Civil Engineering Market 2024-2028
The civil engineering market is forecasted to grow by USD 2574.5 mn during 2023-2028, accelerating at a CAGR of 3.9% during the forecast period. The report on the civil engineering market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in construction activities in developing countries, growth in building refurbishment activities, and need to improve construction quality.
Technavio's civil engineering market is segmented as below:
By Application
- Real estate
- Infrastructure
- Industrial
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the adoption of intelligent processing in civil engineering as one of the prime reasons driving the civil engineering market growth during the next few years. Also, growing preference for modular construction and prefabrication and growing demand for skilled civil engineers will lead to sizable demand in the market.
The report on the civil engineering market covers the following areas:
- Civil Engineering Market sizing
- Civil Engineering Market forecast
- Civil Engineering Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading civil engineering market vendors that include AECOM, ACS Actividades de Construccion Y Servicios SA, AtkinsRealis Group Inc, Balfour Beatty Plc, Bouygues Construction SA, Fluor Corp., Galfar Engineering and Contracting SAOG, HDR Inc., Hill Construction (N.E) Ltd., HOCHTIEF AG, Hyundai Motor Co., Jacobs Solutions Inc., John Wood Group PLC, Kiewit Corp., Skanska AB, Stantec Inc., STRABAG SE, Tetra Tech Inc., and VINCI Construction UK Ltd.. Also, the civil engineering market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.