When the recession caused the economy to plummet, intense pressure was put on government budgets, especially at the local and state levels. Consequently, these governments began to reduce their investment in infrastructure projects such as roads and highways, negatively affecting the industry. However, in the five years to 2019, the government's need to repair, replace and expand the nation's deficient infrastructure, coupled with urban sprawl, will generate demand for road and highway projects and subsequently support revenue.
Companies in this industry construct new highways, streets, roads and airport runways (excluding elevated roadways). The industry also includes highway and street construction management operators and special-trade contractors that perform subcontracting work on projects (e.g. grading, laying pavement, installing guardrails and public sidewalks). Establishments may subcontract some or all of the actual construction work.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.