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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 | Sep 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
210,602
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 Analysis Chapter

The Road and Highway Construction industry experienced congested conditions during the five years to 2014. Industry players are hired, usually by government transportation agencies, to build, expand, alter and reconstruct roads, highways and streets. In 2009, when the recession caused the economy to plummet, intense pressure was put on government budgets, especially at the local and state level. Consequently, these governments began to reduce their investment in infrastructure projects such as roads and highways. However, federal countercyclical measures, such as stimulus spending, were able to fill some of the gaps left exposed by states and municipalities, but only for a limited time... 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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