Significant investments by government bodies to improve infrastructure is anticipated to boost the demand for geotechnical engineering by the end of 2024. The impressive growth in the real estate sector in the developing countries of Asia-Pacific, such as India and China, is also expected to boost the growth of the geotechnical engineering market in this region. In 2018, the global geotechnical engineering market was valued at USD 5 trillion, which is expected to witness 5.8% CAGR during the forecast period.
Get a FREE Sample with Complete TOC @
https://www.marketresearchfuture.com/sample_request/7991
The prominent players in the global geotechnical engineering market:
- Bechtel Corporation (US)
- Fluor Corporation (US)
- KBR Inc. (US)
- Jacobs Engineering Group (US)
- AECOM (US)
- CB&I (US)
- CH2M HILL (US)
- The Turner Corp (US)
- AMEC (UK)
- Kiewit Corp (US)
- Black & Veatch (US)
Market Highlights
The global geotechnical engineering market is anticipated to witness sustainable growth during the forecast period. The rising demand for eco-friendly and sustainable construction and government support, fuel the demand of geotechnical engineering market across the globe. However, the high cost of the raw materials coupled with the lack of skilled labor hinders the growth of the global market.
The building construction segment is expected to witness maximum growth rate in the overall geotechnical engineering market
In terms of application, the building construction segment is anticipated to register sustainable growth during the forecast period. This is attributed to the technological advancements in construction material and equipment industry, across the globe.
Asia-Pacific is expected to see a gradual growth in the geotechnical engineering market during the forecast period: MRFR
Based on region, the global geotechnical engineering market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific dominated the global geotechnical engineering market, followed by North America and Europe, primarily due to the high demand for infrastructure projects, which in the process creates demand for imported building and construction materials and services. Asia-Pacific is projected to be the most lucrative region in the market, owing to the significant amount of investments of the construction industry in industrial engineering projects. Furthermore, various global manufacturers are investing in the manufacturing sector, which is further expected to boost the demand for geotechnical engineering in the region during the forecast period. China is one of the leading markets in this region. Growing industrialization and increased population fuel the demand for affordable residential houses. Hence, the geotechnical engineering market in Asia-Pacific is expected to witness 6.5% CAGR between 2019 and 2024.
Intended Audience:
- Raw Material Suppliers
- End Users
- Contractors
- Traders & Distributors
- Regulatory Bodies
Regional Analysis: Global Geotechnical Engineering Market
Geographically, the global geotechnical engineering market is segmented on the basis of region into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific held the largest share in the geotechnical engineering market. The market in this region is majorly driven by technological advancements in the construction industry coupled with the presence of manufacturers in this market.
Asia-Pacific is also anticipated to witness maximum growth rate over the forecast period. While a majority of the companies are based in the US, Asia-Pacific has witnessed an overwhelming increase in the demand for geotechnical engineering. Companies based out of the US are now setting up operations in countries such as India and China, which offer tax benefits and reduced manufacturing costs.
North America accounted for the second largest market, which is anticipated to exhibit sustainable growth rate during the forecast period. Repair and renovation activities in the real estate and commercial sector is projected to augment the demand for civil and structural engineering in North America during the forecast period.
Get More Information on Geotechnical Engineering Market Research Report – Global Forecast 2023 @
https://www.marketresearchfuture.com/reports/geotechnical-engineering-market-7991
List Of Tables
Table 1 Global Geotechnical Engineering Market, By Region, 2019–2024
Table 2 North America: Geotechnical Engineering Market, By Country, 2019–2024
Table 3 Europe: Geotechnical Engineering Market, By Country, 2019–2024
Table 4 Asia-Pacific: Geotechnical Engineering Market, By Country, 2019–2024
Table 5 Rest Of The World: Geotechnical Engineering Market, By Country, 2019–2024
Table 6 Global Geotechnical Engineering Market, By Type, By Region, 2019–2024
Table 7 North America: Geotechnical Engineering Market, By Type, By Country, 2019–2024
Table 8 Europe: Geotechnical Engineering Market, By Type, By Country, 2019–2024
Table 9 Asia-Pacific: Geotechnical Engineering Market By Type, By Country, 2019–2024
Table 10 Rest Of The World: Geotechnical Engineering Market By Type, By Country, 2019–2024
Continued………..
List Of Figures
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down And Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
FIGURE 8 Global Geotechnical Engineering Market Share, By Type, 2018 (%)
FIGURE 9 Global Geotechnical Engineering Market, By Type, 2019–2024 (USD MILLION)
FIGURE 10 Global Geotechnical Engineering Market Share, By Application, 2018 (%)
Continued………..
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/geotechnical-engineering-market-7991