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The U.S. Road, Bridge & Tunnel Construction Market


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The U.S. Road, Bridge & Tunnel Construction Market

  1. 1. The U.S. Road, Bridge & Tunnel Construction MarketReport Details:Published:November 2012No. of Pages: 134Price: Single User License – US$3960The U.S. road construction market continues to suffer even as the country recovers from therecession. 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 overallspending on road, bridge and tunnel construction to drop by 4.4% between 2009 and 2011. While2010 and 2011 have been strong years for bridge and tunnel construction, the lack of funding forroad construction and reconstruction has pulled the entire market down. These trends havecontinued into 2012, although SBI Energy expects total road, bridge & tunnel market to be up0.6% 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 ofthe new federal highway bill (MAP-21) passed in July 2012. The legislation means that states aremore likely to start and fund medium scale projects (less than five years) with funding levelsassured through FY2014. However, long-term market prospects remain difficult as both state andfederal governments refuse to increase their respective gas taxes or implement other use-basedfunding schemes.Without expanded user-based fees, states will have to use more and more of existing funding tomaintain existing infrastructure, and make more use of alternative financing schemes such aspublic-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 growththrough 2014, and market growth over the next decade will continue to be lower than the movingten-year average over the last 90 years. By 2022, the market will reach $116.6 billion, posting acompound 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 intocurrent and future construction trends for the nation’s road infrastructure, with a particularemphasis on bridge and tunnel construction segments and an analysis of key states. The analysisincludes 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 constructionThe report also studies the key elements driving new road construction, analyzing local, state andfederal financing strategies that provide construction funding in the U.S., and the impact these
  2. 2. projects have on employment.Report MethodologyThis report contains primary and secondary data obtained from government sources, tradeassociations and publications, business journals, scientific papers, company literature, investmentreports, and interviews with industry professionals. Statistics on highway use and financing comesfrom the Department of Transportation’s Federal Highway Administration (FHWA) and from theU.S. Census Bureau. Producer price index data and labor data comes from the U.S. Bureau ofLabor Statistics. Regional data comes from state transportation departments.What You’ll Get in This ReportThe U.S. Road, Bridge & Tunnel Construction Market provides a concise, focused look at thenation’s highway and local road construction industry as it exists today, and shows where themarket is moving between 2013 and 2022. The report highlights key players in the heavyconstruction and engineering industries and pinpoints ways that current and prospectivecompetitors can capitalize on recent trends and spearhead new ones. No other market researchreport 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 ineasy-to-read and practical charts, tables and graphs.How You’ll Benefit from this ReportIf your company is involved with road construction and maintenance in the U.S., or is consideringinvesting in infrastructure projects in the country, you will find this report invaluable as it provides acomprehensive package of information and insight not offered in any other single source. You willgain a thorough understanding of the current U.S. road construction market, as well as projectedtrends through 2022. The report also provides a concise view of the employment provided by roadconstruction 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.Get your copy of this report @
  3. 3. Major points covered in Table of Contents of this report includeTable Of ContentsCHAPTER 1 EXECUTIVE SUMMARYSCOPE & METHODOLOGYTHE U.S. ROAD SYSTEMTHE U.S. ROAD, BRIDGE & TUNNEL CONSTRUCTION MARKETRoad Construction MarketBridge Construction MarketTunnel & Wall Construction MarketRoadway Construction in the Top Four StatesMarket ForecastFUNDING ROAD CONSTRUCTIONMARKET DRIVERS & BARRIERSMarket DriversMarket BarriersEMPLOYMENT TRENDSCONSTRUCTION COSTSCOMPETITORSCHAPTER 2 INTRODUCTIONSCOPEMETHODOLOGYTHE U.S. ROAD SYSTEMTypes of Roads in the U.S.Road Infrastructure OwnershipU.S. CONSTRUCTION & TRANSPORTATION INFRASTRUCTURE SPENDINGFunding Road ConstructionOther Financing MechanismsThe Politics of Roadway Construction FundingCHAPTER 3 THE MARKETU.S. ROAD, BRIDGE & TUNNEL CONSTRUCTIONU.S. Continues to Focus on HighwaysRoad Construction MarketBridge Construction MarketTunnel & Wall Construction MarketMAINTAINING AN AGING INFRASTRUCTUREFOUR KEY ROAD CONSTRUCTION STATESCaliforniaTexasFloridaNew YorkFORECASTShort-Term Forecast
  4. 4. Road Construction ForecastBridge Construction ForecastTunnel Construction ForecastCHAPTER 4 MARKET TRENDSMARKET DRIVERSIncreasing Number of Vehicles & Miles TravelledState of Repair of Existing Roads & BridgesIncreasing SafetyCongestionMARKET BARRIERSFunding ImbalanceFederal & State DebtEMPLOYMENT TRENDSEmployment by Industry TypeAssociated JobsEmployment ForecastCONSTRUCTION COSTSConstruction Project CostsDesign-Build vs. Bid-Design-Build ProjectsFUNDING SOURCESFederal Transportation Funding Legislation (MAP-21)State & Local FundingAlternative Financing SchemesCHAPTER 5 COMPETITORSA FRACTURED INDUSTRYKEY COMPETITORSAMERICAN BRIDGEAUSTIN INDUSTRIESCOLAS USAFLATIRON CONSTRUCTIONFLUOR CORPORATIONGRANITE CONSTRUCTIONTHE HUBBARD GROUPLANE CONSTRUCTIONPCL CONSTRUCTION ENTERPRISESPETER KIEWIT SONS’SKANSKA USATUTOR PERINIVECELLIO GROUPTHE WALSH GROUP
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