Civil Engineering Market Trends

Civil Engineering Market Drivers 

How Does Global Urban Growth Open Up New Possibilities for Civil Engineering?

• 55% of the world's population has shifted and lives in urban areas, the study suggests by 2050 the proportion is expected to increase to 68% or more. In many countries, population from the rural areas is moving to urban areas which pose a necessity for residential projects. Government initiatives to connect rural with urban with highways, roads, bridges, railways and airports create a sustained demand for construction tenders. As urbanization is becoming a need, the civil engineering sector will experience continuous growth.

Civil Engineering Industry Enters a New Age with Construction 4.0.

• The global civil engineering market is undergoing a paradigm shift with Construction 4.0 as the mainstreaming of Artificial Intelligence (AI), robotics, Internet of Things (IoT), digital twins, and 3D printing in conventional engineering dominates the sector. This new era exemplifies a digital revolution with accuracy in projects, cost reductions, and mass production in less time. The robotic era is completely a game changer for the Civil Engineering Industry, making difficult projects efficient and effective.

Civil Engineering Market Restraints

Raw Material Price Fluctuations are Disrupting the Stability of the Global Civil Engineering Industry.

• The unstable prices of materials may pose a challenge to the sustainable growth of the civil engineering industry worldwide. As the construction industry completely relies on key materials such as cement, concrete, steel, sands, and others, raw material shortages, political impacts, trade tariffs, and supply chain disruption might increase the prices of raw materials, directly disrupt the growth of the civil engineering industry with lesser demand of projects.

The Civil Engineering Sector Continues to Struggle with a Persistent Shortage of Skilled Labor.

• Building a mass infrastructure is a much more difficult task that requires expertise in the construction industry. A lack of skilled labor may put the project in danger which may cause casualties in many ways. The shortages of skilled professionals in the civil engineering industry pose a challenge in some regions that increase the labor costs to hire skilled and experienced workforce. Sometimes, the lack of skill and expertise may create risks to workers in high-risk projects. Such accidents can damage the company’s reputation, affecting future business.