Civil Engineering Market Report 2020 By Regional Insights, Trends, Revenue & Forecast To 2025
Category: #headlines  By Rahul Varpe  Date: 2020-05-19
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Civil Engineering Market Report 2020 By Regional Insights, Trends, Revenue & Forecast To 2025

The Civil Engineering Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure. 

The size of civil engineering market was registered at USD 9000 billion in the year 2018 and is anticipated to cross USD 12500 billion by 2025. Between the period 2019- 2025, the Civil Engineering Market is expected to register a CAGR of 4%. Rapid expansion of the transport infrastructure and surge in residential construction supported by public and private investments driving the civil engineering market. Increasing necessity for efficient management & movement of population across large metropolitan cities will support the industry development.

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Stringent regulations & policies pertaining to significant reduction in atmospheric GHG emission levels will provide a positive scope for the civil engineering market growth. Additionally, shifting manufacturers focus towards green building construction techniques supporting industry development. Surging consumer preferences toward environment-friendly materials will foster multiple opportunities for industry players over the projected timeframe.

Government purchases customer segment accounted for over 50% share of the overall civil engineering market in 2018. Increasing number of approvals for several frameworks & policies by various government bodies across the globe will augment the segment growth.

Additionally, easy affordability of residential spaces to the lower middle-class population coupled with large-scale investments for the improvement of numerous public infrastructures will propel the segment growth. Residential buildings application will witness significant gains over the projected time frame. Increasing population and rapid urbanization in the developing economies such as South Africa, Saudi Arabia, and India will propel the industry size. Rising consumer disposable income along with the provision of low interest rates by banks on housing loans will support the industry expansion over the projected timeframe.

Industry Growth drivers – 

  • Companies as the spearhead of transformation
  • Government regulations & policies supporting civil engineering market growth
  • Rapid expansion of smart cities across the globe

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Asia Pacific is anticipated to surpass USD 5.5 trillion in the overall civil engineering market by 2025. Major government spending & initiatives on several mega projects in the key metropolitan cities across the region will provide positive scope for the business expansion. Increasing demand for domestic construction activities along with rising disposable income, constant policy support, and lower labor costs will provide a strong outlook for the civil engineering market across the region.

Civil engineering market is competitive in nature owing to the presence of several global and regional players. Major companies present in the industry include AECOM, Jacobs, Vinci Construction, Hochtief Ag, Boyugues Construction, Acs Actividades De Contruccion Y Servicios, S.A., Bechtel Corporation, and Hyundai Engineering and Construction Co. Ltd. Other prominent players include Power Construction Corporation of China Ltd., Construtora Noberto Odebrecht S. A., Strabag SE, Kiewit Corporation, Balfour Beatty PLC, and Skanska.

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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