The global geotechnical services market was valued at $1.9 billion in 2020, and is projected to reach $3.7 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030.
Geotechnical engineering is a field of civil engineering that studies materials beneath the earth's surface. Geotechnical services are used to plan infrastructure such as bridges and tunnels as well as other onshore and offshore structures. Mathematical computations and assessing load-bearing capacity as well as deformation in man-made structures, are all included in the services. The expanding building and infrastructure business across the globe acts as a key driving force of the global geotechnical services market.
The growth of the global geotechnical services market is expected to be driven by implementation of environmental policies that promote the use of cleaner, more environmental-friendly energy sources. Moreover, focus on reducing dependency on conventional power is expected to notably contribute toward the market growth. Wind energy is an important renewable energy source that has the potential to resolve a myriad of global issues such as power generation. Geotechnical surveys are one of the most prevalent services utilized in wind turbine installation.
Geotechnical studies help to evaluate the properties of the seabed to ensure that offshore wind turbines, substations, and cabling equipment are located in the best possible location. Moreover, the construction of wind power facilities in a number of nations is expected to boost the growth of the geotechnical services market during the forecast period. According to government statistics, the underground city space design segment was the largest supporter of the global geotechnical designing business sector in terms of both value and volume in 2018, and this trend is expected to continue through the end of 2024. However, the cost of geotechnical equipment escalates, as range, resolution, accuracy, precision, and repeatability increase. As a result, high cost of geotechnical services restrains the growth of the market. Conversely, high growth potential in Asia-Pacific and GCC countries as well as increase in investments in oil & gas and major energy projects are expected to create remunerative opportunities for the expansion of the global market during the forecast period.
The global geotechnical services market is segmented into type, application, and region. By type, the market is segregated into underground city space, slope & excavation, and ground & foundation. On the basis of application, it is fragmented into bridge & tunnel, building construction, marine, mining, municipal, oil & gas, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in this report include AECOM, Stantec, Geoquip Marine Group, WSP, Fugro, HDR, EGS Survey, Gardline Limited, Arup, and Kiewit Corp. The global geotechnical services market report provides in-depth competitive analysis as well as profiles of these major players.
2. Stantec
3. Geoquip Marine Group
4. WSP
5. Fugro
6. HDR
7. EGS Survey
8. Gardline Limited
9. Arup
10. Kiewit Corp
Geotechnical engineering is a field of civil engineering that studies materials beneath the earth's surface. Geotechnical services are used to plan infrastructure such as bridges and tunnels as well as other onshore and offshore structures. Mathematical computations and assessing load-bearing capacity as well as deformation in man-made structures, are all included in the services. The expanding building and infrastructure business across the globe acts as a key driving force of the global geotechnical services market.
The growth of the global geotechnical services market is expected to be driven by implementation of environmental policies that promote the use of cleaner, more environmental-friendly energy sources. Moreover, focus on reducing dependency on conventional power is expected to notably contribute toward the market growth. Wind energy is an important renewable energy source that has the potential to resolve a myriad of global issues such as power generation. Geotechnical surveys are one of the most prevalent services utilized in wind turbine installation.
Geotechnical studies help to evaluate the properties of the seabed to ensure that offshore wind turbines, substations, and cabling equipment are located in the best possible location. Moreover, the construction of wind power facilities in a number of nations is expected to boost the growth of the geotechnical services market during the forecast period. According to government statistics, the underground city space design segment was the largest supporter of the global geotechnical designing business sector in terms of both value and volume in 2018, and this trend is expected to continue through the end of 2024. However, the cost of geotechnical equipment escalates, as range, resolution, accuracy, precision, and repeatability increase. As a result, high cost of geotechnical services restrains the growth of the market. Conversely, high growth potential in Asia-Pacific and GCC countries as well as increase in investments in oil & gas and major energy projects are expected to create remunerative opportunities for the expansion of the global market during the forecast period.
The global geotechnical services market is segmented into type, application, and region. By type, the market is segregated into underground city space, slope & excavation, and ground & foundation. On the basis of application, it is fragmented into bridge & tunnel, building construction, marine, mining, municipal, oil & gas, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in this report include AECOM, Stantec, Geoquip Marine Group, WSP, Fugro, HDR, EGS Survey, Gardline Limited, Arup, and Kiewit Corp. The global geotechnical services market report provides in-depth competitive analysis as well as profiles of these major players.
Key benefits for stakeholders
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- It outlines the current trends and future estimations of the geotechnical services market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, & opportunities and their detailed impact analysis are explained in the study.
- The profiles of key players and their key strategic developments are enlisted in the report.
Key market segments
By Type
- Underground city space
- Slope & excavation
- Ground & foundation
By Application
- Bridge & tunnel
- Building construction
- Marine
- Mining
- Municipal
- Oil & gas
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
KEY PLAYERS in the global Geotechnical Services Market are:
1. AECOM2. Stantec
3. Geoquip Marine Group
4. WSP
5. Fugro
6. HDR
7. EGS Survey
8. Gardline Limited
9. Arup
10. Kiewit Corp
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: GEOTECHNICAL SERVICES MARKET, BY TYPE
CHAPTER 5: GEOTECHNICAL SERVICES MARKET, BY APPLICATION
CHAPTER 6: GEOTECHNICAL SERVICES MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES:
List of Tables
List of Figures
Companies Mentioned
- AECOM S.A.tec
- Geoquip Marine Group
- WSP
- Fugro
- HDR
- EGS Survey
- Gardline Limited
- Arup and Kiewit Corp
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 215 |
| Published | October 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 1.9 billion |
| Forecasted Market Value ( USD | $ 3.7 billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
