Numerous factors impact the Civil Engineering Market, which together define its structure and dictate the direction of the business. Engineering firms, contractors, and government agencies are among the stakeholders who need to manage these aspects in order to take advantage of opportunities and adjust to changing situations. The following are the main market variables that affect the market for civil engineering:
Infrastructure Investment: One of the main factors propelling the civil engineering market is government spending on infrastructure projects, such as utilities, roads, bridges, and airports. Opportunities for industry participants are created when financing for infrastructure development is increased. This increases demand for civil engineering services.
Trends in Urbanization: Trends in global urbanization are driving the demand for sustainable and effective urban infrastructure. In order to create smart cities, deal with population expansion, and enhance the standard of living in cities through carefully thought-out.
Public-Private Partnerships (PPPs): The market for civil engineering is seeing a notable rise in the implementation of PPPs. Working together, public and private organizations can finance and carry out major infrastructure projects more easily, which boosts the economy.
Technological Integration: The field of civil engineering is changing as a result of technological advancements such as artificial intelligence, drones, and building information modeling (BIM). The competitiveness of the sector is affected by the integration of various technologies, which improves project design, construction efficiency, and overall project management.
Environmental Sustainability: Civil engineering techniques are being shaped by an increasing emphasis on environmental sustainability. As environmentally conscious projects become more and more important to clients and regulatory agencies, green infrastructure, eco-friendly building materials, and sustainable design solutions are becoming more and more popular.
Government Rules and Standards: In the civil engineering market, adherence to both governmental rules and industry standards is essential. Respect for safety, the environment, and quality standards is not only mandated by law but also necessary to keep the industry's reputation intact.
Report Attribute/Metric | Details |
---|---|
Market Size Value In 2022 | USD 5222.6 billion |
Growth Rate | 5.2% (2024-2030) |
Civil Engineering Market Size was valued at USD 4964.4 billion in 2021. The Civil Engineering market industry is projected to grow from USD 5222.6 Billion in 2022 to USD 7834.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.2% during the forecast period (2024 - 2030). Increasing disposable income in emerging nations is expected to boost infrastructure segment growth throughout the projection period are the crucial factor driving the growth of the Civil Engineering worldwide.Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The world is becoming a digital civil engineering market, and numerous novel technologies, regarding digitalization, are being used, which helps in influencing market expansion throughout the world. The research on the civil engineering market provides a comprehensive analysis of the market. because of reasons such as increased consumer disposable income and technical developments in terms of process and equipment enhancement. Rising R&D investment by key industry participants in numerous technologies such as smart grids, urban transportation, industrial automation, and parking systems provides clients with novel systems and alternatives. The evolving consumer preference for zero-energy and insulated buildings combined with double skin facades and PV panels will increase market share during the research period.
Furthermore, Professional IT service deployment in the form of digitalization of construction permits, along with flexible regulations for complicated building standards, contributes greatly to reducing approval processes and time for starting a construction project. In the United States, for example, sophisticated inspection technology and an e-permit system have decreased approval time by more than 30% and the frequency of on-site inspections by 25%. Rising use of integrated 3D modelling and Building Information Modelling (BIM) principles in the building of power networks, superstructures, and bridges will enhance the civil engineering industry throughout the forecast period.
Additionally, the adoption of favourable policies and regulations by various government bodies throughout the world would have a substantial influence on market growth. Over the anticipated period, shifting preferences for better safety and effective mitigation of negative effects on productivity would further promote the industry share. Furthermore, nationwide harmonisation of building norms and standards would lessen the complexity involved with construction operations. For example, the Eurocode programme standardised the procedures used to calculate and plan building projects throughout Europe.
However, Technological advancements in construction, is the major factor driving the growth of the Civil Engineering market revenue.
The Civil Engineering segmentation, based on services type, Planning & design, Construction, and maintenance. The planning and design service category is expected to develop the fastest over the projection period due to the presence of many well-established civil engineering organizations in the market in respect to the civil engineering market revenue. Planning and design are critical components of any construction project because they enable the effective integration of the design and construction processes. Companies are increasingly focused on green construction materials as the importance of eco-friendly products and energy efficiency grows. New sustainable building materials, such as cross-laminated timber, are increasing popularity among both homeowners and developers. Because of its lightweight and low-cost qualities, CLT has grown in favor. In the future years, it is expected to transform the construction industry.
February 2022:Â Tetra Tech Completes Acquisition of Professional Services Firm RPS Group. Tetra Tech, Inc., a leading provider of high-end consulting and engineering services, its offer to acquire all of the outstanding shares of RPS Group through a United Kingdom (UK) court-approved scheme of arrangement has become effective and the transaction has closed.
June 2021:Â Saint-Gobain took over Vi-Lux Building Products, a manufacturer of cellular polyvinyl chloride molding and trim enterprises. Through this acquisition, the company aimed to expand its portfolio of standard and forte millwork and trim products, enabling flexibility to fulfill the needs of every consumer. Additionally, integration of Saint-Gobain's sales network and market reach within Vi-Lux's production as well as design abilities is expected to make a perfect combination.
The Civil Engineering market data has been bifurcated by Application into Industrial Real Estate & Infrastructure. In the Civil engineering market in 2021, the Real-estate sector had the biggest revenue share and is projected to have significant market growth for civil engineering throughout the forecast period. Rising buying power and consumer confidence are driving the recovery in housing development, which includes both new and renovated homes. This is likely to boost the total market for civil engineering. The infrastructure segment is estimated to develop the fastest throughout the predicted period. Increasing government and private investments in the construction of infrastructure projects such as railroads, roads, airports, and canals are expected to drive segment expansion throughout the forecast period. Furthermore, a growing interest in the design and development of flexible infrastructure is likely to boost the segment's expansion. Hence rising application into Industrial, Real Estate, Infrastructure implants for Civil Engineering positively impacts the market growth.
