Global Road & Highway Construction Market 2017
- Id : RNR-199979
- Category : Manufacturing Construction
- Publish Date : Dec-2017
- Publisher : S&P Consulting
- Pages : 130
- Format : PDF
The Road and Highway Construction industry experienced a host of early issues during the five-year period to 2017, mainly budgetary constraints and weak investments in transport infrastructure. Local and state governments, which are the largest sources of industry-specific project funding, have maintained prudent budgets since the recession, while federal programs like the Highway Trust Fund have remained precarious. Over the five years to 2022, the need to rebuild, expand and repair existing road infrastructure, coupled with rising congestion caused by urban sprawl, will push authorities to invest in industry projects. 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 and installing guardrails and public sidewalks). Operators may subcontract some or all of the actual construction work. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.