Construction Services Market Report 2024 (Global Edition)

Global Construction Services Market Report 2024 Market Size Split by Services (Planning & Design, Construction, Maintenance, Others), by Application (Real Estate, Infrastructure, Industrial), by Custo...

Construction Services Market Report Description

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Construction Services Market Insights Video

Competitive Landscape of Civil Construction Services Market

The competition on the market for civil construction services is fierce and varied. It includes a range of companies offering civil construction services, from large multinational enterprises to smaller specialised businesses. There is intense rivalry among enterprises to offer cutting-edge solutions in civil construction services as a result of globalisation and technical advancement.

Civil Construction Services Industry News

• ^{In May 2022, L&T collaborated with SLS Trust to create the Skill Training Hub on a five-acre plot of land. This initiative aims to provide construction skills training to disadvantaged youth in the area, empowering them to become self-sufficient.}
• ^{November 2022: MEIL is set to construct EPC-2, encompassing Open Art Units, Utilities & Offsites, as well as Plant Buildings, and EPC-3, consisting of Captive Power Plants, in Mongolia. This ambitious project will leverage cutting-edge technology and requires an investment of USD 790 million. Engineers India Limited is the Project Management Consultant for this government-to-government partnership initiative.}

Top Companies Market Share in Construction Services Industry: (In no particular order of Rank)

• AECOM
• Amec Foster Wheeler plc
• United States Army Corps of Engineers
• SNC-Lavalin
• Jacobs Engineering Group Inc.
• Galfar Engineering & Contracting SAOG (Galfar)
• Fluor Corporation
• HDR Inc.
• Tetra Tech Inc.
• Stantec Inc.
• URS
• Foster Wheeler
• Kentz
• CH2M Hill
• AECOM Technology
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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The North American Civil Construction Services Market Dominate the Largest Share of Global Market

According to Cognitive Market Research, North America demonstrates its superiority in the civil construction services market due to its extensively developed infrastructure, considerable investments in construction projects, and advanced technological capabilities. The United States (USA) emerges as the prevailing nation among the North American countries due to a combination of factors. The USA's strong economy enables substantial government expenditure on public infrastructure and private investments in real estate and commercial ventures. Its robust regulatory framework ensures compliance with safety standards and quality assurance. Additionally, the USA's inclination towards innovation and adoption of state-of-the-art construction technologies enhances project efficiency and sustainability. The availability of skilled labor and specialized expertise further supports the execution of intricate projects.

The Asia-Pacific region is witnessing robust growth in the Civil Construction Services Market due to various factors. Firstly, rapid urbanization and population growth in several countries within the region are driving the demand for modern infrastructure, including roads, bridges, airports, and utilities. As governments invest in urban development and connectivity, construction services are in high demand. Secondly, emerging economies in Asia-Pacific are experiencing an influx of foreign investments and increased domestic spending on large-scale projects, further propelling the construction sector. Moreover, as middle-class populations expand, a rising need for residential, commercial, and mixed-use spaces drives construction activities in the real estate sector.

The current report Scope analyzes Construction Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Construction Services Market Analysis

By Services, the Construction Segment Dominate the Civil Construction Services Market

According to Cognitive Market Research, the construction segment is likely dominant due to its central role in the entire construction lifecycle. Construction services encompass the physical realization of infrastructure projects, including building structures, roads, bridges, and other essential facilities. This segment involves site preparation, foundation work, structural assembly, and finishing, making it a core aspect of any construction project. Given the extensive nature of construction work and its significant contribution to the overall project timeline, resources, and budget, the construction segment naturally holds dominance within the market. 

The planning & design segment is expected to be the fastest-growing category. As the importance of effective project planning, conceptualization, and design gains recognition, stakeholders are increasingly prioritizing these early-stage activities to ensure project success and minimize potential challenges during the construction phase. Robust planning and meticulous design can lead to cost savings, enhanced project efficiency, and reduced risks.

• Planning & Design
• Construction
• Maintenance
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Construction Services Industry. Request a Free Sample PDF!

By Application, the Infrastructure Segment Dominate the Civil Construction Services Market

Infrastructure is likely the dominant category due to its fundamental role in enhancing a nation's economic and social development. Infrastructure projects encompass a wide range of critical facilities such as roads, bridges, airports, railways, ports, water supply systems, and energy networks. These projects are essential for ensuring efficient transportation, connectivity, and public services. Given the significant government investments and private sector involvement in infrastructure development, this segment holds prominence within the market.

The real estate segment is expected to be the fastest-growing category. The rising demand for residential, commercial, and mixed-use properties is driving the need for construction services within the real estate sector. As urbanization continues and populations grow, there is an increased requirement for housing, office spaces, and retail facilities. Moreover, as urban centers expand, there is a growing trend toward mixed-use developments that combine residential, commercial, and recreational spaces. This demand is fuelling the rapid growth of the real estate segment within the Civil Construction Services Market as developers seek to meet the evolving needs of communities and create vibrant, sustainable urban environments.

• Real Estate
• Infrastructure
• Industrial

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Construction Services Customers Industry Segment Analysis

According to Cognitive Market Research, the government segment is likely dominant due to its significant role as a primary driver of infrastructure development and public projects. Governments worldwide allocate substantial budgets to construct critical infrastructure such as roads, bridges, public buildings, and utilities. These projects are essential for economic growth, enhancing public services, and improving overall quality of life. Given the scale of government initiatives and their impact on the broader community, the government segment dominates the market. 

The private segment is expected to be the fastest-growing category. Private sector investments in construction are on the rise, driven by various factors, including real estate development, commercial ventures, and industrial projects. As economic activity expands and urbanization continues, private enterprises increasingly invest in constructing commercial properties, residential complexes, and industrial facilities to meet the evolving demands of businesses and communities. The growing interest from private investors, coupled with the need for modern and innovative construction solutions, is propelling the rapid growth of the private segment within the Civil Construction Services Market.

• Government
• Private
• Others

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David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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