Heavy and Civil Engineering Construction Industry Report 2025: $3.15 Tn Market Opportunities and Strategies to 2034 - Africa and Middle East Poised for Strongest Growth - ResearchAndMarkets.com

DUBLIN --(BUSINESS WIRE)

The "Heavy and Civil Engineering Construction Market Opportunities and Strategies to 2034" report has been added to ResearchAndMarkets.com's offering.

This report describes and explains the heavy and civil engineering construction market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global heavy and civil engineering construction market reached a value of nearly $2 trillion in 2024, having grown at a compound annual growth rate (CAGR) of 3.92% since 2019. The market is expected to grow from $2 trillion in 2024 to $2.49 trillion in 2029 at a rate of 4.46%. The market is then expected to grow at a CAGR of 4.85% from 2029 and reach $3.15 trillion in 2034.

Growth in the historic period resulted from the investment in renewable power generation capabilities, growing investments in infrastructure, rapid industrialization, increasing public-private partnerships, increased focus on urban planning and development policies and growth in rail infrastructure development. Factors that negatively affected growth in the historic period were high material prices and stringent environmental regulations.

Going forward, increasing electricity demand, development of transportation infrastructure, increasing government support and urban redevelopment will drive the growth. Factor that could hinder the growth of the heavy and civil engineering construction market in the future include lack of skilled workers and infrastructure funding gaps.

Asia-Pacific was the largest region in the heavy and civil engineering construction market, accounting for 37.69% or $754.93 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the heavy and civil engineering construction market will be Africa and Middle East where growth will be at CAGRs of 11.16% and 7.76% respectively. These will be followed by Asia-Pacific and Eastern Europe where the markets are expected to grow at CAGRs of 4.96% and 4.50% respectively.

The global heavy and civil engineering construction market is fairly concentrated, with large players operating in the market. The top 10 competitors in the market made up 28.43% of the total market in 2023. China Railway Construction Corporation Limited was the largest competitor with a 5.80% share of the market, followed by China Railway Group Ltd. with 5.32%, China State Construction Engineering Corporation Ltd. with 4.09%, China Communications Construction Company Limited with 3.14%, Power Construction Corporation of China (PowerChina Corp.) with 3.09%, Skanska AB with 2.73%, Bouygues SA with 1.47%, Hochtief AG with 1.07%, STRABAG Group AG with 0.95% and Kiewit Corporation with 0.77%.

The heavy and civil engineering construction market is segmented by type into utility system construction, highway, street and bridge construction and other heavy and civil engineering construction. The highway, street and bridge construction market was the largest segment of the heavy and civil engineering construction market segmented by type, accounting for 43.60% or $873.4 billion of the total in 2024. Going forward, the highway, street and bridge construction segment is expected to be the fastest growing segment in the heavy and civil engineering construction market segmented by type, at a CAGR of 5.00% during 2024-2029.

The heavy and civil engineering construction market is segmented by organization size into small and medium enterprises and large enterprise. The large enterprises market was the largest segment of the heavy and civil engineering construction market segmented by organization size, accounting for 71.52% or $1.43 trillion of the total in 2024. Going forward, the large enterprises segment is expected to be the fastest growing segment in the heavy and civil engineering construction market segmented by organization size, at a CAGR of 4.60% during 2024-2029.

The heavy and civil engineering construction market is segmented by end user into private and public. The public market was the largest segment of the heavy and civil engineering construction market segmented by end user, accounting for 72.56% or $1.45 trillion of the total in 2024. Going forward, the private segment is expected to be the fastest growing segment in the heavy and civil engineering construction market segmented by end user, at a CAGR of 5.02% during 2024-2029.

The top opportunities in the heavy and civil engineering construction markets segmented by type will arise in the highway, street, and bridge construction segment, which will gain $241.52 billion of global annual sales by 2029. The top opportunities in the heavy and civil engineering construction markets segmented by organization size will arise in the large enterprises segment, which will gain $361.24 billion of global annual sales by 2029. The top opportunities in the heavy and civil engineering construction markets segmented by end user will arise in the public segment, which will gain $334.78 billion of global annual sales by 2029. The heavy and civil engineering construction market size will gain the most in the USA at $77.71 billion.

Market-trend-based strategies for the heavy and civil engineering construction market include strategic partnerships and collaborations among major players, wind-solar hybrid systems to enhance energy output and efficiency, merger and acquisitions to strengthen market position and groundbreaking of innovative nuclear demonstration project.

Player-adopted strategies in the heavy and civil engineering construction market include focus on strengthening business operations through new construction projects and focus on enhancing business operations through strategic collaborations and partnerships.

To take advantage of the opportunities, the analyst recommends the heavy and civil engineering construction to focus on expanding hybrid renewable energy capabilities, focus on advancing flexible nuclear energy integration, focus on the highway, street and bridge construction segment, focus on strategic partnerships to expand renewable infrastructure capabilities, expand in emerging markets, provide competitively priced offerings, continue to use B2B promotions and focus on the private market segment for higher growth returns.

