Civil Engineering Market: Global Opportunity Analysis and Industry Forecast, 2021-2031 Market

Civil engineering deals with design, construction, and maintenance of structures that may be built or naturally present in the environment. Civil engineering projects include construction, design, and maintenance of infrastructure and public works such as roads, bridges, sewage systems, pipelines, airports, railways, canals, dams, and buildings. Civil engineering projects are broadly classified into five types of projects: construction and management, structural, architecture, water, transport, and geotechnical. The global civil engineering market is expected to grow tremendously in the future, owing factors such as rise in disposable income of consumers and technological advancements made in terms of improvement of processes and equipment used. Rise in global population and urbanization global residential and infrastructure sectors is expected to flourish, especially in developing economies. 

Market scope and structure analysis:

COVID-19 scenario analysis:

• COVID-19 pandemic has shut-down production of various products in the global civil engineering industry, mainly owing to prolonged lockdown in major global countries. This has hampered growth of the global civil engineering market significantly from past few months, as is likely to continue during 2020.
• COVID-19 has already affected sales of equipment and machinery in the first quarter of 2020, and is likely to cause a negative impact on the market growth throughout the year.
• The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting demand for equipment and machinery.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
• Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, Opportunities, Restraints and Impact Analysis

Growth in global population, increase in urbanization, and rise in disposable income around the world is expected to propel growth of the global construction sector. Increase in standard of living of consumers around the world is expected to help residential and commercial construction sectors flourish. Rapidly increasing urban population is an important driving factor for civil engineering the market. Growth in investments from governments around the world in developing and building infrastructure, especially in developing economies of the world is expected to be an important factor behind the growth of the global civil engineering market. However, the global civil engineering market is heavily reliant on the global construction industry which is extremely susceptible to fluctuations in the economy caused due to both microeconomic and macroeconomic factors. This is a major restraining factor of the global civil engineering market. The opportunity for growth of the global civil engineering market comes from the rapid innovation in construction materials which is expected to fuel the demand for modern civil engineering designs in the near future. The rapid shift from conventional construction materials to green building materials is expected to boost the market growth.

The global civil engineering market trends are as follows:

Rising population, urbanization, and increase in disposable income of consumers

The global civil engineering market is expected to grow because of the increasing construction activity worldwide. With rapid urbanization, the real estate sector is also expected to grow at significant rate around the world. According to data of United Nations (U.N) more than 54% of global population is living in urban areas, which is generating employment opportunities and improving income level of individuals. Due to the factor of increased standard of living of consumers around the world, the global residential construction market is also expected to grow. Rising global population and urbanization are causes behind the rapid infrastructural development worldwide. Smart cities are being build all around the world and public infrastructure is being updated and expanded. Schools, hospitals, libraries, recreational parks, community centers, airports, bus stations, and railway stations and other public facilities are being built, expanded or updated. Global construction of industrial plants, manufacturing and assembly plants, commercial office spaces, shopping malls is increasing. With rising global population and urbanization, the global civil engineering market is also expected to grow.

Stringent environmental regulations

With rise in environmental degradation, global warming, depletion of natural resources, and increase in pollution levels around the world, concern around environmental impact of construction activity is increasing. This is a major factor for growth in adoption of green building materials in the global civil engineering market. Green building materials are more environmental-friendly and energy-efficient in comparison to conventional building materials. Use of green building materials is expected to help reduce global warming as these products have a lower carbon footprint than traditional materials. In addition, maintenance of structures that use green building materials is cheaper and easier and consume less water thereby reducing wastage of valuable resources. Stringent rules and regulations regarding environmental impact and energy-efficiency of buildings are being implemented by regulatory bodies and governments around the world. Leadership in Energy and Environmental Design (LEED), Building Research Establishment Environmental Assessment Method (BREEAM), and Green Building Evaluation Labeling (GBEL) are some of the rating systems for green buildings in U.S.A, UK, and China, respectively. Due to these factors, the rising adoption of green building materials in the global construction market is expected to help boost the global civil engineering market.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the global civil engineering industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global civil engineering market share.
• The current market is quantitatively analyzed from 2019 to 2027 to highlight the global civil engineering market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global civil engineering market analysis based on competitive intensity and how the competition will take shape in coming years.

 Civil Engineering Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights