Road & Highway Construction in the US
The Road and Highway Construction industry experienced a host of issues over the five years to 2019, 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, such as the Highway Trust Fund, have remained precarious. Overall, industry revenue has returned to growth in a largely consistent upward trend. Industry revenue growth has been facilitated by rising state and local spending as well as increases in federal funding for highways, even as federal funding for transportation remains depressed. Over the five years to 2024, industry revenue is expected to increase.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook