The Tunnel Construction industry undertakes new construction and maintenance services on transport and utility tunnels. Over the past five years, the winding down of federal stimulus programs and declines in federal funding for transportation have hampered industry revenue growth. Nevertheless, the industry is expected to resume growth over the next five years, in light of broad-based economic growth and a rebound in local government spending. As employment and consumption increases, municipalities and state governments will have a wider tax revenue base to undertake tunnel construction. Industry operators will, however, continue to contend with the threat of political gridlock, which may stall or suspend planned tunnel projects.
This industry constructs tunnels; the types of industry projects include new work, reconstruction and repairs. This industry does not include road and highway construction activity.
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.