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(EstateNewsWire.com, July 17, 2018 ) The other heavy and civil engineering construction include establishments involved in heavy and engineering construction projects. Construction projects involving development of marine facilities, water facilities, and projects involving open space improvement are included in this industry.
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The global other heavy and civil engineering construction market was valued at $6.7 billion in 2017. This high growth was mainly due to the increased demand for new buildings, roads, utilities, bridges and other infrastructure, owing to rapid urbanization in Asian countries, surging economy in emerging markets, rising per capita income, declining interest rates and increasing investments in infrastructure and development of new cities in emerging markets.
Among regional markets, Asia Pacific was the largest geographic region in terms of the market share in the global market.
The market in the report is segmented into: marine and ports construction, rail road construction, sea wall construction, trenching & underground contractors and dredging.
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Asia Pacific was the largest country accounting for more than one-third of the global other heavy and civil engineering construction market. This was mainly due to the presence of a large number of construction companies catering to a large customer base in the country. Daxing International, a new $12 billion airport south-west of Beijing, is the biggest construction project in China. China was followed by India and Japan.
The top five competitors in the market are: China Railway Group Ltd, China Railway Construction Corporation Limited, China Communications Construction Croup ltd, Bechtel Corporation, and Power Construction Corp Of China.
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