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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 23411a | Mar 2014

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

IBISWorld’s Road & Highway Construction market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$69bn
Annual Growth 09-14
-0.8%
Annual Growth 14-19
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Profit
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Employment
210,602
Businesses
12,048
Industry Analysis & Industry Trends

When the recession caused the economy to plummet, intense pressure was put on government budgets, especially at the local and state levels. Consequently, these governments began to reduce their investment in infrastructure projects such as roads and highways, negatively affecting the industry. However, in the five years to 2019, the government's need to repair, replace and expand the nation's deficient infrastructure, coupled with urban sprawl, will generate demand for road and highway projects and subsequently support revenue... purchase to read more

Industry Report - Industry Investment Chapter

The Road and Highway Construction industry exhibits moderate levels of capital intensity. In 2014, for every dollar industry participants spent on labor, $0.17 will be spent on capital. Capital investment primarily consists of construction equipment such as earthmovers, pavers and compressors. Larger and more complex projects require companies to invest in heavier and more sophisticated equipment, while small projects like sign installation, requires minimum equipment use. Similarly, larger companies tend to invest more into heavier equipment than smaller ones. Nevertheless, as in most construction sectors, a lot of industry work requires extensive manual labor.

In the five years to 2014 capital intensity has slightly increased... 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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