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Road & Highway Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Road & Highway Services Market Research Report | NAICS 23411c | Dec 2013

Bumpy ride: Inadequate public-sector spending will hurt profitability

IBISWorld’s Road & Highway Services 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
$26bn
Annual Growth 08-13
-1.2%
Annual Growth 13-18
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Profit
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Employment
85,429
Businesses
3,532
Industry Analysis & Industry Trends

While the Great Recession has taken a heavy toll on almost every US construction industry, robust federal stimulus investment in infrastructure development has supported the Road and Highway Services industry through this turbulent time. Looking forward, the federal commitment to highway and infrastructure funding and the overall health of the US economy will determine industry performance. Specifically, the Moving Ahead for Progress in the 21st Century Act will work to improve bridges, fix roads and reduce congestion... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Road and Highway Services industry is in the mature stage of its life cycle. In the 10 years to 2018, industry value added (IVA), which measures the industry's contribution to the overall economy, is expected to decrease at an annualized 0.9%, compared with annualized GDP growth of 2.1% during the same period. However, most of this decline can be attributed to the recession. During the past five years, declining public-sector spending on industry services caused industry revenue to decline and contractors to cut wage expenses. In addition, the combination of dropping revenue and intensified competition led to profit declines. Consequently, IVA plummeted more than GDP... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Road & Highway Services Industry?

Establishments in this industry are primarily subcontracted to provide specialist construction services for highway and street construction and maintenance projects (i.e. new work, reconstruction, periodic maintenance or repairs). The industry mainly includes specialist contractors that carry out discrete phases within a total highway and street construction project, such as highway grading, installing guardrails, installing street signage and line marking.

Industry Products
Asphalt and concrete road paving servicesProject finishing servicesPrivate asphalt and concrete contracting
 
Industry Activities
Road pavement layingHighway and street lighting and signage installation Highway lane barrier constructionRoad line marking and painting


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