Road & Highway Construction in the US
The Road and Highway Construction industry experienced a host of issues over the five years to 2018, mainly budgetary constraints and weak investments in transport infrastructure. Local and state governments, which are the largest sources of industry-specific project funding, have maintained prudent budgets since the recession, while federal programs like the Highway Trust Fund have remained precarious. Although the recession is over, its effects have continued to weigh on local and state governments. Over the five years to 2023, industry revenue is expected to increase. However, industry growth is expected to decelerate due to continued deadfalls in local and state government investment; overall, the industry is moving towards normalization.
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 and installing guardrails and public sidewalks). Operators 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.
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