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Civil Engineering Market - By Service (Planning & Design, Construction Management, Maintenance, and Others [Consultancy, Inspection, etc.], By Application (Building, Infrastructure, Water Resources, Energy, Others [Environmental Engineering etc.]) Forecast 2024 – 2032


Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction

Publisher : MRA | Format : PDF&Excel

Civil Engineering Market - By Service (Planning & Design, Construction Management, Maintenance, and Others [Consultancy, Inspection, etc.], By Application (Building, Infrastructure, Water Resources, Energy, Others [Environmental Engineering etc.]) Forecast 2024 – 2032

Civil Engineering Market - By Service (Planning & Design, Construction Management, Maintenance, and Others [Consultancy, Inspection, etc.], By Application (Building, Infrastructure, Water Resources, Energy, Others [Environmental Engineering etc.]) Forecast 2024 – 2032

Civil Engineering Market Size

Civil Engineering Market size was valued at around USD 12.5 trillion in 2023 and is anticipated to register a CAGR of 5.2% between 2024 to 2032. Global urbanization and population increase have created a need for new infrastructure projects including roads, bridges, railroads, airports, and ports. Emerging economies are making significant investments in infrastructure to sustain the rapidly rising populations and economies. Many segments of the construction industry are experiencing sustained expansion, particularly in the private building of single-family houses and home remodeling projects. The fast growth of urban centers has increased the need for commercial development projects.

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For instance, construction spending in the United States topped USD 2.1 billion in 2023 according to the U.S. Census Bureau. As per the Government of India report, the construction Industry in India is anticipated to reach USD 1.4 Tn by 2025. Under The National Infrastructure Pipeline (NIP), India has an investment budget of USD 1.4 Tn on infrastructure - 24% on renewable energy, 18% on roads & highways, 17% on urban infrastructure, and 12% on railways.  

Civil Engineering Market Report Attributes
Report Attribute Details
Base Year 2023
Civil Engineering Market Size in 2023 USD 12.5 Trillion
Forecast Period 2024 – 2032
Forecast Period 2024 – 2032 CAGR 5.2%
2024 – 2032 Value Projection USD 19.6 Trillion
Historical Data for 2021 – 2023
No. of Pages 200
Tables, Charts & Figures 271
Segments covered Service, Application, Region
Growth Drivers
  • Rising urbanization and construction industry
  • Government investments in infrastructure
Pitfalls & Challenges
  • Increasing awareness of environmental issues
  • Economic downturns and price fluctuations of raw materials

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On the other hand, many governments are committing large resources to infrastructure construction as part of economic stimulus packages or long-term development strategies. These investments provide opportunity for civil engineering firms to pursue a variety of projects. Additionally, innovations in building materials, processes, and digital technology are revolutionizing the civil engineering industry. Building information modeling (BIM), advanced simulation tools, and drone technology are being employed more often to increase project efficiency, accuracy, and safety.

As people become more conscious of environmental concerns, they are paying more attention to the ecological effect of infrastructure initiatives. Civil engineering businesses are under pressure to implement sustainable practices, reduce carbon emissions, and mitigate environmental harm. Failure to address these issues may result in public resistance, legal challenges, and project delays. Compliance with regulatory regulations may be difficult and time-consuming, adding layers of bureaucracy and cost to projects. Changes in rules or the introduction of new environmental and safety requirements may entail changes to project designs and implementation, affecting deadlines and budget. Civil engineering projects are generally capital-intensive and subject to global economic fluctuations. Economic downturns can result in decreased government expenditure on infrastructure, delays in project funding, and a decline in private sector investments, affecting the overall demand for civil engineering services.

Civil Engineering Market Trends

Civil engineering is undergoing a revolution, driven by the critical need for sustainable practices and ecologically friendly solutions. One of the primary trends driving civil engineering innovation is the incorporation of Internet of Things (IoT) devices and sensors into infrastructure systems. These smart technologies allow for real-time monitoring of a variety of data, including traffic flow, structural health, and environmental conditions.

Civil engineers may increase infrastructure asset performance, maintenance procedures, and overall resilience by leveraging data analytics and machine learning algorithms. With a rising emphasis on decreasing carbon footprints and energy usage, the notion of Net-Zero energy buildings has gained popularity. Pre-fabrication, which involves constructing sections of a project offsite and transporting assembled structures to construction sites, is not a new concept, but it is gaining popularity.

