Road & Highway Construction in the US
The Road and Highway Construction industry experienced a host of issues in the five years to 2016, including budgetary constraints and weak investments in transport infrastructure early in the period. However, over the five years to 2016, industry revenue is expected to increase. Over the five years to 2021, industry revenue is expected to continue to increase as the need to rebuild, expand and repair existing road infrastructure, coupled with rising congestion caused by urban sprawl, will push authorities to invest in industry projects.
Companies in this industry construct new highways, streets, roads and airport runways (excluding elevated roadways). The industry also includes highway and street construction management operators and special-trade contractors that perform subcontracting work on projects (e.g. grading, laying pavement, installing guardrails and public sidewalks). Establishments may subcontract some or all of the actual construction work.
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.