Bridge & Structure Painting Contractors
Projects undertaken by industry operators are mainly for public structures, making demand for industry services highly dependent on government funding. Following the economic downturn prior to the current period, many local and state governments experienced the weight of lower tax revenue and a mounting need for social programs, which resulted in tighter budgets. However, amid a largely improving economy over the five years to 2018, increased government funding for highways has been made possible by burgeoning state tax receipts tied to upward trends in per capita disposable income, consumer spending and population density. Over the five years to 2023, industry revenue is expected to continue its upward growth trajectory, albeit at a significantly slower rate. A forecast increase in the number of vehicle miles covered, continued population growth and backlogged projects are expected to support demand for industry services over the next five years.
This industry specializes in the application of paint, including corrosion-inhibiting protective coatings, on bridges, trestles, overpasses and other exterior steel constructions.
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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