Civil Engineering Construction Market to Witness High Growth in near future: AECOM, Amec Foster Wheeler plc, United States Army Corps of Engineers, SNC-Lavalin
Global Civil Engineering Construction Market is expected to grow at a CAGR of +6% during the forecast period 2019-2026.The Chinese Civil Engineering Construction market has great potential due to one child policy discontinuation and positive outlook for healthcare, education, retail and infrastructure infrastructures.The APAC industrial infrastructure market has surpassed USD 156 billion in 2016. The growing demand for concept design and development, industrial expansion, and highly sophisticated equipment in many areas has a positive impact on the growth of the Civil Engineering Construction market.
The US Civil Engineering Construction market is expected to show an attractive growth. It is expected to exceed USD 1.9 trillion by 2026. Policy development of the American Society of Civil Engineers (ASCE) on better infrastructure solutions has spurred growth in local industries.
The EU, led by France, the United Kingdom and Germany, is projected to generate more than USD +1 trillion in business by 2026. Access, swimming pools, safety laws, sustainable housing, plumbing, industrial fire safety, agricultural construction and workshops will be a pivotal element in the construction industry.
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Top key players are including in this report: AECOM, Amec Foster Wheeler plc, United States Army Corps of Engineers, SNC-Lavalin, Jacobs Engineering Group, Inc., Galfar Engineering & Contracting SAOG, Fluor Corporation, HDR, Tetra Tech, Stantec etc.
With the increasing investment in smart grid, industrial automation, urban mobility and parking system technologies and policies, the growing demand for sophisticated infrastructure along with rising income levels should encourage growth in the Civil Engineering Construction market. World government purchases in 2016 exceeded USD +4 trillion. Major contributors include non-residential project expenditures related to public funds, including sewer and waste disposal, transportation, education, roads and highways, and water supply.
The Civil Engineering Construction market is expected to reach USD +11 trillion by 2026. With the increase in urban population, the demographic structure has stimulated the need for a sustainable and efficient infrastructure solution. The development of green buildings, sensor embedded roads and buildings, geopolymer concrete and water quality management will drive global growth in the Civil Engineering Construction industry.
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Low initial investment and high initial investment in ROI are key factors influencing the Civil Engineering Construction market trend. The unavailability of skilled labor and the prolongation of the project due to traditional processes can threaten growth.
Middle East led by increasing construction spending generated over USD 278 billion revenue from private business. Presence of large-scale manufacturers owing to huge infrastructure potential particularly in Qatar, Saudi Arabia, and Dubai have encouraged regional industry growth.
An increase in FDI inflows into Smart City projects in emerging regions will create a favorable market environment for contractors. Public private partnerships or alternative financing and procurement (AFP) projects are becoming increasingly important because of the variety of government-provided benefits, including one-time grants, income subsidies including tax benefits, and fixed-term guaranteed revenues.
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Major Factors:
• Global Civil Engineering Construction Market Overview
• Economic Impact on Market
• Market Competition
• Global Civil Engineering Construction Market Analysis by Application
• Industrial Chain, Sourcing Strategy and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders
• Global Civil Engineering Construction Market Effect, Factors, Analysis
• Global Civil Engineering Construction Market Forecast
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