Industry Analysis & Industry Trends
Over the past five years, steady support from federal grants and initiatives allowed for revenue growth and filled the deficit in low local government spending. Over the next five years, the Tunnel Construction industry is expected to grow in light of broad-based economic growth and a rebound in local government spending. As employment and consumption increases during the period, municipalities and state governments will have a wider tax revenue base to undertake tunnel construction. Industry operators will, however, continue to face the threat of political gridlock, which may stall or suspend planned tunnel projects.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Tunnel Construction industry is in the mature phase of its life cycle. Industry value added (IVA), a measure of the industry's contribution to the overall economy, is expected to increase at an average annual rate of 3.4% over the 10 years to 2020. This increase is higher than the annualized GDP growth rate of 2.5% over the same period. Although a higher IVA growth rate typically indicates an emergent industry, much of this is due to a recovery in industry wages and profit since 2010, when a postrecessionary economy weakened industry performance.
The Tunnel Construction industry is mature, and falls under the Heavy Engineering Construction industry (IBISWorld report 23799)... purchase to read more