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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 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
$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 - Industry Investment Chapter

The Road and Highway Construction industry exhibits moderate levels of capital intensity. In 2016, for every dollar industry participants spent on labor, $0.18 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 require minimum equipment use. Similarly, larger companies tend to invest more into heavier equipment than smaller companies. Nevertheless, as in most construction sectors, a lot of industry work requires extensive manual labor.

In the five years to 2016, capital intensity has slightly declined... 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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