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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 23411a | May 2014

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

IBISWorld’s Road & Highway Construction market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 SWOT Analysis Chapter

The Road and Highway Construction industry is in the mature stage of its life cycle. Over the 10 years to 2019, industry value added (IVA), which measures the industry's contribution to the overall economy, is expected to decrease at an annualized 0.8%, compared with annualized GDP growth of 2.7% during the same period. While a declining IVA usually indicates an industry in decline, most of this industry's decline in recent years can be attributed to the recession. Falling infrastructure spending and thriftier government contracting led to shrinking profit, while the subsequent layoffs caused wages to decrease. However, over the next five years revenue, profit and wages are forecast to increase... 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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