Civil Engineering Market Updates

Global Civil Engineering Market size was valued at USD 9.15 Trillion in 2023 and is poised to grow from USD 9.73 Trillion in 2024 to USD 15.86 Trillion by 2032, growing at a CAGR of 6.3% during the forecast period (2025-2032).

The global civil engineering market is extremely fragmented but still competitive market where multinational engineering companies and region/local contractors compete for market dominance in a large number of project sizes and markets. Tier-1 companies such as AECOM, Bechtel, Fluor Corporation, Vinci SA, and China Communications Construction Company possess extensive global reach, technical expertise, and diversified portfolios that allow them to undertake large-scale, capital-intensive infrastructure projects such as highways, airports, rail networks, and megacities. Their ability to offer integrated engineering, procurement, and construction (EPC) services, together with advanced digital solutions like BIM, digital twins, and AI-based planning tools, gives them an advantage in winning complex projects, especially government-led projects. 'Larsen & Toubro (India)', 'China State Construction Engineering Corporation (China)', 'AECOM (USA)', 'ACS Group (Spain)', 'Bechtel (USA)', 'Vinci SA (France)', 'STRABAG SE (Austria)', 'Bouygues S.A. (France)', 'Tetra Tech Inc. (USA)', 'Fluor Corporation (USA)'

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.

What Makes Asia-Pacific a Leader in Civil Engineering?