This report describes and explains the heavy and civil engineering construction market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global heavy and civil engineering construction market reached a value of nearly $2.0 trillion in 2024, having grown at a compound annual growth rate (CAGR) of 3.92% since 2019. The market is expected to grow from $2.0 trillion in 2024 to $2.49 trillion in 2029 at a rate of 4.46%. The market is then expected to grow at a CAGR of 4.85% from 2029 and reach $3.15 trillion in 2034.
Growth in the historic period resulted from the investment in renewable power generation capabilities, growing investments in infrastructure, rapid industrialization, increasing public-private partnerships, increased focus on urban planning and development policies and growth in rail infrastructure development. Factors that negatively affected growth in the historic period were high material prices and stringent environmental regulations.
Going forward, increasing electricity demand, development of transportation infrastructure, increasing government support and urban redevelopment will drive the growth. Factor that could hinder the growth of the heavy and civil engineering construction market in the future include lack of skilled workers and infrastructure funding gaps.
Asia-Pacific was the largest region in the heavy and civil engineering construction market, accounting for 37.69% or $754.93 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the heavy and civil engineering construction market will be Africa and Middle East where growth will be at CAGRs of 11.16% and 7.76% respectively. These will be followed by Asia-Pacific and Eastern Europe where the markets are expected to grow at CAGRs of 4.96% and 4.50% respectively.
The global heavy and civil engineering construction market is fairly concentrated, with large players operating in the market. The top 10 competitors in the market made up 28.43% of the total market in 2023. China Railway Construction Corporation Limited was the largest competitor with a 5.80% share of the market, followed by China Railway Group Ltd. with 5.32%, China State Construction Engineering Corporation Ltd. with 4.09%, China Communications Construction Company Limited with 3.14%, Power Construction Corporation of China (PowerChina Corp.) with 3.09%, Skanska AB with 2.73%, Bouygues SA with 1.47%, Hochtief AG with 1.07%, STRABAG Group AG with 0.95% and Kiewit Corporation with 0.77%.
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 market was the largest segment of the heavy and civil engineering construction market segmented by type, accounting for 43.60% or $873.4 billion of the total in 2024. Going forward, the highway, street and bridge construction segment is expected to be the fastest growing segment in the heavy and civil engineering construction market segmented by type, at a CAGR of 5.00% during 2024-2029.
The heavy and civil engineering construction market is segmented by organization size into small and medium enterprises and large enterprise. The large enterprises market was the largest segment of the heavy and civil engineering construction market segmented by organization size, accounting for 71.52% or $1.43 trillion of the total in 2024. Going forward, the large enterprises segment is expected to be the fastest growing segment in the heavy and civil engineering construction market segmented by organization size, at a CAGR of 4.60% during 2024-2029.
The heavy and civil engineering construction market is segmented by end user into private and public. The public market was the largest segment of the heavy and civil engineering construction market segmented by end user, accounting for 72.56% or $1.45 trillion of the total in 2024. Going forward, the private segment is expected to be the fastest growing segment in the heavy and civil engineering construction market segmented by end user, at a CAGR of 5.02% during 2024-2029.
The top opportunities in the heavy and civil engineering construction markets segmented by type will arise in the highway, street, and bridge construction segment, which will gain $241.52 billion of global annual sales by 2029. The top opportunities in the heavy and civil engineering construction markets segmented by organization size will arise in the large enterprises segment, which will gain $361.24 billion of global annual sales by 2029. The top opportunities in the heavy and civil engineering construction markets segmented by end user will arise in the public segment, which will gain $334.78 billion of global annual sales by 2029. The heavy and civil engineering construction market size will gain the most in the USA at $77.71 billion.
Market-trend-based strategies for the heavy and civil engineering construction market include strategic partnerships and collaborations among major players, wind-solar hybrid systems to enhance energy output and efficiency, merger and acquisitions to strengthen market position and groundbreaking of innovative nuclear demonstration project.
Player-adopted strategies in the heavy and civil engineering construction market include focus on strengthening business operations through new construction projects and focus on enhancing business operations through strategic collaborations and partnerships.
To take advantage of the opportunities, the analyst recommends the heavy and civil engineering construction to focus on expanding hybrid renewable energy capabilities, focus on advancing flexible nuclear energy integration, focus on the highway, street and bridge construction segment, focus on strategic partnerships to expand renewable infrastructure capabilities, expand in emerging markets, provide competitively priced offerings, continue to use B2B promotions and focus on the private market segment for higher growth returns.
