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The global civil engineering market was valued at US$ 8.38 Trillion in 2021.
We expect the global civil engineering market to exhibit a CAGR of 5.60% during 2022-2027.
The rising levels of urbanization, along with the growing demand for luxurious residential properties, are primarily driving the global civil engineering market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous construction and renovation activities, thereby limiting the demand for the civil engineering practice.
Based on the service type, the global civil engineering market can be segmented into planning and design, construction, maintenance, and others. Currently, construction holds the majority of the total market share.
Based on the application, the global civil engineering market has been divided into real estate, infrastructure, and industrial. Among these, real estate exhibits a clear dominance in the market.
Based on the end user, the global civil engineering market can be categorized into government, private, and others. Currently, government accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global civil engineering market include ACS Actividades de Construcción y Servicios S.A., AECOM, Fluor Corporation, Hyundai Engineering and Construction Co. Ltd. (Hyundai Motor Company), Jacobs Engineering Group Inc., Laing O'Rourke, Power Construction Corporation of China Ltd., Royal BAM Group nv, Saipem S.p.A. (Eni S.p.A.), Strabag SE (Basalt-Actien-Gesellschaft), Tetra Tech Inc., and Vinci SA.
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