This report describes and evaluates the global heavy and civil engineering construction market. It covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031.
The global heavy and civil engineering construction market reached a value of nearly $1,742.92 billion in 2021, having increased at a compound annual growth rate (CAGR) of 2.5% since 2016. The market is expected to grow from $1,742.92 billion in 2021 to $2,466.61 billion in 2026 at a rate of 7.2%. The market is then expected to grow at a CAGR of 5.6% from 2026 and reach $3,246.44 billion in 2031.
Growth in the historic period resulted from strong economic growth in emerging markets, low interest rate environment, technological developments and strategic collaborations. Factors that negatively affected growth in the historic period were high material prices and geo-political tensions.
Going forward, increasing population growth, rising urbanization, increasing infrastructure development, rapid industrialization and rising government initiatives will drive the market growth. Factors that could hinder the growth of the heavy and civil engineering construction market in the future include health and safety measures, reduction in free trade and the coronavirus pandemic.
The heavy and civil engineering construction market is segmented by type into utility system construction, highway, street, and bridge construction, and other heavy and civil engineering construction. The highway, street, and bridge construction was the largest segment of the heavy and civil engineering construction market by type, accounting for $781.49 billion or 44.8% of the total market in 2021. Highway, street, and bridge construction is expected to be the fastest-growing segment going forward at a CAGR of 8.2%.
The utility system construction market is further segmented by type into water and sewer line and related structures construction, oil and gas pipeline and related structures construction and power and communication line and related structures construction. The power and communication line and related structures construction was the largest segment of the utility system construction market by type, accounting for $320.90 billion or 45.4% of the total market in 2021. Power and communication line and related structures construction is expected to be the fastest-growing segment going forward at a CAGR of 9.6%.
The highway, street, and bridge construction market is further segmented by type into roads and highways, bridges and tunnels and other highway, street, and bridge construction. The roads and highways was the largest segment of the highway, street, and bridge construction market by type, accounting for $619.56 billion or 87.7% of the total market in 2021. Bridges and tunnels is expected to be the fastest-growing segment going forward at a CAGR of 9.7%.
The other heavy and civil engineering construction market is further segmented by type into marine and ports construction, rail road construction, sea wall construction and all other heavy and civil engineering construction. The rail road construction was the largest segment of the other heavy and civil engineering construction market by type, accounting for $181.3 billion or 71.0% of the total market in 2021. Rail road construction is expected to be the fastest-growing segment going forward at a CAGR of 6.9%.
The heavy and civil engineering construction market is also segmented by organization size into large enterprises, small and medium enterprises. The small and medium enterprises market was the largest segment of the heavy and civil engineering construction market by organization size, accounting for $902.56 billion or 51.8% of the total market in 2021. Large enterprises is expected to be the fastest-growing segment going forward at a CAGR of 7.3%.
Asia Pacific was the largest region in the heavy and civil engineering construction market, accounting for 39.6% of the global market in 2021. It was followed by North America, Western Europe and the other regions. Going forward, the fastest growing regions in the heavy and civil engineering construction market will be Africa and Eastern Europe, where growth will be at CAGRs of 16.6% and 7.7% respectively from 2021-2026.
The COVID-19 outbreak had a significant impact on the supply chain of the construction industry as governments globally imposed lockdowns and suspended domestic and international transportation services to contain the virus. The severity of the impact on the industry was dependent on government measures to contain the spread of the virus and stimulus packages to support the highly effected business and others. Manufacturing and supply of construction materials was affected as facilities were shut down and the movement of people and goods were restricted. For instance, the US depends on China for 30% of its construction materials imports and around 20% each from Canada and Mexico. As Canada and Mexico announced lockdown restrictions and closed their borders, the import of construction materials into the US was affected. Ports in the US witnessed a 20% decline in cargo volumes in the first quarter of 2020.
The global heavy and civil engineering construction market is concentrated, with a large number of players. The top ten competitors in the market made up to 26.89% of the total market in 2021. This is mainly due to the presence of a large number of players who cater to the local population as the majority of customers use construction services which are closer to their locations. However large companies play a leading role in major infrastructure construction projects. Major players in the market are The China Railway Construction Corporation Limited, China Railway Group Ltd., China Communications Construction Co. Ltd., China State Construction Engineering Co., Ltd., Power Construction Corporation of China, Vinci S.A., Bouygues S.A., Strabag SE, Skanska Group, Bechtel Corporation and others.
