Heavy Engineering Construction in the US - Industry Market Research Report

Under construction: As crude oil prices regress and federal funding and state investments remain steady, industry revenue will likely grow

The Heavy Engineering Construction industry is composed of projects such as constructing oceanic navigational channels, beach dredging, mass transit support construction, tunnels, hydroelectric power plants and conservation development. Most projects are carried out by state and local governments independently or in conjunction with the federal government. Revenue tracks most closely with movements in public funding. Over the past five years, heavy engineering construction revenue decreased at a CAGR of 4.0% to reach $27.0 billion, which includes stagnation in 2023 as interest rates bloom.

Operators in this industry are primarily engaged in heavy and engineering construction projects, with the exception of highway, street, bridge and airport construction. Work performed includes new work, reconstruction, rehabilitation and repairs. The industry also includes specialty trade contractors, if they are primarily active in activities related to engineering construction projects. Construction projects include waterworks, marine facilities development and open space improvement.

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.