IMARC Group, a leading market research company, has recently releases report titled “Civil Engineering Market Report by Service Type (Planning and Design, Construction, Maintenance, and Others), Application (Real Estate, Infrastructure, Industrial), End User (Government, Private, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global civil engineering market share.
How Big is the Civil Engineering Market?
The global civil engineering market size reached US$ 9.4 Trillion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.4 Trillion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032.
Industry Overview of Civil Engineering
Civil engineering encompasses the specialized field involving the strategic processes of conceptualizing, outlining, constructing, and preserving a variety of edifices. Its scope extends to the aerospace sector, where it is utilized in the development of commercial airplanes, airports, and space stations. Additionally, it plays an intensive role in the automotive industry by enhancing the chassis's load-bearing capacity and fortifying the resilience of bumpers and doors to impacts. Presently, there is a notable surge in demand for civil engineers worldwide, as they are needed to establish educational institutions, medical facilities, private offices, water transport routes, harbors, ports, residential buildings, and infrastructure systems for electricity, clean water, and energy distribution.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/civil-engineering-market/requestsample
What are the growth prospects and trends in the civil engineering industry?
The demand for luxury residential properties is on the rise due to numerous factors, such as increasing disposable incomes, rapid urbanization, and a growing global population. This trend is contributing significantly to the growth of the civil engineering market. Moreover, many countries governments are initiating projects to develop smart cities and enhance existing infrastructure, which is having a positive impact on the market.
Civil engineering companies are also adopting several other innovative technologies like connected construction and modularization strategies to improve operational efficiency and productivity. Major players in the industry are further forming public-private partnerships (PPP) to explore different business models and accelerate the digital transformation of construction activities.
In addition to this, various advanced materials, such as durable high-strength concrete, geosynthetics, geotextiles, fire-resistant timbers, and self-healing items, are being incorporated, leading to increased application of civil engineering in industries like oil and gas, chemical, power, and utilities worldwide.
Leading Companies Operating in the Global Civil Engineering Industry:
- ACS Actividades de Construcción y Servicios S.A.
- AECOM
- Fluor Corporation
- Hyundai Engineering and Construction Co. Ltd. (Hyundai Motor Company)
- Jacobs Engineering Group Inc.
- Laing O'Rourke
- Power Construction Corporation of China Ltd.
- Royal BAM Group nv
- Saipem S.p.A. (Eni S.p.A.)
- Strabag SE (Basalt-Actien-Gesellschaft)
- Tetra Tech Inc.
- Vinci SA.
Civil Engineering Market Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Service Type:
- Planning and Design
- Construction
- Maintenance
- Others
Breakup by Application:
- Real Estate
- Infrastructure
- Industrial
Breakup by End User:
- Government
- Private
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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