Technological advancements amid changing construction needs, are expected to drive market expansion in the near future at a CAGR of 5.82% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Geotechnical Engineering Market” that contains information from 2019 to 2032. The Global Geotechnical Engineering Market is estimated to register a CAGR of 5.82% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the Global Geotechnical Engineering Market— Bechtel Corporation, Fluor Corporation, KBR Inc, Jacobs Solutions Inc, Aecom, Turner Construction Company, Kiewit Corporation, Tetra Tech, Inc, PCL Constructors Inc, and HDR.

Geotechnical Engineering Market Highlights

The Global Geotechnical Engineering Market is estimated to register a CAGR of 5.82% during the forecast period and is estimated to reach USD 2,27,753.09 Million by 2032.

Because of the rising level of construction activity around the world, the market for civil engineering is anticipated to expand. The real estate industry is anticipated to expand significantly globally along with growing urbanization. More than 54% of the world's population, as reported by the United Nations (UN), resides in urban regions, which creates employment opportunities and raises people's income levels. The global residential building industry is anticipated to expand as a result of consumers' rising standards of living. Urbanization and the growing global population are the main drivers of the world's rapid infrastructure development. All across the world, smart cities are being developed, and public infrastructure is being modernized and expanded. Public facilities like schools, hospitals, libraries, parks for recreation, community centres, bus and train stations, and airports are being created, extended, or upgraded. Construction of industrial facilities, manufacturing and assembly facilities, office buildings, and shopping centres is growing globally. Global urbanization and population growth are both predicted to drive growth in the geotechnical engineering industry.

An optimistic view for the geotechnical engineering market size is being provided by the soaring demand for environmentally friendly buildings, together with supportive government initiatives and growing urban population throughout key metropolitan centres globally. Customers have access to cutting-edge systems and alternatives due to the rising R&D investments made by major industry players in a number of technologies, including smart grids, urban transportation, industrial automation, and parking systems. There is an increasing need for infrastructure construction across Europe and North America, as well as for it to be done in a smarter, quicker, cheaper, and more sustainable manner. Geotechnics is crucial in delivering the solutions required to make this possible, and international collaboration in geotechnical research and development is anticipated to be a lucrative opportunity. In order to find pertinent solutions to the genuine challenges, all stakeholders within the construction sector are involved in this process, which is guided by the sector.

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Segment Analysis

The Global Geotechnical Engineering Market has been segmented based on type, and application.

On the basis of type, the market is segmented into underground city space engineering, slope and excavation engineering, ground and foundation engineering. The slope and excavation engineering segment dominated the global market in 2023, while the underground city space engineering is projected to be the fastest–growing segment during the forecast period. Construction of underground tunnels for rail and metro, water and gas pipelines, and other public utility infrastructure is a key use of the underground city space service. Rapid growth is being seen in the demand for rail, metro, and other public service facilities. As a result, there is a great need for underground city space service. Another significant category that is projected to make a significant contribution throughout the course of the forecast period is ground and foundation. Before building construction, military operations, and municipal projects, among others, this service is used.

Based on application, the Global Geotechnical Engineering Market is bifurcated into municipal engineering, hydraulic engineering, bridge and tunnel engineering, mining engineering, building construction, and others. The building construction segment dominated the market in 2023, while the others segment is projected to be the fastest–growing segment during the forecast period. The geotechnical services needed for building airports, government buildings, power plants, dams, and utility pipelines are all included in the municipal section. Another prominent sector of this market is mining, which is anticipated to make a sizable contribution throughout the forecast period. The practice of geotechnical engineering has become crucial to mine operations. The majority of mining corporations now have internal geotechnical knowledge at both the corporate and mine levels, and they also hire consultants to carry out project studies or address particular ground engineering issues. Strict mine safety requirements and the mining industry's eventual acceptance of the usefulness of active ground engineering in improving mine design and managing geotechnical risks were the driving forces behind this significant development.

Regional Analysis

The Global Geotechnical Engineering Market, based on region, has been divided into USA, Canada, France, United Kingdom, Poland, Germany, Hungary, Czech Republic, Australia, New Zealand, Slovakia, Singapore, Chile, Mozambique, and Colombia. The largest market share for the Geotechnical Engineering was maintained by the USA regional sector. The government's emphasis on constructing affordable housing around the nation will fuel the growth of the residential construction sector. In order to alleviate the nation's existing housing shortage, governmental and private sector investment in housing projects will also promote forecast-period growth in the residential building sector. In the US, the government's focus on revitalising the tourism industry will work in tandem with declining cases and loosening travel restrictions to encourage a steady comeback in consumer and investor confidence throughout the projection period.

Additionally, Investment in infrastructure projects for housing, transportation, and energy will help growth during the projection period. Public initiatives like the government's three-year growth plan, which was unveiled in October 2020, will also boost the industry.

According to estimates, the government's emphasis on the development of oil and gas projects and energy infrastructure, particularly renewable energy infrastructure, would help the construction activity in the energy and utilities sector increase in 2022. Capstone Infrastructure Corporation awarded an engineering, procurement, and construction (EPC) contract to Bird Building Inc. in September 2022 for the construction of two wind farms in Alberta.

Despite the epidemic, Canada's residential construction industry remained resilient and had steady growth during the previous two years. The government's pandemic-related stimulus programmes, in addition to historically low interest rates and the ensuing ultra-low borrowing costs, all contributed to this. Thus, the abovementioned factors are likely to support the growth of the geotechnical engineering market in Canada.

Moreover, The National Institute of Statistics and Economic Studies (INSEE) reports that in the first half of 2022, the average construction materials cost index experienced a year-over-year (Y-o-Y) increase of 17.8%. The French construction sector is predicted to contract marginally by 0.6% next year because to the uncertainties surrounding the global economy and the country's present economic challenges, which include increased interest rates. This trend of weakness is anticipated to last until 2023.  In France, the adoption of environmental legislation that encourage the use of cleaner, more environmentally friendly energy sources is anticipated to fuel the growth of the global geotechnical services market. Additionally, efforts to lessen reliance on conventional power are anticipated to make a significant contribution to market expansion. One significant renewable energy source that has the ability to address a variety of global problems, including electricity generation, is wind energy. One of the most often used services in wind turbine installation is geotechnical surveys.

Key Findings of the Study

• The Global Geotechnical Engineering Market is expected to reach USD 2,27,753.09 Million by 2032, at a CAGR of 5.82% during the forecast period.


• The USA region accounted for the fastest-growing global market due to government's emphasis on constructing affordable housing around the nation will fuel the growth of the residential construction sector.


• Based on type, the slope and excavation engineering segment was attributed to holding the largest market in 2023.


• Bechtel Corporation, Fluor Corporation, KBR Inc, Jacobs Solutions Inc, Aecom, Turner Construction Company, Kiewit Corporation, Tetra Tech, Inc, PCL Constructors Inc, and HDR International are the key market players.