Burning rubber: Consistent private and public investment will keep the industry growing in Ohio

The Road and Highway Construction industry in Ohio has performed well over the five years to 2018. This industry provides new work, extensions and alterations to road and highway networks, private driveways and airport runways. Elevated highways and bridges (IBISWorld report 23731b) are excluded from this industry. Industry growth has been supported primarily by an annualized 0.5% increase in state and local government expenditure in Ohio and from the passage of the Fixing America’s Surface Transportation (FAST) Act, passed in 2015. Moreover, since new homes and housing developments must be integrated into the existing road network, industry revenue growth has also been supported by an annualized 6.0% increase in housing starts in Ohio...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 13-18
0.9%
Forecast Growth 18-23
Profit
Employment
6,297
Businesses
455

Industry Threats & Opportunities

  • As demand for industry services has increased, so too has industry profitability
  • Industry Report - Industry Investment Chapter

    ***This section is not used for US State reports***...purchase to read more.

    Additional Insights for the Road & Highway Construction in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Road & Highway Construction in Ohio Industry are

  • Access to highly skilled workforce
  • Having links with suppliers
  • Ability to compete on tender
  • IBISWorld analysts also discuss how external factors such as Local and state government expenditure in Ohio and Federal funding for transportation in the Road & Highway Construction in Ohio industry impact industry performance..

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    What's in this report

    What is the Road & Highway Construction in Ohio Industry?

    Companies in this industry construct new highways, streets, roads and airport runways (excluding elevated roadways). The industry also includes highway and street construction management operators and special-trade contractors that perform subcontracting work on projects (e.g. grading, laying pavement, installing guardrails and public sidewalks). Establishments may subcontract some or all of the actual construction work.

    Industry Products
  • Highway, road and street construction
  • Highway, road and street reconstruction and expansion
  • Private driveways, parking construction and additions
  • Airport runway construction, reconstruction and additions
  • Industry Activities
  • Constructing highways, streets and roads
  • Constructing airport runways
  • Constructing private roads, driveways and parking lots
  • Installing highway and street lighting and signage
  • Constructing laneway and sound barriers
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Local and state government expenditure in Ohio
  • Federal funding for transportation
  • Value of private nonresidential construction in Ohio
  • Value of residential construction in Ohio
  • Yield on 10-year Treasury note

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Road & Highway Construction in Ohio Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Land Development
  • Airport Operations
  • Administration of Government Programs

  • Key Selling Industries
  • Asphalt Manufacturing
  • Concrete Pipe & Block Manufacturing
  • Construction
  • Heavy Equipment Rental
  • Mining
  • Professional, Scientific and Technical Services
  • Ready-Mix Concrete Manufacturing
  • Steel Rolling & Drawing
  • Wholesale Trade

  • Products & Services
  • Highway, road and street reconstruction and expansion
  • Highway, road and street construction
  • Airport runway construction, reconstruction and additions
  • Private driveways, parking construction and additions
  • Chart: Road & Highway Construction in Ohio Industry Products and Services Segmentation

  • Major Markets
  • State and locally administered roads
  • Privately administered roads
  • Federally administered roads
  • Chart: Major Market Segmentation for the Road & Highway Construction in Ohio Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Road & Highway Construction in Ohio

  • Basis of Competition
    Barriers to Entry
    Kokosing Construction Company Inc., AECOM, Gilbane Building Co., Messer Construction Co.,
  • Table: Kokosing Construction Company Inc. - financial performance
  • Table: AECOM - financial performance
  • Table: Gilbane Building Co. - financial performance
  • Table: Messer Construction Co. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Road & Highway Construction in Ohio 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 Road & Highway Construction in Ohio Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Federal funding for transportation (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Congressional Earmarks
  • Funds provided by Congress for projects or programs where the congressional direction circumvents Executive Branch merit-based or competitive allocation processes.
  • Earthwork
  • The excavation and piling of earth in connection with construction projects.
  • 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
  • Abbreviation for Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users. Third in a series of federal multiyear transport infrastructure funding programs.
  • Transportation Equity Act For The 21St Century
  • A federal act that provides funding for pilot toll programs for interstate variable pricing and infrastructure rehabilitation.
  • What Our Customers Say

    Why buy this report?

    The Road & Highway Construction in Ohio industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
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    This report on Road & Highway Construction in Ohio:
    • 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 Road & Highway Construction in Ohio 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 Road & Highway Construction in Ohio, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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