The heavy and civil engineering construction market
comprises companies carrying out utilities, highway, street and bridge
construction. This market also includes companies servicing land and
subdividing property into lots for sale to builders.
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The global heavy and civil engineering construction market
has shown a modest growth in the past
years with a CAGR of over 7%. The year
2017 recorded highest ever growth in this market with a net value of more than
$5000 billion as per TBRC’s in-house consultants.
TBRC’s latest
report show latest trends in the heavy and civil engineering construction
market for each year with sourced reasons to support the growth claims.
The report also expects this market to grow at the same CAGR
till 2021.
Sample report :
The highway, street, and bridge construction market is
expected to grow at a CAGR of about 9% by 2021, which will be the highest in
this sector, and is expected to reach a market value of over $1.7 trillion.
Growth in highway, street, and bridge construction market is
attributed to factors such as emerging developing economies like China and India,
increasing demand of transportation infrastructure, growing population
worldwide and other similar reasons mentioned in TBRC’s report.
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Companies included in the report are China Railway Group
Ltd., China Railway Construction Corporation Limited, China Communications Construction
Group Ltd, Bechtel Corporation, and Power Construction Corp. Of China.
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