The latest research study “Civil Engineering Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global civil engineering market reached a value of US$ 8.38 Trillion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.71 Trillion by 2027, exhibiting a CAGR of 5.60% during 2022-2027.
Industry Overview and Application :
A work in civil engineering involves organising, creating, constructing, maintaining, and carrying out public-benefitting structural works. It encompasses managing physical and naturally created environments, including roads, bridges, canals, dams, airports, sewage systems, pipelines, and trains, and constructing, managing, and geotechnical projects. In addition to this, there has been an increase in the demand for civil engineers to build schools, hospitals, seaports, airports, private offices, canals, residential constructions, and commercial sectors.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Civil Engineering Market Trends and Drivers:
The market is primarily driven by the escalating demand for luxurious residential properties. This can be attributed to the inflating income levels of consumers, rise in population and rapid urbanization.
Moreover, the leading market players are entering into public-private partnerships (PPP) to target multiple industry models and incorporate digital transformation in construction activities. Apart from this, various projects undertaken by governments of different countries to develop smart cities and improve existing infrastructure is further propelling the market growth.
This, coupled with the rising adoption of connected construction and modularization strategies by civil engineering companies to boost operational efficiency and improve productivity, is another major growth-inducing factor.
|Civil Engineering Market Report Scope|
|Market size value in 2021||US$ 8.38 Trillion|
|Market forecast in 2027||US$ 11.71 Trillion|
|Growth Rate||CAGR of 5.60% from 2022 to 2027|
|Base year for estimation||2021|
Global Civil Engineering Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ACS Actividades de Construcción y Servicios S.A., AECOM, Fluor Corporation, Hyundai Engineering and Construction Co. Ltd. (Hyundai Motor Company), Jacobs Engineering Group Inc., Laing O’Rourke, Power Construction Corporation of China Ltd., Royal BAM Group nv, Saipem S.p.A. (Eni S.p.A.), Strabag SE (Basalt-Actien-Gesellschaft), Tetra Tech Inc. and Vinci SA.
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The report has segmented the market on the basis of region, service type, application and end user.
Breakup by Service Type:
• Planning and Design
Breakup by Application:
• Real Estate
Breakup by End User:
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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