Global Heavy And Civil Engineering Construction Market Report 2022 – Market Forecast, Trends And Strategies
6 Jan, 2022
The global heavy and civil engineering construction market size is expected to grow from $1.74 trillion in 2021 to $1.92 trillion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The growth in the heavy and civil engineering construction market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The heavy and civil engineering construction market is expected to reach $2.73 trillion in 2026 at a CAGR of 9.2%.
Last few days of our annual market report sale! Buy now.
What is the Global Heavy And Civil Engineering Construction Market?
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.
Get a Sample of the global heavy and civil engineering construction market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5468&&type=smp
What drives the Global Heavy And Civil Engineering Construction Market?
Technological development will drive the growth of heavy and civil engineering construction during the forecast period. Markets such as foundation, structure, and building exterior contractors which involve technology benefited from this trend. Areas of rapid technological change include smart highways, 3D concrete printing, drone surveying, kinetic roads, 'tiny houses', and solar roads. Due to the advancement in technology the demand for better infrastructure will increase and positively impact the demand in heavy and civil engineering construction.
Get the full global heavy and civil engineering construction industry report here
https://www.thebusinessresearchcompany.com/report/heavy-and-civil-engineering-construction-global-market-reportGlobal Heavy And Civil Engineering Construction Market Segments
The global heavy and civil engineering construction market is segmented:
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
By Geography: The regions covered in the heavy and civil engineering construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest share in the global heavy and civil engineering construction market.
Heavy And Civil Engineering Construction Global Market Report 2022provides market size and growth forecasts for the global heavy and civil engineering construction market, global heavy and civil engineering construction market share, heavy and civil engineering construction market segments and geographies, heavy and civil engineering construction market competitive landscape including 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.
Global Heavy And Civil Engineering Construction Industry Playersinclude China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Co., Ltd., China State Construction Engineering Corporation Ltd., Power Construction Corporation of China. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.