Geotechnical Engineering Market Research Report - Global Forecast 2030

Geotechnical Engineering Market Research Report: Information, by Type (Underground City Space Engineering, Slope and Excavation Engineering and Ground and Foundation Engineering), by Application (Municipal Engineering, Hydraulic Engineering, Bridge and Tunnel Engineering, Mining Engineering, Building Construction and others) and by Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2030

ID: MRFR/CO/6519-HCR | February 2021 | Region: Global | 100 Pages         

Table of Contents

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining Power of Buyers

3.1.3 Threat of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

5 Geotechnical Engineering Market, by Type

5.1 Introduction

5.2 Underground City Space Engineering

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast, by Region, 2020-2027

5.3 Slope and Excavation Engineering

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast, by Region, 2020-2027

5.4 Ground and Foundation Engineering

5.4.1 Market Estimates & Forecast, 2020-2027

5.4.2 Market Estimates & Forecast, by Region, 2020-2027

6 Geotechnical Engineering Market, by Application

6.1 Introduction

6.2 Municipal Engineering

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast, by Region, 2020-2027

6.3 Hydraulic Engineering

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast, by Region, 2020-2027

6.4 Bridge and Tunnel Engineering

6.4.1 Market Estimates & Forecast, 2020-2027

6.4.2 Market Estimates & Forecast, by Region, 2020-2027

6.5 Mining Engineering

6.5.1 Market Estimates & Forecast, 2020-2027

6.5.2 Market Estimates & Forecast, by Region, 2020-2027

6.6 Building Construction

6.6.1 Market Estimates & Forecast, 2020-2027

6.6.2 Market Estimates & Forecast, by Region, 2020-2027

6.7 Others

6.7.1 Market Estimates & Forecast, 2020-2027

6.7.2 Market Estimates & Forecast, by Region, 2020-2027

7 Geotechnical Engineering Market, by Region

7.1 Introduction

7.2 North America

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast, by Type, 2020-2027

7.2.3 Market Estimates & Forecast, by Application, 2020-2027

7.2.4 US

7.2.4.1 Market Estimates & Forecast, 2020-2027

7.2.4.2 Market Estimates & Forecast, by Type, 2020-2027

7.2.4.3 Market Estimates & Forecast, by Application, 2020-2027

7.2.5 Canada

7.2.5.1 Market Estimates & Forecast, 2020-2027

7.2.5.2 Market Estimates & Forecast, by Type, 2020-2027

7.2.5.3 Market Estimates & Forecast, by Application, 2020-2027

7.2.6 Mexico

7.2.6.1 Market Estimates & Forecast, 2020-2027

7.2.6.2 Market Estimates & Forecast, by Type, 2020-2027

7.2.6.3 Market Estimates & Forecast, by Application, 2020-2027

7.3 Europe

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast, by Type, 2020-2027

7.3.3 Market Estimates & Forecast, by Application, 2020-2027

7.3.4 UK

7.3.4.1 Market Estimates & Forecast, 2020-2027

7.3.4.2 Market Estimates & Forecast, by Type, 2020-2027

7.3.4.3 Market Estimates & Forecast, by Application, 2020-2027

7.3.5 Germany

7.3.5.1 Market Estimates & Forecast, 2020-2027

7.3.5.2 Market Estimates & Forecast, by Type, 2020-2027

7.3.5.3 Market Estimates & Forecast, by Application, 2020-2027

7.3.6 France

7.3.6.1 Market Estimates & Forecast, 2020-2027

7.3.6.2 Market Estimates & Forecast, by Type, 2020-2027

7.3.6.3 Market Estimates & Forecast, by Application, 2020-2027

7.3.7 Italy

7.3.7.1 Market Estimates & Forecast, 2020-2027

7.3.7.2 Market Estimates & Forecast, by Type, 2020-2027

7.3.7.3 Market Estimates & Forecast, by Application, 2020-2027

7.3.8 Rest of Europe

7.3.8.1 Market Estimates & Forecast, 2020-2027

