Road & Highway Construction in Canada - Industry Market Research Report

Road & Highway Construction in Canada - Industry Market Research Report

  • October 2019 •
  • 28 pages •
  • Report ID: 4564517 •
  • Format: PDF
The high road: Increased traffic congestion will likely encourage investment in road networks

Abstract

Road & Highway Construction in Canada
Operators in the Road and Highway Construction industry in Canada build, expand, alter and reconstruct roads, highways, streets and runways for the public and private sectors. Over the five years to 2019, federal spending on infrastructure has been volatile. Alongside volatile operating conditions, industry profitability has remained at historically low levels, encouraging little market entry. Typically, employment trends track trends in the number of industry operators, yet shortages in workers that specialize in road and highway construction have resulted in the shrinkage of the industry workforce. As the economy distances itself from the collapse of commodity prices and the brief recession, oil prices are expected rise alongside government tax incomes. Consequently, all levels of governments are projected have more resources to fund industry projects.

This industry constructs 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 subcontract work on projects, such as grading, laying pavement, installing guardrails and installing 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.
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