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Road & Highway Construction in the US - Industry Market Research Report

Publisher IBISWorld
Published Apr 15, 2025
Length 43 Pages
SKU # IBSS20009492

Description

Road & Highway Construction in the US

Road and highway construction activity increased through the end of 2023, mainly due to strong investments in transportation infrastructure. Local and state governments have maintained healthy highway construction budgets, while federal programs, such as the Highway Trust Fund and the Infrastructure Investment and Jobs Act have bolstered industry performance. Road and highway construction revenue has expanded at a CAGR of 2.9% to $163.9 billion over the past five years, pushed up by a 1.6% increase in 2023 alone. Profit also increased as revenue growth outpaced labor costs.

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.

Table of Contents

43 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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