Title: Civil engineering market to hit usd 11.72 trillion by 2025
1Civil Engineering Market USD 11.72 trillion
revenue by 2025 Fractovia.org
2 Key Insights of Civil Engineering Market
- The massive revenue growth of the global Civil
Engineering Market is estimated to jump from a
revenue of USD 7,990 billion in 2015 to USD 11.72
trillion by 2025. This robust growth prospect of
civil engineering industry has been positively
impacted by the rising demand for smart
infrastructure in the developed as well as
emerging economies. Rapidly growing population
and urbanization trends have favored the growth
of civil engineering industry in order to provide
effective and sustainable construction
infrastructure. Reportedly, Global smart cities
projects have witnessed significant surge from
170 in 2013 to 235 in 2016. It is also estimated
that around 50 of the global smart cities would
be located in Europe and North America. As per a
report by Global Market Insights, Inc., civil
engineering market is projected to register an
annual growth rate of 3.5 over the period of
2016-2025. - Russia has been undertaking several programs and
governmental initiatives to refurbish the
countrys transport, social, and energy
infrastructure. The regional residential
application generated a market valuation of more
than USD 135 billion in 2015.
3 Continued
- Rising demand for smart grids, green building,
water management, sensor-embedded roads
buildings, urban mobility, industry automation,
and parking systems has considerably stimulated
the growth of civil engineering market.
Increasing expenditure on improving the
commercial, industrial, and the residential
infrastructure has driven the application segment
of civil engineering. With increase in public
funding and cost reduction in copper, steel,
iron, and natural gas, the U.S. non-residential
construction recorded a 12.4 growth in 2015.
U.S. civil engineering industry is foreseen to
generate revenue over USD 1.8 trillion by 2025,
owing to rising disposable income and supportive
development policies.
4Regional Analysis
- The industrial infrastructure is gaining
remarkable momentum in developing countries of
MEA. The overall construction spending from the
private business generated a revenue worth USD
275 billion in 2015. The huge infrastructural
developments in Dubai, Qatar, and Saudi Arabia
have positively impacted the regional civil
engineering industry expansion. The global
private business customer group in the civil
engineering industry is foreseen to witness a
CAGR of 4.1 over 2016-2025. - Asia Pacific is witnessing a robust growth in the
construction industry. Growing population base
and heavy government spending on improving the
regional infrastructure have fueled the growth of
civil engineering market. Rapid industrialization
with the growing need for better infrastructure
in India, Thailand, China, and Malaysia have
significantly driven the regional market. China
civil engineering industry generated a revenue
worth USD 3,400 billion in 2015 and is expected
to show heathy growth prospects over the coming
years. - he industrial infrastructure is gaining
remarkable momentum in developing countries of
MEA.ing need for better infrastructure in India,
Thailand, China, and Malaysia have significantly
driven the regional market. China civil
engineering industry generated a revenue worth
USD 3,400 billion in 2015 and is expected to show
heathy growth prospects over the coming years.
5U.S. Civil Engineering market size, by
application, 2013-2024 (USD Million)
6 Browse Full Market Research Report Of Civil
Engineering Market _at_ https//www.fractovia.org/new
s/industry-research-report/civil-engineering-marke
t Request for a Sample of this Research
report _at_ https//www.fractovia.org/request-sample
/447
7 Industry Analysis
- US Army Corps of Engineers
- URS Corporation
- AECOM Technology
- Foster Wheeler
- Fluor Corporation and HDR.
8 Stay In Touch Website https//www.fractovia.org
Social Media