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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 Locations Chapter

Because populated regions require extensive road infrastructure to accommodate residential and commercial traffic, the number of establishments correlates with population distribution. However, regions with a lot of distance between population centers also encourage establishments, as these expanses need to be connected by long stretches of road.

The Southeast and West

The Southeast and West account for about 25.9% and 14.6% of industry establishment, respectively. They are the nation's two most populated regions. In the Southeast both Florida and Georgia have extensive road networks and many other states have above average highway mileage. The West is home to California, the country's most-populated state and owner of the second-largest public road network... 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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