Civil engineering is basically an implementation of physical as well as theoretical concepts to solve the problems of society. It is a technical engineering profession that mainly concerned with the design, construction and maintenance of naturally built and public structures like dams or bridges. Also, civil engineering includes a broad variety of disciplines, from geotechnical, structural, environmental, architecture, hydrology, transport and materials. Qingdao Haiwan Bridge, Burj Khalifa, English Channel Tunnel and Hoover Dam are some of the biggest civil engineering projects around the globe.
Global Civil Engineering Market: Key Players
The research study includes profiles of leading companies operating in the global civil engineering market. Key players profiled in the report include: AECOM, Amec Foster Wheeler plc, United States Army Corps of Engineers, SNC-Lavalin, Jacobs Engineering Group, Inc., Galfar Engineering & Contracting SAOG, Fluor Corporation, HDR, Inc., Tetra Tech, Inc., and Stantec, Inc.
Drivers for the Global Civil Engineering Market:
According to current market condition, increasing need for accommodation due to growth in urban population and growing investment by government and private bodies for infrastructural development are the major growth driver for the civil engineering market. In addition, increased in demand for green building system as well as growing infrastructural development has boosted the demand for civil engineering. Moreover, advancement in technology in various civil engineering processes and event, in addition to advent of various software and solutions, has encouraged the market to a great extent.
Opportunities for the Global Civil Engineering Market:
Players operating in the market for civil engineering services market are increasingly focusing on the use of green building materials owing to emerging concept of sustainable building structures and energy efficiency. In addition, continuous introduction of new and innovative building materials and technologies is also expected to create lucrative opportunities for the market players in near future.
Restrains for the Global Civil Engineering Market:
However, lack of skilled labor can be the major restraint for the civil engineering market. Along with that government rules and regulations are some of the factors restraining the market growth.
Region Wise, Global Civil Engineering Market Analysis:
On the basis of region, global civil engineering market includes North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Geographically, Asia-Pacific held the largest share in the civil engineering market, due to fast expansion of real estate sector along with infrastructure development in emerging economies, such as India and China. Also. the market in this region is majorly driven by technological advancements in construction industry coupled with presence of manufacturers in this market. Asia pacific region is followed by North America and Europe.
Covid-19: Impact and Recovery Analysis for Global Civil Engineering Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries like: civil engineering market globally. Most of the industries and businesses like: civil engineering market are shifting to manufacturing equipment that can support the covid-19 spread from increasing and spreading. The concern for the sector is that most of it has already been facing financial stress, shrinking orders and tight working capital. Now with the disruption in work, movement of labor and breakdown of the supply chain, recovery would be a challenge. A huge number of contract labors who are totally dependent on their company for their daily livelihood and are important for the company to protect them at this point of time from the vagaries of work and ensure that their daily needs are met at both the worksites and camps.
Global Civil Engineering Market: Product analysis
- Planning & Design
Global Civil Engineering Market: Application analysis
- Real Estate
Global Civil Engineering Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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