The top opportunities in the heavy and civil engineering construction market by type will arise in the highway, street, and bridge construction market, which will gain $375.4 billion of global annual sales by 2026. The top opportunities in the utility system construction market by type will arise in the power and communication line and related structures construction market, which will gain $186.9 billion of global annual sales by 2026. The top opportunities in the highway, street, and bridge construction market by type will arise in the roads and highways market, which will gain $283.3 billion of global annual sales by 2026. The top opportunities in the other heavy and civil engineering construction market by type will arise in the rail road construction market, which will gain $72.3 billion of global annual sales by 2026. The top opportunities in the heavy and civil engineering construction market by organization size will arise in large enterprises market, which will gain $377.8 billion of global annual sales by 2026. The heavy and civil engineering construction market size will gain the most in the China at $139.6 billion.
Market-trend-based strategies for the heavy and civil engineering construction market include consider 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.
Player-adopted strategies in the heavy and civil engineering construction industry include expanding business in other countries through strategic partnerships and agreements, reinforce position in different regions through contracts and strengthen business by acquiring or merging with companies having same business.
To take advantage of the opportunities, the publisher recommends the heavy and civil engineering construction companies to increase use of 3D printing, focus on prefabrication techniques, increase investments in building information modeling (BIM), use construction management software, use artificial intelligence, invest in smart highways, expand in emerging markets, continue to focus on developed countries, offer competitive pricing, continue to participate in trade shows and events and target governments.
The global heavy and civil engineering construction market reached a value of nearly $1,742.92 billion in 2021, having increased at a compound annual growth rate (CAGR) of 2.5% since 2016. The market is expected to grow from $1,742.92 billion in 2021 to $2,466.61 billion in 2026 at a rate of 7.2%. The market is then expected to grow at a CAGR of 5.6% from 2026 and reach $3,246.44 billion in 2031.
Growth in the historic period resulted from strong economic growth in emerging markets, low interest rate environment, technological developments and strategic collaborations. Factors that negatively affected growth in the historic period were high material prices and geo-political tensions.
Going forward, increasing population growth, rising urbanization, increasing infrastructure development, rapid industrialization and rising government initiatives will drive the market growth. Factors that could hinder the growth of the heavy and civil engineering construction market in the future include health and safety measures, reduction in free trade and the coronavirus pandemic.
The heavy and civil engineering construction market is segmented by type into utility system construction, highway, street, and bridge construction, and other heavy and civil engineering construction. The highway, street, and bridge construction was the largest segment of the heavy and civil engineering construction market by type, accounting for $781.49 billion or 44.8% of the total market in 2021. Highway, street, and bridge construction is expected to be the fastest-growing segment going forward at a CAGR of 8.2%.
The utility system construction market is further segmented by type into water and sewer line and related structures construction, oil and gas pipeline and related structures construction and power and communication line and related structures construction. The power and communication line and related structures construction was the largest segment of the utility system construction market by type, accounting for $320.90 billion or 45.4% of the total market in 2021. Power and communication line and related structures construction is expected to be the fastest-growing segment going forward at a CAGR of 9.6%.
The highway, street, and bridge construction market is further segmented by type into roads and highways, bridges and tunnels and other highway, street, and bridge construction. The roads and highways was the largest segment of the highway, street, and bridge construction market by type, accounting for $619.56 billion or 87.7% of the total market in 2021. Bridges and tunnels is expected to be the fastest-growing segment going forward at a CAGR of 9.7%.
The other heavy and civil engineering construction market is further segmented by type into marine and ports construction, rail road construction, sea wall construction and all other heavy and civil engineering construction. The rail road construction was the largest segment of the other heavy and civil engineering construction market by type, accounting for $181.3 billion or 71.0% of the total market in 2021. Rail road construction is expected to be the fastest-growing segment going forward at a CAGR of 6.9%.
The heavy and civil engineering construction market is also segmented by organization size into large enterprises, small and medium enterprises. The small and medium enterprises market was the largest segment of the heavy and civil engineering construction market by organization size, accounting for $902.56 billion or 51.8% of the total market in 2021. Large enterprises is expected to be the fastest-growing segment going forward at a CAGR of 7.3%.
