Global Civil Engineering Market by Application (Real Estate, Infrastructure), by Customers (Govt., Private), by Services (Planning & Design, Construction) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global civil engineering market value was USD 7.74 trillion in 2020. It is expected to grow at 5.7% compound annual growth rate (CAGR), between 2021 and 2028. Market growth is expected to be driven by rapid industrialization and urbanization in emerging countries, as well as a growing focus on developing high-quality infrastructure globally. The growth of the construction sector is expected to be boosted by the increasing number of capital projects and infrastructure. This will in turn drive product demand for the period. The real property segment is expected to grow due to rising consumer disposable income in emerging countries. This will drive the industry's growth.

China's market is expected to experience high growth due to the rapid development in application industries, including real estate and infrastructure. Market growth is expected to be driven by the expansion of the commercial and industrial sectors, as well as a rise in demand for planning and designing services in China over the forecast period.

The Asia Pacific market is expected to grow rapidly due to rapid urbanization and increasing industrial manufacturing activity in emerging economies like China, India, South Korea, and India. The market growth will also be boosted by rising consumer disposable income in the region.

Global demand for better transportation systems is expected to increase with the increasing urban population. Globally, economies are working on various strategies to meet this demand. This will create many growth opportunities for the global marketplace.

Services Insights

Construction services dominated the market, accounting for over 27% of global revenue in 2020. The civil engineering market is expected to grow due to the increasing demand for different rail structures, tunnels and bridges and other civil works, as well as traffic problems and growing population.

Due to the presence in the market of many well-established global civil engineers, the planning & designing service segment will see the highest CAGR. Planning and design are essential parts of any construction project. They ensure that the design and construction processes are seamlessly integrated.

Maintaining a structure is an important part of civil engineering. It helps to extend its life span and prevent losses. This includes everything from cleaning up and repairing to replacing. Market growth will be supported by an increase in maintenance and redevelopment projects around the world.

Services include retrofitting, reconstruction and modifications to existing structures. Market growth is expected to be supported by an increase in renovation activities due to the increasing need to extend the life of structures. The market growth will also be driven by the increasing use of energy-efficient products.

Application Insights

In 2020, the real estate segment represented over 41% of global revenue. It is expected to see significant growth in the future. Housing construction is recovering, with both renovations and new constructions. Consumer confidence and purchasing power are rising. This will lead to overall market growth.

From 2021 to 2028, the fastest CAGR is expected to be in infrastructure. Segment growth is expected to be driven by increasing public and private investment in infrastructure projects, including roads, railways, airports, waterways and other. The growth in infrastructure applications is expected to be driven by a growing interest in the design and construction of flexible infrastructure.

The forecast period will see a 5.9% increase in industrial application. The rising demand worldwide for civil engineering services will be fueled by the increasing manufacturing activity and rising demand for industrial infrastructure, including R&D, manufacturing, process facilities, warehouses, as well as R&D.

Market players in the engineering, design, and construction of industrial facilities offer a wide range of services to manufacturing firms, the oil and gas industry, power generation, energy & aviation, and many other industries. This will drive the industry's growth over the forecast period.

Customers Insights

The market's largest segment, the government customers, accounted for 41% of global revenue share in 2020. The segment is expected to grow due to favorable government policies that encourage the development of roads and railways, as well the renovation and maintenance of public infrastructure buildings.

The market will be affected by rising public spending on housing projects and increasing investments in renovation and new construction. There are a number of government programs and policies that support the development of nonresidential construction, as well as rising public investments in the nonresidential segment.

Civil engineering services are also very popular with the private sector. This includes individuals and contractors as well as real estate developers. The rising demand for civil engineering services by private institutions is evident in the increasing investment of private companies in construction activities, including the development and maintenance of new schools and healthcare centers.

Major infrastructure projects depend on both private and public funds. These projects are jointly managed by public and private companies. This encourages the private sector to invest in infrastructure projects with high budget.

Regional Insights

Asia Pacific was the dominant market, accounting for 32% of global revenue in 2020. This is due to the availability low-cost labor in countries like India and China. Due to rising demand for commercial and industrial construction, the regional market will continue to expand at a steady CAGR between 2021 and 2028.

North America's market is dominated by the U.S. due to its highly developed manufacturing sector, government initiatives to create social infrastructure, and the increased demand from residential sectors.

Positive signs regarding public and private debt are contributing to the growth of Europe's construction industry, which is expected to drive market growth. Market growth will also be supported by the increasing demand for commercial construction within the region.

The region's market growth will be driven by a rising number of refurbishment and construction activities in key sectors such as offices and the educational sector. Industry growth will also be supported by the projected increase in residential construction due to the rising rate of immigration.

Market Share Insights & Key Companies

Due to the capital-intensive nature the market, market players should expect to see a low risk of new entrants. These key players have the most advanced technology and machinery available to provide engineering solutions. This requires a large initial investment. The rising demand for innovative solutions will open up new markets for market players.

Large players hold a large market share in terms of revenue through both domestic and international projects. These companies often participate in mergers and acquisitions to increase their industry share. The following are some of the most prominent players in global civil engineering markets:

• AECOM

• Amec Foster Wheeler plc

• United States Army Corps of Engineers

• SNC-Lavalin

• Fluor Corporation

• HDR, Inc.

• Tetra Tech, Inc.

• Stantec, Inc.

Up Market Research published a new report titled “Civil Engineering Market research report which is segmented by Application (Real Estate, Infrastructure), by Customers (Govt., Private), by Services (Planning & Design, Construction), By Players/Companies Tetra Tech Inc, Stantec Inc, HDR Inc, Amec Foster Wheeler plc, SNC-Lavalin, United States Army Corps of Engineers, Fluor Corporation, AECOM”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Civil Engineering Market Report Segments:

The market is segmented by Application (Real Estate, Infrastructure), by Customers (Govt., Private), by Services (Planning & Design, Construction).

Civil Engineering Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Civil Engineering Market

Overview of the regional outlook of the Civil Engineering Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Civil Engineering Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Civil Engineering Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Real Estate

                2. Infrastructure

                1. Govt.

                2. Private

                1. Planning & Design

                2. Construction

9. Market scenario by region, sub-region, and country.
10. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
11. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
12. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Civil Engineering Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the Civil Engineering Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.