Civil Engineering Market Size By Application (Residential Buildings, Energy, Industrial Infrastructure, Transport), By Customer Group (Government Purchases, Private Business), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Russia, Belarus, Ukraine, China, India, Japan, South Korea, Malaysia, Vietnam, Indonesia, Thailand, Brazil, Argentina, Mexico, Saudi Arabia, UAE, South Africa, Tanzania, Uzbekistan), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2025
Published Date: Oct 2016 | 157 Pages | Report ID: GMI804 | Authors: Vitika Verma, Amit Rawat Report Format: PDF
Civil Engineering Market size generated over USD 7,990 billion revenue in 2015 and expects gains at over 3.5%.
Europe Civil Engineering Market size, by application, 2013-2025 (USD Billion)
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Rising smart infrastructure demand along with increasing infrastructure spending in economically stabilizing countries should drive global civil engineering market size. Urbanization, population growth, and environmental impacts have necessitated the need for smart and sustainable solutions infrastructure solutions. Providing efficient and sustainable construction methods accompanied by ability to offer effective planning, designing, & integrating are key factors fueling civil engineering industry demand.
Rising need for technology and policy investment owing to provide smart grids, urban mobility, industry automation, water management and parking systems would favor civil engineering scope in various industries. North America and Europe are foreseen to be the major contributors as the industry expects around 50% global smart cities would be located in these regions.
A surge in the numbers of green buildings, sensor-embedded buildings, geopolymer concrete, sensor-embedded roads, water management adoption should stimulate growth. Global smart cities trend is expanding with commissioned projects moving from 170 in 2013 to 235 in 2016.
By 2013, smart city construction had become a movement of urban development resulting in 193 approved pilot projects in the country. IBM’s proposition of smarter cities resulted in the government approval of USD 599 billion investment in infrastructure and social welfare.
Increasing spending to improve residential, commercial, and industrial infrastructure along with aim for energy conservation initiatives should drive civil engineering market growth. Moreover, non-residential and institutional sector expansion owing to improved government & state finances have fueled industry expansion. According to ASCE, the U.S. non-residential construction registered 12.4% growth owing to increase in public funding and reduction in steel, iron, copper, and natural gas prices in 2015.
Stringent regulations related to safety and prevention of potential risks and hazards will continue to draw in more customer spending. Regulatory amendments in the laws and standards for building access, pool fences & safety laws, plumbing, sustainable housing, fire safety, industrial, agricultural buildings, and workshops would support civil engineering market growth.
Key players in the industry are progressively investing in innovative solutions for increased efficiency, cost optimization and revenue gains. These construction companies’ investment plans reveal an investment of around 5% of the annual profits in digital solutions over the forecast timeframe for gaining a competitive edge over the competitors. Customer satisfaction is driving new initiatives in most organizations and appropriate instrumentation and automation in this industry.
Adopting Building Information Modeling systems (BIM) for automating designing & engineering efforts and providing important information for site workers from distant design centers are among the most advanced ways to curb expenditure.
Stringent and time-consuming procedures in the tender procurement, such as administrative approval, delayed payments to the contractors along with existing corruption levels in different regional segments, are projected to pose a major threat. Longer projects duration, improper estimations and increased infrastructure cost may affect civil engineering market price trend.
Civil Engineering Market, By Application
Residential buildings market size was generated over USD 5,600 billion business in 2015. Rising disposable income coupled with government support for better and accessible services are key factors driving industry growth.
Transportation industry may witness gains at over 2%. Strong government initiative outlook owing to growing demand to provide better road facilities should fuel industry in this segment.
Industrial infrastructure is foreseen to witness significant growth owing to government spending in building dams, bridges and roads to cater product demand. Various industries such as nuclear, automotive, energy, food & beverages, leisure & hospitality should propel civil engineering market growth.
Civil Engineering Market, By Customer Group
Civil engineering based government purchases was valued at over USD 4,080 billion business in 2015. Growing civil facilities demand to boost industrialization along with electoral pressure to offer quality infrastructure should drive industry growth.
Private business customer analysis segment may witness growth at over 4.1%. Growing housing demand along with various companies’ expansion strategy and government policies to drive demand in this segment.
Civil Engineering Market, By Region
China civil engineering market size generated over USD 3,400 billion business in 2015. High population in china and India accompanied by construction industry expansion has driven industry growth. In addition, strong government spending outlook in these regions to provide infrastructure should fuel product demand. Industrialization and rising construction expenses in China, India, Thailand, Indonesia, Malaysia and Philippines are primarily driving the need for better infrastructure.
U.S. is foreseen witness above average gains and register USD 1830 billion by 2025. Increasing expenditure on construction to improve residential, commercial and industrial infrastructure in the region and energy conservation initiatives may drive civil engineering market growth.
Russia civil engineering market share may witness gains at over 2.5%. Various industries including oil & gas, metallurgical and mining may drive industry growth. Rising disposable income coupled with increasing better amenities demand may benefit overall market in Central and South America.
Competitive Market Share
Global civil engineering market share is focusing on offering services that increase delivery speed and provide control on projects. Key market players includes HDR, URS Corporation, Foster Wheeler and US Army Corps of Engineers.
Other industrial participants include AECOM Technology, Galfar Engineering & Contracting SAOG, Jacobs Engineering Group, Kentz, SNC-Lavalin’s, Fluor Corporation and CH2M Hill.
Civil Engineering Industry Background
Civil engineering deals with design, construction and maintenance of the physical and naturally built environment. They find applications in public and private sectors. Governments are focusing on infrastruction and building segments.
Favorable regulations about safety and prevention for hazards are proving beneficial for the overall industry growth. Customers are spending more on designing and planning to make construction spending free from probable risks.
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