Civil Engineering Market 2019 to 2025 - Key Industry Players & Growth Trends

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Civil Engineering Market Outlook, Regional Growth
Industry Share by 2025
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• Civil Engineering Market Growth Scenario

• The rapid emergence of sustainable urban
  infrastructure development owing to the explosive
  population growth globally will provide a strong
  outlook for the civil engineering market size.
• Steady improvements and developments in unique
  architectural designs owing to increasing
  renovation trends among consumers will propel the
  industry share over the forecast timeframe.
• The rising prominence of robots in the
  construction industry for taking up mundane tasks
  will enhance worker safety, overall productivity,
  and lower operating costs, thereby boosting the
  industry share.
• The rapid eminence of automated machine guidance
  systems for keeping a track on benefits of high
  ROI will eliminate the requirement for dedicated
  on-site staff, thereby promulgating the civil
  engineering market size.

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• Continuously updating building codes standards
  in various countries showcasing appropriate
  societal, technological, and economic changes
  will escalate the civil engineering market
  growth. Increasing adoption of performance-based
  building codes is supporting efficient innovation
  in construction materials techniques, further
  providing potential growth prospects.
• Rapid convenient approval processes for
  numerous civil engineering projects across the
  globe will provide a strong outlook for industry
  expansion. Specific building plans are checked by
  multiple agencies firms for the final approval,
  which delays the overall completion time for the
  project. Better effective coordination coupled
  with increased convenience for permit seekers and
  regulations providing less associated bureaucracy
  will augment the civil engineering market share
  over the projected timeline.
• Residential buildings will observe the fastest
  growth with 4.5 CAGR in the overall civil
  engineering market. This can be credited to the
  increasing consumer inclination toward
  sustainable green buildings over the study
  timeframe. Favorable government regulations
  policies toward the adoption of sustainable
  building methods techniques will significantly
  enhance the segment growth.

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• Regional Analysis

• Increasing government spending on the major
  infrastructure projects in developing regions
  including Asia Pacific and the Middle East
  Africa will augment the civil engineering market
  growth. For instance, Australias budget
  2017-2018 committed a funding of USD 700 million
  for the development of METRONET rail project.
• Asia Pacific will observe the fastest growth at
  over 5 CAGR in the overall civil engineering
  market due to the growing population along with
  the expansion in construction sector.

• Competitive Analysis

• The major industry players are AECOM, HILL
  Companies Ltd., Hochtief Ag, Technip, Galfar
  Engineering Contracting SAOG, HDR, Vinci
  Construction, Royal BAM Group NV, Jacobs
  Engineering Group, Hyundai Engineering
  Construction Co., Ltd., and Fluor Corporation.
  The other notable participants are ACS
  Actividades de Construcción y Servicios S.A.,
  Skanska, Balfour Beatty PLC, Bouygues
  Construction SA, and Construtora Norberto
  Odebrecht S.A.

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