Civil Engineering Market Analysis

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.