Canada Geotechnical Services MarketCanada Geotechnical Services Market 2024 Trends and Forecasts 2032: Analyzing Growth Opportunities
Canada Geotechnical Services Market by Type (Underground City Space, Slope, Excavation, Ground, Foundation), by End-User (Municipal, Bridge, Tunnel, Oil & Gas, Mining, Marine, Building Construction, Others), by Forecast 2024-2032
Base Year: 2023
100 Pages
Canada Geotechnical Services Market 2024 Trends and Forecasts 2032: Analyzing Growth Opportunities
Key Insights
The Canada Geotechnical Services Market size was valued at USD 235.37 USD Million in 2023 and is projected to reach USD 329.21 USD Million by 2032, exhibiting a CAGR of 4.91 % during the forecast period. Geotechnical services are the services which deals with the mechanics of soil and rock foundation engineering and earth retaining structures. These services are important as far as stability and safety of buildings, bridges, tunnels and dams are concerned. Examples of geotechnical engineering services are soil testing, site investigation, foundation design, and slope stability. This includes avoiding structural failures, minimizing construction costs, and meeting safety specifications, among other benefits. The recent trends in Canada with respect to infrastructure development are towards sustainable and resilient infrastructure with further development of sophisticated techniques such as geosynthetics and remote sensing and so on. Increased data processing and simulation are also making geotechnical engineering more accurate and cost-effective.
Canada Geotechnical Services Trends
- Growing infrastructure development
- Increasing demand for specialized geotechnical services
- Adoption of advanced technologies
Driving Forces: What's Propelling the Canada Geotechnical Services Market
- Infrastructure development: Increased government spending on transportation, energy, and water infrastructure projects.
- Aging infrastructure: The need to replace and rehabilitate aging infrastructure, such as bridges and tunnels.
- Climate change: The impact of climate change on soil conditions and infrastructure stability.
Challenges and Restraints in Canada Geotechnical Services Market
- Availability of skilled labor: Lack of qualified geotechnical engineers and technicians.
- Competition from international firms: Entry of global players into the Canadian market.
- Fluctuating commodity prices: Impact on oil and gas projects that are major consumers of geotechnical services.
Emerging Trends in Canada Geotechnical Services
- Digitalization: Use of drones, sensors, and other digital technologies for data collection and analysis.
- Sustainability: Focus on environmentally friendly geotechnical solutions.
- Value engineering: Emphasis on cost optimization and efficient use of resources.
Growth Catalysts in Canada Geotechnical Services Industry
- Government initiatives: The government's focus on infrastructure development, including roads, bridges, and energy projects, drives demand for geotechnical services.
- Private sector investments: Companies in the transportation and energy sectors invest heavily in infrastructure projects, such as pipelines, wind farms, and industrial facilities, which require geotechnical support.
- Collaboration and innovation: Partnerships between universities and industry foster research and development, leading to advancements in geotechnical techniques and technologies.
- Population growth and urbanization: The increasing population and urbanization in Canada create a need for new buildings, transportation infrastructure, and utilities, further boosting the demand for geotechnical services.
- Environmental awareness: Concerns about environmental safety and sustainability have increased the significance of geotechnical studies to assess soil and groundwater conditions, ensuring projects minimize environmental impact.
Market Segmentation: Canada Geotechnical Services Analysis
Type:
- Underground City Space
- Slope and Excavation
- Ground and Foundation
- End-User:
- Municipal
- Bridge and Tunnel
- Oil & Gas
- Mining
- Marine
- Building Construction
- Others
Leading Players in the Canada Geotechnical Services Market
- Keller Group plc (U.K.)
- Fugro (Netherlands)
- WSP (Canada)
- AECOM (U.S.)
- Stantec (Canada)
- Tetra Tech (U.S.)
- SGS (Canada)
- Canadian Geo (Canada)
- Terrapex (Canada)
- Canada Engineering Services Inc. (Canada)
Significant developments in Canada Geotechnical Services Sector
- November 2022: Marine Renewables Canada and Canada's Ocean Supercluster partnered to support marine renewable energy development.
- May 2022: Keller Group acquired GKM Consultants Inc., a geo-structural measurements and monitoring business in Quebec.
