Global Civil Engineering Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Civil Engineering Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Civil engineering involves the engineering aspects of planning, design, construction and maintenance of the building environment. The civil engineering industry conducts business in transportation systems and other fields, including railways, ports, airports, motorways and bridges, and urban planning. This report study the civil engineering market.

Market Overview:

The latest research study on the global Civil Engineering market finds that the global Civil Engineering market reached a value of USD 9589215.0 million in 2022. It’s expected that the market will achieve USD 12194002.0 million by 2028, exhibiting a CAGR of 4.09% during the forecast period.

Short-term Impact

For the civil engineering industry, the outbreak of COVID-19 will have an adverse impact on the upstream supply of raw materials. On the one hand, the raw materials of products involve many kinds, such as stainless steel, large frames and other metal or non-metal materials. The outbreak caused shortage of raw materials, which affected the price of raw materials, and the border blockade policy would affect the supply of raw materials. On the other hand, COVID-19 will affect the logistics industry and the delivery time of raw materials.

With the gradual control of COVID-19, some projects began to resume operation. However, while implementing the project, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost and affect the development of enterprises.

Market Constraints and Challenges

The fundamental problem to be solved in civil engineering is the safety of engineering, so that the structure can resist various natural or man-made forces. Any engineering structure must bear its own weight, as well as the use load and wind force. The change of humidity will also exert force on civil engineering structures. In earthquake areas, civil engineering structures should also consider resisting earthquake action. Therefore, civil engineering is limited by building materials, and the fluctuation in the prices of raw materials will affect the construction cost of civil engineering.
Civil engineering industry is facing fierce competition. Many companies have done business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage. Enterprises in the civil engineering industry generally cooperate with the government and large-scale enterprises, and the credibility of enterprises is very important. Major enterprises in the civil engineering industry have occupied a larger competitive advantage and have brand effect, which creates barriers for new enterprises. The fierce competition in the civil engineering industry may have a certain impact on the civil engineering industry.

Region Overview:

From 2023-2028, Asia-Pacific is estimated to witness robust growth prospects.

Company Overview:

China State Construction is one of the major players operating in the Civil Engineering market, holding a share of 2.69% in 2020.

Established in 1982, China State Construction is one of the largest investment and construction groups in the world with the longest professional development, the earliest market-oriented operation, the highest degree of integration. China State Construction's business performance covers more than 100 countries and regions at home and abroad, and its business layout covers investment and development (real estate development, construction financing, holding and operation), engineering construction (housing construction, infrastructure construction), survey and design, and new business (green construction, energy conservation and environmental protection, e-commerce).

China Railway Group Limited (known as CREC) is a world-leading construction conglomerate with more than 120 years’ history. As one of the world’s largest construction and engineering contractors, CREC takes a leading position in infrastructure construction, industrial equipment manufacturing, scientific research and consulting, real estate development, resources development, financial trust, trade and other fields.

Segmentation Overview:

Among different product types, Construction segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Real estate segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Civil Engineering market covered in Chapter 3:

Bechtel
AECOM
Hochtief Aktiengesellschaft
KBR
vinci
Larsen & Toubro
China railway group limited
BBR Construction Systems Pte Ltd
BHCC Construction Pte. Ltd.
SNC-Lavalin
Power China
China State Construction
ACS
China Communications Construction Company
Jacobs Engineering Group, Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Civil Engineering market from 2018 to 2029 is primarily split into:

Planning & Design
Construction
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Civil Engineering market from 2018 to 2029 covers:

Real estate
Infrastructure
Industrial engineering

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)