Unlocking the Future of the Civil Engineering Market: Growth Rate, Key Trends, and Opportunities for 2025-2034
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How has the civil engineering market size evolved in recent years?
The size of the civil engineering market has experienced robust growth in previous years. The market value is projected to expand from $8899.72 billion in 2024 to $9484.24 billion in 2025, registering a compound annual growth rate (CAGR) of 6.6%. Factors contributing to this growth during the historical period include a rise in manufacturing activities, expansion of the civil engineering sector, growth in the construction industry, an upsurge in infrastructure quantity, and an escalation in private capital investments.
What are the predictions for the civil engineering market size in the coming years?
In the coming years, the civil engineering market is predicted to experience robust growth, seeing a rise to $12103.78 billion in 2029, with a compound annual growth rate (CAGR) of 6.3%. The expected increase during the forecast period can be linked to a growing interest in eco-friendly construction materials, escalating government and private funding in construction, a boost in purchasing power and customer trust, expansion in infrastructure, mounting urbanization, and the evolution of the construction sector. The forecast period will also see important trends such as 3D printing, augmented and virtual reality, solutions involving kinetic energy, technological progress, intelligent infrastructure, and the incorporation of the Internet of Things (IoT).
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What key factors are fueling the growth of the civil engineering market?
The upsurge in construction operations is predicted to stimulate the expansion of the civil engineering market. These operations include the physical establishments of buildings, infrastructure and other constructs. The surge in construction and real estate operations are attributed to swift urbanization, infrastructure expansion, as well as focus on efficiency and precision in construction projects. Civil engineering plays a crucial role in construction works through design and planning, upkeeping structural integrity, infrastructure preservation, cooperation, and introducing innovative resolutions. For example, the Australian Bureau of Statistics, an Australian governmental organization, revealed in March 2024, that there were 30,992 new private housing units, marking a 3.7% surge from December 2023, and a 14.6% rise compared to March 2023. In addition, the completion of other new private residential buildings climbed to 14,844 units, indicating a 5.6% increase from December 2023. Consequently, the escalating construction projects boost the civil engineering market.
How is the global civil engineering market divided into key segments?
The civil engineering market covered in this report is segmented –
1) By Service Type: Planning And Design, Construction, Maintenance, Other Service Types
2) By Customer: Government, Private, Other Customers
3) By Application Type: Real Estate, Infrastructure, Industrial
Subsegments:
1) By Planning and Design: Feasibility Studies, Structural Design, Geotechnical Engineering, Environmental Impact Assessments
2) By Construction: General Contracting, Project Management, Site Development, Infrastructure Development
3) By Maintenance: Routine Maintenance Services, Structural Rehabilitation, Asset Management, Inspection And Assessment Services
4) By Other Service Types: Consulting Services, Surveying Services, Urban Planning, Water Resource Management
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Who are the key firms paving the way for growth in the civil engineering market?
Major companies operating in the civil engineering market are Compagnie de Saint-Gobain S.A., Johnson Controls International PLC, CEMEX S.A.B. de C.V., Jacobs Solutions Inc., Fluor Corporation, AECOM, AtkinsRéalis Group Inc, Stantec Inc., Vicat SA, Tetra Tech Inc., Holcim Limited, Henningson, Durham & Richardson Inc., Boral Limited, Tarmac, GCP Applied Technologies, Galfar Engineering & Contracting SAOG, Geosyntec Consultants, HeidelbergCement AG, Hilti Corporation, The Lafarge
Which trends are expected to transform the civil engineering market?
Key players in the civil engineering market are concentrating on the creation of wireless sensor networks in order to boost real-time inspection and upkeep of infrastructures, augment safety measures, and streamline resource management by offering complete and persistent data regarding structural conditions, environmental elements, and operational efficacy. These wireless sensor network structures facilitate constant data accumulation related to structural states, environmental aspects, and load strain, encouraging pre-emptive management and early identification of potential problems. For example, Worldsensing, a software firm based in Spain, introduced a novel wireless sensor, known as the vibration meter, in November 2023. This sensor is intended to improve vibration monitoring in civil engineering works. The vibration meter is fitted with a high-density energy battery, which is replaceable by the user and has a lifespan of up to two years, depending on its usage. It performs efficiently within a temperature span of -40 °C to 80 °C and has the capability to communicate across distances up to 15 km utilizing the Long Range (LoRa) technology owned by Worldsensing.
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What regions are contributing significantly to the growth of the civil engineering market?
North America was the largest region in the civil engineering market in 2024. The regions covered in the civil engineering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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