Civil Engineering Market is expected to grow at a CAGR of 5.7% from 2021 to 2028
Civil Engineering Industry Overview The global civil engineering market size was valued at USD 7.74 trillion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028. Rapid industrialization & urbanization in emerging economies coupled with the growing focus on the development of high-quality infrastructure worldwide is anticipated to drive market growth. An increasing number of infrastructure and capital projects is projected to boost the growth of the construction segment, which, in turn, is expected to drive the product demand over the forecast period. Increasing consumer disposable income in emerging economies is anticipated to drive the real estate segment, thereby driving the growth of the industry. The market in China is expected to exhibit high growth on account of the rapid development of application industries including real estate, infrastructure, and industrial. Expansion of the industrial and commercial sectors coupled ...