Overview of the Market
During the projection period (2022- 2030), the global geotechnical engineering industry is expected to increase at a compound annual growth rate (CAGR) of 5.82%.

The market for geotechnical engineering is being driven by factors such as increasing urbanization and population growth, favorable government policies, expanding R&D spending, and technological developments in response to shifting construction needs.

The market for civil engineering is expected to grow as a result of the increased amount of construction activity occurring globally. As urbanization increases, the real estate sector is expected to grow substantially on a worldwide scale. According to the United Nations (UN), over 54% of the world’s population lives in urban areas, which boosts income levels and opens job options.

The growing demand for environmentally friendly buildings, along with encouraging government initiatives and an expanding urban population in major global metropolises, are all contributing to an optimistic outlook for the growth of the geotechnical engineering market. Due to the increased R&D investments made by key industry players in several technologies, such as smart grids, urban transportation, industrial automation, and parking systems, customers now have access to state-of-the-art systems and alternatives. Building infrastructure is becoming more and more necessary in North America and Europe, and it must be done in a way that is more economical, efficient, ecological, and intelligent.

Perspectives on Market Segments

  • The market is divided into three segments based on type: ground and foundation engineering, slope and excavation engineering, and underground city space engineering.
  • Municipal engineering, hydraulic engineering, bridge and tunnel engineering, mining engineering, building construction, and other fields are included in the Geotechnical Engineering Market Size Application segment.


Regional Perspectives
The United States, Canada, France, the United Kingdom, Poland, Germany, Hungary, the Czech Republic, Australia, New Zealand, Slovakia, Singapore, Chile, Mozambique, and Colombia make up the geotechnical engineering market by region. The USA regional sector continued to hold the biggest market share for geotechnical engineering. The government’s focus on building affordable housing across the country will support the residential construction industry’s expansion. Government and private sector investment in housing projects will also encourage forecast-period growth in the residential building industry, which will help ease the country’s current housing shortage.

Construction activity in the energy and utilities sector is expected to rise in 2022 because of the government’s emphasis on the development of oil and gas projects and energy infrastructure, especially renewable energy infrastructure.

The residential construction sector in Canada has grown steadily over the past two years despite the pandemic. This was aided by record low interest rates, the resulting ultra-cheap borrowing costs, and government stimulus programs tied to the pandemic. Therefore, the elements are probably going to help the geotechnical engineering industry in Canada expand.

Key Players
Among the leading companies in the industry are Turner Construction Company, Kiewit Corporation, Tetra Tech, Inc., HDR International, Jacobs Solutions Inc., Aecom, Bechtel Corporation, Fluor Corporation, KBR Inc., and PCL Constructors Inc.