Tunnel through: Demand will return as federal funding slowly increases

The Bridge and Elevated Highway Construction industry has stagnated in the aftermath of the recession. Since most funding for industry projects comes from local and state governments, regional spending cuts caused revenue to drastically decline during the economic downturn. However, temporary federal government stimulus spending helped bridge the gap created by the reduction of state and municipal funding. Nonetheless, failure to enact long-term funding for surface infrastructure at the federal level held the industry back throughout the five-year period to 2017. However, with the passage of long-term funding in December 2015, the industry is projected to grow over the next five years...purchase to read more.

Industry Statistics & Market Size
Revenue
$18bn
Annual Growth 12-17
0.3%
Forecast Growth 17-22
Profit
Employment
29,729
Businesses
1,185
Market Share of Companies

Industry Threats & Opportunities

  • With the passage of long-term funding, the industry will grow over the next five years
  • PPPs have increased as local and state governments struggle to balance their budgets
  • Economic and population growth will drive spending on industry-specific projects
  • Industry Report - Industry Key Buyers Chapter

    The Bridge and Elevated Highway Construction industry is fragmented with the four largest contractors accounting for an estimated 15.9% of industry revenue. The industry comprises of many small to medium scale operators which service relatively narrow geographically dispersed markets. Nearly 70.0% of the industry's employing companies maintain workforces of fewer than twenty persons, including the 42.3% of enterprises that employ fewer than five persons. Almost one-fifth of employing enterprises in this industry could be considered medium sized, employing between 20 and 99 persons, servicing statewide geographic and regional markets.Smaller companies primarily operate in local markets where they can use their connections and knowledge to win small scale projects. How...purchase to read more.

    Additional Insights for the Bridge & Elevated Highway Construction Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Bridge & Elevated Highway Construction Industry are

  • Ability to compete on tender
  • Having links with suppliers
  • Business expertise of operators
  • IBISWorld analysts also discuss how external factors such as Government funding for highways and Local and state government investment in the Bridge & Elevated Highway Construction industry impact industry performance..

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    What's in this report

    What is the Bridge & Elevated Highway Construction Industry?

    This industry comprises companies that primarily engage in the construction of bridges and elevated highways. These types of projects include new work, reconstruction and repairs. This industry does not include road and highway construction activity.

    Industry Products
  • Bridge and elevated highway construction
  • Alterations and additions
  • Maintenance and repair projects
  • Industry Activities
  • Constructing, repairing and maintaining bridges
  • Constructing, repairing and maintaining elevated highways and flyovers
  • Constructing, repairing and maintaining pedestrian bridges
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Government funding for highways
  • Local and state government investment
  • Price of cement
  • Yield on 10-year Treasury note

  • Current Performance
  • Government give and take
  • The private sector
  • Profit and industry trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Government funding rises to meet demand
  • The private sector
  • Profit and industry trends
  • Table: Bridge & Elevated Highway Construction Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Bridge & Elevated Highway Construction Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Land Development
  • Engineering Services
  • Administration of Government Programs
  • Road & Highway Construction
  • Road & Highway Maintenance
  • Road & Highway Services

  • Key Selling Industries
  • Asphalt Manufacturing
  • Concrete Pipe & Block Manufacturing
  • Construction
  • Heavy Equipment Rental
  • Iron & Steel Manufacturing
  • Precast Concrete Manufacturing
  • Professional, Scientific and Technical Services
  • Ready-Mix Concrete Manufacturing
  • Sand & Gravel Mining
  • Stone Mining

  • Products & Services
  • Bridge and elevated highway construction
  • Alterations and additions
  • Maintenance and repair projects
  • Chart: Bridge & Elevated Highway Construction Industry Products and Services Segmentation

  • Demand Determinants
  • Economic and population growth
  • Public-sector funding
  • Private-sector funding
  • Interest rates
  • Condition of existing infrastructure
  • Natural disasters

  • Major Markets
  • State and local public sector
  • Federal public sector
  • Private sector
  • Chart: Major Market Segmentation for the Bridge & Elevated Highway Construction Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation, rent and utilities
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Bridge & Elevated Highway Construction

  • Basis of Competition
    Larger-scale operationsSmaller-scale operations
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Bridge & Elevated Highway Construction Industry

  • Industry Globalization
    Walsh Group,
  • Table: Walsh Group - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Bridge & Elevated Highway Construction Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Bridge & Elevated Highway Construction Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Government Funding For Highways (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Functionally Obsolete (Fo)
  • A bridge that has a deck geometry, load capacity, clearance or roadway alignment that no longer meets the minimum standards.
  • Intermodal Surface Transportation Efficiency Act
  • (ISTEA) The first federal multiyear transport infrastructure program, developed in 1991, that locked in the allocation of funding against fluctuations in budget revenue.
  • Public-Private Partnership
  • A partnership where the public sector fully or partially hands over construction, financing and management of infrastructure to the private sector.
  • Safetea-Lu
  • Short for the Safe, Accountable, Flexible, Efficient Transport Equity Act: A Legacy for Users. Developed in 2005, the third in a series of federal multiyear transport infrastructure funding programs.
  • Structurally Deficient (Sd)
  • A bridge that is restricted to light vehicles, closed or requires immediate rehabilitation to remain open.
  • What Our Customers Say

    Why buy this report?

    The Bridge & Elevated Highway Construction Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Bridge & Elevated Highway Construction:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Bridge & Elevated Highway Construction market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Bridge & Elevated Highway Construction, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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