Civil Engineering Market Size, Share, Growth, Trends and Forecast 2025
Category: #world  By Rahul Varpe  Date: 2020-04-30
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Civil Engineering Market Size, Share, Growth, Trends and Forecast 2025

The Civil Engineering Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure.

The Civil Engineering Market is anticipated to record its name in the billion-dollar space within seven years, by exceeding a revenue of US$ 12 Trillion by 2025, with an anticipated CAGR of 4% through 2025.

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Rapid expansion of the transport infrastructure and surge in residential construction supported by public and private investments driving the civil engineering market. Increasing necessity for efficient management & movement of population across large metropolitan cities will support the industry development. In addition, redesigning of the existing transportation systems such as efficient pedestrian systems for the appropriate accommodation of more traffic will further provide strong business outlook.

Increasing smart cities projects to uplift the society and economy of a particular nation. The incorporation of new & innovative technologies for building construction in line with Smart City 1.0 continues to accelerate civil engineering market growth across the globe. Further, continuous heavy investments by the leading industry players in several smart city projects in the developing economies such as UAE, Saudi Arabia, and India will enhance the industry landscape..

Comprehensive Review of Market Growth, Applications, and Future Prospects

  1. Residential Buildings,
  2. Energy,
  3. Industrial Infrastructure,
  4. Transport

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Residential buildings application will witness significant gains over the projected time frame. Increasing population and rapid urbanization in the developing economies such as South Africa, Saudi Arabia, and India will propel the industry size. Rising consumer disposable income along with the provision of low interest rates by banks on housing loans will support the industry expansion over the projected timeframe.

Asia Pacific is anticipated to surpass USD 5.5 trillion in the overall civil engineering market by 2025. Major government spending & initiatives on several mega projects in the key metropolitan cities across the region will provide positive scope for the business expansion. Increasing demand for domestic construction activities along with rising disposable income, constant policy support, and lower labor costs will provide a strong outlook for the civil engineering market across the region.

Civil engineering market is competitive in nature owing to the presence of several global and regional players. Major companies present in the industry include AECOM, Jacobs, Vinci Construction, Hochtief Ag, Boyugues Construction, Acs Actividades De Contruccion Y Servicios, S.A., Bechtel Corporation, and Hyundai Engineering and Construction Co. Ltd. Other prominent players include Power Construction Corporation of China Ltd., Construtora Noberto Odebrecht S. A., Strabag SE, Kiewit Corporation, Balfour Beatty PLC, and Skanska.

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About Author

Rahul Varpe

Email: [email protected]   

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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