Jan 2023: Fluor Joint Venture Selected for A27 HHZ Everdingen-Hooipolder Roadway Project in the Netherlands, signed the contract with the Ministry of Public Works and Water Management (Rijkswaterstaat) to perform design, construction, and maintenance services for the A27 motorway project from Everdingen to Hooipolder in the Netherlands. Fluor will book its share of the $436 million (€414 million) contracts in the first quarter of 2023.This development has further broadened the growth opportunity for the Civil Engineering industry in North America.
Nov 2022: AECOM-led joint venture to provide program management support for the California High-Speed Rail program.
Additionally, the market players involved in the engineering, design, and construction of industrial facilities provide a wide range of development and maintenance services to manufacturing companies, the oil and gas industry, energy & power, aviation, and several other industries, thereby driving the industry growth for civil engineering construction market over the forecast period.
Based on Consumer group, the Civil Engineering industry has been segmented into government and private group. the government clients segment dominated the market, contributing for more than 41.2% of the worldwide civil engineering industry share. Favorable government policies for the construction of railroads and road infrastructure, as well as the restoration and maintenance of public infrastructure facilities, are expected to assist segment growth.Â
The fastest growing segment in the Civil Engineering industry is Private sector. Civil engineering scope in consumer group are also widely used by the private sector, which includes building firms, and real estate developers. The greater investment by private enterprises in building activities such as housing projects, the development of healthcare centers, and the construction of new schools indicates a rise in demand for civil engineering services from private sector.
Major infrastructure projects require a combination of public and private money. The combined initiatives between public and private firms encourage the private sector to invest in large-scale infrastructure projects. As a result, it is likely to drive civil engineering market demand over the forecast year.
By Region, the study segments the market into North America, Europe, Asia-Pacific, and Rest of the World. North America Civil Engineering market accounted for USD 1643.32 billion in   2021 and is expected to exhibit an 5.2% CAGR during the study period. Increasing investments in infrastructure and construction projects by major market players, as well as economic growth in the United States, are among the primary reasons driving corporate expansion. Furthermore, the continual construction of sewerage networks throughout major North American urban centers will accelerate the market landscape even further.
Further, the major countries studied are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe Civil Engineering market accounts for the second-largest market share due to the rising demand for faster, smarter, and affordable building process in the developed countries such as Germany, France, and the U.K. is witnessing high growth rates. Europe is projected to observe significant amount of growth in the civil engineering market due to the strict VOC emission rules during construction are expected to boost demand for precast/prefabricated building products in Europe. Over the forecast period, the introduction of new materials, such as construction additives and eco-friendly building materials, is likely to generate profitable prospects for market participants in the civil engineering uses sector. Further, the Germany Civil Engineering market held the largest market share, and the UK Civil Engineering market was the fastest growing market in the European region.
The Asia-Pacific Civil Engineering Market led the market and accounted for more than 23% of worldwide revenue in 2022 because of the availability of low-cost labor in markets like as China, India, and others. Due to increased demand for industrial and commercial development, the regional market will expand further at a stable growth rate of the civil engineering sector throughout the projection period. Moreover, China Civil Engineering market held the largest market share, and the India Civil Engineering market was the fastest growing market in the Asia-Pacific region.
For instance, India Civil Engineering market expected to grow very rapidly. The construction industry's recovery, as well as growing increasing consumer disposable income levels in, are fueling the rise of the Civil Engineering industry in India. China is expected to emerge as the region's market leader however, nations such as India, Australia, Indonesia, and Thailand are expected to provide fresh construction and refurbishment projects. Hence, Asia-Pacific is anticipated to register the highest growth rate over the forecast period from 2022–2030.
Major market players are well-equipped with cutting-edge technologies and machinery to provide technical solutions, which need a significant initial investment. However, increased demand for creative solutions is projected to bring up new market entry opportunities. Due to the capital-intensive structure of the business, market participants are projected to face a low danger of new entrants.
One of the primary business strategies adopted by manufacturers in the Civil Engineering industry to benefit clients and expand the Civil Engineering market sector and reduce operating costs. In recent years, Civil Engineering have provided some of the most significant benefits.
Amec Foster Wheeler plc, SNC-Lavalin, AECOM, the United States Army Corps of Engineers, and Galfar Engineering & Contracting SAOG are among the industry's leading companies. The participants are primarily concerned with developing enhanced technologies such as equipment and materials for the construction of sustainable buildings. Most businesses also prioritize lowering operational expenses, improving building quality, and increasing production efficiency. Furthermore, huge expenditures in R&D for creating energy and cost-efficient designs provide organizations a competitive advantage over one another.
June 2022:Â SNC-Lavalin acquires UK process engineering specialist Flex Process. A leading process engineering, safety and digital simulation company which specialises in the support and transformation of process plants across a wide range of power and industrial sectors.
Jan 2022:Â SNC-Lavalin launches DecarbonomicsTM, a data-driven solution to accelerate journey to net zero, a data-driven solution to decarbonize the built environment in a cost-effective way and accelerate the journey to net zero.
May 2019:Â Tetra Tech, Inc. TTEK announced that it accomplished the acquisition of Axiom Data Science. This acquisition of Axiom will help Tetra Tech in improving its capabilities in progressive analytics for projects related to oceans and ecosystems which will permit the company to provide progressive climate data analytics explanations to its customers and support them in the decision-making process for developments related to climate variation.
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