Highway, Street & Bridge Construction Contractors Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/22/2017
SIC Codes: 1611, 1622, 8741
NAICS Codes: 2373
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Highway, Street & Bridge Construction Contractors Industry Profile

Companies in this industry construct highways, streets, roads, airport runways, sidewalks, and bridges. Major companies include AECOM, Bechtel, Kiewit, and Granite Construction (all based in the US), as well as Bouygues (France), China Communications Construction Company, Salini Impregilo (Italy), and VINCI (France).

Other than the US, China, India, and Brazil are among the countries with the largest roadway systems. As economies grow in these countries, highway systems and related infrastructure also will expand. China, for example, plans to spend more than $1 trillion on roads between 2016 and 2020.

The US highway, street, and bridge construction industry includes about 9,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $105 billion.

COMPETITIVE LANDSCAPE

Demand is largely driven by the availability of government road building funds, population growth, and the need to replace or repair aging infrastructure. The profitability of individual companies depends on operating efficiencies and the ability to correctly estimate costs. Big companies have the resources and engineering skills necessary for large construction jobs. Small companies can compete effectively by bidding for smaller projects or by working as subcontractors on large projects. The US industry is highly fragmented.

PRODUCTS, OPERATIONS & TECHNOLOGY

New street and highway construction can involve complicated engineering, and skilled operations like earthmoving, grading, and bridge, curb, sidewalk, and water drainage system construction. The US has the most expansive road network in the world, with 2.7 million miles of ...

 
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