$15.7bn
$XXX.Xm
27,760
1,414
$X.Xbn
Bridge and elevated highway contractors have faced modest declines over the current period. As local and state government investment has fallen recently, contractors have had fewer opportunities, pressuring profit. 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 stay-at-home orders severely limited travel. Overall, revenue has been falling at a CAGR of 0.3% over the past five years to total an estimated $15.7 in 2024, despite an increase of 2.6% in 2024 alone.
Industry revenue has declined at a CAGR of 0.3 % over the past five years, to reach an estimated $15.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
SKANSKA USA Inc. | 1,230.8 | 49.2 | 4.0 | |
Kiewit Corporation | 525.5 | 22.2 | 4.2 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Bridge and elevated highway construction, Alterations and additions and Maintenance and repair projects. Bridge and elevated highway construction is the largest segment of the Bridge & Elevated Highway Construction in the US.
New bridge and highway construction remains low on the government's list of priorities
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.
Purchase this report to view all 2 major companies in this industry.
NAICS 237310 - Bridge & Elevated Highway Construction in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Contractors have endured modest declines. The outbreak of COVID-19 redirected construction funds to pandemic relief programs. Federal funding for infrastructure ramping up of...
Learn about an industry's products and services, markets and trends in international trade.
Additions and alterations are necessary to account for modern traffic. With the population growing and the United States still lacking sufficient alternative modes of transpo...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Older bridges require more attention. Major cities wouldn’t be able to function without some of these bridges, but they need constant maintenance to account for the heavy use...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Competition for government contracts rides on price. The government always gives contracts to the lowest bidder, inducing price-based competition among contractors.
Learn about the performance of the top companies in the industry.
Companies are spread out across the country. Concentration is low as local governments seek companies that specialize in specific areas, as they can provide the most efficien...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Government investment at the federal, state and local levels drives success. The government is the source of most projects, meaning the funding available for bridge and eleva...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit is held low by government funding. Limited funding for infrastructure leads the government to choose the least expensive option, keeping profit steady and relatively l...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Bridge & Elevated Highway Construction in the US industry in United States is $15.7bn in 2024.
There are 1,414 businesses in the Bridge & Elevated Highway Construction in the US industry in United States, which has grown at a CAGR of 0.4 % between 2019 and 2024.
The market size of the Bridge & Elevated Highway Construction in the US industry in United States has been declining at a CAGR of 0.3 % between 2019 and 2024.
Over the next five years, the Bridge & Elevated Highway Construction in the US industry in United States is expected to grow.
The biggest companies operating in the Bridge & Elevated Highway Construction market in United States are SKANSKA USA Inc. and Kiewit Corporation
Bridge and elevated highway construction and Bridge and elevated highway alterations and additions are part of the Bridge & Elevated Highway Construction in the US industry.
The company holding the most market share in United States is SKANSKA USA Inc..
The level of competition is high and steady in the Bridge & Elevated Highway Construction in the US industry in United States.