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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

The Road & Highway Construction market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 - Starting a New Business Chapter

There are few barriers to entry for new companies at the bottom end of the road construction market (i.e. small-scale companies). 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 knowhow 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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