- July 2021: Keller Group acquired RECON Services, a geotechnical and industrial services company headquartered in Texas, U.S.
- April 2021: Fugro was awarded a deepwater site survey contract for Equinor in eastern Canada.
Comprehensive Coverage Canada Geotechnical Services Market Report
- Regional Insight: Analysis of geotechnical services market across different regions of Canada.
- Technology Analysis: Review of advancements in geotechnical technologies and their impact on the market.
- Pestle Analysis: Political, economic, social, technological, legal, and environmental factors affecting the market.
- Portor's Five Force Analysis: Analysis of industry competition, entry barriers, and supplier power.
- BCG Matrix: Assessment of leading players' market position and growth potential.
- Import & Export Analysis: Examination of the trade dynamics of geotechnical services in Canada.
- Production & Consumption: Analysis of geotechnical services production, consumption, and supply chain.
- Regulatory Landscape: Overview of regulations governing the geotechnical services industry in Canada.
Canada Geotechnical Services Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 4.91% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increased Infrastructure Development to Drive the Market Growth
- 3.3. Market Restrains
- 3.3.1. High Cost of Offshore Geotechnical Services May Hinder the Market Growth
- 3.4. Market Trends
- 3.4.1. Shift Toward Renewable Energy is one of the Key Trends in the Market
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Canada Geotechnical Services Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Underground City Space
- 5.1.2. Slope
- 5.1.3. Excavation
- 5.1.4. Ground
- 5.1.5. Foundation
- 5.2. Market Analysis, Insights and Forecast - by End-User
- 5.2.1. Municipal
- 5.2.2. Bridge
- 5.2.3. Tunnel
- 5.2.4. Oil & Gas
- 5.2.5. Mining
- 5.2.6. Marine
- 5.2.7. Building Construction
- 5.2.8. Others
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1.
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. Eastern Canada Canada Geotechnical Services Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Type
- 6.1.1 Underground City Space
- 6.1.2 Slope and Excavation
- 6.1.3 Ground and Foundation
- 6.2. Market Analysis, Insights and Forecast - By End-User
- 6.2.1 Municipal
- 6.2.2 Bridge and Tunnel
- 6.2.3 Oil & Gas
- 6.2.4 Mining
- 6.2.5 Marine
- 6.2.6 Building Construction
- 6.2.7 Others
- 7. Western Canada Canada Geotechnical Services Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Type
- 7.1.1 Underground City Space
- 7.1.2 Slope and Excavation
- 7.1.3 Ground and Foundation
- 7.2. Market Analysis, Insights and Forecast - By End-User
- 7.2.1 Municipal
- 7.2.2 Bridge and Tunnel
- 7.2.3 Oil & Gas
- 7.2.4 Mining
- 7.2.5 Marine
- 7.2.6 Building Construction
- 7.2.7 Others
- 8. Central Canada Canada Geotechnical Services Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Type
- 8.1.1 Underground City Space
- 8.1.2 Slope and Excavation
- 8.1.3 Ground and Foundation
- 8.2. Market Analysis, Insights and Forecast - By End-User
- 8.2.1 Municipal
- 8.2.2 Bridge and Tunnel
- 8.2.3 Oil & Gas
- 8.2.4 Mining
- 8.2.5 Marine
- 8.2.6 Building Construction
- 8.2.7 Others
- 9. Competitive Analysis
- 9.1. Market Share Analysis 2023
- 9.2. Company Profiles
- 9.2.1 Keller Group plc (U.K.)
- 9.2.1.1. Overview
- 9.2.1.2. Products
- 9.2.1.3. SWOT Analysis
- 9.2.1.4. Recent Developments
- 9.2.1.5. Financials (Based on Availability)
- 9.2.2 Fugro (Netherlands)
- 9.2.2.1. Overview
- 9.2.2.2. Products
- 9.2.2.3. SWOT Analysis
- 9.2.2.4. Recent Developments
- 9.2.2.5. Financials (Based on Availability)
- 9.2.3 WSP (Canada)
- 9.2.3.1. Overview
- 9.2.3.2. Products
- 9.2.3.3. SWOT Analysis
- 9.2.3.4. Recent Developments
- 9.2.3.5. Financials (Based on Availability)
- 9.2.4 AECOM (U.S.)
