RationalStat Market Report | Geotechnical Engineering Market to Reach a Capital Expenditure of US$ 5.4 Billion by 2030

The global geotechnical engineering market is expected to reach US$ 5.4 billion by 2030, with an annual growth rate of 6.4%

Global Geotechnical Engineering Market is estimated at a market revenue of US$ 3.5 billion in 2023 and is predicted to rise at a substantial CAGR of 6.4% during the forecast period of 2023 and 2030 according to RationalStat analysis.

Market Definition, Market Scope, and Report Overview

Geotechnical engineering is a subfield of civil engineering concerned with the behavior of earth elements such as soil, rock, and groundwater in the design and building of civil engineering projects. Geotechnical engineers evaluate these materials' physical properties to determine their stability, load-bearing capacity, and potential for movement.

The increasing demand for infrastructure, urbanization, environmental considerations, natural disaster mitigation, energy projects, coastal protection, climate change adaptation, technological advancements, regulatory compliance, and the overarching need for public safety and risk management are driving the geotechnical engineering market.

• According to a deep-dive market assessment by RationalStat, the global Geotechnical Engineering market has been analyzed on the basis of market segments, including type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the global Geotechnical Engineering market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the global Geotechnical Engineering market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Geotechnical Engineering Market: Segmental and Market Share Analysis
• On the basis of type, in 2022, the underground city space segment accounted for approximately 42.8% of the market share. Because of its expanded tunnel building and underground activity in emerging economies' industrial and residential sectors.
• On the basis of application, due to a growth in residential, office, and commercial developments, the municipal segment is expected to grow at the fastest rate during the forecast period.
Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 3.5 billion
Market Size Forecast US$ 5.4 billion
Growth Rate 6.4%

Key Market Drivers
• Increasing infrastructure development
• Rising Population and urbanization
• Technological advancements

Companies Profiled
• Black & Veatch
• Jacobs Solutions Inc.
• Bechtel Corporation
• Kiewit Corporation
• Stantec Inc.
• Gardline Limited
• HDR, Inc.
• Fugro N.V.
• AECOM

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Competition Analysis and Market Structure

Prominent companies and leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global geotechnical engineering market include,
• In February 2023, Fugro purchased two platform supply vessels, Topaz Energy and Topaz Endurance, with the intention of repurposing them to support subsea surveys in the offshore renewable, oil and gas industries.
• In February 2022, Jacobs signed partnership with Locus Engineering Management and Services Co. W.L.L. It is a Qatar-based asset management firm interested in oil and gas infrastructure, maintenance, and engineering.
Some of the prominent players and suppliers operating and contributing significantly to the global geotechnical engineering market growth include Black & Veatch, Jacobs Solutions Inc., Bechtel Corporation, Kiewit Corporation, Stantec Inc., Gardline Limited, HDR, Inc., Fugro N.V., and AECOM, among others.

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RationalStat has segmented the global geotechnical engineering market based on type, application and region
• Global Geotechnical Engineering Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
o Underground City Space Engineering
o Ground & Foundation Engineering
o Slope & Excavation Engineering
o Others
• Global Geotechnical Engineering Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
o Municipal
o Oil & Gas
o Bridge & Tunnel
o Marine
o Others
• Global Geotechnical Engineering Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
o North America Geotechnical Engineering Market
 US
 Canada
o Latin America Geotechnical Engineering Market
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Geotechnical Engineering Market
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Geotechnical Engineering Market
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Geotechnical Engineering Market
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Geotechnical Engineering Market
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Geotechnical Engineering Report:

• What will be the market value of the global Geotechnical Engineering market by 2030?
• What is the market size of the global Geotechnical Engineering market?
• What are the market drivers of the global Geotechnical Engineering market?
• What are the key trends in the global Geotechnical Engineering market?
• Which is the leading region in the global Geotechnical Engineering market?
• What are the major companies operating in the global Geotechnical Engineering market?
• What are the market shares by key segments in the global Geotechnical Engineering market?

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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