Insights Into The Heavy And Civil Engineering Construction Market’s Growth Opportunities Through 2023-2032 – Includes Heavy And Civil Engineering Construction Industry
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During the forecast period, technological advancements are expected to drive innovation in heavy and civil engineering construction manufacturing, thereby driving the market.
The global heavy and civil engineering construction market is expected to grow from $1840.28 billion in 2022 to $1936.17 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The heavy and civil engineering construction market is expected to grow to $2305.56 billion in 2027 at a CAGR of 4.5%.
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Global Heavy And Civil Engineering Construction Market Segments Include:
- By Type: Utility System Construction, Highway, Street, And Bridge Construction, Other Heavy And Civil Engineering Construction
- By Organisation Size: Large Enterprises, Small and Medium Enterprises
- By End User: Private, Public
- Subsegments Covered: Water And Sewer Line And Related Structures Construction, Oil And Gas Pipeline And Related Structures Construction, Power And Communication Line And Related Structures Construction, Roads And Highways, Bridges And Tunnels, Other Highway, Street, And Bridge Construction, Marine And Ports Construction, Rail Road Construction, Sea Wall Construction, All Other Heavy And Civil Engineering Construction
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global heavy and civil engineering construction market in 2021.
Major Market Players in the heavy and civil engineering construction market include China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Co Ltd.
Because of improved automation and monitoring technologies, offshore productivity, or the productivity of marine contractors, has increased in recent years. This increase in productivity can be attributed to mechanical technology improvements, automation, and better monitoring of offshore construction projects, and can be seen particularly in dredging, land reclamation, and offshore construction of oil platforms. For example, in August 2020, MJR Power and Automation, a vessel mobilisation and marine engineering expert based in the United Kingdom, completed a mobilisation project for Enshore Subsea, a division of DeepOcean Group in charge of all subsea intervention activities worldwide. The work was done on the recently overhauled Assister vessel, which is managed commercially by JD Contractor and serves the renewables and oil and gas industries. The specialised vessel, which houses cutting-edge equipment, was designed to handle deep-water anchor handling and offshore cable installations, tow underwater plough systems, and provide subsea and ROV support work. Jenkins Marine, Teignmouth Maritime Services, and Edwards Diving Services are among the major marine contractors.
The Heavy And Civil Engineering Construction Global Market Report 2023 provides a heavy and civil engineering construction market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The heavy and civil engineering construction market forecast analyzes heavy and civil engineering construction market size, heavy and civil engineering construction market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The process of building, altering, repairing, improving, or demolishing any complex large government and city project structures using a detailed design and plan is known as heavy and civil engineering construction.
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