How Is The Heavy And Civil Engineering Construction Market Segmented?
The heavy and civil engineering construction market covered in this report is segmented –
1) By Type: Utility System Construction, Highway, Street, And Bridge Construction, Other Heavy And Civil Engineering Construction
2) By Organization Size: Large Enterprises, Small And Medium Enterprises
3) By End User: Private, Public
Subsegments:
1) By Utility System Construction: Water And Sewer Line Construction, Electrical Power And Communication Line Construction, Oil And Gas Pipeline Construction, Other Utility System Construction
2) By Highway, Street, And Bridge Construction: Highway Construction, Street And Road Construction, Bridge Construction, Tunnel Construction
3) By Other Heavy And Civil Engineering Construction: Dams And Levees Construction, Site Preparation And Excavation, Heavy Machinery Installation, Earthworks And Grading, Environmental Remediation And Restoration
What Is Driving The Heavy And Civil Engineering Construction Market? Economic Growth Fuels Expansion Of Heavy And Civil Engineering Construction Markets
The increasing economic growth is driving the growth of the heavy and civil engineering construction markets. Economic growth denotes the expansion of an economy's ability to generate goods and services as time progresses. The construction sector, including civil engineering construction, can actively contribute to economic growth by means of infrastructure advancement, job creation, government contracts, and enhancements in productivity. For instance, in September 2023, according to the Bureau of Economic Analysis, a US-based government agency, during the second quarter of 2023, the United States experienced a 2.4% increase in real GDP, marking an improvement from the 2.0% growth observed in the preceding quarter. Therefore, the increasing economic growth will propel the growth of the heavy and civil engineering construction markets.
Who Are The Major Players In The Global Heavy And Civil Engineering Construction Market?
Major companies operating in the heavy and civil engineering construction market include Galfar Engineering & Contracting SAOG, Infrastructure and Energy Alternatives, Inc. (IEA), Ames Construction, Zachry Construction Corporation, Superior Construction, Emery Sapp & Sons, Inc., Blythe Construction, Inc., Texas Sterling Construction Co., Morgan Corp., Haydon Building Corp, Larsen & Toubro, Hindustan Construction Company (HCC), GMR Group, Tata Projects Ltd., DLF Limited, Essar Group, IRB Infrastructure Developers Ltd., Afcons Infrastructure Limited, Jaypee Group, KEC International Ltd., Punj Lloyd, Simplex Infrastructures Ltd., Gammon India, Sadbhav Engineering Limited, B L Kashyap and Sons Ltd., Nagarjuna Construction Company Ltd.
What Are The Key Trends Of The Global Heavy And Civil Engineering Construction Market? Technological Advancements Fueling Growth In Heavy And Civil Engineering Construction
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.
What Are The Key Trends Of The Global Heavy And Civil Engineering Construction Market? Innovative Building Construction Software Transforming The Heavy And Civil Engineering Construction Market
Major companies in the heavy and civil engineering construction market are developing user-friendly building construction software and other innovative products to gain a competitive edge in the industry. Construction building software is a type of software that is designed to help manage construction projects. It can help with tasks such as project planning, scheduling, budgeting, and communication. For instance, in April 2023, Topcon Positioning Systems Inc., a Japan-based provider of positioning technology, launched the Digital Layout. The software is designed to provide a distinct competitive advantage in the fast-paced building construction industry for general contractors, concrete contractors, mechanical, electrical, and plumbing (MEP) contractors, steel erectors, fire suppression companies, and more. Designed to help both first-time and experienced users of digital layout technology, this cost-efficient building construction field software works in combination with a 3D laser, the Topcon LN, or a Topcon GT robotic total station, providing a step-by-step guide to streamline routines and workflows.
What Are The Key Trends Of The Global Heavy And Civil Engineering Construction Market? MMC RYOTEC Expands Manufacturing Capacity For Mining And Civil Engineering Tools With New Plant In Thailand
Major companies operating in the heavy and civil engineering construction market are focused on innovating manufacturing plants for the production of mining and civil engineering tools to enhance efficiency and meet industry demands. Mining and civil engineering tools are specialized equipment and instruments used in the extraction of minerals and the construction of infrastructure. For instance, in August 2024, MMC RYOTEC Corporation, a Japan-based manufacturer of quality wear resistant tools and subsididary of Mitsubishi Materials Corporation, a Japan-based manufacturer of cement products is constructing a new plant in Thailand aimed at doubling its manufacturing capacity for mining and civil engineering tools. The new facility will feature advanced machining and heat treatment capabilities to enhance production efficiency. This expansion is driven by the increasing global demand for resources and infrastructure development.
Regional Outlook For The Global Heavy And Civil Engineering Construction Market
Asia-Pacific was the largest region in the heavy and civil engineering construction market in 2024. North America was the second-largest in the heavy and civil engineering construction market. The regions covered in the heavy and civil engineering construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the heavy and civil engineering construction market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
What Defines the Heavy And Civil Engineering Construction Market?
The heavy and civil engineering construction market includes revenues earned by entities by water and sewer line and related structures construction, oil and gas pipeline and related structures construction, power and communication line and related structures construction, roads and highways, bridges and tunnels, other highway, street, and bridge construction, marine and ports construction, rail road construction, and sea wall construction. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Heavy And Civil Engineering Construction Industry?
The heavy and civil engineering construction market research report is one of a series of new reports from The Business Research Company that provides heavy and civil engineering construction market statistics, including heavy and civil engineering construction industry global market size, regional shares, competitors with a heavy and civil engineering construction market share, detailed heavy and civil engineering construction market segments, market trends and opportunities, and any further data you may need to thrive in the heavy and civil engineering construction industry. This heavy and civil engineering construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
