PUBLISHER: The Business Research Company | PRODUCT CODE: 1680362
PUBLISHER: The Business Research Company | PRODUCT CODE: 1680362
Heavy and civil engineering construction involves the building, modification, repair, enhancement, or demolition of large-scale government and municipal structures, guided by comprehensive designs and plans. This field focuses on the design and construction of significant infrastructure projects that necessitate specialized planning and expertise.
The primary categories within heavy and civil construction encompass utility system construction, highway, street, and bridge construction, as well as other segments of heavy and civil engineering construction. The construction activities associated with the development of distribution lines, along with relevant buildings and infrastructure for utilities such as water, sewer, petroleum, gas, power, and communication, fall under the umbrella of utility system construction. This entails all structures, including buildings, that play integral roles in utility systems, such as storage tanks, pumping stations, power plants, and refineries. Companies engaged in heavy and civil construction are categorized into large enterprises and small to medium-sized enterprises. These services cater to the needs of both the private and public sectors.
The heavy and civil engineering construction market research report is one of a series of new reports from The Business Research Company that provides heavy and civil engineering construction market statistics, including heavy and civil engineering construction industry global market size, regional shares, competitors with a heavy and civil engineering construction market share, detailed heavy and civil engineering construction market segments, market trends and opportunities, and any further data you may need to thrive in the heavy and civil engineering construction industry. This heavy and civil engineering construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The heavy and civil engineering construction market size has grown steadily in recent years. It will grow from $2054.75 billion in 2024 to $2140.21 billion in 2025 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to growth in emerging markets, low interest rate environment, technological developments and strategic collaborations.
The heavy and civil engineering construction market size is expected to see steady growth in the next few years. It will grow to $2570 billion in 2029 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to increasing population growth, rising urbanization, increasing infrastructure development, rapid industrialization and rising government initiatives. Major trends in the forecast period include using 3D printing technologies, focus on use drones technology, producing valuable aerial heat maps and thermal images, consider using prefabrication techniques t, invest in building information modeling (BIM) technology, invest in artificial intelligence, 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.
The growth of the heavy and civil engineering construction markets is being propelled by the increasing economic growth. Economic growth signifies the expanding capacity of an economy to produce goods and services over time. The construction sector, which includes civil engineering construction, plays an active role in contributing to economic growth through advancements in infrastructure, job creation, government contracts, and improvements in productivity. As an illustration, in September 2023, the Bureau of Economic Analysis, a US-based government agency, reported a 2.4% increase in real GDP during the second quarter of 2023 in the United States, showcasing improvement from the 2.0% growth observed in the previous quarter. Consequently, the ongoing economic growth is expected to drive the growth of the heavy and civil engineering construction markets.
Heavy and civil engineering construction costs are on the rise due to increasing material prices. Companies within the industry have faced muted profit growth as the costs of materials, including crude oil, continue to escalate. For instance, in April 2022, the Bureau of Labor Statistics released a Producer Price Index (PPI) report indicating that prices for goods used in residential construction rose by 1.4% in March, following revised increases of 2.2% in February and 4.1% in January, culminating in an overall increase of 8%. Additionally, building material prices saw a year-over-year rise of 20.4%. Consequently, high material costs are likely to have a negative impact on the heavy and civil engineering construction markets throughout the forecast period.
Leading companies in the heavy and civil engineering construction market are actively developing innovative products, including user-friendly building construction software, to establish a competitive advantage in the industry. Construction building software is a specialized type of software designed to facilitate the management of construction projects by assisting with tasks such as project planning, scheduling, budgeting, and communication. As an illustration, in April 2023, Topcon Positioning Systems Inc., a Japan-based provider of positioning technology, introduced the Digital Layout. This software aims to provide a distinct competitive edge in the dynamic building construction industry, catering to various contractors, including general contractors, concrete contractors, mechanical, electrical, and plumbing (MEP) contractors, steel erectors, fire suppression companies, and more. The cost-efficient building construction field software is compatible with a 3D laser, the Topcon LN, or a Topcon GT robotic total station, offering a step-by-step guide to streamline routines and workflows, making it accessible for both first-time and experienced users of digital layout technology.
Major companies in the heavy and civil engineering construction market are concentrating on innovating manufacturing facilities for producing mining and civil engineering tools to improve efficiency and meet industry demands. These tools are specialized equipment and instruments utilized for mineral extraction and infrastructure construction. For example, in August 2024, MMC RYOTEC Corporation, a Japan-based producer of high-quality wear-resistant tools and a subsidiary of Mitsubishi Materials Corporation, announced the construction of a new plant in Thailand designed to double its manufacturing capacity for mining and civil engineering tools. This new facility will incorporate advanced machining and heat treatment technologies to enhance production efficiency. The expansion is fueled by the rising global demand for resources and infrastructure development.
Major companies operating in the heavy and civil engineering construction market include Galfar Engineering & Contracting SAOG, Infrastructure and Energy Alternatives, Inc. (IEA), Ames Construction, Zachry Construction Corporation, Superior Construction, Emery Sapp & Sons, Inc., Blythe Construction, Inc., Texas Sterling Construction Co., Morgan Corp., Haydon Building Corp, Larsen & Toubro, Hindustan Construction Company (HCC), GMR Group, Tata Projects Ltd., DLF Limited, Essar Group, IRB Infrastructure Developers Ltd., Afcons Infrastructure Limited, Jaypee Group, KEC International Ltd., Punj Lloyd, Simplex Infrastructures Ltd., Gammon India, Sadbhav Engineering Limited, B L Kashyap and Sons Ltd., Nagarjuna Construction Company Ltd.
Asia-Pacific was the largest region in the heavy and civil engineering construction market in 2024. North America was the second-largest in the heavy and civil engineering construction market. 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, Africa
The countries covered in the heavy and civil engineering construction market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The heavy and civil engineering construction market includes revenues earned by entities by 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, and sea wall construction. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Heavy And Civil Engineering Construction Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on heavy and civil engineering construction market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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 from the Business Research Company 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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.