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Tunnel Construction in the US - Industry Market Research Report

Publisher IBISWorld
Published Oct 12, 2024
Length 67 Pages
SKU # IBSS19340694

Description

Tunnel Construction in the US - Industry Market Research Report


Tunnel Construction in the US

Revenue for the Tunnel Construction industry has expanded largely as a result of surging state and local spending in conjunction with sharp inclines in federal funding for transportation in response to the pandemic. Increases in industry revenue have been driven by a near consistent influx in federal funding for transportation, including an explosion of investment in 2020 to support the industry during the pandemic. Typically, this industry performs well during recessions due to the fact that over 90.0% of funding for industry projects is derivative to either federal, state or local authorities and the industry was the benefit of a surge in spending. Industry revenue has climbed at a CAGR of 7.3% over the past five years to reach an estimated $3.0 billion in 2023, including growth of 3.9% in 2023 alone as profit reaches 9.1%.

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.

Table of Contents

67 Pages
TABLE OF CONTENTS

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

Pricing

Currency Rates
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