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Tunnel Construction in the US: Market Research Report

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

Tunnel Construction Market Research Report | Specialist Engineering, Infrastructure & Contractors | Infrastructure | Feb 2015

Tunneling through: A rebound in local government spending will foster industry growth

IBISWorld’s Tunnel Construction market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 10-15
3.3%
Annual Growth 15-20
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Profit
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Employment
7,102
Businesses
143
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 Locations Chapter

The industry is generally spread according to population and vehicle concentration. About 95.0% of US households own a vehicle, and an estimated 85.0% use a vehicle to go to work. Industry establishments also are distributed according to topography; tunnel construction is generally required where roadwork crosses rivers, topographical depressions or through built-up urban areas. Hence regions with higher urban concentration or more river systems, wetlands, steep terrain and canyons will tend to have a higher share of the national distribution of tunnel construction activity. Almost half (42.7%) of the population lives in the Southeast and West regions, which make up an estimated 27.6% and 14.9% of industry establishments, respectively... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Tunnel Construction Industry?

This industry constructs tunnels. Types of projects include new work, reconstruction and repairs. This industry does not include road and highway construction activity.

Industry Products
Rail tunnelsRoad and highway tunnelsSewer tunnelsWater tunnelsCable tunnelsScientific tunnels
 
Industry Activities
Transportation tunnel construction, repair and maintenanceUtility tunnel construction, repair and maintenance


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