IMARC Group, a leading market research company, has recently releases report titled “Civil Engineering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global civil engineering market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Civil Engineering Market?

The global civil engineering market size reached US$ 8.9 Trillion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.5 Trillion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.

Civil engineering refers to a branch of engineering that includes the professional practice of planning, designing, building, and maintaining different structures. It incorporates a wide range of activities, such as planning, designing, constructing, operating, and maintaining buildings, roads, bridges, water supply and distribution systems, wastewater treatment facilities, airports, and other infrastructure. At present, significant rise in individuals pursuing civil engineering due to the development of schools, hospitals, private offices, waterways, harbors, seaports, residential structures, and power supply, drinking water, and energy systems across the globe.

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What are the growth prospects and trends in the civil engineering industry?

At present, rapid urbanization and a significant rise in construction activities represent one of the key factors positively influencing the market across the globe. In addition, inflating disposable incomes and a significant rise in the demand for luxury residential properties are creating a favorable market outlook.

Apart from this, governments of various countries are undertaking projects to develop smart cities and improve existing infrastructure. This, in confluence with the increasing number of companies hiring civil engineers, is fueling the market growth.

Moreover, the increasing adoption of 3D modeling software and remote sensing technologies to enhance the efficiency and accuracy of civil engineering projects, reduce costs, and increase productivity are stimulating the growth of the market around the world.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Service Type:

• Planning and Design

• Construction

• Maintenance

• Others

Breakup by Application:

• Real Estate

• Infrastructure

• Industrial

Breakup by End User:

• Government

• Private

• Others

Market Breakup by Region:

• North America (United States, Canada)

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

ACS Actividades de Construcción y Servicios S.A., AECOM, Fluor Corporation, Hyundai Engineering and Construction Co. Ltd. (Hyundai Motor Company), Jacobs Engineering Group Inc., Laing O'Rourke, Power Construction Corporation of China Ltd., Royal BAM Group nv, Saipem S.p.A. (Eni S.p.A.), Strabag SE (Basalt-Actien-Gesellschaft), Tetra Tech Inc. and Vinci SA.

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