Overview

Heavy lifting: As government investment slowly rebounds, operators will rely on private investment

IBISWorld’s Heavy Engineering Construction market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$31bn
Annual Growth
12-17
2.0%
Annual Growth
17-22
Profit
Employment
102,881
Business
21,234

Industry Threats & Opportunities

  • Industry operators have been forced to increasingly rely on renewed private investment
  • The industry has benefited from rising trade volumes over the past five years
  • Federal spending is expected to remain stagnant in the short-term

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    Industry Analysis & Industry Trends

    Over the past five years, the industry has fared well because of assistance from the federal government and recovering private investment. Government funding also supported initiatives in environmental restoration, hydropower and water treatment. Government spending has remained weak over the five-year period, despite a more favorable economic environment. Therefore, industry operators have been forced to increasingly rely on renewed private investment, which has been on the rise due to growing corporate profit across the United States. Over the next five years, the industry is expected to continue relying on the private sector, as the federal government pursues greater fiscal responsibility and attempts to restructure its infrastructure funding...

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    Industry Report - Industry Investment Chapter

    This industry requires moderate capital investment, with the majority of costs pertaining to labor. Labor costs consist of direct employee wages. Similar to other construction industries, the cost of purchases is high, accounting for over 40.2% of revenue. These costs are largely related to materials, components and supplies that are used during the construction of industrial facilities and costs associated to subcontracting out work. Capital expenses are only estimated to account for a small percentage of revenue, as the majority of necessary equipment can be leased on a piecemeal basis or subcontracted to specialist operatives (e.g. crane operators and structural steel erectors).

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    Additional Insights for the Heavy Engineering Construction Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Heavy Engineering Construction Industry are

  • Development of a symbiotic relationship with another industry
  • Access to highly skilled workforce
  • Ability to effectively manage risk
  • IBISWorld analysts also discuss how external factors such as Federal funding for transportation and Local and state government investment in the Heavy Engineering Construction industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Heavy Engineering Construction Industry?

    Operators in this industry are primarily engaged in heavy and engineering construction projects, with the exception of highway, street, bridge and airport construction. Work performed includes new work, reconstruction, rehabilitation and repairs. The industry also includes specialty tradecontractors, if they are primarily active in activities related to engineering construction projects. Construction projects include waterworks, marine facilities development and open space improvement.

    Industry Products
    Marine construction
    Conservation and development construction
    Mass transit and railroad construction
    Hydroelectric power plant construction
    Tunnel construction
    Outdoor recreational areas
    Harbor and port facilities construction
    Industry Activities
    Marine construction and repair
    Mass transit construction
    Harbor and port facility construction and repair
    Conservation and development construction
    Outdoor area development and construction
    Hydroelectric plant construction
    Power plant construction
    Tunnel construction

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Federal funding for transportation
  • Local and state government investment
  • Value of private nonresidential construction
  • Yield on 10-year Treasury note

  • Current Performance
  • Growth in mass transit
  • Railroads and freight
  • Profitability and industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Federal transportation funding rebounds
  • Private funding
  • Operators to return gradually
  • Table: Heavy Engineering Construction Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Heavy Engineering Construction Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Land Development
  • Rail Transportation
  • Ocean & Coastal Transportation
  • Inland Water Transportation
  • Port & Harbor Operations
  • Nuclear Power

  • Key Selling Industries
  • Architects
  • Construction
  • Engineering Services
  • Heavy Equipment Rental
  • Ready-Mix Concrete Manufacturing
  • Wholesale Trade

  • Products & Services
  • Mass transit and railroad construction
  • Marine construction
  • Other
  • Hydroelectric power plant construction
  • Conservation and development construction
  • Tunnel construction
  • Outdoor recreational areas
  • Harbor and port facilities construction
  • Chart: Heavy Engineering Construction Industry Products and Services Segmentation

  • Demand Determinants
  • Short and medium-term influences

  • Major Markets
  • Public sector
  • Private sector
  • Chart: Major Market Segmentation for the Heavy Engineering Construction Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation and other
  • Chart: Cost Structure Benchmarking – Sector vs Heavy Engineering Construction

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Heavy Engineering Construction Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Heavy Engineering Construction Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Heavy Engineering Construction Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Value of Nonresidential Construction (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Conservation
  • Refers to the act of preserving or protecting natural resources and lands.
  • Mass Transit
  • Refers to transportation systems designed to move large volumes of individuals at the same time.
  • Petrochemical
  • Substances obtained through the refining and processing of petroleum or natural gas.
  • Why buy this report?

    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 Heavy Engineering 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 Heavy Engineering 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 Heavy Engineering Construction, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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