Global Heavy And Civil Engineering Construction Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

4 Mar, 2021

The heavy and civil engineering construction market consists of sales of heavy and civil engineering construction services and related goods by entities (organizations, sole traders and partnerships) that undertake heavy and civil engineering construction projects (e.g., highways and dams), and by specialty trade contractors, whose primary activity is the production of a specific component for such projects. The work performed may include new work, additions, alterations, or maintenance and repairs. The sales revenues earned from construction projects involving water resources (e.g., dredging and land drainage) and projects involving open space improvement (e.g., parks and trails) are included in this market. Establishments whose primary activity is the subdivision of land into individual building lots usually perform various additional site-improvement activities (e.g., road building and utility line installation) and their sales revenues are included in this market.

Global Heavy And Civil Engineering Construction Market Size And Drivers:

The global heavy and civil engineering construction market is expected to grow from $1.52 trillion in 2020 to $1.62 trillion in 2021 at a compound annual growth rate (CAGR) of 6.2%. The market is expected to reach $2.10 trillion in 2025 at a CAGR of 7%. Technological development was a driver of the heavy and civil engineering construction during the historic period.

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Trends In The Global Heavy And Civil Engineering Construction Market

The offshore productivity or the productivity of marine contractors has been increasing in recent years owing to better automation and monitoring technologies. This increase in productivity is seen particularly in dredging, land reclamation and offshore construction of oil platforms, and can be attributed to mechanical technology improvements, automation and better monitoring of offshore construction projects.

Global Heavy And Civil Engineering Construction Market Segments:
The global heavy and civil engineering construction market is further segmented based on type. organization size and geography.
By Type:Utility System Construction, Highway, Street, And Bridge Construction, Other Heavy And Civil Engineering Construction
By Organization Size:Large Enterprises, Small and Medium Enterprises
Subsegments Covered: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
By Geography:The global heavy and civil engineering construction market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global heavy and civil engineering construction market, accounting for 37% of the total market.

Read More On The Report For The Global Heavy And Civil Engineering Construction Market At:

https://www.thebusinessresearchcompany.com/report/heavy-and-civil-engineering-construction-global-market-report-2020-30-covid-19-impact-and-recovery

Heavy And Civil Engineering Construction Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides heavy and civil engineering construction market overviews, analyzes and forecasts market size and growth for the global heavy and civil engineering construction market, heavy and civil engineering construction market share, heavy and civil engineering construction market players, heavy and civil engineering construction market segments and geographies, heavy and civil engineering construction market’s leading competitors’ revenues, profiles and market shares. The heavy and civil engineering construction market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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