Sound structure: Industry revenue will rise as government budgetary constraints are alleviated

Projects undertaken by industry operators are mainly for public structures, making demand for industry services highly dependent on government funding. Over the five years to 2017, the lingering effects of austerity measures following the recession have relegated regional governments to lower funding for highway and structure in an effort to balance their budgets. Even when these funds rose over the five-year period, most of the increase was spent on highways and water utility facilities. Fortunately for industry operators, transportation authorities have found it difficult to finance maintenance and repair projects in the past, resulting in the current, sub-par, condition of the nation's bridge stock...purchase to read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
-0.9%
Forecast Growth 17-22
Profit
Employment
4,441
Businesses
1,144
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Revenue is expected to grow as the budgetary constraints of the government are alleviated
  • Government funding is the ultimate source of demand for industry services
  • Increased demand for social services will result in decreased funding for the industry
  • Industry Report - Industry Locations Chapter

    The distribution of industry establishments reflects the distribution of bridges, highways and transport flow across America, which is largely correlated to the distribution of the population or general economic activity. Furthermore, Bridge and Structure painting contractors tend to be located near downstream construction markets in order to minimize costs. Bridges and elevated highway construction activity are generally required where roads cross rivers, topographical depressions or go through built-up urban areas. Hence regions with higher urban concentration or more river systems, wetlands, steep terrain and canyons will tend to have a higher share of the national distribution of bridge and elevated highway construction activity. Thi...purchase to read more.

    Additional Insights for the Bridge & Structure Painting Contractors Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Bridge & Structure Painting Contractors Industry are

  • Ability to compete on tender
  • Experienced work force
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Government funding for highways and Local and state government investment in the Bridge & Structure Painting Contractors industry impact industry performance..

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    What's in this report

    What is the Bridge & Structure Painting Contractors Industry?

    This industry specializes in the application of paint, including corrosion-inhibiting protective coatings, on bridges, trestles, overpasses and other exterior steel constructions.

    Industry Products
  • Spot touch-up
  • Zone Painting
  • Application of coating on an entire structure
  • Industry Activities
  • Painting buildings at considerable heights
  • Painting bridges and cables
  • Preparing steel surfaces for painting
  • Applying corrosion-inhibiting protective coatings
  • 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
  • Yield on 10-year Treasury note
  • Price of plastic materials and resin

  • Current Performance
  • Funding for bridge maintenance
  • Profitability and improving efficiency
  • Chart: Revenue Growth

  • Industry Outlook
  • Improving conditions
  • Future of the Federal Highway Trust Fund
  • Table: Bridge & Structure Painting Contractors Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Bridge & Structure Painting Contractors Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Bridge & Elevated Highway Construction
  • Heavy Infrastructure Construction
  • Commercial Building Construction

  • Key Selling Industries
  • Paint Manufacturing
  • Paint Wholesaling
  • Tool & Hardware Wholesaling

  • Products & Services
  • Spot touch-up
  • Application of coating on an entire structure
  • Zone Painting
  • Chart: Bridge & Structure Painting Contractors Industry Products and Services Segmentation

  • Demand Determinants
  • Government funding
  • Conditions on existing infrastructure
  • Natural disasters

  • Major Markets
  • State and local public sector
  • Federal public sector
  • Private sector
  • Chart: Major Market Segmentation for the Bridge & Structure Painting Contractors Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciationRent, utilities, marketing and other
  • Chart: Cost Structure Benchmarking – Sector vs Bridge & Structure Painting Contractors

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Bridge & Structure Painting Contractors Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Bridge & Structure Painting Contractors 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 & Structure Painting Contractors 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
    Abrasive Blasting
  • An operation whereby contractors forcibly propel a stream of abrasive material against a surface under high pressure to shape a surface, or remove surface contaminants.
  • Exhaust Ventilation System
  • Local exhaust ventilation prevents the contamination of indoor air by specific high-emission sources by capturing airborne contaminants before they are spread across the environment.
  • Wet Blasting
  • Wet Blasting is the process of using water along with abrasive material to achieve a desired finish on a surface. This process removes hazardous material without any danger to the operator.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Bridge & Structure Painting Contractors provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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 & Structure Painting Contractors:
    • 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 & Structure Painting Contractors 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 & Structure Painting Contractors, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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