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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 | Feb 2016

Alternate route: Congress' latest $305.0 billion stimulus will improve industry demand

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
$102bn
Annual Growth 11-16
-0.3%
Annual Growth 16-21
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Profit
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Employment
219,439
Businesses
13,910
Industry Analysis & Industry Trends

The Road and Highway Construction industry continues to face a host of issues including budgetary constraints and uncertainty surrounding government funding. Local and state governments, which are the largest sources of industry-specific project funding, have maintained prudent budgets since the recession, while federal programs like the Highway Trust Fund remain precarious. However, a recent transportation bill of $305.0 billion passed by Congress in December 2015 will prove a boon to industry demand. Furthermore, the private sector will be encouraged to help fill the investment gap through public-private partnerships... purchase to read more

Industry Report - Starting a New Business Chapter

There are few barriers to entry for new companies in this industry. Contractors that undertake small-scale jobs on local projects must obtain local state licensing and registration; however, the expenditure requirements to start a business in this industry are quite low. New entrants have no significant technological disadvantage. Also, capital costs can be reduced by leasing or subcontracting equipment. Nonetheless, all new entrants have to be able to develop the expertise and know-how that is required to complete projects.

Smaller-scale contractors typically rely on maintaining a sound reputation and a network of contacts within the construction sector to obtain contracts... 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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