Bridge & Elevated Highway Construction in the US
The Bridge and Elevated Highway Construction industry is characterized by a low level of market share concentration. The top four players in the industry, Kiewit Corporation, the Walsh Group Ltd., Skanska USA Inc. and American Bridge Company Inc., combine to hold only a small grasp on the market. The industry comprises many small- to medium-scale operators that service relatively narrow geographically dispersed markets.
Localization and contract competition hinder market growth
• Smaller companies primarily operate in local markets where they can use their connections and knowledge to win small-scale projects. However, large-scale projects are usually contracted to bigger companies with a national or even international reputation for quality work and adequate capacity to complete such projects. Initial capital investments can be substantial in this industry, but subcontracting, renting or leasing equipment can mitigate these costs. Regulations can be high and any new operators would have to obtain some sort of license and certification to even be considered for a contract. Companies might have to also deal with unionized labor which has the potential to raise labor costs.
Price and reputation drive competition
• The Bridge and Elevated Highway Construction industry is characterized by a high level of competition on both a regional and national basis, and across all scales of operation. The bulk of industry activity is generated on public-sector bridge contracts and public-sector transport authorities generally commit to tendering public-sector contracts on the basis of price. Contractors bid on projects based on cost estimates, with the lowest and most accurate bids normally winning, thus, providing a significant basis of competition for this industry. Agencies also strongly consider experience, reputation, timeliness and past working relationships.
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.
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