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Industry Landscape

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.

Industries:
GeotechnicalConstruction TestingInfrastructureCivil EngineeringMaterials Testing

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.

Total Addressable Market

Approximately $25 billion

Market Growth Stage

Low
Medium
High

Pace of Market Growth

Accelerating
Deaccelerating