Civil Engineering Market Overview

The global civil engineering market is projected to reach a valuation of USD 13146.71 billion by 2032 at a CAGR of 4.8%, from USD 7,849.520 billion in 2021.

civil Engineering Market growth will be driven by the rapid industrialization and urbanization of emerging economies, in conjunction with a greater focus on high-quality infrastructure development worldwide.

A growing number of infrastructure and capital projects are expected to drive product demand and boost the revenue growth of this industry over the forecast period. The ‘Realty’ segment is also slated to grow as a result of rising consumer disposable incomes, particularly in emerging economies.

In the coming years, the private business sector will be strengthened by the rising finance and service provision of private institutions for various construction projects or building projects.

Global Civil Engineering Market

Services Analysis

On the basis of ‘Services‘, the ‘Construction’ segment remained this market’s largest segment, accounting for more than 26.8% of global revenues in 2021. Growth of the civil engineering market is expected to be driven by the greater demand for bridges, tunnels, and other civil structures due to increasing population figures and traffic-related discrepancies being observed around the world.

On account of the presence of several well-established global civil engineers in this market, the ‘Planning & Design Services’ segment is expected to register the fastest CAGR. Planning and designing are an integral part of any construction project. This ensures that design and construction work seamlessly together.

The maintenance of a structure, is an integral part of civil engineering. This helps prolong the life cycle of an edifice and avoids losses. Maintenance includes many tasks, from cleaning and repair to replacement. It is expected that there will be an increase in maintenance-related redevelopment projects all over the world, which in turn is slated to promote further market growth.

These services also include retrofitting and reconstruction as well as alterations to existing structures. This market is expected to grow on account of a greater need to extend the lifespan of existing structures. It is also expected that this market will be further driven by the growing number of construction-related products that are energy-efficient.

Construction services include the construction of various structures such as public infrastructure buildings, including healthcare facilities, railway stations, recreational parks and bus stations, community centers, commercial buildings, and residential buildings.

Application Analysis

With regards to ‘Application’, the ‘Real Estate’ segment accounted for 41.2% of total revenues in 2021. This segment is expected to experience significant growth over the forecast period. The recovery in housing construction sector, including renovations and new constructions, is being driven by growing consumer confidence and purchasing power. This in turn is slated to lead to better market growth prospects.

The fastest CAGR, between 2023 and 2032, is anticipated to be indexed by the ‘Infrastructure’ segment. This segment is expected to expand due to higher public and private investments in infrastructure projects such as roads, rails, airports, and waterways. A greater level of interest in flexible infrastructure design and development is also expected to drive growth of the ‘Infrastructure’ segment.

Over the forecast period, industrial applications are expected to grow at a rate of 5.4% CAGR. A greater demand for civil engineering services across the globe is expected due to the increase in manufacturing activities and a higher demand for industrial infrastructure such as R&D, manufacturing, as well as processing facilities in the coming years.

Market leaders in design, engineering and construction are now more capable of offering a wide variety of services to entities in manufacturing companies, the oil & gas industry, as well as those belonging to the energy & power, among other industries. This is slated to drive further industry growth over the forecast period.

The major growth factors of the business growth are affordable pricing, enhanced capacity, higher efficiency of building material.

Customers Analysis

On the grounds of customers, the ‘Government’ segment accounted for more than 40.7% of global revenues in 2021. Segment growth is anticipated to be aided by favorable government policies concerning the development and maintenance of road infrastructure and railways.

Markets around the world are slated to index a significant increase in public spending on housing projects, as well as higher investments towards new construction and renovation projects. Additionally, higher investments from the public sector towards the non-residential segment indicates that several government policies and initiatives supports non-residential projects.

The Private sector is a major end-user for civil engineering services like real estate developers, individuals, construction contractors. Private companies are investing more towards construction projects, such as housing developments and the development of new healthcare centers & schools. This is slated to lead to a greater demand for civil engineers from private institutions.

Major infrastructure projects are funded by both public and private investments, and usually work in conjunction with one another to create high-budget infrastructure projects.

Key Market Segments

Services

• Planning & Design
• Maintenance
• Construction
• Others

Application

• Real Estate
• Industrial
• Infrastructure

Customers

• Private
• Government
• Others

Market Dynamics

China’s market is slated to index rapid growth because of rapidly developing application industries such as real estate, infrastructure, and industrial, among others. This market is expected to grow due to the ongoing expansion of the industrial and commercial sector, along with an increase in the demand for planning and designing services.

Market growth in the Asia Pacific is expected to be boosted by rapid urbanization and increased industrial manufacturing activities in countries like China, India, and South Korea. Additionally, the demand for residential construction initiatives is expected to increase due to surging consumer disposable incomes, in turn further boosting market growth potential.

The global demand for better transportation is expected to increase with growing urban populations. This demand is expected to be met by many countries around the world, thus creating numerous growth opportunities in the process.

Regional Analysis

The Asia Pacific dominated this market and accounted for over 31.6% of global revenues in 2021. This is a direct result of the availability of cheap labor in developing economies like China and India. This market is expected to continue to grow at a steady CAGR between 2023-2032, owing to the greater demand for industrial and commercial infrastructure.

The leading market for this industry in North America is the United States. This is due to its extensive manufacturing industry, favorable government initiatives for social infrastructure development, and the increased demand from the residential sector. The region will benefit from rapid technological advancements and innovations in construction techniques, as well as significant digitalization trends.

Positive indicators in both public and private credit are contributing to the growth of Europe’s construction industry, which in turn is expected to boost market growth potential. This region’s growing demand for commercial buildings is expected to encourage market growth. Most of the companies also concentrate on minimizing operational costs, improving the building quality, and enhancing output efficiency.

Market growth is also expected to be driven by the increase in construction and refurbishment activities in offices, schools, hospitals, restaurants, transport buildings and online retail warehousing. The industry is even expected to grow due to an increasing number of urban residents and migrants.

Key Regions and Countries Covered іn This Rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Competitive Landscape

Existing market players are likely to witness a low level threat from new entrants due to the capital-intensive nature of this industry. Key players have access to innovative technologies and sophisticated machinery that are then leveraged to develop engineering solutions. However, market entry is expected to be facilitated by the ever-increasing demand for innovative solutions.

The major players in the civil engineering industry are AECOM, United States Army Corps of Engineers, Amec Foster Wheeler Plc, Tetra Tech, Inc., Jacobs Engineering Group, Inc., Fluor Corporation, Jacobs Engineering, and other civil engineering companies.

Major industry players are involved in both domestic and foreign projects. To increase civil engineering market share, these companies engage in strategic mergers & acquisitions.

Key Market Players

The following companies are prominent players in the global market for civil engineering:

• AECOM
• United States Army Corps of Engineers
• Amec Foster Wheeler Plc
• Tetra Tech, Inc.
• Fluor Corporation
• SNC-Lavalin
• Tetra Tech Inc.
• HDR Inc.
• Stantec Inc.
• Foster Wheeler
• Other Key Players