NAICS 23731 - Highway, Street, and Bridge Construction
This industry comprises establishments primarily engaged in the construction of highways (including elevated), streets, roads, airport runways, public sidewalks, or bridges. The work performed may include new work, reconstruction, rehabilitation, and repairs. Specialty trade contractors are included in this group if they are engaged in activities primarily related to highway, street, and bridge construction (e.g., installing guardrails on highways).
Industry trends:
The Highway, Street, and Bridge Construction industry (NAICS 23731) is currently experiencing several key qualitative trends. One notable trend is the increasing adoption of sustainable and green construction practices. As governments and municipalities focus on reducing environmental impacts, construction companies are incorporating eco-friendly materials and energy-efficient designs. This is expected to become standard practice over the next few years, driven by stricter regulations and public demand for sustainability.
Technological advancements are also playing a significant role, with the integration of Building Information Modeling (BIM) and automation technology becoming more widespread. These technologies are improving efficiency, accuracy, and project management, which in turn helps to reduce costs and project timelines. This trend is likely to continue as innovation in construction technology progresses.
Another emerging trend is the rise of public-private partnerships (PPPs) to fund large infrastructure projects. With government budgets strained, these collaborations are seen as a viable solution to meet the growing demand for infrastructure development and maintenance. This model is expected to gain more traction in the near future.
Finally, there is a growing emphasis on resilience and climate adaptation in infrastructure projects. As climate change leads to more extreme weather events, the industry is increasingly focusing on establishing robust, long-lasting structures that can withstand these conditions. Investment in resilient infrastructure is anticipated to increase significantly in the coming years.
This industry is comprised of:
Abutment construction
Airport runway construction
Airport runway line painting (e.g., striping)
Asphalt paving (i.e., highway, road, street, public sidewalk)
Bridge approach construction
Bridge construction
Bridge decking construction
Causeway construction
Concrete paving (i.e., highway, road, street, public sidewalk)
Construction management, highway, road, street and bridge
Culverts, highway, road and street, construction
Curbs and street gutters, highway, road and street, construction
Elevated highway construction
Grading, highway, road, street and airport runway
Guardrail construction
Highway construction
Highway line painting
Logging road construction
Oil field road construction
Overpass construction
Painting lines on highways, streets and bridges
Painting traffic lanes or parking lots
Parking lot marking and line painting
Parkway construction
Pavement, highway, road, street, bridge or airport runway, construction
Pothole filling, highway, road, street or bridge
Repair, highway, road, street, bridge or airport runway
Resurfacing, highway, road, street, bridge or airport runway
Road construction
Runway, airport, line painting (e.g., striping)
Sidewalk, public, construction
Sign erection, highway, roads street or bridge
Street construction
Surfacing, highway, road, street, bridge or airport runway
Tarring roads
Traffic lane painting
Trestle construction
Underpass construction
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.