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The global civil engineering market has been driven by the thriving construction industry. In the historical period, the renovation activities, retrofitting, reconstruction, and alterations made to the existing structure significantly supported the market growth. Over the forecast period, the increasing importance of digital engineering in the construction sector, growing investment in the commercial real estate sector due to the rising consumer trust, rapid urbanisation in emerging economies, and growing industrial construction are likely to propel the market growth.
The government policies to support the construction of green buildings and eco-friendly building structures are likely to bolster the market growth in the forecast period. This is expected to result in increased consumer demand for eco-friendly construction strategies, thereby compelling key civil engineering companies to meet this rising demand. For instance, in April 2021, AECOM (NYSE: ACM) took a decision to launch Sustainable Legacies, its strategy to meet ambitious environmental, social, and governance objectives, which will allow it to achieve net-zero carbon emissions and carry out eco-friendly construction projects. Such developments are expected to aid the industry growth in the forecast period.
Geographically, the Asia Pacific is likely to account for a significant share in the market. This can be attributed to factors like the low-labour cost, increasing importance of digitisation in the engineering and construction sectors, and the presence of a large population, especially in countries like India and China. The resurgence of construction activities post ease of COVID-19 induced lockdowns is expected to further aid the market growth in the region.
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The major players in the global civil engineering market are AECOM, Stantec, Inc., SNC-Lavalin Group, Fluor Corporation, HDR, Inc., Tetra Tech, Inc, and Amec Foster Wheeler plc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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