ID: MRFR/CO/5945-HCR | August 2022 | Region: Global | 100 pages
Impact of COVID-19 on the Civil Engineering Market
The novel COVID-19 has significantly affected the construction industry across the world. This has affected the economy of the various nations. The COVID-19 pandemic has affected the health pandemic as well as an economic pandemic. The growth of the civil engineering market is expected to witness owing to the increasing disposable income coupled with technological advancement in the construction projects. However, the lockdowns in the various countries have suspended the construction activities and paused the infrastructure development, especially in emerging economies such as India, China, and other Southeastern countries, which has drastically impacted the growth of the market. Due to the COVID-19 pandemic, the unavailability of the skilled laborers, as well as the disruption caused in the supply chain activities, is also hindering the growth of the civil engineering market. The expansion of the companies in different countries of the world and increase in their foothold as well as the resumption of construction projects, is expected to drive the market, post-pandemic period.
GDP GROWTH RATE IN TOP COUNTRIES, 2010–2020 (%)