Global Civil Engineering Market Size & Outlook, 2023-2030
The civil engineering industry worldwide is expected to reach a projected revenue of US$ 13,700,940.0 million by 2030. A compound annual growth rate of 6% is expected of the worldwide civil engineering industry from 2024 to 2030.
Revenue, 2023 (US$M)
$9,094,480.0
Forecast, 2030 (US$M)
$13,700,940.0
CAGR, 2024 - 2030
6%
Report Coverage
Worldwide
Global civil engineering market, 2018-2030 (US$M)
Related Markets
Global civil engineering market highlights
- The global civil engineering market generated a revenue of USD 9,094.5 billion in 2023 and is expected to reach USD 13,700.9 billion by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6% by 2030.
- In terms of segment, construction accounted for a revenue of USD 2,488.3 billion in 2023.
- Maintenance is the most lucrative services segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 9,094.5 billion |
| Market revenue in 2030 | USD 13,700.9 billion |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Construction |
| Fastest growing segment | Maintenance |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Planning & Design, Construction, Maintenance |
Other key industry trends
- In terms of revenue, the North America accounted for 19.7% of the global civil engineering market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 299.3 billion by 2030.
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Civil Engineering Market Scope
Civil engineering market segmentation & scope
Civil Engineering Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global civil engineering market size, by regions, 2018-2030 (US$M)
Top 10 countries: Civil engineering market size, 2023 (US$M)
Global civil engineering market share, by services, 2023 & 2030 (%, US$M)
Civil engineering market: Opportunity assessment by country
Global civil engineering market, by region, 2023 (US$M)
| Services | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,759,010.0 | 1,809,850.0 | 1,571,740.0 | 1,661,400.0 | 1,721,820.0 | 1,794,390.0 | 1,873,200.0 | 2,024,460.0 | 2,177,290.0 | 2,349,530.0 | 2,548,560.0 | 2,779,560.0 | 3,021,270.0 | 7.7% |
| Europe | 2,201,800.0 | 2,332,470.0 | 2,071,490.0 | 2,221,540.0 | 2,323,090.0 | 2,444,630.0 | 2,571,650.0 | 2,628,270.0 | 2,684,780.0 | 2,727,550.0 | 2,790,980.0 | 2,855,300.0 | 2,917,010.0 | 2.6% |
| Asia Pacific | 2,714,570.0 | 2,837,040.0 | 2,489,250.0 | 2,720,530.0 | 2,882,090.0 | 3,062,940.0 | 3,259,100.0 | 3,456,120.0 | 3,680,810.0 | 3,920,330.0 | 4,178,400.0 | 4,475,870.0 | 4,796,110.0 | 6.6% |
| Latin America | 773,070.0 | 844,610.0 | 765,560.0 | 833,120.0 | 882,160.0 | 936,720.0 | 1,000,690.0 | 1,068,020.0 | 1,147,700.0 | 1,230,340.0 | 1,319,740.0 | 1,418,950.0 | 1,530,910.0 | 7.3% |
| MEA | 826,870.0 | 910,840.0 | 841,020.0 | 853,480.0 | 843,190.0 | 855,800.0 | 875,460.0 | 936,860.0 | 1,009,760.0 | 1,117,820.0 | 1,218,110.0 | 1,308,540.0 | 1,435,640.0 | 7.7% |
| Overall | 8,275,320.0 | 8,734,810.0 | 7,739,060.0 | 8,290,070.0 | 8,652,350.0 | 9,094,480.0 | 9,580,100.0 | 10,113,730.0 | 10,700,340.0 | 11,345,570.0 | 12,055,790.0 | 12,838,220.0 | 13,700,940.0 | 6.0% |
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