Global Civil Engineering Market Size, Share, Growth Report, 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Civil Engineering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global civil engineering market size, share, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Civil Engineering
Civil engineering encompasses the design, construction, and maintenance of critical infrastructure, including buildings, bridges, roads, dams, and airports. It focuses on optimizing the utilization of resources and ensuring the safety and functionality of structures and systems. It assists in developing structures and systems that are resilient to natural disasters, such as earthquakes, floods, and hurricanes, reducing the risk to human life and property. It is incorporating sustainable practices to minimize their environmental footprint, such as designing green buildings, using eco-friendly materials, and implementing energy-efficient technologies to reduce pollution and conserve resources.
How Big Is the Civil Engineering Market?
The global civil engineering market size reached US$ 8.9 Trillion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.5 Trillion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
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What are the growth prospects and trends in the civil engineering industry?
At present, the increasing construction of new infrastructure, such as housing, transportation networks, and utilities, to accommodate the expanding urban population represents one of the key factors supporting the growth of the market.
Furthermore, the rising demand for sustainable and environmentally friendly solutions is steering the industry towards innovative practices like green building design and the implementation of renewable energy sources in construction projects. Additionally, technological advancements in the civil engineering sector, such as building information modeling (BIM) and geographic information systems (GIS), are enhancing efficiency and accuracy in project development.
Moreover, the growing emphasis on resilience against natural disasters and climate change impacts is fostering the development of robust infrastructure that can withstand environmental challenges.
What is included in market 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
Who are the key players operating in the industry?
The report covers the major market players including:
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.
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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