7.3.8.2 Market Estimates & Forecast, by Type, 2020-2027

7.3.8.3 Market Estimates & Forecast, by Application, 2020-2027

7.4 Asia-Pacific

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast, by Type, 2020-2027

7.4.3 Market Estimates & Forecast, by Application, 2020-2027

7.4.4 China

7.4.4.1 Market Estimates & Forecast, 2020-2027

7.4.4.2 Market Estimates & Forecast, by Type, 2020-2027

7.4.4.3 Market Estimates & Forecast, by Application, 2020-2027

7.4.5 Japan

7.4.5.1 Market Estimates & Forecast, 2020-2027

7.4.5.2 Market Estimates & Forecast, by Type, 2020-2027

7.4.5.3 Market Estimates & Forecast, by Application, 2020-2027

7.4.6 India

7.4.6.1 Market Estimates & Forecast, 2020-2027

7.4.6.2 Market Estimates & Forecast, by Type, 2020-2027

7.4.6.3 Market Estimates & Forecast, by Application, 2020-2027

7.4.7 Rest of Asia-Pacific

7.4.7.1 Market Estimates & Forecast, 2020-2027

7.4.7.2 Market Estimates & Forecast, by Type, 2020-2027

7.4.7.3 Market Estimates & Forecast, by Application, 2020-2027

7.5 Rest of the World

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast, by Type, 2020-2027

7.5.3 Market Estimates & Forecast, by Application, 2020-2027

7.5.4 South America

7.5.4.1 Market Estimates & Forecast, 2020-2027

7.5.4.2 Market Estimates & Forecast, by Type, 2020-2027

7.5.4.3 Market Estimates & Forecast, by Application, 2020-2027

7.5.5 Middle East & Africa

7.5.5.1 Market Estimates & Forecast, 2020-2027

7.5.5.2 Market Estimates & Forecast, by Type, 2020-2027

7.5.5.3 Market Estimates & Forecast, by Application, 2020-2027

8 Competitive Landscape

9 Company Profile

9.1 Bechtel Corporation (US)

9.1.1 Company Overview

9.1.2 Products/Services Offered

9.1.3 Financial Overview

9.1.4 Key Developments

9.1.5 Key Strategies

9.1.6 SWOT Analysis

9.2 Fluor Corporation (US)

9.2.1 Company Overview

9.2.2 Products/Services Offered

9.2.3 Financial Overview

9.2.4 Key Developments

9.2.5 Key Strategies

9.2.6 SWOT Analysis

9.3 KBR Inc. (US)

9.3.1 Company Overview

9.3.2 Products/Services Offered

9.3.3 Financial Overview

9.3.4 Key Developments

9.3.5 Key Strategies

9.3.6 SWOT Analysis

9.4 Jacobs Engineering Group (US)

9.4.1 Company Overview

9.4.2 Products/Services Offered

9.4.3 Financial Overview

9.4.4 Key Developments

9.4.5 Key Strategies

9.4.6 SWOT Analysis

9.5 AECOM (US)

9.5.1 Company Overview

9.5.2 Products/Services Offered

9.5.3 Financial Overview

9.5.4 Key Developments

9.5.5 Key Strategies

9.5.6 SWOT Analysis

9.6 CB&I (US)

9.6.1 Company Overview

9.6.2 Products/Services Offered

9.6.3 Financial Overview

9.6.4 Key Developments

9.6.5 Key Strategies

9.6.6 SWOT Analysis

9.7 CH2M HILL (US)

9.7.1 Company Overview

9.7.2 Products/Services Offered

9.7.3 Financial Overview

9.7.4 Key Developments

9.7.5 Key Strategies

9.7.6 SWOT Analysis

9.8 The Turner Corp (US)

9.8.1 Company Overview

9.8.2 Products/Services Offered

9.8.3 Financial Overview

9.8.4 Key Developments

9.8.5 Key Strategies

9.8.6 SWOT Analysis

9.9 AMEC (UK)

9.9.1 Company Overview

9.9.2 Products/Services Offered

9.9.3 Financial Overview

9.9.4 Key Developments

9.9.5 Key Strategies

9.9.6 SWOT Analysis

9.10 Kiewit Corp (US)

9.10.1 Company Overview

9.10.2 Products/Services Offered

9.10.3 Financial Overview

9.10.4 Key Developments

9.10.5 Key Strategies

9.10.6 SWOT Analysis

9.11 Black & Veatch (US)

9.11.1 Company Overview

9.11.2 Products/Services Offered

9.11.3 Financial Overview

9.11.4 Key Developments

9.11.5 Key Strategies

9.11.6 SWOT Analysis

List of Tables

Table 1 Global Geotechnical Engineering Market, by Region, 2020-2027

