Global Construction Services
Market Report
2024
The Global Construction Services market size was USD 8248.9 billion in 2022. Construction Services Industry's Compound Annual Growth Rate will be 6.20% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Construction Services market size was USD 8248.9 billion in 2022. Construction Services Industry's Compound Annual Growth Rate will be 6.20% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Construction Services Market Sales Revenue 2022 | $ 8248.9 Billion |
Global Construction Services Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.2% |
Market Split by Services |
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Market Split by Application |
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Market Split by Customers Industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Construction Services industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Construction Services Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Civil Engineering is a field of engineering that involves the construction, design, and upkeep of the physical and natural built environment. It applies scientific principles to address society's physical and scientific challenges. The market for civil engineering is primarily driven by the growing population and increased income among the middle-class population. Civil engineering projects encompass infrastructure and public works, including sewage systems, roads, bridges, railways, canals, dams, and buildings.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Civil Construction Services industry.
Rise in Disposable Income to Provide Viable Market Output
The increase in disposable income is a key factor driving growth in the Global Civil Engineering Market. This market is expected to experience significant growth in the coming years due to the rise in disposable income and technological advancements within the construction industry. The growing urban population's need for accommodation is also fueling the demand for civil engineering services. Many market players are now prioritizing using green building materials, which are both eco-friendly and energy-efficient, contributing to the construction of sustainable structures.
Increased public-private partnerships help improve infrastructure and stimulate the national economy and jobs in the economy. Now, the world has become a digitized civil engineering industry; along with digitalization, many new technologies have been introduced that will facilitate the growth of the global economy. Buzz needs to develop the civil engineers network and change the construction process. Increasing private financing and assistance for various construction projects will strengthen the private sector in the future.
Regulatory complexities and permitting delays are key restraints in the civil construction services market, impeding the smooth progression of projects. The construction industry is subject to a multitude of local, regional, and national regulations, codes, and permitting processes that govern various aspects of project planning, design, and execution. Navigating this intricate landscape can be challenging, as compliance requires meticulous attention to detail and a deep understanding of the evolving legal requirements. Additionally, obtaining necessary permits often involves lengthy approval processes, causing delays impacting project timelines and budgets. These delays increase operational costs and hinder construction companies' ability to meet deadlines and client expectations.
The global outbreak of COVID-19 has had a significant impact on the trade relations of major players in various industries worldwide. The growth of the global civil engineering industry, specifically in the structural design sector, can be largely attributed to increased investment and advancements in development projects. However, implementing lockdown measures in different countries has resulted in suspending development activities and halted infrastructure progress, particularly in emerging economies such as India, China, and other Southeast Asian nations.
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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.
Top Companies Market Share in Construction Services Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
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
The above graph is for illustrative purposes only.
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Global Construction Services Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Construction Services Industry growth. Construction Services market has been segmented with the help of its Services, Application Customers Industry, and others. Construction Services market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
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.
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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.
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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.
Senior Analyst at Cognitive Market Research
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.
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. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Construction Services Market is witnessing significant growth in the near future.
In 2023, the Planning & Design segment accounted for noticeable share of global Construction Services Market and is projected to experience significant growth in the near future.
The Real Estate segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies AECOM , United States Army Corps of Engineers and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Services | Planning & Design, Construction, Maintenance, Others |
Application | Real Estate, Infrastructure, Industrial |
Customers Industry | Government, Private, Others |
List of Competitors | 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 |
This chapter will help you gain GLOBAL Market Analysis of Construction Services. Further deep in this chapter, you will be able to review Global Construction Services Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Services Analysis 2019 -2031, will provide market size split by Services. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Services Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Customers Industry Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Construction Services market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Planning & Design have a significant impact on Construction Services market? |
What are the key factors affecting the Planning & Design and Construction of Construction Services Market? |
What is the CAGR/Growth Rate of Real Estate during the forecast period? |
By type, which segment accounted for largest share of the global Construction Services Market? |
Which region is expected to dominate the global Construction Services Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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