Overview

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

IBISWorld’s Tunnel 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
$4bn
Annual Growth
11-16
5.9%
Annual Growth
16-21
Profit
Employment
8,172
Business
580

Industry Threats & Opportunities

  • Broad-based economic growth and a recovery in government funding will support revenue growth
  • A number of federal grants and initiatives stepped in to fund and support industry projects
  • State governments will have a wider tax revenue base to undertake tunnel construction

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    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...

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    Industry Report - Industry Analysis Chapter

    The Tunnel Construction industry undertakes new construction and maintenance services on transport and utility tunnels. Industry revenue is primarily tied to local, state and federal funding for and investment in transportation infrastructure. Over the past five years, steady support from federal grants and initiatives supported revenue growth and filled the deficit in low local government spending. In a victory for the country’s transportation infrastructure, Congress passed a multiyear, $305.0-billion bill at the end of December to save the Highway Trust Fund. Despite wider tax bases, state and local government investment remains tepid as they attempt to write down debt accumulated in the aftermath of the downturn. Ove..

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    Additional Insights for the Tunnel Construction Industry

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

  • Ability to compete on tender
  • Having contracts that are favorable to purchaser
  • Ensuring pricing policy is appropriate
  • IBISWorld analysts also discuss how external factors such as Federal funding for transportation and Local and state government investment in the Tunnel Construction industry impact industry performance..

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    Industry Products

    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
    New construction
    Repair and maintenance
    Extensions and other
    Industry Activities
    Transportation tunnel construction, repair and maintenance
    Utility tunnel construction, repair and maintenance

    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
  • Price of cement

  • Current Performance
  • Federal assistance drives revenue growth
  • Industry trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Sustained government support fuels industry activity
  • Project profiles
  • Table: Tunnel Construction Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Land Development
  • Engineering Services
  • Public Administration
  • Road & Highway Construction
  • Road & Highway Maintenance

  • Key Selling Industries
  • Asphalt Manufacturing
  • Construction
  • Heavy Equipment Rental
  • Sand & Gravel Mining
  • Stone Mining

  • Products & Services
  • New construction
  • Extensions and other
  • Repair and maintenance
  • Chart: Tunnel Construction Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • State government
  • Local government
  • Federal government
  • Private sector
  • Chart: Major Market Segmentation for the Tunnel Construction Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther
  • Chart: Cost Structure Benchmarking – Sector vs Tunnel Construction

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Tunnel 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 Tunnel 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 Tunnel Construction Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Government funding for highways (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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 infrastructure funding programs.
  • Tender
  • A written offer or bid to contract goods or services at a specified cost or rate.
  • Toll Road
  • A road that drivers must pay to use.
  • Tunnel
  • An artificial underground passage, especially one built through a hill or under a building, road or river.
  • 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 Tunnel 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 Tunnel 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 Tunnel Construction, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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