Geotechnical Services Market Size, Share, and Analysis, By Type (Underground City Space, Ground & Foundation, and Slope & Excavation), By Application (Building Construction, Oil & Gas, Municipal, Marine, Mining, and Others), By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
Geotechnical Services Market Size, Share, and Analysis, By Type (Underground City Space, Ground & Foundation, and Slope & Excavation), By Application (Building Construction, Oil & Gas, Municipal, Marine, Mining, and Others), By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Geotechnical Services Market is anticipated t%li%grow at a CAGR of 6.6 % in the forecast period (2024-2034), with the market size valued at USD 2.3 billion in 2023 and projected t%li%reach USD 4.6 billion by 2034.
Geotechnical Services refers t%li%the application of various engineering principles t%li%study and evaluate the properties of the soil and rocks that are present on the earth’s surface, before the developments of any infrastructure or exploration projects. These services commonly include collecting soil samples, along with their laboratory testing and providing consultancy, t%li%assist in the development of structures such as roads, dams, building, bridges and others. Additionally, geotechnical services can be used in both onshore and offshore operations, due t%li%which it has become an integral part of industries including oil and gas, marine, municipal, mining and others. Furthermore, geotechnical services can include environmental evaluations, mitigation of natural disaster, and construction activity monitoring t%li%guarantee compliance with safety standards. Therefore, geotechnical services play an important role in reducing risks and guaranteeing the successful completion of infrastructure projects while protecting the environment and public welfare.
MARKET HIGHLIGHTS
Geotechnical Services Market is anticipated t%li%reach USD 4.6 billion, growing at a CAGR of 6.6% during the forecast period, owing t%li%global push for infrastructure development. The combination of advanced facilities such as underground city space engineering, ground & foundation engineering, and slope & excavation engineering, along with technologies such as AI, 3D models, and real-time models, has a major impact on the geotechnical market and its growth. Furthermore, government limitations on environmental protection and safety standards are further pushing the demand for geotechnical services across industries. However, the market faces major challenges, such as fluctuating raw material prices and a skilled labour scarcity in some regions. Despite these limitations, the geotechnical services market is expected t%li%grow due t%li%infrastructure development projects and growing awareness of the requirement of geotechnical considerations in building and engineering initiatives.
Geotechnical Services Market Segments:
Growth Drivers
Increasing Infrastructure Projects Contributes t%li%Market Growth and Expansion
Growing Awareness of Geotechnical Services t%li%Ensure Safety Will Drive Market Growth
Restraint
Environmental Concerns About Construction Activity Could Impede Market Expansion
Key Players
PRODUCT OVERVIEW
Geotechnical Services Market is anticipated t%li%grow at a CAGR of 6.6 % in the forecast period (2024-2034), with the market size valued at USD 2.3 billion in 2023 and projected t%li%reach USD 4.6 billion by 2034.
Geotechnical Services refers t%li%the application of various engineering principles t%li%study and evaluate the properties of the soil and rocks that are present on the earth’s surface, before the developments of any infrastructure or exploration projects. These services commonly include collecting soil samples, along with their laboratory testing and providing consultancy, t%li%assist in the development of structures such as roads, dams, building, bridges and others. Additionally, geotechnical services can be used in both onshore and offshore operations, due t%li%which it has become an integral part of industries including oil and gas, marine, municipal, mining and others. Furthermore, geotechnical services can include environmental evaluations, mitigation of natural disaster, and construction activity monitoring t%li%guarantee compliance with safety standards. Therefore, geotechnical services play an important role in reducing risks and guaranteeing the successful completion of infrastructure projects while protecting the environment and public welfare.
MARKET HIGHLIGHTS
Geotechnical Services Market is anticipated t%li%reach USD 4.6 billion, growing at a CAGR of 6.6% during the forecast period, owing t%li%global push for infrastructure development. The combination of advanced facilities such as underground city space engineering, ground & foundation engineering, and slope & excavation engineering, along with technologies such as AI, 3D models, and real-time models, has a major impact on the geotechnical market and its growth. Furthermore, government limitations on environmental protection and safety standards are further pushing the demand for geotechnical services across industries. However, the market faces major challenges, such as fluctuating raw material prices and a skilled labour scarcity in some regions. Despite these limitations, the geotechnical services market is expected t%li%grow due t%li%infrastructure development projects and growing awareness of the requirement of geotechnical considerations in building and engineering initiatives.
Geotechnical Services Market Segments:
- By Type
- Underground City Space Engineering
- Ground and Foundation Engineering
- Slope and Excavation Engineering
- By Application
- Building Construction
- Oil and Gas
- Municipal
- Marine
- Mining
- Others
Growth Drivers
Increasing Infrastructure Projects Contributes t%li%Market Growth and Expansion
Growing Awareness of Geotechnical Services t%li%Ensure Safety Will Drive Market Growth
Restraint
Environmental Concerns About Construction Activity Could Impede Market Expansion
Key Players
- Fugro
- AECOM
- Kiewit Corporation
- Tetra Tech, Inc.
- Geosyntec Consultants
- Intertek Group plc
- AMEC Foster Wheeler
- ERM Group
- GEO-Instruments
- Stantec
- Keller Group plc
- Geotec Spa
- SoilVision Systems Ltd.
- BGC Engineering Inc.
- Ramboll Group
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2.Business Trends
1.3. Geotechnical Service Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Geotechnical Service Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.GEOTECHNICAL SERVICE MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.GEOTECHNICAL SERVICE MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. GEOTECHNICAL SERVICE MARKET SIZE & FORECAST 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Type
11.3.1.1.Underground City Space
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2. Ground and Foundation
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Slope and Excavation
11.3.1.3.1. By Value (USD Million) 2024-2034F
11.3.1.3.2.Market Share (%) 2024-2034F
11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Application
11.3.2.1.Building Construction
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2.Oil and Gas
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Municipal
11.3.2.3.1.By Value (USD Million) 2024-2034F
11.3.2.3.2. Market Share (%) 2024-2034F
11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Marine
11.3.2.4.1.By Value (USD Million) 2024-2034F
11.3.2.4.2. Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.5. Mining
11.3.2.5.1.By Value (USD Million) 2024-2034F
11.3.2.5.2. Market Share (%) 2024-2034F
11.3.2.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.6. Others
11.3.2.6.1.By Value (USD Million) 2024-2034F
11.3.2.6.2. Market Share (%) 2024-2034F
11.3.2.6.3. Y-o-Y Growth (%) 2024-2034F
12.NORTH AMERICA GEOTECHNICAL SERVICE MARKET SIZE & FORECAST 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Type
12.3.2. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13.EUROPE GEOTECHNICAL SERVICE MARKET SIZE & FORECAST 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Type
13.3.2. By Application
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC GEOTECHNICAL SERVICE MARKET SIZE & FORECAST 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Type
14.3.2. By Application
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA GEOTECHNICAL SERVICE MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Type
15.3.2. By Application
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA GEOTECHNICAL SERVICE MARKET SIZE & FORECAST 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Type
16.3.2. By Application
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. Fugro
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. AECOM
18.3. Kiewit Corporation
18.4. Tetra Tech, Inc.
18.5. Geosyntec Consultants
18.6. Intertek Group plc
18.7. AMEC Foster Wheeler
18.8. ERM Group
18.9. GEO-Instruments
18.10.Stantec
18.11.Keller Group plc
18.12. Geotec Spa
18.13. SoilVision Systems Ltd.
18.14.BGC Engineering Inc.
18.15. Ramboll Group
18.16. Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
1.1. Regional Market Share
1.2.Business Trends
1.3. Geotechnical Service Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Geotechnical Service Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.GEOTECHNICAL SERVICE MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.GEOTECHNICAL SERVICE MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. GEOTECHNICAL SERVICE MARKET SIZE & FORECAST 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Type
11.3.1.1.Underground City Space
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2. Ground and Foundation
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Slope and Excavation
11.3.1.3.1. By Value (USD Million) 2024-2034F
11.3.1.3.2.Market Share (%) 2024-2034F
11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Application
11.3.2.1.Building Construction
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2.Oil and Gas
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Municipal
11.3.2.3.1.By Value (USD Million) 2024-2034F
11.3.2.3.2. Market Share (%) 2024-2034F
11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Marine
11.3.2.4.1.By Value (USD Million) 2024-2034F
11.3.2.4.2. Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.5. Mining
11.3.2.5.1.By Value (USD Million) 2024-2034F
11.3.2.5.2. Market Share (%) 2024-2034F
11.3.2.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.6. Others
11.3.2.6.1.By Value (USD Million) 2024-2034F
11.3.2.6.2. Market Share (%) 2024-2034F
11.3.2.6.3. Y-o-Y Growth (%) 2024-2034F
12.NORTH AMERICA GEOTECHNICAL SERVICE MARKET SIZE & FORECAST 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Type
12.3.2. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13.EUROPE GEOTECHNICAL SERVICE MARKET SIZE & FORECAST 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Type
13.3.2. By Application
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC GEOTECHNICAL SERVICE MARKET SIZE & FORECAST 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Type
14.3.2. By Application
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA GEOTECHNICAL SERVICE MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Type
15.3.2. By Application
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA GEOTECHNICAL SERVICE MARKET SIZE & FORECAST 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Type
16.3.2. By Application
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. Fugro
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. AECOM
18.3. Kiewit Corporation
18.4. Tetra Tech, Inc.
18.5. Geosyntec Consultants
18.6. Intertek Group plc
18.7. AMEC Foster Wheeler
18.8. ERM Group
18.9. GEO-Instruments
18.10.Stantec
18.11.Keller Group plc
18.12. Geotec Spa
18.13. SoilVision Systems Ltd.
18.14.BGC Engineering Inc.
18.15. Ramboll Group
18.16. Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
