Market Research Report
Civil Engineering Market Size, Share & Trends Analysis Report By Service (Planning & Design, Construction), By Application (Real Estate, Infrastructure), By Customer, And Segment Forecasts, 2020 - 2027
|Published by||Grand View Research, Inc.||Product code||744613|
|Published||Content info||143 Pages
Delivery time: 2-3 business days
|Civil Engineering Market Size, Share & Trends Analysis Report By Service (Planning & Design, Construction), By Application (Real Estate, Infrastructure), By Customer, And Segment Forecasts, 2020 - 2027|
|Published: February 20, 2020||Content info: 143 Pages||
The global civil engineering market size is expected to reach USD 13.35 trillion by 2027, according to a new report by Grand View Research Inc. It is projected to exhibit a CAGR of 5.4% during the forecast period. Rising public-private partnership to aid the investment in infrastructure development in emerging economies is expected to bolster the growth.
Increasing adoption of advanced technologies and digitalization is expected to have positive impact on sustainable development of civil engineering value chain across the globe. These trends are expected to strengthen the network of players in the construction value chain and facilitate the digital transformation process, thereby driving the market for civil engineering.
Numerous market players are focusing on the use of green building products owing to the rising significance of eco-friendly products and energy efficiency. Thus, the shift of construction sector from the use conventional construction materials, is expected to heighten of importance of civil engineering for the successful execution of construction projects.
The government, private contractors, and public-private partnerships are the major buyers of civil engineering services for the development of residential and commercial projects, infrastructure projects, and industrial facilities. Rapid rise in service standardization and establishment of regulatory norms among major economies is anticipated to positively influence the market growth.