$12.1bn
$XXX.Xm
17,233
3,268
$X.Xbn
Despite continued robust private investment and federal funding, economic uncertainty subdued overall growth. However, an upswing in consumer sentiment towards the latter part of this period fueled a recovery in construction activity. Technological innovation played a pivotal role, with advancements like the GPS Ballast trains and rail unloading machinery reducing labor needs and enhancing efficiency. The essential nature of railroad construction to the economy ensured that the sector remained operational even amid global shutdowns, supported by significant public funding for transportation. Revenue has been increasing at a CAGR of 1.6% over the past five years, and is expected to reach $12.1 billion in 2024.
Industry revenue has grown at a CAGR of 1.6 % over the past five years, to reach an estimated $12.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
SKANSKA USA Inc. | 1,558.4 | 84.7 | 5.4 | |
Kiewit Corporation | 1,467.1 | 79.8 | 5.4 | |
The Walsh Group Ltd. | 1,256.1 | 68.3 | 5.4 |
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Industry revenue is measured across several distinct product and services lines, including New track construction, Track additions and Track maintenance. New track construction is the largest segment of the Railroad Track Construction in the US.
Private and public investment into railroad expansion projects boosts new track construction
This industry constructs railway tracks, railway ties, bedding and other infrastructure related to railroads. Contractors perform new work, reconstruction and repairs. This industry also includes construction management companies and special trade contractors that construct rail track and transit systems.
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NAICS 23799 - Railroad Track 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.
Technological innovation is driving productivity and lowering labor requirements. Introducing GPS ballast trains and smart systems is improving efficiency in Railroad Track C...
Learn about an industry's products and services, markets and trends in international trade.
Private and public investment in railroad expansion is driving significant growth in new track construction. The growth is fueled by funding from transportation grants and su...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast region is a crucial hub for transportation and logistics in the US. It connects significant ports along the Atlantic Coast and the Gulf of Mexico, facilitating ...
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.
Increased federal funding is reducing industry concentration. The influx of capital allows smaller establishments to secure more contracts, thereby decreasing the dominance o...
Learn about the performance of the top companies in the industry.
Of the major players, only Skanska USA Inc. is a foreign-based operation. The company is involved in several construction railway and road construction industries.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Federal Employers Liability Act (FELA) compensates railroad workers who are injured. The industry also has several other regulations regarding track safety standards, wor...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The volatility in the commodity markets is pressuring the profit margins of Railroad Track Construction contractors. Soaring steel prices have led to elevated purchase costs....
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Railroad Track Construction in the US industry in United States is $12.1bn in 2024.
There are 3,268 businesses in the Railroad Track Construction in the US industry in United States, which has declined at a CAGR of 0.5 % between 2019 and 2024.
The market size of the Railroad Track Construction in the US industry in United States has been growing at a CAGR of 1.6 % between 2019 and 2024.
Over the next five years, the Railroad Track Construction in the US industry in United States is expected to grow.
The biggest companies operating in the Railroad Track Construction market in United States are SKANSKA USA Inc., Kiewit Corporation and The Walsh Group Ltd.
New railroad track construction and Railroad track repair are part of the Railroad Track Construction in the US industry.
The company holding the most market share in United States is SKANSKA USA Inc..
The level of competition is moderate and increasing in the Railroad Track Construction in the US industry in United States.