The U.S. Road, Bridge & Tunnel Construction Market
1. The U.S. Road, Bridge & Tunnel Construction Market
Report Details:
Published:November 2012
No. of Pages: 134
Price: Single User License – US$3960
The U.S. road construction market continues to suffer even as the country recovers from the
recession. The completion of most American Recovery and Reinvestment Act-funded projects,
coupled with the lack of a long-term transportation bill through 2010 and 2011, caused overall
spending on road, bridge and tunnel construction to drop by 4.4% between 2009 and 2011. While
2010 and 2011 have been strong years for bridge and tunnel construction, the lack of funding for
road construction and reconstruction has pulled the entire market down. These trends have
continued into 2012, although SBI Energy expects total road, bridge & tunnel market to be up
0.6% over 2011 to reach a total of $76.4 billion for the year.
In the short term, there will be a small market improvement due to certainty in funding because of
the new federal highway bill (MAP-21) passed in July 2012. The legislation means that states are
more likely to start and fund medium scale projects (less than five years) with funding levels
assured through FY2014. However, long-term market prospects remain difficult as both state and
federal governments refuse to increase their respective gas taxes or implement other use-based
funding schemes.
Without expanded user-based fees, states will have to use more and more of existing funding to
maintain existing infrastructure, and make more use of alternative financing schemes such as
public-private partnerships (P3), state infrastructure banks and tolling to finance new construction.
This will limit growth through the decade for all three segments of the road construction market.
The result is that the U.S. road, bridge and tunnel construction market will show only slight growth
through 2014, and market growth over the next decade will continue to be lower than the moving
ten-year average over the last 90 years. By 2022, the market will reach $116.6 billion, posting a
compound annual growth rate (CAGR) of 4.8% between 2013 and 2022.
The U.S. Road, Bridge & Tunnel Construction Market by SBI Energy provides key insight into
current and future construction trends for the nation’s road infrastructure, with a particular
emphasis on bridge and tunnel construction segments and an analysis of key states. The analysis
includes definitions, current product offerings and market detail on the following segments:
•Road construction, including lane widening, resurfacing and rehabilitation
•Bridge construction and rehabilitation
•Tunnel & wall construction
The report also studies the key elements driving new road construction, analyzing local, state and
federal financing strategies that provide construction funding in the U.S., and the impact these
2. projects have on employment.
Report Methodology
This report contains primary and secondary data obtained from government sources, trade
associations and publications, business journals, scientific papers, company literature, investment
reports, and interviews with industry professionals. Statistics on highway use and financing comes
from the Department of Transportation’s Federal Highway Administration (FHWA) and from the
U.S. Census Bureau. Producer price index data and labor data comes from the U.S. Bureau of
Labor Statistics. Regional data comes from state transportation departments.
What You’ll Get in This Report
The U.S. Road, Bridge & Tunnel Construction Market provides a concise, focused look at the
nation’s highway and local road construction industry as it exists today, and shows where the
market is moving between 2013 and 2022. The report highlights key players in the heavy
construction and engineering industries and pinpoints ways that current and prospective
competitors can capitalize on recent trends and spearhead new ones. No other market research
report provides both the comprehensive analysis and extensive data that The U.S. Road, Bridge &
Tunnel Construction Market offers. In addition, you’ll benefit from extensive data, presented in
easy-to-read and practical charts, tables and graphs.
How You’ll Benefit from this Report
If your company is involved with road construction and maintenance in the U.S., or is considering
investing in infrastructure projects in the country, you will find this report invaluable as it provides a
comprehensive package of information and insight not offered in any other single source. You will
gain a thorough understanding of the current U.S. road construction market, as well as projected
trends through 2022. The report also provides a concise view of the employment provided by road
construction companies and associated industries.
This report will help:
•Marketing managers identify market opportunities and develop targeted promotion plans for
businesses looking to geographically expand their business.
•Research and development professionals stay on top of competitor initiatives and explore
demand for new highway construction and reconstruction of existing road systems.
•Advertising agencies working with clients in a host of market sectors such as engineering,
construction materials manufacturing, procurement and environmental assessment to develop
messages and images that compel road construction companies businesses to migrate towards
their clients.
•Business development executives understand the dynamics of the market and identify possible
partnerships or joint ventures with key contracting and engineering firms.
•Information and research center librarians provide market researchers, brand and product
managers and other colleagues with the vital information they need to do their jobs more
effectively.
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3. Major points covered in Table of Contents of this report include
Table Of Contents
CHAPTER 1 EXECUTIVE SUMMARY
SCOPE & METHODOLOGY
THE U.S. ROAD SYSTEM
THE U.S. ROAD, BRIDGE & TUNNEL CONSTRUCTION MARKET
Road Construction Market
Bridge Construction Market
Tunnel & Wall Construction Market
Roadway Construction in the Top Four States
Market Forecast
FUNDING ROAD CONSTRUCTION
MARKET DRIVERS & BARRIERS
Market Drivers
Market Barriers
EMPLOYMENT TRENDS
CONSTRUCTION COSTS
COMPETITORS
CHAPTER 2 INTRODUCTION
SCOPE
METHODOLOGY
THE U.S. ROAD SYSTEM
Types of Roads in the U.S.
Road Infrastructure Ownership
U.S. CONSTRUCTION & TRANSPORTATION INFRASTRUCTURE SPENDING
Funding Road Construction
Other Financing Mechanisms
The Politics of Roadway Construction Funding
CHAPTER 3 THE MARKET
U.S. ROAD, BRIDGE & TUNNEL CONSTRUCTION
U.S. Continues to Focus on Highways
Road Construction Market
Bridge Construction Market
Tunnel & Wall Construction Market
MAINTAINING AN AGING INFRASTRUCTURE
FOUR KEY ROAD CONSTRUCTION STATES
California
Texas
Florida
New York
FORECAST
Short-Term Forecast
4. Road Construction Forecast
Bridge Construction Forecast
Tunnel Construction Forecast
CHAPTER 4 MARKET TRENDS
MARKET DRIVERS
Increasing Number of Vehicles & Miles Travelled
State of Repair of Existing Roads & Bridges
Increasing Safety
Congestion
MARKET BARRIERS
Funding Imbalance
Federal & State Debt
EMPLOYMENT TRENDS
Employment by Industry Type
Associated Jobs
Employment Forecast
CONSTRUCTION COSTS
Construction Project Costs
Design-Build vs. Bid-Design-Build Projects
FUNDING SOURCES
Federal Transportation Funding Legislation (MAP-21)
State & Local Funding
Alternative Financing Schemes
CHAPTER 5 COMPETITORS
A FRACTURED INDUSTRY
KEY COMPETITORS
AMERICAN BRIDGE
AUSTIN INDUSTRIES
COLAS USA
FLATIRON CONSTRUCTION
FLUOR CORPORATION
GRANITE CONSTRUCTION
THE HUBBARD GROUP
LANE CONSTRUCTION
PCL CONSTRUCTION ENTERPRISES
PETER KIEWIT SONS’
SKANSKA USA
TUTOR PERINI
VECELLIO GROUP
THE WALSH GROUP
