USA and Canada Geotechnical Services Market Introduction and Overview
According to SPER Market Research, the Canada Geotechnical Services Market is estimated to reach USD 0.36 billion by 2033 with a CAGR of 5.73%.
The report includes an in-depth analysis of the USA and Canada Geotechnical Services Market, including market size and trends, product mix, Applications, and supplier analysis. Understanding the properties of the earth and its components beneath the surface is a key component of geotechnical engineering, a subfield of civil engineering. In addition to buildings and other onshore and offshore constructions, these services are used when planning infrastructure, such as highways, bridges, dams, and tunnels. In order to provide these services, surveys, numerical computations, settlement and deformation analysis, slope and cliff stability analysis, and load-bearing capacity assessment are all required. One key element propelling the market's expansion is the rapid global expansion of the building and infrastructure sectors.
- In October 2020: WSP employed top-notch specialists to expand Canadian tunnels' operations. This development will assist WSP in expanding its tunnel practise and providing prompt, creative, and economical solutions. In addition to working closely with cutting-edge technologies, such as BIM, VDC, and ground/structure interactions, it places a strong emphasis on local needs and ground conditions.
- In April 2020: Keller Group Plc conducted research to produce geotechnical energy that is more sustainable. Keller Group plc worked with the Centre for Environment and Sustainability at the University of Surrey. The goal of this research project is to discover and implement best practises in geotechnical enterprises and to include sustainable development as a framework.
Market Opportunities and Challenges
USA and Canada are experiencing a growing awareness of environmental issues, prompting increased governmental and public focus on environmental protection. This has led to stricter environmental regulations and a shift towards renewable energy sources to combat air pollution caused by fossil fuels. The country is witnessing a surge in investments in renewable energy, particularly in wind and solar installations. Canada stands out globally in the production and consumption of renewable energy, with a notable emphasis on offshore wind energy. This expansion in wind energy installations has heightened the demand for geotechnical surveys, essential for assessing the physical suitability of locations for wind farms. The burgeoning capacity of renewable sources and escalating investments are expected to drive substantial growth in the USA and Canadian Geotechnical Services Market.
However, the price of geotechnical equipment varies greatly depending on a number of criteria and rises as the equipment's range, accuracy, precision, resolution, and repeatability increase. The usage of sophisticated software, sophisticated data collecting systems, and sophisticated sensors all result in higher costs. Furthermore, because of recent technological advancements, geotechnical instrumentation and monitoring systems and the services that go along with them require the use of a variety of gear and software; the cost of these items is mostly determined by the complexity of the structures involved. Therefore, the market is limited in the number of geotechnical investigation service providers by the high cost of geotechnical services.
Market Competitive Landscape
The fact that there are so many companies in this industry has caused fragmentation. The market's leading companies are using a variety of tactics to strengthen their positions. One of the favoured tactics by businesses is concentrating on new geotechnical service contracts. The industry's leading companies are always trying to put together winning plans, like joint ventures, mergers and acquisitions, rising new product releases, etc. The goal of these brand fusions is to increase financial profits and market share for their respective brands. The major players in the USA and Canada Geotechnical Services Market include: AECOM, Canadian Engineering Services, Canadian Geo Parkland, Fugro, Keller Group Plc, SGS, Stantec, TERRAPEX, Tetra Tech, WSP, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By End-User
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| Regions covered | USA and Canada
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| Companies Covered | AECOM, Canadian Engineering Services, Canadian Geo Parkland, Fugro, Keller Group Plc, SGS, Stantec, TERRAPEX, Tetra Tech, WSP, Others
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COVID-19 Impact on USA and Canada Geotechnical Services Market
Over 150 countries have been impacted by the pandemic, which has had an exponential negative impact on the economy. One of the most severely impacted industries is the building and infrastructure sector because of various limitations brought about by lockdowns and interruptions in the existing supply chains. A number of disparities in raw material prices would make it more difficult to start and finish forthcoming projects. A trained worker shortage will also cause countless problems with project completion. Due to the virus, a number of mining, oil and gas, and renewable energy projects were also put on hold. The losses brought on by the virus will be explained by these reasons.