Key Attributes:

Major Market Trends

• Use of Advanced Imaging Technology in Utility Infrastructure Monitoring
• Strategic Partnerships and Collaborations Among Major Players
• Focus on Using Innovative Digital Layout Technology for Building Construction Efficiency
• Wind-Solar Hybrid Systems to Enhance Energy Output and Efficiency

Key Mergers and Acquisitions

• ALEC Engineering and Contracting LLC Acquired INPROSERV
• Egis Acquired Thomas & Adamson
• PirTano Construction Company, Inc. Acquired Powerlink Electric
• Aegion Corporation Acquired Portland Utilities Construction Company
• Aegion Corporation Acquired Toncco
• Union Steel Holdings Acquired Fastweld Engineering Construction
• ALEC Group Acquired Target Engineering Construction Company
• Ayesa Acquired ByrneLooby
• ASGC Construction Acquired Costain
• Sullivan Street Acquired Osborne Infrastructure
• Kalpataru Power Transmission Ltd (KPTL) Acquired Fasttel Engenharia

Customer Information

• Rise in Real Estate Prices Due to Increase in Buildings Materials
• Home Renovations Boosting The Civil Engineering Market Growth
• Home Buyers Views on The Civil Engineering and Construction Industry
• Lack of Materials and Increased Costs
• Methods of Operation in Construction
• Skills Shortage in The Civil and Construction Industry
• Use of Recycled Materials in Civil Engineering and Construction
• Rising Trend of Off-Site Construction

Markets Covered:

• Type: Utility System Construction; Highway, Street and Bridge Construction; Other Heavy and Civil Engineering Construction
• Organization Size: Large Contractors; Medium Contractors; Small Contractors
• End-User: Private; Public

Key Companies Profiled:

• China Railway Construction Corporation Limited
• China Railway Group Ltd.
• China State Construction Engineering Corporation Ltd.
• China Communications Construction Company Limited
• Power Construction Corporation of China (PowerChina Corp.)

Companies Featured

• China Railway Construction Corporation Limited
• China Railway Group Ltd.
• China State Construction Engineering Corporation Ltd.
• China Communications Construction Company Limited
• Power Construction Corporation of China (PowerChina Corp.)
• Skanska AB
• Bouygues SA
• Hochtief AG
• STRABAG Group AG
• Kiewit Corporation
• Doosan Group
• Terex Corporation
• Larsen & Toubro Ltd
• Hindustan Construction Company (HCC)
• Gammon India Limited
• IRCON International Limited
• Tata Projects Ltd
• Reliance Infrastructure
• DLF
• Vinci SA
• Hochtief
• Skanska
• Strabag
• Koninklijke BAM Groep
• Volker Wessels Group
• Zeppelin GmbH
• SGS
• Interconstruct
• Anker Hansen & Co. A/S
• Christiansen & Essenbak A/S
• C.C. Contractor A/S
• EKE-Construction Ltd
• Colas Group
• Eiffage Construction
• Bauer Group
• Bennett Construction Limited
• Collen Construction Limited
• Casais Group
• Balfour Beatty
• Laing O' Rourke
• Interserve
• Morgan Sindall
• Kier
• Skanska Group
• STRABAG SE
• Budimex
• PORR Group
• Bird Construction Inc.
• Aegion Corporation
• Bechtel Corporation
• Fluor Corporation
• Granite Construction
• The Walsh Group Ltd
• Conestoga-Rovers & Associates (CRA)
• MTC Canada Inc.
• Oderbrecht
• Camargo Correa
• Andrade Gutierrez
• Queiroz Galvao
• MRV Engenharia
• SalfaCorp
• Mourik General Contractors
• Gilbane Building Company
• McCrory Construction Company
• Alex Group
• Al-Ahly Developmental Habtoor Group LLC
• Al Ayuni Investment & Contracting Co.
• Al Harbi Trading & Contracting Co.
• Al Jaber Group LLC
• ALEC Group
• Al-Naboodah Constructing
• Amer Group
• Arabian Bemco Contracting Co.
• Arabian Construction Company
• Ashtrom Group Ltd
• Danya Cebus Ltd
• Dutco Balfour Beatty LLC
• Electra Ltd
• Etihad Water and Electricity
• GAMA Industry
• Masdar
• Mekorot Water Company Ltd
• National Marine Dredging Company (NMDC)
• National Water Company
• Palm Hills Developments
• Redcon Construction Company
• Saudi Bin Ladin Group
• Saudi Water Partnership Company
• Shikun & Binui Ltd
• Landmark Holdings Ltd
• Epco Builders Limited
• Laxmanbhai Construction Ltd
• Parbatsiyani Construction Ltd
• Put Sarajevo, Intex Construction
• Berger Nigeria Plc
• Reynolds Construction Company
• Thabimndeni Construction & Projects CC
• Orascom Contstruction
• Lubrik Construction Company

For more information about this report visit https://www.researchandmarkets.com/r/pkib8s

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