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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Civil Engineering Market Outlook
The global civil engineering market stood at a value of nearly USD 8.75 trillion in 2023. The industry is expected to grow at a CAGR of 5.2% in the forecast period of 2024-2032, in terms of value.
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Increasing Demand for Civil Engineering Services to Bolster the Growth of the Civil Engineering Industry
Based on service, the construction segment accounts for a significant share in the market. Civil engineering has been the cornerstone for constructing the infrastructure of the modern society. Over the forecast period, the rigorous efforts made by civil engineers towards building hospitals, school, residential houses, apartments, and others, especially in developing economies of the world, are expected to aid the market growth. Meanwhile, the planning and design service segment is likely to account for a significant share in the market in the forecast period. This can be attributed to the rising standards of living, increasing disposable income, rising demand for luxurious and well-planned residential structures, and growing population, particularly in regions like the Asia Pacific.
Real Estate Segment is Likely to Propel the Market Growth
On the basis of application, the real estate segment accounted for a significant share in the market in the historical period and is likely to grow at a significant rate in the forecast period, owing to the high consumer trust and strong purchasing power. The market will further be aided by the availability of reliable brokers and the growing technological advancements.
The Asia Pacific Accounts for a Significant Share in the Market
The market in the Asia Pacific has been supported by the low labour cost in fast-growing economies like India, China, and Vietnam, among others. Over the forecast period, the rising population in the region, rapid urbanisation, and the need for enhancing the infrastructure of schools, hospitals, and various healthcare facilities are some of the factors which will bolster the market.
Civil Engineering: Market Segmentation
Civil engineering is defined as the branch of engineering which is focussed on the design, building, and repair of roads, bridges, and others. It is responsible for the construction of nearly every public and private structures. Dams, aqueducts, canals, highways, power plants, and sewerage systems, among others are the part of civil engineering.
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Based on service, the market is divided into:
- Planning and Design
- Construction
- Maintenance
- Others
It finds wide applications in:
- Real Estate
- Infrastructure
- Industrial
By customer, the market can be segmented into:
- Government
- Private
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The Growing Construction Activities and the Rapid Urbanisation to Boost the Growth of the Civil Engineering Industry
The global civil engineering industry is likely to be driven by the rapid urbanisation and industrialisation in developed or developing economies. The growing investments towards the development of high-quality infrastructure will drive the market growth. The growing worldwide population is likely to bolster the demand for residential buildings, shopping malls, theatres, and others, whose construction is possible only because of civil engineering.
Key Industry Players in the Global Civil Engineering Market
The report gives a detailed analysis of the following key players in the global civil engineering market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- AECOM
- Stantec, Inc.
- SNC-Lavalin Group
- Fluor Corporation
- HDR, Inc.
- Tetra Tech, Inc
- Amec Foster Wheeler plc
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Services |
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| Breakup by Application |
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| Breakup by Customers |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global civil engineering market attained a value of nearly USD 8.75 trillion.
The market is projected to grow at a CAGR of 5.2% between 2024 and 2032.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major market drivers include rising population with high inflating incomes, the increasing focus of developing economies to build high-quality infrastructure, and the robust growth of the real estate sector.
The key trends guiding the civil engineering market include the development of technologically advanced construction machinery and the increased government investments in infrastructural development.
The major civil engineering services considered in the market report are planning and design, construction, and maintenance.
The significant applications of civil engineering are real estate, infrastructure, and industrial.
The different customers considered in the market report are government and private, among others.
The major players in the market are AECOM, Stantec, Inc., SNC-Lavalin Group, Fluor Corporation, HDR, Inc., Tetra Tech, Inc, and Amec Foster Wheeler plc, among others.
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