Heavy Engineering Construction in the US
The Heavy Engineering Construction industry's performance over the five years to 2017 was mixed, with revenue growing strongly early in the period, but falling in more recent years. Most projects in this industry are carried out by state and local governments independently or in conjunction with the federal government. Consequently, constrained state budgets have remained an overall drag on the industry's performance over the period. Over the five years to 2022, industry performance is expected to remain volatile, declining early in the period and then rising tepidly thereafter. Despite promises of a large infrastructure stimulus from Washington, the bulk of demand will continue to stem from local and state governments, which are still experiencing budget shortfalls from the Great Recession.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook