North America Geotechnical Construction Services Market

The North America geotechnical construction services market is expected to grow from US$ 546.92 million in 2021 to US$ 817.60 million by 2028; it is estimated to grow at a CAGR of 5.9% from 2021 to 2028.

Transport infrastructure plays a vital role in the development of any economy. It is essential for the streamlined production and distribution of goods and flourishment of the tourism and hospitality industries. Roadways, ports, airports, and railways are complex engineering projects that require geotechnical construction expertise. With the growing emphasis on economic development, governments of various countries are investing significantly in their transport infrastructure development. In June 2019, the Canadian government announced a project worth US$ 500 million for the reconstruction of the country’s longest highway tunnel. High government emphasis on the development and improvement of the transport infrastructure is paving the way for the North America geotechnical construction services market growth.      

In the case of COVID-19, North America is highly affected specially the US. COVID-19 has negatively impacted manufacturing businesses in the region in four critical areas – supply chain/operations, workforce, 2020 investments, and product offering. In the first nine months, overhead costs, including expenses for sales, research & development (R&D), and administration of various providers fell adversely, due to severe measures taken during the pandemic. North American providers of geotechnical construction services suffered a significant loss in the first half of 2020, owing to the high number of COVID-19 cases, specifically in the US. Thus, the constant demand for geotechnical construction services witnessed a slight decrease in 2020, owing to the lockdown imposed by the government and low number of construction projects. This has hindered the growth of the geotechnical construction services market last year, which is likely to continue slightly during 2021. The construction & infrastructure sector experienced a massive hit due to the COVID-19 pandemic. The lockdown has caused delays in construction projects, disrupting the supply chain and resulting in an enormous loss. Moreover, the scarcity of laborers has further retarded the expansion of the construction industry. For instance, Boston was the first city in the U.S. to shut down all but emergency construction work to curb the COVID-19 outbreak as virus-related deaths and infections surged. Moreover, suspended oil & gas, mining, and renewable projects have thwarted the geotechnical services market growth during coronavirus. For instance, in April 2020, Ørsted, the Denmark-based company, delayed five of its projects off the U.S. East Coast due to impacts of coronavirus pandemic.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America geotechnical construction services market. The North America geotechnical construction services market is expected to grow at a good CAGR during the forecast period. 

North America Geotechnical Construction Services Market

Revenue and Forecast to 2028 (US$ Million)

    

North America Geotechnical Construction Services Market Segmentation    

North America Geotechnical Construction Services Market – By Type

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

North America Geotechnical Construction Services Market – By

Service

• Marine site Characterization
• Site Assessment and Cleanup 
• Site Engineering and Design
• Environmental Planning and Management
• Others

North America Geotechnical Construction Services Market, by Country

• US
• Canada
• Mexico     

North America Geotechnical Construction Services Market - Companies Mentioned

• Arup
• EGS
• Fugro
• Geosyntec Consultants, Inc.
• HDR
• Kiewit Corporation
• Stantec Inc.
• Wagman, Inc.
• WSP

North America Geotechnical Construction Services Strategic Insights

Strategic insights for the North America Geotechnical Construction Services provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Geotechnical Construction Services Report Scope

North America Geotechnical Construction Services Regional Insights

The geographic scope of the North America Geotechnical Construction Services refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.