$11.7 Trillion Worldwide Civil Engineering Industry to 2027 – Featuring AECOM, Fluor, Laing O’Rourke and Royal BAM Group Among Others – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Civil Engineering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global civil engineering market reached a value of US$ 8.38 Trillion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 11.71 Trillion by 2027, exhibiting a CAGR of 5.74% during 2021-2027.
Companies Mentioned
- ACS Actividades de Construccion 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.
- Vinci SA.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Civil engineering refers to the professional practice of planning, designing, building, and maintaining different structures. It is employed in the aerospace industry for designing jetliners, airports, and space stations. It also finds application in the automotive industry for perfecting the load-carrying capacity of a chassis and improving the crashworthiness of bumpers and doors.
Nowadays, there is a considerable rise in the need for civil engineers to set up schools, hospitals, private offices, waterways, harbors, seaports, residential structures, and power supply, drinking water, and energy systems across the globe.
With inflating disposable incomes, rapid urbanization and escalating global population, there is a significant rise in the demand for luxury residential properties. This represents one of the vital factors bolstering the civil engineering market growth. Moreover, governments of numerous countries are undertaking projects to develop smart cities and improve existing infrastructure, which is positively influencing the market.
Apart from this, several civil engineering companies are adopting connected construction and modularization strategies through innovative technologies to boost operational efficiency and improve productivity. Furthermore, the leading players are entering into public-private partnerships (PPP) to target different business models and accelerate the shift toward digital transformation in construction activities.
They are also incorporating advanced materials, such as durable, high-strength concrete, geosynthetics, geotextiles, fire-resistant timbers, and self-healing items. This is anticipated to increase the application of civil engineering in the oil and gas, chemical, power and utility industries around the world.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global civil engineering market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on service type, application and end user.
Breakup by Service Type:
- Planning and Design
- Construction
- Maintenance
- Others
Breakup by Application:
- Real Estate
- Infrastructure
- Industrial
Breakup by End User:
- Government
- Private
- Others
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
Key Questions Answered in This Report:
- How has the global civil engineering market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global civil engineering market?
- What are the key regional markets?
- What is the breakup of the market based on the service type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global civil engineering market and who are the key players?
- What is the degree of competition in the industry?
For more information about this report visit https://www.researchandmarkets.com/r/ufg0f4
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