Statistics and Market Data about Heavy Construction
In this section, Statista presents the most relevant and up-to-date facts relating to the heavy and civil engineering construction industry.
This industry performs activities on heavy and civil engineering construction projects. Typically, these activities are not performed on buildings, but are rather inclined to focus on infrastructure-related projects. The sector can be broken down into the following segments: water and sewer, conservation and development, as well as power, communication and transportation infrastructure construction. More often than not, the implementation of heavy and civil engineering construction projects goes hand in hand with political decision-making, and government expenditure is an important driver of growth for the industry. As a result, the sector is in somewhat of a downturn caused by cuts in government spending in many countries. Over the next couple of years, public-private partnerships are projected to play an important role in the heavy and civil engineering construction industry, both in emerging and developed markets. Currently, being active in the Chinese market is the key to success for infrastructure construction companies.
Heavy and civil engineering construction projects are often designed, financed and supervised by general contractors. The world’s leading construction companies include Bechtel, Spain’s ACS Group, France’s Vinci, Germany’s Hochtief and China’s CRCC (China Railway Construction Corporation).