Table 2 North America: Geotechnical Engineering Market, by Country, 2020-2027

Table 3 Europe: Geotechnical Engineering Market, by Country, 2020-2027

Table 4 Asia-Pacific: Geotechnical Engineering Market, by Country, 2020-2027

Table 5 Rest of the World: Geotechnical Engineering Market, by Country, 2020-2027

Table 6 Global Geotechnical Engineering Market, by Type, by Region, 2020-2027

Table 7 North America: Geotechnical Engineering Market, by Type, by Country, 2020-2027

Table 8 Europe: Geotechnical Engineering Market, by Type, by Country, 2020-2027

Table 9 Asia-Pacific: Geotechnical Engineering Market by Type, by Country, 2020-2027

Table 10 Rest of the World: Geotechnical Engineering Market by Type, by Country, 2020-2027

Table 11 Global Geotechnical Engineering Market, by Application, by Region, 2020-2027

Table 12 North America: Geotechnical Engineering Market, by Application, by Country, 2020-2027

Table 13 Europe: Geotechnical Engineering Market, by Application, by Country, 2020-2027

Table 14 Asia-Pacific: Geotechnical Engineering Market by Application, by Country, 2020-2027

Table 15 Rest of the World: Geotechnical Engineering Market by Application, by Country, 2020-2027

Table 16 Global Geotechnical Engineering Market, by Region, 2020-2027

Table 17 Global Geotechnical Engineering Market, by Type, 2020-2027

Table 18 Global Geotechnical Engineering Market, by Application, 2020-2027

Table 19 North America: Geotechnical Engineering Market, by Country

Table 20 North America: Geotechnical Engineering Market, by Type

Table 21 North America: Geotechnical Engineering Market, by Application

Table 22 Europe: Geotechnical Engineering Market, by Country

Table 23 Europe: Geotechnical Engineering Market, by Type

Table 24 Europe: Geotechnical Engineering Market, by Application

Table 25 Asia-Pacific: Geotechnical Engineering Market, by Country

Table 26 Asia-Pacific: Geotechnical Engineering Market, by Type

Table 27 Asia-Pacific: Geotechnical Engineering Market, by Application

Table 28 Rest of the World: Geotechnical Engineering Market, by Region

Table 29 Rest of the World: Geotechnical Engineering Market, by Region

Table 30 Rest of the World: Geotechnical Engineering Market, by Type

Table 31 Rest of the World: Geotechnical Engineering Market, by Application

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, 2020 (%)

FIGURE 9 Global Geotechnical Engineering Market, by Type, 2020-2027 (USD MILLION)

FIGURE 10 Global Geotechnical Engineering Market Share, by Application, 2020 (%)

FIGURE 11 Global Geotechnical Engineering Market, by Application, 2020-2027 (USD MILLION)

FIGURE 12 Global Geotechnical Engineering Market Share (%), by Region, 2020

FIGURE 13 Global Geotechnical Engineering Market, by Region, 2020-2027 (USD MILLION)

FIGURE 14 North America: Geotechnical Engineering Market Share (%), 2020

FIGURE 15 North America: Geotechnical Engineering Market by Country, 2020-2027 (USD MILLION)

FIGURE 16 Europe: Geotechnical Engineering Market Share (%), 2020

FIGURE 17 Europe: Geotechnical Engineering Market, by Country, 2020-2027 (USD MILLION)

FIGURE 18 Asia-Pacific: Geotechnical Engineering Market Share (%), 2020

FIGURE 19 Asia-Pacific: Geotechnical Engineering Market, by Country, 2020-2027 (USD MILLION)

FIGURE 20 Rest of the World: Geotechnical Engineering Market Share (%), 2020

FIGURE 21 Rest of the World: Geotechnical Engineering Market by Country, 2020-2027 (USD MILLION)

Geotechnical Engineering Market

The global geotechnical engineering market share was valued at USD 49.17 billion in 2020, is expected to grow at a Compound Annual Growth Rate ( CAGR ) of 6.6% over the forecast period 2021-2028.

