The Heavy And Civil Engineering Construction by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Heavy And Civil Engineering Construction Market:
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According to The Business Research Company’s Heavy And Civil Engineering Construction, The heavy and civil engineering construction market size has grown steadily in recent years. It will grow from $1953.67 billion in 2023 to $2036.67 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to growth in emerging markets, low interest rate environment, technological developments and strategic collaborations.
The heavy and civil engineering construction market size is expected to see steady growth in the next few years. It will grow to $2420.32 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to increasing population growth, rising urbanization, increasing infrastructure development, rapid industrialization and rising government initiatives. Major trends in the forecast period include using 3d printing technologies to reduce costs and improve efficiencies, focus on use drones technology with the potential to rapidly map large areas over long distances, producing valuable aerial heat maps and thermal images, consider using prefabrication techniques to enhance construction efficiencies and reduce costs, invest in building information modeling (bim) technology to enhance construction quality and labor productivity, consider using construction management software to make construction business processes a lot easier through automation, invest in artificial intelligence to improve safety of the workers in the construction site to track real time interactions and potential safety issues, use new applications to manage their construction activities, and invest in smart highways for providing real time information to the drivers about the traffic information and road conditions, making driving safer..
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.
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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
Sub segments: 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, Sea Wall Construction, All Other Heavy And Civil Engineering Construction
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.
The heavy and civil engineering construction market report table of contents includes:
1. Executive Summary
2. Heavy And Civil Engineering Construction Market Characteristics
3.Heavy And Civil Engineering Construction Market Trends And Strategies
4.Heavy And Civil Engineering Construction Market analysis
5. Heavy And Civil Engineering Construction Market Size And Growth
6.Heavy And Civil Engineering Construction Segmentation
7.Heavy And Civil Engineering Construction Regional And Country Analysis
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27. Heavy And Civil Engineering ConstructionCompetitive Landscape And Company Profiles
28.Heavy And Civil Engineering Construction Key Mergers And Acquisitions
29.Heavy And Civil Engineering Construction Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- China Railway Construction Corporation Limited
- China Railway Group Ltd.
- China Communications Construction Co. Ltd.
- China State Construction Engineering Co. Ltd.
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