Civil Engineering Market By Application, Customer Group, Region 2016-2025

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.

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Russia has been undertaking several programs and governmental initiatives to refurbish the country’s transport, social, and energy infrastructure. The regional residential application generated a market valuation of more than USD 135 billion in 2015.

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.

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.

The key civil engineering industry players include US Army Corps of Engineers, URS Corporation, AECOM Technology, Foster Wheeler, Fluor Corporation and HDR.

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About Global Market Insights, Inc. Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services.