Bridge & Elevated Highway Construction in the US
The Bridge and Elevated Highway Construction industry has stagnated in the aftermath of the recession. Since most funding for industry projects comes from local and state governments, regional spending cuts caused revenue to drastically decline during the economic downturn. However, temporary federal government stimulus spending helped bridge the gap created by the reduction of state and municipal funding. Nonetheless, failure to enact long-term funding for surface infrastructure at the federal level held the industry back throughout the five-year period to 2017. However, with the passage of long-term funding in December 2015, the industry is projected to grow over the next five years. Stable long-term funding, healthier government budgets, replacements and repairs of deficient structures and rising demand from a larger population will ultimately spur industry growth.
This industry comprises companies that primarily engage in the construction of bridges and elevated highways. These types of projects include new work, reconstruction and repairs. This industry does not include road and highway construction activity.
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.