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Civil Engineering Market Size - By Customer Group (Government Purchase, Private Business), By Application (Residential Buildings, Energy, Industrial Infrastructure, Transport) & Global Forecast, 2023-2032

  • Report ID: GMI804
  • Published Date: Aug 2023
  • Report Format: PDF

Civil Engineering Market Size

Civil Engineering Market size is estimated to register 4% CAGR from 2023 to 2032, owing to the ongoing efforts to replace and upgrade the aging infrastructure across major countries worldwide.
 

Civil Engineering Market

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The intensifying rate of urbanization and the surging inclination of communities on dependable infrastructure has led to the surging demand for skilled civil engineers to address the rising construction activities. Lately, civil engineers are leveraging their expertise to assess the condition of existing structures and design innovative replacements for overseeing construction. The rising replacement of aging infrastructure not only enhances safety and functionality but also offers an opportunity to integrate sustainable practices for incorporating modern materials and technologies to extend the lifespan of the new structures. The growing government support to allocate resources to address these challenges will also add to the market growth.

 

Civil Engineering Market Growth Drivers and Restraints

The rapid rate of urbanization across major developing countries has fueled the demand for construction and modernization of infrastructure, further driving the market growth. The increasing focus on eco-friendly construction practices has propelled the adoption of sustainable materials and designs, leading to the growth of civil engineering projects. Furthermore, the need for specialized expertise to match the complexity of modern infrastructure demands along with the lagging new talent acquisition and retirement of experienced personnel may lead to sluggish industry expansion.
 

COVID-19 Impact

The COVID-19 pandemic negatively impacted the civil engineering market, causing disruptions in various aspects. Lockdowns and supply chain interruptions delayed projects, while safety protocols added operational complexities. The rising diversion of funds to healthcare by various governments gave rise to budget constraints. However, the surged digital adoption and higher prominence of Building Information Modeling (BIM) and virtual tools during the pandemic combined with the rising infrastructure investments due to the recovering economies contributed to the industry growth.
 

Civil Engineering Market Trends

The civil engineering market is set to observe substantial growth attributed to the ongoing development of smart cities and the proliferation of IoT technology. With intensifying urbanization, the demand for efficient, connected urban environments is witnessing significant rise. Civil engineers play pivotal role in designing and implementing smart infrastructure, including smart transportation systems, energy-efficient buildings, and real-time data networks. IoT integration enhances resource utilization, traffic management, and public services, resulting in improved quality of life for urban dwellers. The synergy between civil engineering expertise and technological innovation in smart cities will also foster the market expansion.
 

Civil Engineering Market Analysis

The government purchase segment capture approximately 50% share of the civil engineering market and is anticipated to expand at notable CAGR from 2023 to 2032. The segment growth is attributed to the stable political environment along with the improved regulations and norms for construction activities. In May 2023, the Biden-Harris administration announced more than $220 billion in funding under the Bipartisan Infrastructure Law, for funding more than 32,000 individual projects and awards in 4,500 American cities. Such large-scale investments for the improvement of various public infrastructures in conjunction with most of the asset and capital possession by government bodies will support the segment growth.
 

Civil engineering market from the transport application segment is poised to attain nearly 3.5% gains through 2032, owing to the rising demand for efficient transportation networks, encompassing roads, bridges, railways, and airports. Rapid urbanization and increasing mobility requirements have necessitated modern, well-designed transport infrastructure to enhance connectivity and reduce congestion. Moreover, massive investments from governments and private entities for upgrading and expanding transportation systems will contribute to the segment expansion.
 

North America civil engineering market will exhibit a growth rate of 5% up to 2032, driven by increasing urbanization coupled with the higher need for infrastructure modernization. Numerous governmental initiatives to invest in transportation networks, renewable energy projects, and smart city solutions are creating ample opportunities for industry players, further propelling the market outlook.
 

Civil Engineering Market Share

Some of the leading companies operating in the civil engineering market are

  • Technip
  • AECOM
  • Vinci Construction
  • Hyundai Engineering & Construction Co., Ltd.
  • Royal BAM Group NV.

Other notable participants include

  • ACS Actividades de Construcción y Servicios
  • Jacobs
  • Skanska
  • Bouygues Construction SA
  • Balfour Beatty PLC.
  • Fluor Corporation

     

Civil Engineering Industry News

  • In July 2022, Balfour Beatty became the first construction business in the U.K. to use automated cone laying machines, a ground-breaking technology designed for minimizing the hazards associated with cone-laying activities throughout its highway operations.
     

This market research report civil engineering includes in-depth coverage of the industry with estimates & forecast in terms of volume in million tons & revenue in USD billion from 2023 to 2032 for the following segments:

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By Customer Group

  • Government Purchase
  • Private Business

By Application

  • Residential Buildings
  • Energy
  • Industrial Infrastructure
  • Transport

Market by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Poland
    • Russia
    • Belarus
    • Kazakhstan
    • Armenia
    • Kyrgyzstan
    • Azerbaijan
    • Moldova
    • Tajikistan
    • Turkmenistan
    • Ukraine
    • Uzbekistan
  • Asia pacific
    • China
    • India
    • Japan
    • Malaysia
    • Thailand
    • Indonesia
    • Australia
    • South Korea
    • Vietnam
  • Latin America
    • Brazil
    • Argentina
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global market size for civil engineering is projected to witness more than 4% CAGR from 2023 to 2032, driven by the ongoing efforts to replace and upgrade the aging infrastructure across major countries worldwide.
Civil engineering market size from the transport application segment is predicted to expand at over 3.5% CAGR from 2023 to 2032, owing to rising demand for efficient transportation networks, encompassing roads, bridges, railways, and airports.
North America civil engineering industry will exhibit considerable growth at more than 5% CAGR from 2023-2032 attributed to the increasing urbanization and the higher need for infrastructure modernization.
Some of the top companies operating in market are Technip, AECOM, Vinci Construction, Hyundai Engineering & Construction Co., Ltd., Royal BAM Group NV, ACS Actividades de Construcción y Servicios, Jacobs, Skanska, Bouygues Construction SA, and Balfour Beatty PLC.

Civil Engineering Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 19
  • Tables & Figures: 295
  • Countries covered: 33
  • Pages: 300
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