Civil Engineering Market Size, Share & Trends Report

Civil Engineering Market Size, Share & Trends Analysis Report By Services (Planning & Design, Construction), By Application (Real Estate, Infrastructure), By Customers (Govt., Private), By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Mar, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-1-68038-131-3
  • Format: Electronic (PDF)
  • Historical Data: 2017 - 2020
  • Number of Pages: 145

Report Overview

The global civil engineering market size was valued at USD 7.74 trillion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028. Rapid industrialization & urbanization in emerging economies coupled with the growing focus on the development of high-quality infrastructure worldwide is anticipated to drive market growth. An increasing number of infrastructure and capital projects is projected to boost the growth of the construction segment, which, in turn, is expected to drive the product demand over the forecast period. Increasing consumer disposable income in emerging economies is anticipated to drive the real estate segment, thereby driving the growth of the industry.

China civil engineering market size, by services, 2017 - 2028 (USD Trillion)

The market in China is expected to exhibit high growth on account of the rapid development of application industries including real estate, infrastructure, and industrial. Expansion of the industrial and commercial sectors coupled with a surge in demand for planning & designing services in the country is projected to promote market growth over the forecast period.

Rapid urbanization along with increasing industrial manufacturing activities in emerging economies including China, India, and South Korea are anticipated to boost the market growth in the Asia Pacific. In addition, rising consumer disposable income levels in the region are anticipated to propel the demand for residential constructions, which is further projected to boost the market growth.

Increasing urban population is expected to result in global demand for a better transportation system. Economies across the globe are developing various plans to meet this demand, which is projected to create numerous growth opportunities for the global market.

Services Insights

The construction services segment led the market and accounted for more than 27% share of the global revenue in 2020. Increasing demand for various rail structures, tunnels, bridges, and other civil works on account of the growing population and traffic issues across the globe is anticipated to propel the civil engineering market growth.

The planning & design service segment is anticipated to witness the fastest CAGR over the forecast period owing to the presence of multiple well-established global civil engineering companies in the market. Planning & design is an essential part of any construction project, which ensures the proper integration of the design and construction process.

The maintenance of a structure is an essential part of civil engineering to prolong the life cycle of a structure and to avoid losses. It includes a number of tasks from cleaning and repairing to replacements. An increasing number of maintenance and redevelopment projects across the globe is anticipated to promote market growth.

Other services include renovation activities, retrofitting, reconstruction, and alterations made to the existing structure. Increasing renovation activities owing to the rising need to prolong the life of a structure is expected to aid the market growth. In addition, the rising number of installations of energy-efficient products is anticipated to further drive the growth.

Application Insights

The real estate segment accounted for over 41% share of the global revenue in 2020 and is expected to witness significant growth over the forecast period. Rising purchasing power and consumer confidence are fueling the recovery of housing construction including both new constructions as well as renovation. This is expected to result in overall market growth.

Global civil engineering market share, by application, 2020 (%)

The infrastructure segment is estimated to register the fastest CAGR from 2021 to 2028. Increasing public and private investments in the infrastructure projects development including railways, roads, airports, waterways, and others are projected to drive segment growth over the forecast period. In addition, a rising inclination towards the design and development of flexible infrastructure is expected to propel the infrastructure application growth.

Industrial application is expected to witness a significant growth rate of 5.9% over the forecast period. Increasing manufacturing activities coupled with rising demand for industrial infrastructure including R&D, manufacturing, processing facilities as well as warehouses are expected to result in the rising demand for civil engineering services across the globe.

The market players involved in engineering, design and construction of industrial facilities offer a broad range of services to manufacturing companies, the oil & gas industry, energy & power, aviation, and several other industries for the development and maintenance, thereby driving the industry growth over the forecast period.

Customers Insights

The government customers segment led the market and accounted for more than 41% of the global revenue share in 2020. Favorable government policies for the development of railways and road infrastructure, as well as the renovation of public infrastructure buildings and their maintenance, are projected to benefit the segment growth.

Rising public spending in housing projects with the increasing investments in new construction and renovation is expected to have a major impact on the market across the globe. In addition, rising investments from the public sector in the non-residential segment suggest several government programs and policies supporting the development of non-residential construction.

The private sector, including construction contractors, individuals, and real estate developers are, is also a major customer of civil engineering services. Increasing investment by private companies in construction activities including housing projects and the development of healthcare centers & new schools indicates the rising demand for civil engineering services from private institutions.

Major infrastructure projects rely on both public and private funds. The projects, which are conducted jointly between public and private companies encourage the private sector to engage in high-budget infrastructure projects.

Regional Insights

Asia Pacific dominated the market and accounted for over 32% share of the global revenue in 2020 owing to the availability of low-cost labor in economies including China, India, and others. The regional market will expand further at a steady CAGR from 2021 to 2028 due to the rising demand for industrial and commercial construction.

The market in North America is led by the U.S. owing to the presence of an extensively developed manufacturing industry, government initiatives to develop social infrastructure, and increased demand from the residential sector.

Positive signs in public and private debt are contributing toward the growth of the construction industry in Europe, which, in turn, is expected to boost market growth. In addition, the rising demand for commercial construction in the region is projected to promote market growth.

A rising number of construction and refurbishment activities in key sectors, such as offices, the educational sector, hotels, restaurants, transport buildings, and online retail warehousing, is anticipated to fuel the market growth in the region. In addition, the growing residential sector on account of the increasing rate of immigration is projected to promote industry growth.

Key Companies & Market Share Insights

The market players are expected to witness a low threat of new entrants owing to the capital-intensive nature of the market. The key players are well-equipped with innovative technologies and advanced machinery to offer engineering solutions, which requires a high initial investment. However, the rising demand for innovative solutions is expected to open new avenues for market entrants.

Major players have a significant market share, in terms of revenue, through domestic and international projects. The companies are involved in mergers & acquisitions to enhance their industry share. Some prominent players in the global civil engineering market include:

  • AECOM

  • Amec Foster Wheeler plc

  • United States Army Corps of Engineers

  • SNC-Lavalin

  • Fluor Corporation

  • HDR, Inc.

  • Tetra Tech, Inc.

  • Stantec, Inc.

Civil Engineering Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 8.29 trillion

Revenue forecast in 2028

USD 12.05 trillion

Growth rate

CAGR of 5.7% from 2021 to 2028

Base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD billion/trillion and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Services, application, customers, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; Russia; U.K.; China; India; Australia; Indonesia; Brazil; Saudi Arabia; UAE; Qatar

Key companies profiled

Aecom; Amec Foster Wheeler plc; United States Army Corps of Engineers; SNC-Lavalin; Fluor Corp.; HDR, Inc.; Tetra Tech, Inc.; Stantec, Inc.

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Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global civil engineering market report on the basis of services, application, customers, and region:

  • Services Outlook (Revenue, USD Billion, 2017 - 2028)

    • Planning & Design

    • Construction

    • Maintenance

    • Others

  • Application Outlook (Revenue, USD Billion, 2017 - 2028)

    • Real Estate

    • Infrastructure

    • Industrial

  • Customers Outlook (Revenue, USD Billion, 2017 - 2028)

    • Government

    • Private

    • Others

  • Regional Outlook (Revenue, USD Billion, 2017 - 2028)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • Russia

      • U.K.

    • Asia Pacific

      • China

      • India

      • Australia

      • Indonesia

    • Central & South America

      • Brazil

    • Middle East & Africa

      • Saudi Arabia

      • UAE

      • Qatar

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