Segmentation

By Type Underground City Space Engineering Slope Excavation Engineering Ground Foundation Engineering
By Application Municipal Engineering Hydraulic Engineering Bridge Tunnel Engineering Mining Engineering Building Construction Others

Key Players

  • 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)

Drivers

  • Growth in the real estate sector
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Market Analysis


The global geotechnical engineering market is witnessing rapid growth with rising investments in the development of resilient structures.  The global geotechnical engineering market share was valued at USD 49.17 billion in 2020. The assessment of soil for proper foundational engineering is vital for any infrastructure development project which ultimately raises the need for geotechnical engineering.


Geotechnical engineering is the study of earth materials for analysis, design, and construction of commercial or civil infrastructure.  This knowledge plays a vital role in the development of foundations, tunnels, bridges, slopes, or any man-made structure. Therefore, proper support of geotechnical engineering is necessary to mitigate the rising challenges in the construction industry. The global geotechnical engineering market is expected to grow at a Compound Annual Growth Rate ( CAGR )/of 6.6 % over the forecast period 2021-2028.


The world is becoming energy-hungry with each passing day. The proper utilization of geotechnical engineering technology will help in power generation by reducing the chances of failure of hydropower, wind power structures, and mines. Moreover, the use of geotechnical services in the construction of smart cities will help in saving our vital resources. The global geotechnical engineering market is expected to be worth USD 56 billion by the end of the current forecast period in 2028.


Covid 19 Analysis


Covid-19 adversely affected the global geotechnical engineering market. The halt in construction activities across the globe led to a fall in the demand for geotechnical engineering services. The market was also affected by the cash crunch of building companies due to poor economic activity during the period. Furthermore, the shortage of labor and capital led to delay or postponement of major construction and mining activities. However, the market is witnessing a positive uprising with the resumption of construction activities after the relaxation of restriction measures. 


Competitive Landscape


The major global companies playing a key role in the geotechnical engineering market are :



Market Dynamics


Drivers


The rapid infrastructure development across the globe is raising the demand for geotechnical engineering services. As the knowledge of geotechnical engineering is vital for starting any development project the demand for these services is ever rising. The rising urbanization and the need for resilient structures are directly contributing to the market growth. Moreover,  increasing energy consumption and demand for mineral products has led to the development of the mining and renewable energy industry thereby, of the geotechnical engineering industry.


Remarkable scientific advancements in geotechnical engineering technology are helping mankind to build vital infrastructure in difficult zones. There is also a high demand for earthquake-resistant and other natural and artificial disaster-resilient structures. Therefore, increasing investments in infrastructure development by governments across the world is driving the growth of the global geotechnical engineering market.


Restraints


The high cost of geotechnical engineering services is a major restraining factor for the growth of the global geotechnical engineering market. This high cost arises due to the need for skilled technological knowledge and the use of sophisticated instruments and costly software. Therefore, it restricts small builders from getting the benefits of geotechnical engineering services.


Technology Analysis


Geotechnical engineering is a branch of civil engineering especially dealing with the use of earth matter ( soil, rocks, etc.) as an engineering material. This discipline allows the study of soil behavior under the influence of loading force for infrastructure development purposes. Geotechnical engineers apply this knowledge for foundational engineering of all civil, military & industrial infrastructures including dams, roads, infills, underground structures, etc. Therefore,  they play an important role in the successful establishment of every construction project.


Geotechnical engineering includes the study of a vast range of subjects like civil engineering, geology, soil and rock mechanics, slope stability, foundation engineering, and computational mechanics. The need for more complex, resilient, and sustainable structures arises from the need for constant developments in geotechnical engineering techniques. 


Study Objectives


The specific objectives of this market report on the geotechnical engineering market are given below:



  • To provide a complete overview of the geotechnical engineering market.

  • To analyze and forecast the geotechnical engineering market in terms of value and volume.

  • To provide information about the impact of covid 19 on the market and market response thereafter.

  • To identify the problems and prospects of the geotechnical engineering market.

  • To give details about the technological aspect of the market.

  • To provide an overview of the regional markets and other different market segments.

  • To identify the key players of the geotechnical engineering industry.