Asia Pacific was the largest region in the heavy and civil engineering construction market, accounting for 39.6% of the global market in 2021. It was followed by North America, Western Europe and the other regions. Going forward, the fastest growing regions in the heavy and civil engineering construction market will be Africa and Eastern Europe, where growth will be at CAGRs of 16.6% and 7.7% respectively from 2021-2026.
The COVID-19 outbreak had a significant impact on the supply chain of the construction industry as governments globally imposed lockdowns and suspended domestic and international transportation services to contain the virus. The severity of the impact on the industry was dependent on government measures to contain the spread of the virus and stimulus packages to support the highly effected business and others. Manufacturing and supply of construction materials was affected as facilities were shut down and the movement of people and goods were restricted. For instance, the US depends on China for 30% of its construction materials imports and around 20% each from Canada and Mexico. As Canada and Mexico announced lockdown restrictions and closed their borders, the import of construction materials into the US was affected. Ports in the US witnessed a 20% decline in cargo volumes in the first quarter of 2020.
The global heavy and civil engineering construction market is concentrated, with a large number of players. The top ten competitors in the market made up to 26.89% of the total market in 2021. This is mainly due to the presence of a large number of players who cater to the local population as the majority of customers use construction services which are closer to their locations. However large companies play a leading role in major infrastructure construction projects. Major players in the market are The China Railway Construction Corporation Limited, China Railway Group Ltd., China Communications Construction Co. Ltd., China State Construction Engineering Co., Ltd., Power Construction Corporation of China, Vinci S.A., Bouygues S.A., Strabag SE, Skanska Group, Bechtel Corporation and others.
The top opportunities in the heavy and civil engineering construction market by type will arise in the highway, street, and bridge construction market, which will gain $375.4 billion of global annual sales by 2026. The top opportunities in the utility system construction market by type will arise in the power and communication line and related structures construction market, which will gain $186.9 billion of global annual sales by 2026. The top opportunities in the highway, street, and bridge construction market by type will arise in the roads and highways market, which will gain $283.3 billion of global annual sales by 2026. The top opportunities in the other heavy and civil engineering construction market by type will arise in the rail road construction market, which will gain $72.3 billion of global annual sales by 2026. The top opportunities in the heavy and civil engineering construction market by organization size will arise in large enterprises market, which will gain $377.8 billion of global annual sales by 2026. The heavy and civil engineering construction market size will gain the most in the China at $139.6 billion.
Market-trend-based strategies for the heavy and civil engineering construction market include consider 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.
Player-adopted strategies in the heavy and civil engineering construction industry include expanding business in other countries through strategic partnerships and agreements, reinforce position in different regions through contracts and strengthen business by acquiring or merging with companies having same business.
To take advantage of the opportunities, the publisher recommends the heavy and civil engineering construction companies to increase use of 3D printing, focus on prefabrication techniques, increase investments in building information modeling (BIM), use construction management software, use artificial intelligence, invest in smart highways, expand in emerging markets, continue to focus on developed countries, offer competitive pricing, continue to participate in trade shows and events and target governments.
Table of Contents
1. Heavy And Civil Engineering Construction Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure8. Heavy And Civil Engineering Construction Market, Product/Service Analysis - Product/Service Examples9. Heavy And Civil Engineering Construction Market, Supply Chain Analysis31. Copyright And Disclaimer
6. Introduction
7. Heavy And Civil Engineering Construction Market Characteristics
10. Heavy And Civil Engineering Construction Market Customer Information
11. Heavy And Civil Engineering Construction Market Trends And Strategies
12. Impact Of COVID-19 On The Heavy And Civil Engineering Construction Market
13. Global Heavy And Civil Engineering Construction Market Size And Growth
14. Heavy And Civil Engineering Construction Market, Regional Analysis
15. Global Heavy And Civil Engineering Construction Market Segmentation
16. Heavy And Civil Engineering Construction Market Segmentation
17. Global Heavy And Civil Engineering Construction Market Comparison with Macro Economic Factors
18. Asia-Pacific Heavy And Civil Engineering Construction Market
19. Western Europe Heavy And Civil Engineering Construction Market
20. Eastern Europe Heavy And Civil Engineering Construction Market
21. North America Heavy And Civil Engineering Construction Market
22. South America Heavy And Civil Engineering Construction Market
23. Middle East Heavy And Civil Engineering Construction Market
24. Africa Heavy And Civil Engineering Construction Market
25. Heavy And Civil Engineering Construction Global Market Competitive Landscape
26. Key Mergers And Acquisitions In Global Heavy And Engineering Construction Market
27. Market Background: Construction Market
28. Global Heavy And Civil Engineering Construction Market Opportunities And Strategies
29. Heavy And Civil Engineering Construction Market, Conclusions And Recommendations
30. Appendix
Executive Summary
Heavy And Civil Engineering Construction Global Market Opportunities And Strategies To 2031 provides the strategists; marketers and senior management with the critical information they need to assess the global heavy and civil engineering construction market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 48 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description:
Where is the largest and fastest growing market for heavy and civil engineering construction? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The heavy and civil engineering construction market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider heavy and civil engineering construction market; and compares it with other markets.
