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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 | Dec 2014

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

IBISWorld’s Road & Highway Construction market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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
210,995
Businesses
12,148
Industry Analysis & Industry Trends

The Road and Highway Construction industry was caught in heavy traffic during the five years to 2014. The recession limited road and highway spending by local and state governments, which are the largest sources of industry-specific project funding. Nevertheless, federal government stimulus spending and other forms of support bridged some of the funding gap left over by regional deficiencies. In the coming years, 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 Key Buyers Chapter

The Road and Highway Construction industry has low market concentration, with the top four players accounting for an estimated 6.9% of industry revenue. The industry is characterized by many small-scale geographically dispersed participants. A large portion of participants are actually sole proprietors who take on small jobs like home driveway construction. Small to medium contractors are usually involved in local projects where they have the proper connections and relationships with authorities. The fact that most small construction contracts are issued at the local level further contributes to the industry's geographically disperse composition. In addition, larger players subcontract work out to smaller companies when participating in large-scale projects... 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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