Civil Engineering Market Analysis

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Based on service, the market can be segmented into planning & design, construction management, maintenance, and others. In 2023, the construction management service segment accounted for revenue of around USD 4.3 Trillion in the year 2023 and expected to reach around USD 6.9 Trillion by 2032. Project management software, mobile applications, and cloud-based collaboration platforms are all being used to digitize construction management. These solutions promote communication, scheduling, resource allocation, and progress monitoring, resulting in increased project efficiency and collaboration. Lean construction concepts, influenced by industrial approaches, are gaining popularity for reducing waste, optimizing processes, and increasing productivity. Just-in-time delivery, modular building, and continuous improvement approaches are used to speed construction operations.

On the other hand, demand is increasing for comprehensive planning solutions that consider many issues such as urbanization, sustainability, resilience, and community participation. Integrated planning methods improve land use, transportation networks, utilities, and environmental conservation.

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Based on application, the global civil engineering market is categorized into building, infrastructure, water resources, energy, and others. In 2023, the building application segment accounted for revenue of around USD 4.8 Trillion in the year 2023 and expected to reach USD 7.7 Trillion by 2032. There is a rising emphasis on sustainable construction approaches, including energy efficiency, renewable materials, and ecologically friendly concepts for design. LEED certification and other green building standards are promoting the use of sustainable construction approaches.

The combination of IoT and AI is resulting in smarter and more responsive buildings. IoT sensors play an important role in monitoring and regulating energy. AI algorithms are used to evaluate massive volumes of data from building operations, detecting trends and inefficiencies. Smart buildings include ESG elements in their operations and administration. Advanced systems now track water usage, garbage generation, and other resource consumption. This improved approach to sustainability in smart buildings extends beyond traditional construction techniques to include the building's whole lifetime and operation.

On the other hand, broadband networks, data centers, and communication systems are all critical components of digital infrastructure that support the digital economy and enable connection in Smart Cities. Civil engineering businesses play an important role in developing and building strong digital infrastructure to satisfy rising demand.

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 Asia Pacific dominated the global civil engineering market with revenue of around USD 4.5 Trillion in the year 2023 and expected to reach around USD 7.4 Trillion by 2032. Asia Pacific is one of the world's fastest urbanizing regions, with millions of people moving from rural areas to cities each year. This urbanization tendency generates a high need for new infrastructure, such as roads, bridges, railroads, airports, housing, and utilities. The region has a rapidly expanding population, which puts a burden on current infrastructure and demands investments in new infrastructure projects to suit the requirements of urban residents. Projects for healthcare facilities, educational institutions, and public amenities are also in demand.

Additionally, many Asia-Pacific countries are investing heavily in infrastructure as part of their economic growth strategies. Governments allocate cash for infrastructure projects to boost economic growth, increase connectivity, and enhance the quality of life. Additionally, cities in Asia Pacific are investing in smart city projects to improve urban planning, transportation, energy efficiency, and public services. Civil engineering is critical for creating and implementing smart infrastructure solutions such as intelligent transportation systems, digital utilities, and sustainable buildings.

North America In terms of country, the US dominating with the overall market share of around 78% in the North America civil engineering market. The United States is concentrating on improving its aged infrastructure, such as roads, bridges, airports, and water systems. The Bipartisan Infrastructure Law provides major funding for infrastructure projects, which increases demand for civil engineering services.

On the other hand, Canada market expressing notable growth rate of around 5.1% in 2023. Canada is investing in infrastructure to boost economic development and improve livability. Investments are concentrated on transportation networks, public transit, green infrastructure, and renewable energy projects.

Europe The Europe civil engineering market was valued at around USD 2.9 Trillion in 2023 and is anticipated to register a CAGR of 4.7% between 2024 to 2032. European governments are investing in infrastructure projects to upgrade current assets and build new ones. Transportation networks, such as roads, railroads, and airports, are being modernized to increase connectivity and economic growth. Furthermore, investments in energy infrastructure, digital connectivity, and sustainable urban development are propelling the industry further.  

