Heavy And Civil Engineering Construction Market Recent Development And Future Growth Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Heavy And Civil Engineering Construction Market Size, Growth Rate, And Forecast
The global heavy and civil engineering construction market grew from $1840.28 billion in 2022 to $1936.17 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The heavy and civil engineering construction market is expected to grow to $2305.56 billion in 2027 at a CAGR of 4.5%.

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Heavy And Civil Engineering Construction Market Drivers
Technological development will drive the growth of heavy and civil engineering construction during the forecast period. Markets such as foundation, structure, and building exterior contractors that involve technology benefited from this trend. Areas of rapid technological change include smart highways, 3D concrete printing, drone surveying, kinetic roads, "tiny houses," and solar roads. Due to the advancement in technology, the demand for better infrastructure will increase and positively impact the demand for heavy and civil engineering construction.

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Heavy And Civil Engineering Construction Market Segments
1) By Type: Utility System Construction, Highway, Street, And Bridge Construction, Other Heavy And Civil Engineering Construction

2) By Organisation Size: Large Enterprises, Small and Medium Enterprises

3) By End User: Private, Public

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Heavy And Civil Engineering Construction Market.

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Heavy And Civil Engineering Construction Market Key Players
Major competitors in the Heavy And Civil Engineering Construction Market include China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Co Ltd., China State Construction Engineering Corporation Ltd., Power Construction Corporation of China

The Business Research Company's "Global Heavy And Civil Engineering Construction Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Heavy And Civil Engineering Construction Market Include:
1. Executive Summary
2. Report Structure
3. Heavy And Civil Engineering Construction Market Characteristics
4. Heavy And Civil Engineering Construction Market Product Analysis
5. Heavy And Civil Engineering Construction Market Supply Chain
.......
21. Heavy And Civil Engineering Construction Market Competitive Landscape
22. Key Mergers And Acquisitions In The Heavy And Civil Engineering Construction Market
23. Market Background: Construction Market
24. Recommendations
26. Copyright And Disclaimer

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