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Civil Engineering Market Size, Analysis, 2020-2027 | Industry Report

Civil Engineering Market Analysis Report By Service, By Application, By Customer And Segment Forecasts From 2020 To 2027

Report ID: MN17619723  |  Published: May 2020  |  No of Pages: 143
Format: Electronic (PDF)  |  Industry: Construction  |  Publisher: Grand View Research

Industry Insights

The global civil engineering market size was accounted for USD 8.73 trillion, in 2019 and is anticipated to grow at a CAGR of 5.4% over the forecast period of 2020 to 2027.The expansion of the real estate business promoting construction of multistoried apartments and single-family dwellings in developing countries of Asia Pacific region is projected to propel the market growth.

Rapidly increasing rate of urban population along with rising demand for their accommodation is one of the most important factors driving the market growth. Additionally, increasing infrastructural development supported by public-private partnerships in developing countries of Asia Pacific and Middle East is anticipated to boost the growth of the market.

U.S.civil Engineering market

Imposition of strict emission standards in course of construction activities in North America is anticipated to proliferate the demand for civil engineering services for in time completion of projects according to the requisite standards. Additionally, swift change of construction sector from using ordinary construction materials to green building materials is anticipated to have a positive impact on the growth of the market in the upcoming years.

Players functioning in the market are majorly concentrating on using green building materials because of the new concept of energy efficiency and tenable building structures. Additionally, constant introduction of innovative and new building materials and evolving technologies is also projected to facilitate profitable opportunities for the companies in the coming years. The market depends majorly on the developing construction industry, which further relies on the macroeconomic and microeconomic factors. Therefore, the market is highly susceptible to cyclic fluctuations owing to economic downturns in the construction industry.

Increasing adaptation of innovative digital technologies is anticipated to have a positive impact on the growth of civil engineering value chain all around the world. Hence, the evolution of advanced software and tools are projected to monitor the cost-effective and timely execution of construction projects in order to boost the market growth.

Service Insights

The segment of planning and design is anticipated to grow at the fastest CAGR of 6.1% over the forecast period, as it is one of the primary stages and important fundamental of civil engineering services and hence, mostly in demand. Additionally, increasing importance of in-time completion and cost-efficiency of projects is expected to propel the growth of the segment. Increasing usage of innovative and extraordinary construction materials like cross-laminated timber, glue-laminated timber and various other materials has driven the importance of planning and design as it plays an important role in successful completion of building projects with great structural integrity.

The construction segment dominated the market with 27.7% of share in 2019. Additionally, recent development of construction equipment and improvised materials have increased the construction capabilities of the players in the industry, thereby, enhancing their profits, which is likely to have a positive impact on the demand of services in the forecast period. Construction services encompass building various structures like public infrastructure consisting of healthcare facilities, recreational parks, bus stations, railway stations and community centers, commercial and residential buildings. Hence, the rising demand for housing and initiatives by the government to promote infrastructural development is anticipated to boost the growth of the segment.

Customer Insights

The government sector was the primary customer dominating the market with 41.6% of share in 2019 because of several favorable frameworks and policies. Further, governments across the globe are constantly putting in their efforts to provide affordable housing to the rapidly increasing population, thereby, propelling the growth of the market. Governments are working on improving the infrastructure in their own countries over the upcoming years. Further, local and state government in European countries are concerned with constructing a huge number of infrastructural projects.

The private sector consists of real estate developers, construction contractors and individuals that are the main stakeholders of this market. Rising investments by the private companies in construction activities like building new schools, housing projects and developing healthcare centers is anticipated to drive the growth of the market. The construction industry is observing a rise in modular construction as the buildings are constructed through offsite. These trends along with increasing number of public-private partnerships are anticipated to boost the demand for civil engineering services in this sector in the forecast period.

Application Insights

On the basis of application, the civil engineering market is segmented into infrastructure, industrial and real estate. The real estate application segment dominated the market with 41.9% of share in 2019 because of increasing demand for residential buildings, which is a result of rapid urbanization and increasing disposable income of majority of the population.

Usage of advanced equipment, processes and materials have considerably enhanced the efficiency. Additionally, it has led to affordable pricing and greater capacity of construction activities. Further, easy availability of financial and banking services owing to favorable government scheme is anticipated to promote the growth of the construction segment by 2027.

Global-civil-engineering-market

Infrastructure application segment is anticipated to grow at the fastest CAGR of 6.1% over the forecast period because of increase in government investment in infrastructures and buildings in developing countries. Further, the developed nations have recovered from the previous economic degradation, thereby, concentrating on renovating their old infrastructures. Developing flexible infrastructures with the help of design and development are expected to have a positive impact on the growth of the segment. Further, enhancement in technical skills of the workforce especially design engineers to use recent technologies is also anticipated to boost the growth.

Regional Insights

Asia Pacific dominated the market with 32.5% share in 2019 and is projected to grow steadily over the upcoming years. The regional market is dependent on easy availability of skilled labor at minimum cost and land, thereby, providing profitable growth opportunities for the market. Shift in international production landscape has helped many developing countries like India. Additionally, the previously mentioned factors about land and labor have benefitted the construction sector in South East Asian countries, thereby, propelling the growth of the market.

North America is anticipated to grow at a CAGR of 4% in the forecast period owing to increasing number of government initiatives to renovate old infrastructures. Additionally, emergence of improved construction technologies is anticipated to drive the regional market growth in the upcoming years.

Europe accounted for USD 2.33 trillion in 2019 and is considered to be the second largest market as the construction sector is one of the main contributors to the overall GDP for most of its countries. Additionally, positive indications in private and public debt are proliferating the growth of the industry and contributing in driving the regional market growth in the upcoming years.

Civil Engineering Market Share Insights

The major players in the industry include Amec Foster Wheeler plc; SNC-Lavalin; Jacobs Engineering Group, Inc.; AECOM; United States Army Corps of Engineers; and Galfar Engineering & Contracting SAOG. The players are majorly focused on introducing improved technologies like equipment and materials to build sustainable buildings. Most of the companies also concentrate on minimizing operational costs, improving the building quality and enhancing the output efficiency. Further, large investments in R&D for making energy and cost efficient designs is a factor giving companies a competitive edge over one another.

Report Scope

Attribute

Details

Base year for estimation

2019

Actual estimates/Historical data

2016 - 2018

Forecast period

2020 - 2027

Market representation

Revenue in USD Billion & CAGR from 2020 to 2027

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Report coverage        

Revenue forecast, company share, competitive landscape, growth factors and trends

Country Scope

U.S., Canada, Mexico, Germany, U.K., France, Italy, Russia, Spain, Turkey, China, India, Japan, Korea, Indonesia, Brazil, Argentina, Saudi Arabia, UAE, Qatar

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Million Insights has segmented the global civil engineering market report based on service, application, customer and region:

• Service Outlook (Revenue, USD Billion, 2016 - 2027)
    • Planning & Design
    • Construction
    • Maintenance
    • Others

• Application Outlook (Revenue, USD Billion, 2016 - 2027)
    • Real Estate
    • Infrastructure
    • Industrial

• Customer Outlook (Revenue, USD Billion, 2016 - 2027)
    • Government
    • Private
    • Others

• Regional Outlook (Revenue, USD Billion, 2016 - 2027)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • U.K.
        • France
        • Italy
        • Russia
        • Spain
        • Turkey
    • Asia Pacific
        • China
        • India
        • Japan
        • Korea
        • Indonesia
    • Central & South America
        • Brazil
        • Argentina
    • Middle East & Africa
        • Saudi Arabia
        • UAE
        • Qatar

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