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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 - Starting a New Business Chapter

Barriers to entry in the industry are moderate and include capital requirements, access to government contracts and skilled labor. Establishing a brand name also presents a barrier for some new entrants. Companies must have access to competitively priced raw materials like cement and steel and machinery. At the same time, companies entering the industry require a workforce that is specialized in tunnel construction, repair and maintenance services. Industry companies also need research and development teams to develop new technologies that are essential to being competitive. The need for specialized labor requires high financial investment for companies entering the industry... 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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