Highway, Street & Bridge Construction Contractors Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 6/10/2024
SIC Codes: 1611, 1622, 8741
NAICS Codes: 2373
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Highway, Street & Bridge Construction Contractors Industry Profile

Companies in this industry construct highways, streets, roads, airport runways, sidewalks, and bridges. Major companies include AECOM, Bechtel, Granite Construction, and Kiewit (all based in the US), as well as Bouygues Construction and VINCI (both based in France), China Communications Construction Company (China), and Webuild (Italy).

Other than the US, China, India, and Mexico are among the countries with the largest roadway systems, according to Visual Capitalist. As economies grow in these countries, highway systems and related infrastructure also will expand. China, for example, spend about $13.9 billion though investments and $45.6 billion through contracts, according to GreenFDC.

The US highway, street, and bridge construction industry includes about 10,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $130 billion.


Demand is largely driven by the availability of government road building funds, population growth, and the need to replace or repair aging infrastructure. The profitability of individual companies depends on operating efficiencies and the ability to correctly estimate costs. Big companies have the resources and engineering skills necessary for large construction jobs. Small companies can compete effectively by bidding for smaller projects or by working as subcontractors on large projects. The US industry is highly fragmented, with the top 50 companies accounting for about 30% of industry's revenues.


Highway, street, and related work construction, accounts for about 40%, followed by construction services for maintenance and repair, and ...

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