Bridge & Elevated Highway Construction in the US - Industry Market Research Report

Bridge & Elevated Highway Construction in the US - Industry Market Research Report

Bridge & Elevated Highway Construction in the US

Private contractors in the bridge and elevated highway construction industry maintain and improve existing structures while taking on new projects. The government largely funds these contractors in public-private partnerships, in which the private contractor takes over the construction, financing and management of the project in exchange for a fee and the right to collect revenue generated by the asset. The current administration has recently increased funding for infrastructure improvements through various bills. Still, local and state governments control most of the bridge and elevated highway projects. As local and state government investment has declined recently, contractors have had fewer opportunities and profit has been pressured. COVID-19 also had a hand in putting construction behind schedule, as the global emergency forced the government to redirect funds away from bridge and elevated highway construction, especially considering that travel was severely limited. Overall, revenue has fallen at a CAGR of 0.2% to $15.8 billion over the past five years, despite an increase of 2.1% in 2023 alone.

This industry comprises companies that primarily engage in the construction of bridges and elevated highways. These types of projects include new work, reconstruction and repairs. This industry does not include road and highway construction activity.

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.