key sectors, such as offices, the educational sector, hotels, restaurants, transport buildings, and online retail warehousing, is anticipated to fuel the market growth in the region. In addition, the growing residential sector on account of the increasing rate of immigration is projected to promote industry growth.
Amec Foster Wheeler plc
United States Army Corps of Engineers
Tetra Tech, Inc.
Planning & Design
Application OutlookReal Estate
Central & South America
Middle East & Africa
The Civil Engineering market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Civil Engineering market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Civil Engineering market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Civil Engineering market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Civil Engineering market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Civil Engineering capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Civil Engineering by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Civil Engineering market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Civil Engineering market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Civil Engineering market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Civil Engineering industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The 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.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Civil Engineering market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Civil Engineering market. These factors have benefited the growth of the global market for Civil Engineering. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Civil Engineering. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Civil Engineering are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
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