Geotechnical Construction Services Market Size, Trends and Growth Analysis by 2027

The global market for geotechnical construction services is projected to expand from US$ 2,112.5 million in 2021 to US$ 3,192.5 million by 2028, reflecting a compound annual growth rate (CAGR) of 6.1% during the period from 2021 to 2028.

Geotechnical services play a crucial role in assessing the suitability of locations for various construction projects. This field of civil engineering focuses on understanding the physical characteristics of earth materials, utilizing principles from soil and rock mechanics. The scope of geotechnical services includes activities such as drilling deep boreholes, gathering and analyzing soil samples, interpreting test results, and providing foundation recommendations. These services are essential for the design and execution of large-scale infrastructure projects, including skyscrapers, bridges, railways, tunnels, and various land and marine constructions. Besides the construction sector, industries such as oil and gas, as well as mining, also rely heavily on geotechnical construction services.

The geotechnical construction services market is categorized based on type, service, and geographical region. In terms of type, the market is divided into segments such as underground city space, slope and excavation, and ground and foundation. The underground city space segment is anticipated to dominate the market share during the forecast period, primarily due to the increasing demand for underground development, which is essential for the growth of megacities.

When considering services, the market is segmented into marine site characterization, site assessment and cleanup, site engineering and design, environmental planning and management, among others. Geographically, the market is divided into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). In 2020, the Asia Pacific region held a significant portion of the global market share.

The global economy faced severe challenges in 2020, and the repercussions are expected to linger. The COVID-19 pandemic has caused disruptions across key industries, including fast-moving consumer goods (FMCG), banking, financial services, and insurance (BFSI), electronics, information technology and telecommunications (IT and Telecom), retail, and hospitality. The pandemic has resulted in a notable decline in growth across these sectors, which may hinder the expansion of the geotechnical construction services market. Factory closures, travel restrictions, trade bans, and border lockdowns implemented to control the spread of the virus have adversely affected the operations of many businesses in retail, hospitality, and FMCG sectors worldwide.

The overall size of the geotechnical construction services market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. This approach also aids in developing an overview and forecast for the geotechnical construction services market across all segments. Furthermore, it provides insights and forecasts based on the segmentation across five key regions: North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Additionally, primary interviews were conducted with industry stakeholders and experts to validate the data and gain deeper analytical insights. Participants in this process included industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the geotechnical construction services market.

Key players in the global geotechnical construction services market include Arup, EGS, Fugro, Gardline Limited, Geosyntec Consultants, Inc., HDR, Kiewit Corporation, Stantec Inc., Wagman, Inc., and WSP. These companies are at the forefront of providing innovative solutions and services in the geotechnical construction sector.