Civil engineering market size worth US$11.71 trillion by 2027 at a CAGR of 5.60% – IMARC Group – Designer Women
The global civil engineering market size reached a value of US$8.38 trillion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$11.71 trillion by 2027, showing a CAGR by 5.60% over the period 2022-2027.
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Civil engineering is a profession of planning, design, construction, maintenance and execution of structural works in the service of the public. It involves architectural, structural, transportation, construction, management and geotechnical projects to maintain physical and natural environments, such as roads, bridges, canals, dams, airports, sewage systems, pipelines and railways. In addition to this, there has been a growing need for civil engineers to create schools, hospitals, seaports, airports, private offices, waterways, residential structures, and commercial industries.
Civil Engineering Market Trends and Drivers:
The market is mainly driven by the growing demand for luxury residential properties. This can be attributed to inflation in consumer income levels, increasing population and rapid urbanization.
Additionally, major market players are entering into public-private partnerships (PPPs) to target multiple industry models and embed digital transformation in construction activities. Apart from this, various projects undertaken by governments of different countries to develop smart cities and improve existing infrastructure further propel the growth of the market.
This, coupled with the increasing adoption of connected construction and modularization strategies by civil engineering companies to increase operational efficiency and improve productivity, is another major growth driver.
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|Civil engineering market Report scope|
|Market size value in 2021||US$8.38 trillion|
|Market forecast in 2027||US$11.71 trillion|
|Rate of growth||CAGR of 5.60% from 2022 to 2027|
|Base year for the estimate||2021|
2022-2027 Global Civil Engineering Market Analysis and Segmentation:
The competitive landscape of the market has been studied in the report along with the detailed profiles of key players operating in the market.
Some of these major key players include:
ACS Actividades de Construcción y Servicios SA, 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 SpA (Eni SpA), Strabag SE (Basalt-Actien-Gesellschaft), Tetra Tech Inc .and Vinci SA.
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The report has segmented the market based on region, service type, application, and end user.
Breakdown by type of service:
- Planning and design
Breakdown by application:
Breakdown by end user:
Breakdown 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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Main 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
- Complete 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 part of the customization.
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