The global Civil Engineering Market size was USD 9.45 Trillion in 2022 and is expected to reach USD 14.66 Trillion in 2032, and register a revenue CAGR of 5% during the forecast period. The market revenue growth is a result of factors such increasing urbanization, rising government initiatives for smart city development, and rising need for infrastructure development.
Rapid urbanization and demand for effective transportation systems have increased the need for new infrastructure development projects, such as motorways, railways, airports, and bridges. Also, the civil engineering market revenue growth is a result of rising demand for environmentally friendly and sustainable infrastructure. As a result, green technology and materials are increasingly being used, such as recycled materials, energy-efficient lighting, and green roofs.
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Major Companies:
- Bechtel Corporation
- Fluor Corporation
- AECOM
- CH2M Hill Companies, Ltd.
- Kiewit Corporation
- Jacobs Engineering Group Inc.
- Laing O'Rourke
- Balfour Beatty plc
- Turner Construction Company
- Skanska AB
Strategic Development:
In 2021, AECOM and Kier Construction Limited announced a joint venture partnership to deliver the new £160m UK government-funded prison in Wellingborough. The project will provide over 1,680 modern and efficient prison places and is expected to be completed in 2024.
In 2020, Turner Construction Company announced that it had completed the construction of the world's largest solar-powered desalination plant in Saudi Arabia. The plant will provide clean water to over 60,000 people and will help reduce carbon emissions by 85,000 tons per year.
In 2019, Skanska AB announced a strategic partnership with IKEA to develop and build sustainable homes in the Nordic market. The partnership aims to reduce the carbon footprint of housing by 50% and to use locally sourced materials in the construction process.
Key questions addressed in the report:
- What is the expected market size of the global Civil Engineering market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Civil Engineering market?
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Civil Engineering Market Segmentation:
By Product Type Outlook:
- Concrete
- Steel
- Asphalt
By Application Outlook:
- Buildings
- Infrastructure for Transportation
- Water and Wastewater Management
- Energy and Power Infrastructure
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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