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Road & Highway Construction in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Road & Highway Construction Market Research Report | NAICS 23731a | May 2015

Alternate route: Infrastructure repair and private-sector investment will reroute declining revenue

IBISWorld’s Road & Highway Construction market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$104bn
Annual Growth 10-15
-0.8%
Annual Growth 15-20
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Profit
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Employment
215,051
Businesses
13,789
Industry Analysis & Industry Trends

The Road and Highway Construction industry was caught in heavy traffic during the five years to 2015. Low investments from local and state governments have prevented the industry from returning to growth. Nevertheless, federal government stimulus spending and other forms of support bridged some of the funding gap left over by regional deficiencies. In the next five years, inustry revenue is expected to recover, as the need to rebuild, expand and repair existing road infrastructure, coupled with rising congestion caused by urban sprawl, will push authorities to invest in industry projects... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Road and Highway Construction industry is in the mature stage of its life cycle. Over the 10 years to 2020, industry value-added (IVA), a measure of the industry's contribution to the overall economy, is expected to increase at an annualized 0.6%, compared with annualized GDP growth of 2.5% during the same period. While a slower IVA growth rate usually indicates an industry in decline, most of this industry's decline in recent years can be attributed to the crippling effects of recession and the subsequent decline in infrastructure investments undertaken by local governments. Falling infrastructure spending and thriftier government contracting led to shrinking profit, while the subsequent layoffs caused wages to decrease... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Road & Highway Construction Industry?

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, installing guardrails and public sidewalks). Establishments may subcontract some or all of the actual construction work.

Industry Products
Highway, road and street constructionAirport runways construction, reconstruction and additionsExisting highway, road and street reconstruction and additionsPrivate driveways and parking construction and additions
 
Industry Activities
Constructing highways, streets and roads Constructing airport runways Constructing private roads, driveways and parking lots Installing highway and street lighting and signage Constructing laneway and sound barriers


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