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 (USA, Canada, France, United Kingdom, Poland, Germany, Hungary, Czech Republic, Australia, New Zealand, Slovakia, Singapore, Chile, Mozambique, and Colombia) –Market Forecast Till 2032

Global Geotechnical Engineering Market Overview

Geotechnical Engineering Market Size was valued at USD 1,36,884.56 Million in 2023. The Global Geotechnical Engineering industry is projected to grow from USD 1,44,851.24 Million in 2024 to USD 2,27,753.09 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.82% during the forecast period (2024 - 2032).

Growing urbanization and rising population, favorable government policies and rising R&D expenditure, and technological advancements amid changing construction needs is driving the Geotechnical Engineering Market.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Geotechnical Engineering Market Trends

Growing urbanization & rising population, and favorable government policies & rising R&D expenditure augmenting geotechnical engineering market.

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.

Geotechnical Engineering Market Segment Insights

Global Geotechnical Engineering type Insights

Based on 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.

Figure 1: Geotechnical Engineering Market, by Type, 2023 & 2032 (USD Million)

Global Geotechnical Engineering application Insights

The Application segment of the Geotechnical Engineering Market size includes 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.

Global Geotechnical Engineering Regional Insights

The 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.

Global Geotechnical Engineering Key Market Players & Competitive Insight

Many global, regional, and local vendors characterize the Geotechnical Engineering Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.

The major players in the market include Bechtel Corporation, Fluor Corporation, KBR Inc, Jacobs Solutions Inc, Aecom, Turner Construction Company, Kiewit Corporation, Tetra Tech, Inc, PCL Constructors Inc, and HDR International, and among others. The Geotechnical Engineering Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.

Key Companies in the Geotechnical Engineering Market include.

• Bechtel Corporation
• Fluor Corporation
• KBR Inc
• Jacobs Solutions Inc
• Aecom
• Turner Construction Company
• Kiewit Corporation
• Tetra Tech, Inc
• PCL Constructors Inc
• HDR International

Global Geotechnical Engineering Industry Developments

• In October 2022, Fluor awarded contract for Imperial Renewable Diesel Project in Canada
• In March 2021, Tetra Tech, Inc. signed a five-year, multiple-award contract with the U.S. Air Force (USAF) Civil Engineering Center with a shared capacity of $2 billion to provide global architecture and engineering design services for sustainment, restoration, and modernization of military facilities and infrastructure.
• In February 2022, KBR Awarded over USD 100 million in contracts to Perform Critical Base Operations for U.S. military Installations in the Middle East
• In June 2022, Fluor awarded engineering, procurement and construction management services contract for Iluka’s Eneabba Rare Earths Refinery in Australia

Geotechnical Engineering Market Segmentation

Geotechnical Engineering Market by Type Outlook (USD Million, 2019-2032)

• Underground City Space Engineering
• Slope and Excavation Engineering
• Ground and Foundation Engineering

Geotechnical Engineering Market by Service Outlook (USD Million, 2019-2032)

• Municipal Engineering
• Hydraulic Engineering
• Bridge and Tunnel Engineering
• Mining Engineering
• Building Construction
• Others

Global Geotechnical Engineering Regional Outlook

• USA
• Canada
• France
• United Kingdom
• Poland
• Germany
• Hungary
• Czech Republic
• Australia
• New Zealand
• Slovakia
• Singapore
• Chile
• Mozambique
• Colombia

Report Attribute/Metric	Details
Market Size 2023	USD 1,36,884.56 Million
Market Size 2024	USD 1,44,851.24 Million
Market Size 2032	USD 2,27,753.09 Million
Compound Annual Growth Rate (CAGR)	5.82% (2024-2032)
Base Year	2023
Market Forecast Period	2024-2032
Historical Data	2019- 2022
Market Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Application and Region
Geographies Covered	USA, Canada, France, United Kingdom, Poland, Germany, Hungary, Czech Republic, Australia, New Zealand, Slovakia, Singapore, Chile, Mozambique, and Colombia.
Countries Covered	The U.S., Canada, Mexico, Germany, France, Italy, UK, Spain, China, Japan, India, UAE, South Africa, Saudi Arabia, Argentina, and Brazil.
Key Companies Profiled	Bechtel Corporation, Fluor Corporation, KBR Inc, Jacobs Solutions Inc, Aecom, Turner Construction Company, Kiewit Corporation, Tetra Tech, Inc, PCL Constructors Inc, and HDR International
Key Market Opportunities	·       Technological Advancements Amid Changing Construction Needs
Key Market Dynamics	·       Growing Urbanization and Rising Population ·       Favorable Government Policies and Rising R&D Expenditure