North America Transportation Infrastructure Construction Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

The North America Transportation Infrastructure Construction Market is segmented by Mode (Roadways, Railways, Marine, and Airways) and Country (United States, Canada, Mexico, and Rest of North America). The report offers market size and forecast for the North American transportation infrastructure construction market in value (USD billion) for all the above segments.

Market Snapshot

north america transportation infrastructure construction market
Study Period: 2018-2027
Base Year: 2021
CAGR: >5 %

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Market Overview

  • The North American transportation infrastructure construction market is expected to record a CAGR of more than 5% during the forecast period.
  • COVID-19 impacted the transportation sector. The impact is in direct and indirect ways, such as reduction in transit services, slowing down of construction works due to social distancing, and disrupted supply chain. However, the sector is recovering and focusing on developments.
  • Transportation infrastructure facilitates the movement of public and goods in the country. Furthermore, an increase in urban mobility creates demand for the construction of more transportation projects.
  • Roadways are one of the major means of transportation in North America, followed by railways. For instance, the US government has financed more than 300,000 miles (483,000 km) of transcontinental highways, including more than 40,000 miles (64,000 km) of limited-access multilane roads. Canada offers a coast-to-coast route, while Mexico’s highways link the countries.
  • The transportation infrastructure is driven by modernization, which involves reforming railways and improving and rebuilding roads, bridges, airports, etc. This factor resulted in uninterrupted transit and freight services directly contributing to the region’s economy.

Scope of the Report

The transportation infrastructure construction market includes a wide range of construction activities, including the reformation of the existing constructions, the building of new infrastructures, and the extension or demolition of projects. The North American transportation infrastructure construction market is segmented by mode (roadways, railways, marine, and airways) and country (United States, Canada, Mexico, and Rest of North America). The report offers market size and forecast in value (USD billion) for all the above segments.

By Mode
Roadways
Railways
Marine Transportation
Airways
By Country
United States
Canada
Mexico
Rest of North America

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Key Market Trends

Increasing Infrastructure Activities in the United States

  • Investments are being made to increase the transportation infrastructure activities and improve existing infrastructures, such as extending the roads and rails, planning new construction across the country, and improving damaged structures.
  • In 2021, the President of the United States signed Bipartisan Infrastructure Deal, which grants USD 550 billion for new federal investments in the country's infrastructure.
  • More than USD 110 billion is allocated to public transport infrastructure from this budget to improve the living standards of the public by providing access to safe, clean, and reliable transportation.
  • The increasing infrastructure activities include modernizing the public transportation services, delivering zero and low emissions buses, reforming the rail services (both passenger and freight), and initiating safety programs to cut down accidents and fatalities.
north america transportation infrastructure construction market trends

Increasing Investments in Road Infrastructure Construction

  • The construction of roadways is one of the main sectors of transportation infrastructure. Public transit using roadways generates more economy.
  • Mexico invested in 16 projects, accounting for nearly USD 4.6 billion. These projects include the construction of road infrastructure, highway projects, interchanges, etc.
  • Furthermore, in Mexico, the Cuapiaxtla-Cuacnopalan highway (worth USD 209 million) and the Altar-Sásabe highway (worth USD 230 million) were set to start in Q1 2021.
  • The Canadian government plans for a long-term investment in unspecified public transportation over ten years.
  • Moreover, the United States accounts for the highest rate of investments in road transportation construction and street project spending.
 north america transportation infrastructure construction industry

Competitive Landscape

The North American transportation infrastructure construction market is moderately consolidated, as most of the projects are owned by major players in the industry. Hence, small-scale players have less scope. Some of the major players include Obrascon Huarte Lain SA (Ohla), Kiewit Corporation, ACS Actvidades de Construcción y Servicios SA, VINCI Construction, Kraemer North America, and GLOBALVIA Inversiones SAU.

Recent Developments

  • August 2021: The Ministry of Transportation and Infrastructure announced a USD 837 million Trans-Canada highway widening project between Alberta and B.C. This project involves the construction of bridges and the widening of two lanes highways to four lanes, creating more than 1,200 direct jobs and 700 indirect jobs.
  • February 2021: The United States and Canada planned to invest in transport infrastructure development to offer pipeline projects in the pre-construction or construction stages in the next five years.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Dynamics

      1. 4.2.1 Drivers

      2. 4.2.2 Restraints

      3. 4.2.3 Opportunities

    3. 4.3 Government Regulations and Initiatives

    4. 4.4 Supply Chain/Value Chain Analysis

    5. 4.5 Porter's Five Forces Analysis

    6. 4.6 Technology Snapshot and Digital Trends

    7. 4.7 Modernization of the Transportation Infrastructure Sector

    8. 4.8 Impact of COVID-19 on the Market

    9. 4.9 Major Infrastructure Development Projects

  5. 5. MARKET SEGMENTATION (Market Size by Value)

    1. 5.1 By Mode

      1. 5.1.1 Roadways

      2. 5.1.2 Railways

      3. 5.1.3 Marine Transportation

      4. 5.1.4 Airways

    2. 5.2 By Country

      1. 5.2.1 United States

      2. 5.2.2 Canada

      3. 5.2.3 Mexico

      4. 5.2.4 Rest of North America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Overview (Market Concentration and Major Players)

    2. 6.2 Company Profiles

      1. 6.2.1 OBRASCON HUARTE LAIN SA (OHLA)

      2. 6.2.2 ACS, Actividades de Construccin y Servicios SA

      3. 6.2.3 Kiewit Corporation

      4. 6.2.4 Bechtel Corporation

      5. 6.2.5 CK Hutchison Holdings Limited

      6. 6.2.6 GLOBALVIA Inversiones SAU

      7. 6.2.7 VINCI Construction

      8. 6.2.8 Balfour Beatty

      9. 6.2.9 Kraemer North America

      10. 6.2.10 BOUYGUES CONSTRUCTION SA

      11. 6.2.11 L&T Construction

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. APPENDIX

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Frequently Asked Questions

The North America Transportation Infrastructure Construction Market market is studied from 2018 - 2027.

The North America Transportation Infrastructure Construction Market is growing at a CAGR of >5% over the next 5 years.

Kiewit Corporation,  VINCI Construction, Kraemer North America, OBRASCON HUARTE LAIN SA (OHLA), ACS, Actividades de Construcción y Servicios SA are the major companies operating in North America Transportation Infrastructure Construction Market.

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