In terms of country, Germany is dominating the Europe civil engineering market in terms of market value of around USD 0.54 Trillion during the 2023. German cities are implementing urban reconstruction initiatives that renew downtown areas, improve public spaces, and improve transit networks. Civil engineering businesses play an important part in urban planning, infrastructure design, and sustainable development projects.

On the other hand, the France is experiencing notable growth in the market and is anticipated to grow at 5.1% CAGR during the forecast period. France is investing in transportation infrastructure, such as high-speed rail, urban transit systems, and road networks, to increase connectivity and mobility. Projects like the Grand Paris Express seek to improve public transit in the Paris metropolitan region.

Asia Pacific The Asia Pacific civil engineering market was valued at around USD 4.5 Trillion in 2023 and is anticipated to register a CAGR of 5.8% between 2024 to 2032. Asia Pacific is one of the world's fastest urbanizing regions, with millions of people moving from rural areas to cities each year. This urbanization tendency generates a high need for new infrastructure, such as roads, bridges, railroads, airports, housing, and utilities.

In terms of country, China is dominating the Asia Pacific market in terms of market value around USD 1.4 Trillion in the year 2023 and expected to reach around USD 2.4 Trillion by 2032. China continues to make significant investments in infrastructure development, including transportation networks, energy projects, and urban infrastructure. The Belt and Road Initiative (BRI) increases investment in infrastructure projects throughout Asia and beyond.

On the other hand, India is emerging as a fastest growing country for the market in terms of CAGR of 6.3% between 2024 to 2032. The Indian government's Smart Cities Mission intends to create 100 smart cities across the country by promoting investments in digital infrastructure, sustainable architecture, and smart transportation systems. Civil engineering businesses help develop and implement smart city initiatives.

Civil Engineering Market Share

Key players involve in the market are ACS Group, AECOM, Bouygues S.A., STRABAG SE, and Vinci SA accounting market share of 12-15% in 2023. Innovation is a major driver of competition in civil engineering. Companies that embrace and create innovative technologies such as Building Information Modeling (BIM), new materials, and sustainable building processes have a competitive advantage. Innovation may result in cost savings, increased efficiency, and environmentally sustainable solutions.

Strong connections with customers, government agencies, suppliers, and industry partners are critical for securing contracts and remaining competitive. Networking possibilities, involvement in industry groups, and retaining a good reputation may all contribute to repeat business and recommendations. Adaptability, resilience, and the ability to predict and adapt to market trends are critical for businesses to flourish in this competitive environment.  

Civil Engineering Market Companies

Major companies operating in the civil engineering industry include

  • ACS Group
  • AECOM
  • Afcons Infrastructure Ltd
  • Bouygues S.A.
  • Eiffage SA     
  • Fujita Corporation
  • Jacobs
  • Kiewit Corporation
  • Larsen & Toubro Limited
  • Royal BAM Group
  • Skanska AB
  • STRABAG SE
  • Tata Projects Ltd.
  • Tetra Tech Inc.
  • Vinci SA     

Civil Engineering Industry News

  • In April 2024, Japan-based Fujita Corporatio and India-based Neilsoft announced plans to expand the scope of their co-operative working by agreeing to increase the size of their BIM Center in Pune, India. This understanding not only signifies the growing acceptance and need for Building Information Modelling (BIM) Technology Services in the Engineering & Construction industry but also showcases the growing bilateral business relationships between Japan and India.
  • In April 2024, ACS launches its 2024-2026 Strategic Plan to achieve Euro 1 billion in attributable profit by 2026. The Strategic Plan will allow it to consolidate its business model, which combines profitability through dividends and growth, cohesive and integrated, capable of meeting the demand for both new generation infrastructures and those in which ACS is already a leader.
  • In January 2024, Eiffage, through its subsidiary Eiffage Construction, has secured two of the four works new construction packages for the project launched by the City of Paris to redevelop the former Saint-Vincent-de-Paul hospital site as an Eco district, in the 14th district.  

The civil engineering market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Trillion) from 2021 to 2032, for the following segments

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Market, By Service, 2021 – 2032

  • Planning & Design
  •  Construction Management
  •  Maintenance
  •  Others (Consultancy, Inspection, etc.)  

