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

NEW YORK, Sept. 12, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

The U.S. Road, Bridge & Tunnel Construction Market
http://www.reportlinker.com/p01053077/The-US-Road-Bridge--Tunnel-Construction-Market.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Building_and_Engineering

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 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.

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

 

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

To order this report: The U.S. Road, Bridge & Tunnel Construction Market
http://www.reportlinker.com/p01053077/The-US-Road-Bridge--Tunnel-Construction-Market.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Building_and_Engineering

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