Tunnelling through: A strong project pipeline supports continued growth for the industry

The Bridge and Tunnel Construction industry plays a vital role in ensuring road and rail networks reach every area of the United Kingdom and are maintained properly. The road system is predominantly funded by the public sector through Highways England and local authorities in England, and comparable agencies in Scotland, Wales and Northern Ireland. The UK rail infrastructure network is predominantly managed by state-associated agencies, notably Network Rail and Transport for London, so the contracts that industry operators work on are often bankrolled by public bodies. Apart from transport infrastructure, contractors also work on projects for water and sewerage companies, energy companies and, in some instances, commercial or industrial market clients...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Public investment in a number of high-value projects have supported industry demand
  • Several major tunnel infrastructure projects have supported the industry’s steady expansion
  • Government investment in rail and road infrastructure is expected to remain strong, supporting demand
  • Industry Report - Industry Key Buyers Chapter

    The Bridge and Tunnel Construction industry has a low level of market share concentration. The four largest bridge and tunnel construction contractors in the United Kingdom – Balfour Beatty Group, Costain, Bechtel and Morgan Sindall Group – are estimated to have collectively accounted for 18.4% of industry revenue in 2018. A small group of companies in the industry have the operational scope to deliver large-scale framework contracts. The complexity of many new bridge and tunnel infrastructure developments such as the Lee Tunnel, Crossrail and High Speed 2 command specialist activities, an aptitude for technical engineering and extensive resources; only a handful of companies are able to compete for tender on such contracts. It ...purchase to read more.

    Additional Insights for the Bridge & Tunnel Construction Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Bridge & Tunnel Construction Industry are

  • Ability to compete on tender
  • Ensuring pricing policy is appropriate
  • Ability to effectively communicate and negotiate
  • IBISWorld analysts also discuss how external factors such as Government capital expenditure and Demand from railway and underground railway construction in the Bridge & Tunnel Construction industry impact industry performance..

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    What's in this report

    What is the Bridge & Tunnel Construction Industry?

    This industry covers contractors that construct bridges, tunnels and flyovers used in road and railway transport or for other specific applications such as water distribution. Repairs, additions and maintenance on existing infrastructure are also included. Discrete operations such as site surveillance can be subcontracted out.

    Industry Products
  • Tunnel construction
  • Bridge maintenance
  • Tunnel maintenance
  • Bridge construction
  • Industry Activities
  • Road bridge and tunnel construction, repair and maintenance
  • Railway tunnel construction, repair and maintenance
  • Pedestrian bridge construction, repair and maintenance
  • Construction, repair and maintenance of flyovers
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Government capital expenditure
  • Demand from railway and underground railway construction
  • Real gross fixed investment
  • Demand from road and motorway construction

  • Current Performance
  • Investment trends
  • Profit performance
  • Tunnelling activity
  • Repair and maintenance
  • Chart: Revenue Growth

  • Industry Outlook
  • In the pipeline
  • Landmark developments
  • EIB funding
  • Table: Bridge & Tunnel Construction Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Bridge & Tunnel Construction Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Intercity Passenger Rail Transport
  • Urban Passenger Rail Operations

  • Key Selling Industries
  • Concrete Construction Product Manufacturing
  • Construction Supplies Wholesaling
  • Mining, Construction & Civil Engineering Machinery Wholesaling
  • Ready-Mixed Concrete Manufacturing

  • Products & Services
  • Tunnel construction
  • Bridge maintenance
  • Tunnel maintenance
  • Bridge construction
  • Chart: Bridge & Tunnel Construction Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Rail transport
  • Road transport
  • Utility companies
  • Chart: Major Market Segmentation for the Bridge & Tunnel Construction Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Subcontractors
  • Wages
  • Deprecation and equipment rent
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Bridge & Tunnel Construction

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Bridge & Tunnel Construction Industry

  • Industry Globalization
    Balfour Beatty Group Limited, Costain Ltd,
  • Table: Balfour Beatty Group Limited - financial performance
  • Table: Costain Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Bridge & Tunnel Construction Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Bridge & Tunnel Construction Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A bridge, road or railway that crosses over another road or railway.
  • Trunk Road
  • A major road, typically connecting two or more cities, ports or airports, favoured for carrying long-distance and freight traffic.
  • Turnkey Contract
  • A contract where the developer has complete control over the construction process and only sells the project completed.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Bridge & Tunnel Construction market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Bridge & Tunnel Construction:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Bridge & Tunnel Construction market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Bridge & Tunnel Construction, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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