The global civil engineering market is mainly driven by the increasing urban development projects taking place in the emerging economies in Asia Pacific. China, in particular, could emerge as a major player in the global civil engineering market due to the increasing demand for residential as well as commercial construction in the country. The increasing investment in the Belt and Road Project from the Chinese government is also likely to be a major factor in the growth of the civil engineering market over the forecast period.
Key players operating in the global civil engineering market includes AECOM (US), Amec Foster Wheeler plc (UK), United States Army Corps of Engineers (US), SNC-Lavalin (Canada Jacobs Engineering Group, Inc. (US), Galfar Engineering & Contracting SAOG (UAE), Fluor Corporation (US), HDR, Inc. (US), Tetra Tech, Inc. (US), and Stantec, Inc. (Canada).
Get a FREE Report Sample with Complete TOC @ https://www.marketresearchfuture.com/sample_request/7414
The global civil engineering market is expected to produce a robust growth rate over the coming years due to the growing demand for infrastructure construction and expansion projects in developing regions such as Asia Pacific. Civil engineering has emerged as a key sector to focus on for developing economies that want to make their presence felt in the global economic structure, as civil engineering is vital to ensuring smooth movement of products through a country as well as allowing easy movement of people across a region, enabling greater economic connectivity and opportunities.
The global civil engineering market is segmented on the basis of service into planning and design, construction, and maintenance. In developed regions such as North America and Western Europe, maintenance is a leading segment in the civil engineering market, as these regions already house strong infrastructures regarding the presence of roads and other transportation options, as well as industrial and residential infrastructure and wireless telephony and communication equipment. However, the construction segment is the dominant force in developing parts of the world such as Asia Pacific, where several countries are in the middle of a growth period, where new frontiers are being met and exceeded on a regular basis.
Intended Audience:
- Raw Material Suppliers
- End Users
- Contractors
- Traders & Distributors
- Regulatory Bodies
Asia Pacific to Drive Civil Engineering Market, China to Dominate
Asia Pacific is the largest regional segment in the global civil engineering market and is expected to keep this position over the forecast period and beyond due to the rapid pace of infrastructure development, particularly in China, as well as other countries in Southeast Asia such as India, Indonesia, Malaysia, Thailand, Singapore, Taiwan, and South Korea.
China has emerged as a major player in the global civil engineering market over the last few decades due to the rapid pace of infrastructure development in the residential and industrial sectors. Rising urbanization in areas such as Shanghai and Beijing has been a major driver for the residential construction industry in the country, as immigrants and rural laborers have flocked to these major urban centers in increasing volumes to make the most of the country’s economic boom.
Industrial infrastructure has also developed at a rapid pace in China in the last few decades, coinciding with the country emerging as the second largest economy in the world behind the U.S., as well as a leading producer of several consumer commodities, such as consumer electronics and automobiles. The growing presence of industrial giants in the country is likely to be a major driver for the Civil Engineering Market in Asia Pacific over the forecast period, as Chinese consumer electronics manufacturers such as Huawei and Xiaomi have emerged as major global players in a relatively short period of time and are showing no signs of slowing down.
Development of Belt and Road Initiative to Drive Demand from Civil Engineering Market
The development of the Belt and Road Initiative in China and other countries across Asia Pacific is likely to remain a major driver for the civil engineering market in the region over the forecast period. China’s Belt and Road Initiative, which may well rank as one of the – if not the – most ambitious civil engineering projects ever conceived, comprises of the development of road and port infrastructure in a number of countries in Asia, in order to facilitate smooth movement of industrial goods in and out of China.
The initiative is based on the idea of reviving the ancient Silk Road in the context of modern political boundaries and increasing the economic potential of the whole Asia Pacific region, centered on China. This has led to China taking over ports in Sri Lanka, Indonesia, Pakistan, Brunei, the Maldives, Myanmar, in addition to other Middle Eastern and African countries. The huge scale of the Belt and Road Initiative is likely to make it the prime endeavor in the global civil engineering market in the coming years, leading to growing demand from the market over the forecast period.
Browse Complete Report “Civil Engineering Market Research Report – Global Forecast till 2023” @ https://www.marketresearchfuture.com/reports/civil-engineering-market-7414
List of Tables
Table 1 Global Civil Engineering Market, by Region, 2018–2023
Table 2 North America: Civil Engineering Market, by Country, 2018–2023
Table 3 Europe: Civil Engineering Market, by Country, 2018–2023
Table 4 Asia-pacific: Civil Engineering Market, by Country, 2018–2023
Table 5 Row: Civil Engineering Market, by Country, 2018–2023
Table 6 Global Civil Engineering Market, by Service, by Region, 2018–2023
Table 7 North America: Civil Engineering Market, by Service, by Country, 2018–2023
Table 8 Europe: Civil Engineering Market, by Service, by Country, 2018–2023
Table 9 Asia-pacific: Civil Engineering Market by Service, by Country, 2018–2023
Table 10 Row: Civil Engineering Market by Service, by Country, 2018–2023
Continued…….
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Civil Engineering Market Share, by Service, 2017 (%)
Figure 9 Global Civil Engineering Market, by Service, 2018–2023 (Usd Million)
Figure 10 Global Civil Engineering Market Share, by Application, 2017 (%)
Continued…….
Ask for your specific company profile and country level customization on reports.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/civil-engineering-market-7414