The latest research study “Civil Engineering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global civil engineering market size 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.
Civil engineering is the professional practice of planning, designing, constructing, and maintaining different structures. It is widely used in the aerospace sector to design space stations, airports, and jetliners. It is also extensively utilized in the automotive industry for enhancing the door and bumper crashworthiness and the capacity of the chassis to carry more load. In recent years, civil engineering has gained immense traction for setting up power supply, drinking water, energy systems, schools, hospitals, private offices, waterways, harbors, and seaports across the globe.
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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 global civil engineering market is primarily driven by the increasing demand for luxury residential properties. Moreover, several civil engineering companies are adopting connected construction and modularization strategies through innovative technologies to enhance productivity and operational efficacy.
Additionally, governments of numerous countries are undertaking multiple projects to improve existing infrastructure and develop smart cities, which represents another major growth-inducing factor. Besides this, the rising demand for civil engineering in oil and gas, chemical, power, and utility industries due to the launch of advanced materials, such as durable, high-strength concrete, fire-resistant timbers, geosynthetics, geotextiles, and self-healing items, has catalyzed the market growth.
Furthermore, the surging demand for planning and designing services due to the rapid expansion of industrial and commercial sectors is positively influencing market growth. Other factors, including rising consumer disposable incomes, rapid urbanization, and escalating global population, are also anticipated to create a favorable market outlook.
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Global Civil Engineering Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
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.
The report has segmented the market on the basis of region, 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
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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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