The Europe civil engineering market size is expected to reach USD 2,412.9 billion by 2025, accelerating at a CAGR of 2.7% over the forecast period, as per a new report by Grand View Research Inc. Increasing investments in R&D activities for the construction of energy-efficient buildings using technologies such as prefabricated modules in infrastructure and industrial projects are expected to drive the market growth over the forecast period.
Factors such as rising population due to an increase in immigration across economies and the growth of the refurbishing industry in the U.K. are expected to positively affect the market growth. Moreover, construction of new housings and specialized social and healthcare infrastructure across the region are projected to drive the growth of the civil engineering industry. The region is characterized by the abundance of raw materials coupled with the use of advanced construction techniques
The market is witnessing the use of innovative techniques such as pre-fabricated and pre-engineered buildings and advanced machinery. The adoption of such advanced design techniques by market players is expected to drive the growth of construction projects, which will, in turn, majorly impact the overall industry growth. AutoCAD, 3D Home Architect, STAAD Pro, and MS Office Suite are some of the majorly used software to design and manage civil engineering projects across the region.
The region is characterized by the abundant availability of raw materials coupled with the use of advanced construction techniques. The market in Russia is projected to register a slow growth rate over the forecast period due to the declining growth of construction industry in the country caused by economic crisis due to falling oil prices. A high number of refurbishing and renovation projects of existing infrastructure across Europe are expected to provide the necessary impetus to the industry growth over the forecast period.
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Further key findings from the report suggest:
Planning & design segment accounted for 20.4% of the revenue share in 2018 owing to its importance in construction sector to advance project performance and to generate a coordinated design in a complex construction
Infrastructure segment is expected to grow at a CAGR of 3.4% from 2019 to 2025 on account of factors including increasing public and private investments in the development of infrastructure projects such as railways, roads, airports, and waterways
Government segment was the dominant customer segment in 2018, accounting for 39.4% revenue share. It witnessed substantial growth over the historic period owing to government funding for the development of non-residential construction in European countries
Europe civil engineering market is characterized by the presence of well-established players with a strong financial base, thereby resulting in high entry barriers for new entrants.
Grand View Research has segmented the Europe civil engineering market on the basis of services, application, customers, and region:
Europe Civil Engineering Services Outlook (Revenue, USD Million, 2014 - 2025)
Planning & Design
Europe Civil Engineering Application Outlook (Revenue, USD Million, 2014 - 2025)
Europe Civil Engineering Customers Outlook (Revenue, USD Million, 2014 - 2025)
Europe Civil Engineering Region Outlook (Revenue, USD Million, 2014 - 2025)
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