North America Geotechnical Construction Services Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Underground City Space, Slope and Excavation, and Ground and Foundation) and Service (Marine Site Characterization, Site Assessment and Cleanup, Site Engineering and Design, Environmental Planning and Management, and Others)
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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Geotechnical Construction Services Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Geotechnical Construction Services Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Transport Infrastructure Projects
5.1.2 Accentuating Mining Industry
5.2 Key Market Restraints
5.2.1 Economic and Political Instability
5.3 Key Market Opportunities
5.3.1 Escalating Deployment of Offshore Wind Farms
5.4 Future Trends
5.4.1 Surging Use of Renewable Technologies for Cleaner and Greener Environment
5.5 Impact Analysis of Drivers and Restraints
6. Geotechnical Construction Services Market – North America Analysis
6.1 North America Geotechnical Construction Services Market Overview
6.2 North America Geotechnical Construction Services Market Revenue and Forecast to 2028 (US$ Million)
7. North America Geotechnical Construction Services Market Analysis – By Type
7.1 Overview
7.2 North America Geotechnical Construction Services Market, By Type (2020 and 2028)
7.3 Underground City Space
7.3.1 Overview
7.3.2 Underground City Space: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Slope and Excavation
7.4.1 Overview
7.4.2 Slope and Excavation: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Ground and Foundation
7.5.1 Overview
7.5.2 Ground and Foundation: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Geotechnical Construction Services Market Analysis – By Service
8.1 Overview
8.2 North America Geotechnical Construction Services Market, By Service (2020 and 2028)
8.3 Marine site Characterization
8.3.1 Overview
8.3.2 Marine site Characterization: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Site Assessment and Cleanup
8.4.1 Overview
8.4.2 Site Assessment and Cleanup: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Site Engineering and Design
8.5.1 Overview
8.5.2 Site Engineering and Design: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Environmental Planning and Management
8.6.1 Overview
8.6.2 Environmental Planning and Management: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Geotechnical Construction Services Market – Country Analysis
9.1 Overview
9.1.1 North America: Geotechnical Construction Services Market, by Key Country
9.1.1.1 US: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Geotechnical Construction Services Market, by Type
9.1.1.1.2 US: Geotechnical Construction Services Market, By Service
9.1.1.2 Canada: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Geotechnical Construction Services Market, by Type
9.1.1.2.2 Canada: Geotechnical Construction Services Market, By Service
9.1.1.3 Mexico: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Geotechnical Construction Services Market, by Type
9.1.1.3.2 Mexico: Geotechnical Construction Services Market, By Service
10. North America Geotechnical Construction Services Market - COVID-19 Impact Analysis
10.1 North America
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Arup
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 EGS
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Fugro
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Geosyntec Consultants, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 HDR
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Kiewit Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Stantec Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Wagman, Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 WSP
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. US: Geotechnical Construction Services Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Geotechnical Construction Services Market, By Service –Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada: Geotechnical Construction Services Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Geotechnical Construction Services Market, By Service – Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico: Geotechnical Construction Services Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico: Geotechnical Construction Services Market, By Service – Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Geotechnical Construction Services Market Segmentation
Figure 2. North America Geotechnical Construction Services Market Segmentation – By Country
Figure 3. North America Geotechnical Construction Services Market Overview
Figure 4. Underground City Space Segment held the largest share in 2020
Figure 5. The US held the largest share in 2020
Figure 6. North America: PEST Analysis
Figure 7. North America Geotechnical Construction Services Market – Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Impact Analysis of Drivers and Restraints
Figure 10. North America Geotechnical Construction Services Market Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America Geotechnical Construction Services Market Revenue Share, by Type (2020 and 2028)
Figure 12. North America Underground City Space: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Slope and Excavation: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Ground and Foundation: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Geotechnical Construction Services Market Revenue Share, By Service (2020 and 2028)
Figure 16. North America Marine Site Characterization: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Site Assessment and Cleanup: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Site Engineering and Design: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Environmental Planning and Management: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Others: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America: Geotechnical Construction Services Market Overview, By Country - 2020 (US$ Mn)
Figure 22. North America: Geotechnical Construction Services Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. US: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Canada: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Mexico: Geotechnical Construction Services Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in North American Country Markets
- Arup
- EGS
- Fugro
- Geosyntec Consultants, Inc.
- HDR
- Kiewit Corporation
- Stantec Inc.
- Wagman, Inc.
- WSP
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America geotechnical construction services market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America geotechnical construction services market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the geotechnical construction services market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution