SURFACE MINING
Geotechnical Engineering Market is Expected to Show 6.5% CAGR by 2027 Key companies profiled include Bechtel Corporation (US), Fluor Corporation (US), KBR Inc. (US), Jacobs Engineering Group (US), AECOM (US), CB&I (US), CH2M HILL (US), The Turner Corp (US), AMEC (UK), Kiewit Corp (US), and Black & Veatch (US)., among others. The Effects of COVID-19 on the Global Geotechnical Engineering Market The implementation of a variety of laws by governments worldwide to deal with the COVID-19 epidemic, such as the complete shutdown of industrial facilities, has been proven to impact the worldwide geotechnical engineering market's development. SEGMENTATION OF THE MARKET
The global geotechnical engineering market has been categorized into type and application. The geotechnical engineering market has been divided into two categories: type and application.
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ue to increased per capita disposable income and technological advancements in geotechnical engineering projects in the engineering construction industry, the worldwide geotechnical engineering market will likely overgrow in the following years. The geotechnical engineering sector is predicted to grow in the following years due to increased demand for residential and infrastructure in rising countries such as China, India, and other South Asian countries. A higher emphasis on innovation in construction materials is one of the 22 | SKILLINGS MINING REVIEW July 2021
improvements in the construction sector that is projected to boost demand for geotechnical engineering designs over the projected period. However, a scarcity of skilled personnel could be a significant constraint for the worldwide geotechnical engineering market over the projection period. By the end of 2024, significant government infrastructure investments are likely to fuel demand for geotechnical engineering. The remarkable rise of the real estate sector in Asia Pacific developing countries like India and China is predicted to drive the geotechnical engineering industry forward.
The global geotechnical engineering market has been divided into three categories based on type: underground city space engineering, slope and excavation engineering, and ground and foundation engineering. In 2018, the underground city space engineering category had the biggest market share, which is predicted to continue through 2024. This most significant market share is due to an increase in tunnel and underground building projects and technological improvements in the building material and equipment industry, all of which contributed to the overall geotechni-