The global heavy and civil engineering construction market reached a value of nearly $2.0 trillion in 2024, having grown at a compound annual growth rate (CAGR) of 3.92% since 2019. The market is expected to grow from $2.0 trillion in 2024 to $2.49 trillion in 2029 at a rate of 4.46%. The market is then expected to grow at a CAGR of 4.85% from 2029 and reach $3.15 trillion in 2034.
Growth in the historic period resulted from the investment in renewable power generation capabilities, growing investments in infrastructure, rapid industrialization, increasing public-private partnerships, increased focus on urban planning and development policies and growth in rail infrastructure development. Factors that negatively affected growth in the historic period were high material prices and stringent environmental regulations.
Going forward, increasing electricity demand, development of transportation infrastructure, increasing government support and urban redevelopment will drive the growth. Factor that could hinder the growth of the heavy and civil engineering construction market in the future include lack of skilled workers and infrastructure funding gaps.
Asia-Pacific was the largest region in the heavy and civil engineering construction market, accounting for 37.69% or $754.93 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the heavy and civil engineering construction market will be Africa and Middle East where growth will be at CAGRs of 11.16% and 7.76% respectively. These will be followed by Asia-Pacific and Eastern Europe where the markets are expected to grow at CAGRs of 4.96% and 4.50% respectively.
The global heavy and civil engineering construction market is fairly concentrated, with large players operating in the market. The top 10 competitors in the market made up 28.43% of the total market in 2023. China Railway Construction Corporation Limited was the largest competitor with a 5.80% share of the market, followed by China Railway Group Ltd. with 5.32%, China State Construction Engineering Corporation Ltd. with 4.09%, China Communications Construction Company Limited with 3.14%, Power Construction Corporation of China (PowerChina Corp.) with 3.09%, Skanska AB with 2.73%, Bouygues SA with 1.47%, Hochtief AG with 1.07%, STRABAG Group AG with 0.95% and Kiewit Corporation with 0.77%.
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 market was the largest segment of the heavy and civil engineering construction market segmented by type, accounting for 43.60% or $873.4 billion of the total in 2024. Going forward, the highway, street and bridge construction segment is expected to be the fastest growing segment in the heavy and civil engineering construction market segmented by type, at a CAGR of 5.00% during 2024-2029.
The heavy and civil engineering construction market is segmented by organization size into small and medium enterprises and large enterprise. The large enterprises market was the largest segment of the heavy and civil engineering construction market segmented by organization size, accounting for 71.52% or $1.43 trillion of the total in 2024. Going forward, the large enterprises segment is expected to be the fastest growing segment in the heavy and civil engineering construction market segmented by organization size, at a CAGR of 4.60% during 2024-2029.
The heavy and civil engineering construction market is segmented by end user into private and public. The public market was the largest segment of the heavy and civil engineering construction market segmented by end user, accounting for 72.56% or $1.45 trillion of the total in 2024. Going forward, the private segment is expected to be the fastest growing segment in the heavy and civil engineering construction market segmented by end user, at a CAGR of 5.02% during 2024-2029.
The top opportunities in the heavy and civil engineering construction markets segmented by type will arise in the highway, street, and bridge construction segment, which will gain $241.52 billion of global annual sales by 2029. The top opportunities in the heavy and civil engineering construction markets segmented by organization size will arise in the large enterprises segment, which will gain $361.24 billion of global annual sales by 2029. The top opportunities in the heavy and civil engineering construction markets segmented by end user will arise in the public segment, which will gain $334.78 billion of global annual sales by 2029. The heavy and civil engineering construction market size will gain the most in the USA at $77.71 billion.
Market-trend-based strategies for the heavy and civil engineering construction market include strategic partnerships and collaborations among major players, wind-solar hybrid systems to enhance energy output and efficiency, merger and acquisitions to strengthen market position and groundbreaking of innovative nuclear demonstration project.
Player-adopted strategies in the heavy and civil engineering construction market include focus on strengthening business operations through new construction projects and focus on enhancing business operations through strategic collaborations and partnerships.
To take advantage of the opportunities, the analyst recommends the heavy and civil engineering construction to focus on expanding hybrid renewable energy capabilities, focus on advancing flexible nuclear energy integration, focus on the highway, street and bridge construction segment, focus on strategic partnerships to expand renewable infrastructure capabilities, expand in emerging markets, provide competitively priced offerings, continue to use B2B promotions and focus on the private market segment for higher growth returns.
