Heavy Engineering Construction in the US
Over the past five years, the industry has fared well because of assistance from the federal government and recovering private investment. Government funding also supported initiatives in environmental restoration, hydropower and water treatment. Government spending has remained weak over the five-year period, despite a more favorable economic environment. Therefore, industry operators have been forced to increasingly rely on renewed private investment, which has been on the rise due to growing corporate profit across the United States. Over the next five years, the industry is expected to continue relying on the private sector, as the federal government pursues greater fiscal responsibility and attempts to restructure its infrastructure funding. Additionally, corporate profit is expected to consistently expand, translating into greater private investment and involvement in construction.
Operators in this industry are primarily engaged in heavy and engineering construction projects, with the exception of highway, street, bridge and airport construction. Work performed includes new work, reconstruction, rehabilitation and repairs. The industry also includes specialty trade contractors, if they are primarily active in activities related to engineering construction projects. Construction projects include waterworks, marine facilities development and open space improvement.
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.