Key Target Audience:
- Civil Engineering Firms
- Construction Companies
- Environmental Consultants
- Geotechnical and Geological Consultants
- Infrastructure Owners
- Land Developers
- Mining and Resource Companies
- Real Estate Developers
- Transportation Authorities
- Others
Our in-depth analysis of the USA and Canada Geotechnical Services Market includes the following segments:
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By Type:
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Ground and Foundation
Slope and Excavation
Underground City Space
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By End-User:
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Bridge and Tunnel
Building Construction
Marine
Mining
Municipal
Oil & Gas
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Key Topics Covered in the Report:
- USA and Canada Geotechnical Services Market Size (FY’2023-FY’2033)
- Overview of USA and Canada Geotechnical Services Market
- Segmentation of USA and Canada Geotechnical Services Market By Type (Ground and Foundation, Slope and Excavation, Underground City Space)
- Segmentation of USA and Canada Geotechnical Services Market By End-User (Bridge and Tunnel, Building Construction, Marine, Mining, Municipal, Oil & Gas, Others)
- Statistical Snap of USA and Canada Geotechnical Services Market
- Expansion Analysis of USA and Canada Geotechnical Services Market
- Problems and Obstacles in USA and Canada Geotechnical Services Market
- Competitive Landscape in the USA and Canada Geotechnical Services Market
- Impact of COVID-19 and Demonetization on USA and Canada Geotechnical Services Market
- Details on Current Investment in USA and Canada Geotechnical Services Market
- Competitive Analysis of USA and Canada Geotechnical Services Market
- Prominent Players in the USA and Canada Geotechnical Services Market
- SWOT Analysis of USA and Canada Geotechnical Services Market
- USA and Canada Geotechnical Services Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data Source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the USA and Canada Geotechnical Services Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. USA and Canada Geotechnical Services Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in USA and Canada Geotechnical Services Market
7. USA and Canada Geotechnical Services Market, By Type (USD Million)
7.1. USA and Canada Geotechnical Services Market Value Share and Forecast, By Type, 2023-2033
7.2. Ground and Foundation
7.3. Slope and Excavation
7.4. Underground City Space
8. USA and Canada Geotechnical Services Market, By End-User (USD Million)
8.1. USA and Canada Geotechnical Services Market Value Share and Forecast, By End-User, 2023-2033
8.2. Bridge and Tunnel
8.3. Building Construction
8.4. Marine
8.5. Mining
8.6. Municipal
8.7. Oil & Gas
8.8. Others
9. USA and Canada Geotechnical Services Market Forecast, 2019-2033 (USD Million)
9.1. USA and Canada Geotechnical Services Market Size and Market Share
10. USA and Canada Geotechnical Services Market, By Type, 2019-2033 (USD Million)
10.1. USA and Canada Geotechnical Services Market Size and Market Share By Type (2019-2026)
10.2. USA and Canada Geotechnical Services Market Size and Market Share By Type (2027-2033)
11. USA and Canada Geotechnical Services Market, By End-User, 2019-2033 (USD Million)
11.1. USA and Canada Geotechnical Services Market Size and Market Share By End-User (2019-2026)
11.2. USA and Canada Geotechnical Services Market Size and Market Share By End-User (2027-2033)
12. USA and Canada Geotechnical Services Market, By Region, 2019-2033 (USD Million)
12.1. USA and Canada Geotechnical Services Market Size and Market Share By Region (2019-2026)
12.2. USA and Canada Geotechnical Services Market Size and Market Share By Region (2027-2033)
12.3. Canada
12.4. USA
13. Company Profile
13.1. AECOM
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Canadian Engineering Services
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Canadian Geo Parkland
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Fugro
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Keller Group Plc
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. SGS
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Stantec
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. TERRAPEX
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Tetra Tech
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. WSP
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
