Railroad Track Construction in the US - Industry Market Research Report

On track: Projects at the local and state government level are expected to continue to increase demand for railroad track construction

Railroad track construction contractors construct railway track, ties and other infrastructure related to railroads. Through the end of 2023, the industry has benefited from increased government investment and public-private partnerships. Although initiated prior to the current period, capital outlays made by the federal government through programs such as the American Reinvestment & Recovery Act still benefited the industry. Also, railroad track construction contractors have benefited from an uptick in overall freight transportation activity. Railroad track construction revenue has been expanding at a CAGR of 3.0% over the past five years and is expected to total $11.6 billion in 2023, when revenue will likely jump an estimated 1.6%. Despite enhanced performance, profit will decline due to rising wage costs. This industry constructs railway track, railway ties, bedding and other infrastructure related to railroads. Contractors perform new work, reconstruction and repairs. This industry also includes construction management companies and special trade contractors that construct rail track and transit systems. 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.