Bridging the gap: Governments may increasingly seek public-private partnerships for industry funding
Canadian bridge and elevated highway construction operators perform a range of construction activities, including the completion of new construction, alterations to existing infrastructure and maintenance and repair services. Most funding for industry projects comes from government sources, and industry performance can be tied to government spending, although other indicators, such as the health of the overall economy and subsequent demand for nonresidential construction, are also relevant. Industry performance has been volatile over the five years to 2023, with revenue falling as much as 14.5% in 2020 and rising 9.6% in 2021. Despite the subsequent growth, industry revenue fell at an estimated CAGR of 0.5% over the five years to 2023 to total $4.4 billion in 2023, when revenue is expected to jump 1.5%.
This industry consists of companies that primarily engage in the construction of bridges and elevated highways, including new work, reconstruction and repairs. This industry does not include road and highway construction activity.
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's key players and their market shares.
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