CATEGORY
Civil Construction Services
Civil works are generally the execution part of the construction process. The scope of civil works includes the construction of structual components of buildings/facilities and pre construction works including excavation, foundation etc.
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Savings Achieved
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The average annual savings achieved in Civil Construction Services category is 8.60%
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The industry average payment terms in Civil Construction Services category for the current quarter is 63.8 days
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Civil Construction Services market report transcript
Global Civil Construction Services Industry Outlook
- The global construction industry is expected to grow by an average of around 0.5 percent in 2020, strongly effected by Covid-19 as US, China, and India expected to hold an approx. 50 percent of share, worth $87 trillion, in incremental construction spend over the next 15 years
- Integrated project delivery is expected to be an emerging trend, enabling successful implementation and potential benefits ofthis outsourcing model in large-scale projects in the US
- Reduction in lifecycle cost and time are the key factors that led to an increase in the usage of technologies like BIM (3D&4D), laser scanning, 3D printing, and smart building systems in the global construction sector
Global Construction-Industry Overview
The global civil construction industry is projected to grow from $5.9 trillion in 2017 to $6.79 trillion in 2021. This increase is primarily driven by the proposed government spending on infrastructure projects, primarily in Asia
LATAM and APAC accounted for more than half of the world's construction output in 2016 and by 2020; they will have a share of ~55 percent
The size of the worldwide civil engineering industry, which was estimated to be worth USD 7.74 trillion in 2020, is anticipated to increase at a CAGR of 5.7% from 2021 to 2028. Growth in the market is predicted to be fueled by emerging nations' rapid industrialization and urbanization as well as the increasing global emphasis on building high-quality infrastructure.
The growth of the construction industry is anticipated to be boosted by an increase in infrastructure and capital projects, which would in turn increase consumer demand for the products. Forecasting the construction industry's future growth prospects globally. The worldwide construction industry is expected to generate 17.5 trillion US dollars in total output in 2030, an increase of 85% from 2014 and a compound annual growth rate of 3.9%. From 2016 through 2030, the worldwide construction industry is projected to generate US$212 trillion in total production.
According to projections, the infrastructure sector would experience the highest CAGR between 2021 and 2028.
Over the projection period, segment expansion is anticipated to be driven by rising governmental and private investments in the development of infrastructure projects, including railways, roads, airports, canals, and others. Additionally, a growing preference for designing and creating flexible infrastructure is anticipated to fuel the development of infrastructure applications.
Developed Regions
- NA: Stronger infrastructure and residential will be the key determinants of the construction output in the region. The region is poised for stable growth until 2021
- WE: European construction will grow 2.7 per cent this year – the pace will slow down clearly from last year's 3.5 per cent.Growth will continue in 2019 and 2020 but at a slower rate, and construction will no longer be the European engine of growth
Developing Regions
- APAC: The percentage contribution in the global construction spend is expected to reach close to 45 percent in 2020. Though China's construction faces a slowdown in growth, it still remains the prime market, with 60 percent share in the region
- LATAM: The region is facing a slow growth rate, which is expected to continue for the next three years. Brazil's construction industry is shrinking in real dollar values, while Argentina and Mexico continue to be the bright spots with better growth rates
- Due to the availability of cheap labour in countries like China, India, and others, the Asia-Pacific region led the market and accounted for over 32% of worldwide revenue in 2020.
- The rising demand for industrial and commercial construction would cause the regional market to grow further at a consistent CAGR from 2021 to 2028. Because of its highly established industrial sector, government programs to build social infrastructure, and rising residential demand, the U.S. dominates the market in North America.
- China pushes the "One Belt One Road (OBOR)" program and encourages the development of the infrastructure in the nations that are part of the route.
- There is a significant need for existing urban transportation, water supply networks, electricity supply systems, and other infrastructure investments due to the ongoing expansion of urbanization in the countries along the route. The average annual market space is anticipated to exceed 3 trillion dollars, and the cumulative output value is anticipated to reach 44.6 trillion dollars.
- The economy of the EU depends heavily on the construction sector. It contributes roughly 4.84 percent of the EU's GDP and 15 million direct jobs.
Global Construction—Design Technology
3D laser scanning
- 3D laser scanning can be used in reproducing dimensions and positions of the object digitally, further turning them into a point cloud image
- 3D laser scanning of building structures will support offsite design recommendations, which saves time and costs
- Big projects are handled by having multiple scans from different angles and linking them all together to get an image, which is then exported to CAD or BIM programs to get a 3D model or drawing
BIM
- BIM is now being incorporated at all levels on the construction projects
- The physical building is constructed digitally by creating a virtual model, which reduces the risk of mistakes or discrepancies and also for cost saving
- Delivers spatial coordination on construction projects
- Tracking and monitoring construction development in the cloud reduces errors and redundancy
- Assessing documents, work lists, punch lists, field reports electronically
- Handling electrical systems to peak performance
Other Design Software
Different technologies that are currently being used in the construction industry for engineering and design are DataCAD, ArchiCAD, CADKEY, ConSteel, REVIT, NavisWroks, StruCad and Nemetschek, as well as Corel Draw and Atlantis