Feb 10, 2022   SOURCE: BusinessWire

Heavy and Civil Engineering Construction Global Market Report 2022: Focus on Utility System Construction & Highway, Street, and Bridge Construction - ResearchAndMarkets.com

The "Heavy And Civil Engineering Construction Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

The global heavy and civil engineering construction market is expected to grow from $1742.92 billion in 2021 to $1921.67 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The market is expected to reach $2733.35 billion in 2026 at a CAGR of 9.2%.

Major companies in the market include 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.

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.

The main types of heavy and civil construction are utility system construction, highway, street, and bridge construction, and other heavy and civil engineering construction. The construction of distribution lines, as well as related buildings and infrastructure for utilities (i.e., water, sewer, petroleum, gas, power, and communication) is referred to as utility system construction.

It includes all structures (including buildings) that are integral parts of utility systems (e.g., storage tanks, pumping stations, power plants, and refineries). The companies involved into heavy and civil construction are divided into large enterprises and small & medium enterprises. These services are used by private and public sectors.

Asia Pacific was the largest region in the heavy and civil engineering construction market in 2021. North America was the second-largest in the heavy and civil engineering construction market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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.

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.

Heavy and civil engineering construction costs are increasing steadily due to rising material cost. Companies in the industry experienced subdued growth in their profits with rising prices of materials such as crude oil, a key component of asphalt increased by 58% in 2021 from the year 2020. High material prices will adversely affect the heavy and civil engineering construction market during the forecast period.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Heavy And Civil Engineering Construction Market Characteristics

3.1. Market Definition

3.2. Key Segmentations

4. Heavy And Civil Engineering Construction Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Heavy And Civil Engineering Construction Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Heavy And Civil Engineering Construction Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Heavy And Civil Engineering Construction Market Trends And Strategies

8. Impact Of COVID-19 On Heavy And Civil Engineering Construction

9. Heavy And Civil Engineering Construction Market Size And Growth

9.1. Market Size

9.2. Historic Market Growth, Value ($ Billion)

9.2.1. Drivers Of The Market

9.2.2. Restraints On The Market

9.3. Forecast Market Growth, Value ($ Billion)

9.3.1. Drivers Of The Market

9.3.2. Restraints On The Market

10. Heavy And Civil Engineering Construction Market Regional Analysis

10.1. Global Heavy And Civil Engineering Construction Market, 2021, By Region, Value ($ Billion)

10.2. Global Heavy And Civil Engineering Construction Market, 2016-2021, 2021-2026F, 2031F, Historic And Forecast, By Region

10.3. Global Heavy And Civil Engineering Construction Market, Growth And Market Share Comparison, By Region

11. Heavy And Civil Engineering Construction Market Segmentation

11.1. Global Heavy And Civil Engineering Construction Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • Utility System Construction
  • Highway, Street, And Bridge Construction
  • Other Heavy And Civil Engineering Construction

11.2. Global Heavy And Civil Engineering Construction Market, Segmentation By Organisation Size, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • Large Enterprises
  • Small and Medium Enterprises

11.3. Global Heavy And Civil Engineering Construction Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • Private
  • Public

12. Heavy And Civil Engineering Construction Market Segments

12.1. Global Utility System Construction Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) - Water And Sewer Line And Related Structures Construction; Oil And Gas Pipeline And Related Structures Construction; Power And Communication Line And Related Structures Construction

12.2. Global Highway, Street, And Bridge Construction Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) - Roads And Highways; Bridges And Tunnels; Other Highway, Street, And Bridge Construction

12.3. Global Other Heavy And Civil Engineering Construction Market, Segmentation By Type, 2016-2021, 2021-2026F, 2031F, Value ($ Billion) - Marine And Ports Construction; Rail Road Construction; Sea Wall Construction; All Other Heavy And Civil Engineering Construction

13. Heavy And Civil Engineering Construction Market Metrics

13.1. Heavy And Civil Engineering Construction Market Size, Percentage Of GDP, 2016-2026, Global

13.2. Per Capita Average Heavy And Civil Engineering Construction Market Expenditure, 2016-2026, Global

Companies Mentioned

  • 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
  • Vinci SA
  • China Energy Engineering Group
  • PowerChina
  • Grupo ACS
  • Skanska Group

For more information about this report visit https://www.researchandmarkets.com/r/dmyv83