Civil Engineering Market Growth 2022-27: Industry Trends


Civil Engineering Market Growth 2022-27: Industry Trends



According to the latest report by IMARC Group, titled “Civil Engineering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global civil engineering market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global civil engineering market reached a value of US$ 8.38 Trillion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.71 Trillion by 2027, exhibiting a CAGR of 5.60% during 2022-2027.

Industry Overview and Application :

A work in civil engineering involves organising, creating, constructing, maintaining, and carrying out public-benefitting structural works. It encompasses managing physical and naturally created environments, including roads, bridges, canals, dams, airports, sewage systems, pipelines, and trains, and constructing, managing, and geotechnical projects. In addition to this, there has been an increase in the demand for civil engineers to build schools, hospitals, seaports, airports, private offices, canals, residential constructions, and commercial sectors.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Civil Engineering Market Trends and Drivers:

The market is primarily driven by the escalating demand for luxurious residential properties. This can be attributed to the inflating income levels of consumers, rise in population and rapid urbanization.

Moreover, the leading market players are entering into public-private partnerships (PPP) to target multiple industry models and incorporate digital transformation in construction activities. Apart from this, various projects undertaken by governments of different countries to develop smart cities and improve existing infrastructure is further propelling the market growth.

This, coupled with the rising adoption of connected construction and modularization strategies by civil engineering companies to boost operational efficiency and improve productivity, is another major growth-inducing factor.

Civil Engineering Market Report Scope
Report Coverage Details
Market size value in 2021 US$ 8.38 Trillion
Market forecast in 2027 US$ 11.71 Trillion
Growth Rate CAGR of 5.60% from 2022 to 2027
Base year for estimation 2021
Historical data 2016-2021
Forecast period 2022-2027

Global Civil Engineering Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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. and Vinci SA.

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The report has segmented the market on the basis of region, service type, application and end user.

Breakup by Service Type:

  • Planning and Design
  • Construction
  • Maintenance
  • Others

Breakup by Application:

  • Real Estate
  • Infrastructure
  • Industrial

Market 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

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 Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

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

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IMARC’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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