Civil Engineering Market Size & Trends, Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Civil Engineering Market


The global Civil Engineering market size is projected to reach US$ 12802.4 billion by 2026, from US$ 9232.26 billion in 2020, at a CAGR of 5.6% during 2021-2026. The market is anticipated to be driven by an expanding residential sector in the emerging economies of Asia Pacific. Rapidly rising urban population, coupled with growing need to accommodate them is a key factor boosting this market. Ongoing infrastructural development has also favored the market, along with strict government regulations and rise in international investments in developing regions such as Asia Pacific and Middle East and Africa (MEA).

Regulations in Europe and North America regarding volatile organic compounds (VOC) emissions during construction processes is expected to boost demand for precast/prefabricated construction products in these regions. Companies involved in civil engineering all over the world are increasingly focusing on green building products thanks to growing awareness about the importance of eco-friendly products and energy efficiency. Introduction of new materials and technologies is expected to create lucrative opportunities for players over the next few years.

Various government regulatory frameworks, such as the International Building Code (IBC),are applied to new and existing buildings in order to track and register specific infrastructure w.r.t. government processes and control illegal and unethical construction practices.

The construction sector is a key segment within the market, driven largely by booming building and construction activities in Asia Pacific and MEA. This is supported by various international companies and associated service providers investing in these regions. India, China, Saudi Arabia, UAE, and other developing countries are expected to show significant growth in infrastructural development during the forecast period. Civil engineering is one of the most prominent and vital elements in regional development. Infrastructural development significantly depicts potential growth possibilities of any regions.

Market Segmentation, Outlook & Viewpoint: Global Civil Engineering Market

Service Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

  
Planning & Design
  
Construction
  
Maintenance
  
Others

Application Outlook (Revenue, USD Billion, 2014 - 2025)

  
Real Estate
  
Infrastructure
  
Industrial

Customer Market Segmentation & Outlook (Revenue, USD Billion, 2014 - 2025)

  
Government
  
Private
  
Others

Key Players, Recent Developments & Regional Insights: Global Civil Engineering Market

In terms of application, the industry has been classified into real estate, infrastructure, and industrial. The infrastructure and industrial segments are both poised to exhibit strong growth in the coming years. The real estate segment emerged dominant in 2017 owing to rise in demand for residential properties, resulting from a surge in urbanization and household income. The segment is expected to register a CAGR of 4.8% during the forecast period.

Growing focus on innovation in building materials is a recent trend within the construction sector, which is expected to shape civil engineering designs during the forecast period. Improved efficiency, greater capacity, and affordable pricing are some of the benefits of these new materials and will encourage their adoption in the sector. Moreover, availability of various banking and finance facilities is predicted to support segment growth by 2025.

Customer Insights

Government emerged as the dominant segment on the basis of customer and accounted for a 41.6% share in 2017 owing to various favorable policies and frameworks. Need for rapid industrialization to meet needs of ever-increasing population is likely to drive the segment to reach USD 5.01 trillion by 2025 at a CAGR of 5.5% over the forecast period. Governments around the world have also been making largescale investments to improve infrastructure in their respective countries and provide affordable housing to the population.

The private sector is poised to witness the fastest growth over the forecast period, fueled by availability of large funds. On an individual level, rise in consumer disposable income and increased spending on households will drive this segment.

Regional Insights

Asia Pacific is the largest regional market and is characterized by easy availability of land and skilled labor at low cost. Shift in global production landscape has favored emerging economies, particularly China and India, which is likely to influence market growth over the forecast period.

Most APAC countries are expected to witness high economic growth over the forecast period, despite slow growth in developed regions such as U.S. and Europe. Thriving construction sector is likely to drive the APAC market to register strong growth over the forecast period, exhibiting a CAGR of 5.2%.

Civil Engineering Market Share Insights

Global players dominate the industry and are majorly concentrated in Asia Pacific, North America, and Europe. Key manufacturers contribute over 40.0% to the global market for civil engineering, with a substantial share emerging from China and U.S. Pricing and other strategic project initiatives are highly dependent on top players.
Manufacturers focus on formulating innovative business strategies in order to maintain their position in the market, acquisitions being a vital growth tactic. Companies have been investing heavily in research and development facilities and are introducing innovative operations and practices.

Key Insights Covered: Global Civil Engineering Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Civil Engineering industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Civil Engineering industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Civil Engineering industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Civil Engineering industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Civil Engineering industry.

Research Methodology: Global Civil Engineering Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other