IBISWorld, a publisher of industry research, has added the Road & Highway Services market research report to its collection.
The Road and Highway Services industry provides construction solutions for transportation infrastructure projects. It generates revenue as trade subcontractors to construction contractors and road authorities on road construction and maintenance. IBISWorld is expecting that from 2007 to 2012, the total industry revenue will increase at an annual rate of 2.4% to $15.9 billion. Although the Great Recession has delivered a heavy toll on nearly every construction industry in the US, federal stimulus investment in structure improvement under the 2009 American Recovery and Reconstruction Act has backed the construction industry through this troubled time. However, revenue is expected to plunge by 1.9% in 2012.
IBISWorld has predicated that revenue will increase from 2013 to 2017. From 2013 onwards, the Road & Highway Services industry plans to return to modest growth after a new transportation bill gets signed. Overall, private sector development, transportation funding from local and state governments and consumer spending are predicated to boost the performance of the industry.
The new market research report provides key industry analysis and statistics, analyzes present and future industry trends, measures market size and reveals market share for the largest companies in the industry. Establishments in the Road & Highway Services industry are subcontracted to provide construction services for street and highway construction projects, including highway grading, installing street signage, installing guardrails and line marking.
Important members in the Road & Highway Services industry include CRH plc, Granite Construction Inc. and Holcim Inc.
Source: http://www.ibisworld.com