The construction of motorways and trunk roads influences the UK economy because it makes the journeys commuters and freight distributors undertake safer and more efficient. The Road and Motorway Construction industry is expected to grow at a compound annual rate of 5.2% over the five years through 2015-16 to reach £6.6 billion, including growth of 2% in the current year. The industry is primarily funded by the government, which mainly distributes money through appointed road agencies and local authorities. The economic downturn and high levels of public debt forced a decline in public investment in road infrastructure as the government desperately tried to rein in debt.
Industry contractors build, repair and alter motorways, roads, runways and other vehicular and pedestrian routes. The work can be carried out on the operator’s own account or on a fee or contract basis.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.