Table of Contents
1 Executive Summary
6 Market Characteristics
8 Supply Chain Analysis
9 Customer Information
10 Major Market Trends
11 Heavy and Civil Engineering Construction Market - Macro Economic Scenario
12 Global Market Size and Growth
13 Global Heavy and Civil Engineering Construction Market Segmentation
14 Heavy and Civil Engineering Construction Market, Regional and Country Analysis
15 Asia-Pacific Market
16 Western Europe Market
17 Eastern Europe Market
18 North America Market
19 South America Market
20 Middle East Market
21 Africa Market
22 Competitive Landscape and Company Profiles
23 Other Major and Innovative Companies
26 Key Mergers and Acquisitions
27 Opportunities and Strategies
28 Heavy and Civil Engineering Construction Market, Conclusions and Recommendations
29 Appendix
Executive Summary
Heavy and Civil Engineering Construction Global Market Opportunities and Strategies to 2034 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 50 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 warranty 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 history and forecasts 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:
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by organization size and by end-user.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- the report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the aerospace forging market.
- Global Market Size and Growth- Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by component, by deployment type, by enterprise size, by application and by end user in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of 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 and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities and Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations- This section includes 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.
1) by Type: Utility System Construction; Highway, Street and Bridge Construction; Other Heavy and Civil Engineering Construction
2) by Organization Size: Large Contractors; Medium Contractors; Small Contractors
3) by End-User: Private; Public
Key Companies Profiled: China Railway Construction Corporation Limited; China Railway Construction Corporation Limited; China Railway Construction Corporation Limited; China Railway Construction Corporation Limited; China Railway Construction Corporation Limited.
Countries: Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; Brazil; Chile; Argentina; Colombia; Peru; Russia Czech Republic; Poland; Romania; Ukraine; USA; Canada; Mexico; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.
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 warranty indicators comparison.
Data Segmentation: 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
The companies featured in this Heavy and Civil Engineering Construction market report include:- China Railway Construction Corporation Limited
- China Railway Construction Corporation Limited
- China Railway Construction Corporation Limited
- China Railway Construction Corporation Limited
- China Railway Construction Corporation Limited.
- Skanska AB
- Bouygues SA
- Hochtief AG
- STRABAG Group AG
- Kiewit Corporation
- Doosan Group
- Terex Corporation
- Larsen & Toubro Ltd
- Hindustan Construction Company (HCC)
- Gammon India Limited
- IRCON International Limited
- Tata Projects Ltd
- Reliance Infrastructure
- DLF
- Vinci SA
- Hochtief
- Skanska
- Strabag
- Koninklijke BAM Groep
- Volker Wessels Group
- Zeppelin GmbH
- SGS
- Interconstruct
- Anker Hansen & Co. A/S
- Christiansen & Essenbæk A/S
- C.C. Contractor A/S
- EKE-Construction Ltd
- Colas Group
- Eiffage Construction
- Bauer Group
- Bennett Construction Limited
- Collen Construction Limited
- Casais Group
- Balfour Beatty
- Laing O’ Rourke
- Interserve
- Morgan Sindall
- Kier
- Skanska Group
- STRABAG SE
- Budimex
- PORR Group
- Bird Construction Inc.
- Aegion Corporation
- Bechtel Corporation
- Fluor Corporation
- Granite Construction
- The Walsh Group Ltd
- Conestoga-Rovers & Associates (CRA)
- MTC Canada Inc.
- Oderbrecht
- Camargo Corrêa
- Andrade Gutierrez
- Queiroz Galvão
- MRV Engenharia
- SalfaCorp
- Mourik General Contractors
- Gilbane Building Company
- McCrory Construction Company
- Alex Group
- Al-Ahly Developmental Habtoor Group LLC
- Al Ayuni Investment & Contracting Co.
- Al Harbi Trading & Contracting Co.
- Al Jaber Group LLC
- ALEC Group
- Al-Naboodah Constructing
- Amer Group
- Arabian Bemco Contracting Co.
- Arabian Construction Company
- Ashtrom Group Ltd
- Danya Cebus Ltd
- Dutco Balfour Beatty LLC
- Electra Ltd
- Etihad Water and Electricity
- GAMA Industry
- Masdar
- Mekorot Water Company Ltd
- National Marine Dredging Company (NMDC)
- National Water Company
- Palm Hills Developments
- Redcon Construction Company
- Saudi Bin Ladin Group
- Saudi Water Partnership Company
- Shikun & Binui Ltd
- Landmark Holdings Ltd
- Epco Builders Limited
- Laxmanbhai Construction Ltd
- Parbatsiyani Construction Ltd
- Put Sarajevo, Intex Construction
- Berger Nigeria Plc
- Reynolds Construction Company
- Thabimndeni Construction & Projects CC
- Orascom Contstruction
- Lubrik Construction Company
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 606 |
| Published | April 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 2 Trillion |
| Forecasted Market Value ( USD | $ 3.15 Trillion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 100 |