The report covers the following chapters
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report.
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - The introduction section of the report gives a brief introduction about segmentation by geography, segmentation by type and by organization size.
- Market Characteristics - The market characteristics section of the report defines and explains the heavy and civil engineering construction market. This section includes different products covered in the report and basic definitions.
- Product Analysis - The product analysis section of the report describes the leading products in the market along with key features and differentiators for those products/services.
- Supply Chain - The supply chain section of the report defines and explains the key players in the heavy and civil engineering construction industry supply chain.
- Customer Information- This section covers recent customers’ trends/preferences in the global heavy and civil engineering construction market.
- Trends And Strategies - This section describes the major trends shaping the global heavy and civil engineering construction market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- Impact of COVID-19 - This section describes the impact of COVID-19 on the heavy and civil engineering construction market.
- Global Market Size And Growth - This section contains the global historic (2016-2021) and forecast (2021-2026 and 2026-2031) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2016-2021) and forecast (2021-2026 and 2026-2031) market value and growth, and market share comparison by region.
- Market Segmentation - This section contains the market values (2016-2031) and analysis for segment by type and by organization size in the market.
- Regional Market Size And Growth - This section contains the region’s market size (2021), historic (2016-2021) and forecast (2021-2026 and 2026-2031) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa).
- Competitive Landscape - This section covers details on the competitive landscape of the global heavy and civil engineering construction market, estimated market shares, and company profiles of the leading players.
- Key Mergers And Acquisitions - This section gives information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Background - This section describes the construction market of which the heavy and civil engineering construction market is a segment. This section includes the construction market 2016-26 values, and regional analyses and segment analysis of construction market.
- Market Opportunities And Strategies - This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for heavy and civil engineering construction providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations, and currencies codes used in this report.
Scope
Markets Covered:
1) By Type: Utility System Construction; Highway, Street, And Bridge Construction; Other Heavy And Civil Engineering Construction
a) By Utility System Construction: Water And Sewer Line And Related Structures Construction; Oil And Gas Pipeline And Related Structures Construction; Power And Communication Line And Related Structures Construction
b) By Highway, Street, And Bridge Construction: Roads And Highways; Bridges And Tunnels; Other Highway, Street, And Bridge Construction
c) By Other Heavy And Civil Engineering Construction: Marine And Ports Construction; Rail Road Construction; Sea Wall Construction; All Other Heavy And Civil Engineering Construction
2) By Organization Size: Large Enterprises; Small And Medium Enterprises
Companies Mentioned: China Railway Construction Corporation Limited; China Railway Group Ltd.; China Communications Construction Co. Ltd.; China State Construction Engineering Co. Ltd.; Power Construction Corporation of China
Countries: China, Japan, India, Australia, USA, Brazil, UK, Germany, France, Spain, Italy, Russia, South Korea, Singapore, Thailand, Indonesia, Vietnam, Philippines, Malaysia, New Zealand, Hong Kong, Belgium, Sweden, Austria, Denmark, Netherlands, Norway, Finland, Portugal, Switzerland, Ireland, Poland, Czech Republic, Romania, Canada, Mexico, Argentina, Peru, Venezuela, Colombia, Chile, Saudi Arabia, Turkey, UAE, Israel, South Africa, Egypt, Nigeria
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; heavy and civil engineering construction indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- China Railway Construction Corporation Limited
- China Railway Group Ltd.
- China Communications Construction Co. Ltd.
- China State Construction Engineering Co. Ltd.
- Power Construction Corporation of China
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 373 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1742.92 Billion |
| Forecasted Market Value ( USD | $ 3246.44 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
