The heavy and civil engineering construction market comprises companies carrying out utilities, highway, street and bridge construction. This market also includes companies servicing land and subdividing property into lots for sale to builders.
Heavy and Civil Engineering Construction Global Market Size
The global heavy and civil engineering construction market was valued at around $5 trillion in 2017. Asia Pacific was the largest region in the heavy and civil engineering construction market in 2017, accounting for under 75% market share. China was the largest country in the market in 2017, accounting for 44% market share.
Heavy and Civil Engineering Construction Global Market Trend
3D printing is widely being used in heavy and civil engineering construction to reduce costs and construction time. 3D printing is a production technique which involves printers that create solid objects using concrete and composite mixture. The use of 3D printing techniques reduces labor costs, production time and enables the construction of a variety of customized structures. Eco-friendly structures can be constructed using this technique as 3D printers can use materials such as bio plastics and recycled plastics.
The top five companies covered are China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Group Ltd., Bechtel Corporation and Power Construction Corp. of China. China Railway Group Ltd. (CREC) was the largest company in the heavy and civil engineering construction market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Heavy and Civil Engineering Construction Global Market Segmentation
The heavy and civil engineering construction market is segmented into Utility System Construction, Other Heavy And Civil Engineering Construction, Highway, Street, And Bridge Construction, and Land Development.
Utility System Construction includes establishments involved in distribution lines construction and related buildings and structures for utilities such as gas, petroleum, sewer, water, power, communication.
Other Heavy and Civil Engineering Construction includes establishments involved in heavy and engineering construction projects such as development of marine facilities, water facilities and open space improvement projects.
Highway, Street, and Bridge Construction includes companies that construct highways, roads, streets, public sidewalks, airport runways, bridges.
Land Development includes establishments that service land and subdivide real property into lots, for subsequent sale to builders.