Segment Analysis


Segmentation of the global geotechnical engineering market, by Type



  • Underground City Space Engineering

  • Slope and Excavation Engineering

  • Ground and Foundation Engineering


Ground and Foundation engineering dominates the global geotechnical engineering market owing to the high demand for infrastructure development. Foundation engineering forms the base for the development of all different kinds of infrastructures from residential engineering to mega structures. 


However, underground city space engineering is witnessing rapid growth. The redevelopment and expansion of cities especially in developing countries are generating huge demand for underground city space engineering. Good underground and foundation engineering indirectly helps in the smooth functioning of activities in the modern city.


Segmentation of the global geotechnical engineering market, by Application



  • Municipal Engineering

  • Hydraulic Engineering

  • Bridge and Tunnel Engineering

  • Mining Engineering

  • Building Construction

  • Others


Mining engineering is the significant employer of geotechnical engineering services. The economic and life risks associated with mining activities increase the demand for these services.  However, Bridge and tunnel engineering is also witnessing rapid growth with an emphasis on modern infrastructure development. Bridges and tunnels are vital for ensuring connectivity therefore are always on the primary list of developmental works.


Regional Analysis


The different regional markets for the global geotechnical engineering market are:



  • Americas

    • North America

      • US

      • Canada



    • South America

      • Mexico

      • Argentina

      • Brazil







  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe





  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia & New Zealand

    • Rest of Asia-Pacific





  • Rest of the world ( RoW )

    • The Middle East

    • Africa




Asia-Pacific holds the largest share of the global geotechnical engineering market owing to rising infrastructure development in this region. The presence of major developing economies like China, India, Japan, Korea, Indonesia, and their rapid industrial growth are contributing to market growth. The huge investments in construction activities make this region a leader in employing geotechnical engineering services.


The market in the American segment is also witnessing significant growth. Strict regulatory approvals for construction activities generate the need for employing geotechnical engineering services for proper assessment.  Moreover, the expansion of oil & gas and mining industries also accounts for the growth of the geotechnical engineering market in this region.


The Middle East and Africa segment also account for a large share in the global geotechnical engineering market. The government's emphasis on building and infrastructure development and the presence of different mining industries leads to demand generation for these services in this segment. The European market is expected to grow at a moderate rate over the forecast period. 


Recent Developments



  • In July 2021, Universal Engineering Sciences® (UES), A US-based engineering service provider, completed the acquisition of Geotechnology, Inc., the leading provider of Geotechnical and environmental engineering services in the US. This acquisition will strengthen the market reach of UES and will help in providing better service to its customers.


Intended Audience


This report will be beneficial for every stakeholder of the geotechnical engineering market such as :



  • Geotechnical engineers

  • Builders and Developers

  • Construction Industry

  • Infrastructural designing and planning institutes

  • Plan approval authorities


Report Overview


This report from Market Research Future provides an in-depth analysis of the geotechnical engineering market in terms of current value and future forecast. This report also highlights the problems and prospects of the given market.


Moreover, the technological analysis section of this report will help in better knowledge of the product & services of the product. Furthermore, this report contains a detailed analysis of different segments of the given market for the current forecast period. This report has also highlighted the key players and the current developments in the geotechnical engineering market. 



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   6.5% CAGR (2022 to 2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Trillion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Technology, by Application, by Material
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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), and Black & Veatch (US).
  Key Market Opportunities

  • Rapid urbanization
  • Unprecedented growth in the construction sector
  • Increase in focus on innovation in green construction materials
  •   Key Market Drivers   Growth in the real estate sector


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    Frequently Asked Questions (FAQ) :

    Geotechnical engineering market is projected to grow at a 5.8% CAGR between 2020-2027..

    The APAC region is predicted to have the largest share in the geotechnical engineering market.

    Key players profiled in the geotechnical engineering market include Black & Veatch (US), Kiewit Corp (US), AMEC (UK), The Turner Corp (US), CH2M HILL (US), CB&I (US), AECOM (US), Jacobs Engineering Group (US), KBR Inc. (US), Fluor Corporation (US), and Bechtel Corporation (US).

    The mining engineering segment will lead the geotechnical engineering market.

    Lack of skilled labor may limit the geotechnical engineering market growth.