NEW YORK, Aug. 3, 2015 /PRNewswire/ -- Operators in the Heavy Engineering Construction industry are engaged in new and existing work for large construction projects, excluding highway, street and bridge construction. Over the past five years, the industry has experienced growth due to a number of government-administered infrastructure grants and initiatives. Additionally, recovery in corporate profit has expanded private-sector involvement in infrastructure building. In the coming years, the industry is expected to continue relying on the private sector, as the federal government pursues greater fiscal responsibility and attempts to restructure its infrastructure funding. Additionally, corporate profit is expected to consistently expand, translating into greater private investment and involvement in construction.
Operators in this industry are primarily engaged in heavy and engineering construction projects, with the exception of highway, street and bridge construction. Work performed includes new work, reconstruction, rehabilitation and repairs. The industry also includes specialty trade contractors, if they are primarily active in activities related to engineering construction projects. Construction projects include water resources, development of marine facilities and open space improvement.
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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