Home > Construction > Civil Engineering Market

Civil Engineering Market Trends

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

Download Free Sample

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.

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.