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The geotechnical engineering and construction materials testing industry is currently experiencing robust growth, driven by increasing infrastructure development, regulatory compliance needs, and a focus on risk mitigation in construction projects. There is a strong demand for specialized expertise, especially in areas like large-scale public works and commercial developments. Sustainability and resilience are emerging trends, further shaping the industry's evolution.
Total Assets Under Management (AUM)
Construction Spending in United States
~$2.09 trillion (April 2024, annual rate)
(10.0% (April 2024 YoY) CAGR)
- Residential construction remains strong.
- Nonresidential construction shows consistent gains.
- Public works drive significant spending.
Approximately $25 billion