Road, Street & Highway Construction in the US

Where is the money coming from?

The Road, Street and Highway Construction industry is forecast to be one of the better performers in the US economy over the next few years, as a key beneficiary of the Obama Administration's counter-cyclical spending package aimed at stimulating general economic recovery. Holding back industry growth will be constrained spending programs from state and local governments stemming from the depth of the current economic recession and the impact on budgetary finances, like falling taxation revenue and increasing social welfare payments.

This industry comprises: (1) establishments primarily responsible for the entire new construction of highways, streets, roads, or airport runways (excluding elevated roadways); (2) establishments identified as highway and street construction management firms; and (3) establishments identified as special trade contractors engaged in performing subcontract work primarily related to the construction of new highways and streets (e.g., grading for highways, laying pavement, installing guardrails, public sidewalk construction). Establishments in this industry may subcontract some or all of the actual construction work. The types of establishments operating in this industry include: general contractors, design builders, engineer-constructors, and joint-venture contractors. Establishments primarily involved in the maintenance, repair or renovation of an existing highway or street are including in NAICS industry 23414 Highway and Street Maintenance or 23415 Other Highway and Street Construction Services. 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.