- 9.2.4.1. Overview
- 9.2.4.2. Products
- 9.2.4.3. SWOT Analysis
- 9.2.4.4. Recent Developments
- 9.2.4.5. Financials (Based on Availability)
- 9.2.5 Stantec (Canada)
- 9.2.5.1. Overview
- 9.2.5.2. Products
- 9.2.5.3. SWOT Analysis
- 9.2.5.4. Recent Developments
- 9.2.5.5. Financials (Based on Availability)
- 9.2.6 Tetra Tech (U.S.)
- 9.2.6.1. Overview
- 9.2.6.2. Products
- 9.2.6.3. SWOT Analysis
- 9.2.6.4. Recent Developments
- 9.2.6.5. Financials (Based on Availability)
- 9.2.7 SGS (Canada)
- 9.2.7.1. Overview
- 9.2.7.2. Products
- 9.2.7.3. SWOT Analysis
- 9.2.7.4. Recent Developments
- 9.2.7.5. Financials (Based on Availability)
- 9.2.8 Canadian Geo (Canada)
- 9.2.8.1. Overview
- 9.2.8.2. Products
- 9.2.8.3. SWOT Analysis
- 9.2.8.4. Recent Developments
- 9.2.8.5. Financials (Based on Availability)
- 9.2.9 Terrapex (Canada)
- 9.2.9.1. Overview
- 9.2.9.2. Products
- 9.2.9.3. SWOT Analysis
- 9.2.9.4. Recent Developments
- 9.2.9.5. Financials (Based on Availability)
- 9.2.10 Canada Engineering Services Inc. (Canada)
- 9.2.10.1. Overview
- 9.2.10.2. Products
- 9.2.10.3. SWOT Analysis
- 9.2.10.4. Recent Developments
- 9.2.10.5. Financials (Based on Availability)
- 9.2.1 Keller Group plc (U.K.)
List of Figures
- Figure 1: Canada Geotechnical Services Market Revenue Breakdown (USD Million, %) by Product 2023 & 2031
- Figure 2: Canada Geotechnical Services Market Value Share (%), by Type 2023 & 2031
- Figure 3: Canada Geotechnical Services Market Value Share (%), by End-User 2023 & 2031
- Figure 4: Canada Geotechnical Services Market Share (%) by Company 2023
List of Tables
- Table 1: Canada Geotechnical Services Market Revenue USD Million Forecast, by Type 2018 & 2031
- Table 2: Canada Geotechnical Services Market Revenue USD Million Forecast, by End-User 2018 & 2031
- Table 3: Canada Geotechnical Services Market Revenue USD Million Forecast, by Region 2018 & 2031
- Table 4: Canada Geotechnical Services Market Revenue USD Million Forecast, by Type 2018 & 2031
- Table 5: Canada Geotechnical Services Market Revenue USD Million Forecast, by End-User 2018 & 2031
- Table 6: Canada Geotechnical Services Market Revenue USD Million Forecast, by Region 2018 & 2031
- Table 7: Canada Geotechnical Services Market Revenue USD Million Forecast, by Type 2018 & 2031
- Table 8: Canada Geotechnical Services Market Revenue USD Million Forecast, by End-User 2018 & 2031
- Table 9: Canada Geotechnical Services Market Revenue USD Million Forecast, by Country 2018 & 2031
- Table 10: Eastern Canada Canada Geotechnical Services Market Revenue (USD Million) Forecast, by Application 2018 & 2031
- Table 11: Western Canada Canada Geotechnical Services Market Revenue (USD Million) Forecast, by Application 2018 & 2031
- Table 12: Central Canada Canada Geotechnical Services Market Revenue (USD Million) Forecast, by Application 2018 & 2031
- Table 13: Canada Geotechnical Services Market Revenue USD Million Forecast, by Type 2018 & 2031
- Table 14: Canada Geotechnical Services Market Revenue USD Million Forecast, by End-User 2018 & 2031
- Table 15: Canada Geotechnical Services Market Revenue USD Million Forecast, by Country 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 4.91% from 2018-2032 |
| Segmentation |
|
STEP 1 - Identification of Relevant Samples Size from Population Database
STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.
Note* : In applicable scenarios
STEP 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
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- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
STEP 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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