Market, By Application, 2021 – 2032

  • Building
    • Residential
    • Commercial
    • Industrial
    • Others (Government, Municipality, etc.)
  • Infrastructure
    • Roadways
    • Tramp, Railway & Metros
    • Airports
    • Others (Ports, Water Transits, etc.)
  • Water Resources
  • Energy
  • Others (Environmental Engineering etc.)

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

 

 

Table of Content

Report Content

Chapter 1   Methodology & Scope

1.1    Market scope & definitions

1.2    Research design

1.2.1    Research approach

1.2.2    Data collection methods

1.3    Base estimates & calculations

1.3.1    Base year calculation

1.3.2    Key trends for market estimation

1.4    Forecast model

1.5    Primary research and validation

1.5.1    Primary sources

1.5.2    Data mining sources

Chapter 2   Executive Summary

2.1    Industry 3600 synopsis

Chapter 3   Industry Insights

3.1    Industry ecosystem analysis

3.1.1    Factor affecting the value chain

3.1.2    Profit margin analysis.

3.1.3    Disruptions

3.1.4    Future outlook

3.1.5    Manufacturers

3.1.6    Distributors

3.1.7    Retailers

3.2    Industry impact forces

3.2.1    Growth drivers

3.2.1.1    Rising urbanization and construction industry

3.2.1.2    Government investments in infrastructure

3.2.2    Industry pitfalls & challenges

3.2.2.1    Increasing awareness of environmental issues

3.2.2.2    Economic downturns and price fluctuations of raw materials

3.3    Growth potential analysis

3.4    Porter’s analysis

3.5    PESTEL analysis

Chapter 4   Competitive Landscape, 2023

4.1    Company market share analysis

4.2    Competitive positioning matrix

4.3    Strategic outlook matrix

Chapter 5   Market Estimates & Forecast, By Service (USD Trillion)

5.1    Key trends

5.2    Planning & design

5.3    Construction management

5.4    Maintenance

5.5    Others (consultancy, inspection, etc.)

Chapter 6   Market Estimates & Forecast, By Application (USD Trillion)

6.1    Key trends

6.2    Building

6.2.1    Residential

6.2.2    Commercial

6.2.3    Industrial

6.2.4    Others (government, municipality, etc.)

6.3    Infrastructure

6.3.1    Roadways

6.3.2    Tramp, railway & metros

6.3.3    Airports

6.3.4    Others (ports, water transits, etc.)

6.4    Water resources

6.5    Energy

6.6    Others (environmental engineering etc.)

Chapter 7   Market Estimates & Forecast, By Region (USD Trillion)

7.1    Key trends, by region

7.2    North America

7.2.1    U.S.

7.2.2    Canada

7.3    Europe

7.3.1    Germany

7.3.2    UK

7.3.3    France

7.3.4    Italy

7.3.5    Spain

7.3.6    Rest of Europe

7.4    Asia Pacific

7.4.1    China

7.4.2    India

7.4.3    Japan

7.4.4    South Korea

7.4.5    Australia

7.4.6    Rest of Asia Pacific

7.5    Latin America

7.5.1    Brazil

7.5.2    Mexico

7.5.3    Argentina

7.5.4    Rest of Latin America

7.6    MEA

7.6.1    Saudi Arabia

7.6.2    UAE

7.6.3    South Africa

7.6.4    Rest of MEA

Chapter 8   Company Profiles

8.1    ACS Group

8.2    AECOM

8.3    Afcons Infrastructure Ltd

8.4    Bouygues S.A.

8.5    Eiffage SA

8.6    Fujita Corporation

8.7    Jacobs

8.8    Kiewit Corporation

8.9    Larsen & Toubro Limited

8.10    Royal BAM Group

8.11    Skanska AB

8.12    STRABAG SE

8.13    Tata Projects Ltd.

8.14    Tetra Tech Inc.

8.15    Vinci SA
 

  • ACS Group
  • AECOM
  • Afcons Infrastructure Ltd
  • Bouygues S.A.
  • Eiffage SA     
  • Fujita Corporation
  • Jacobs
  • Kiewit Corporation
  • Larsen & Toubro Limited
  • Royal BAM Group
  • Skanska AB
  • STRABAG SE
  • Tata Projects Ltd.
  • Tetra Tech Inc.
  • Vinci SA     

Table of Content

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