Business Monitor International


United States Infrastructure Report

Published 02 April 2014

  • 133 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
United States Infrastructure Report

BMI View: In line with our long held view that the residential construction sector would drive the recovery in the US construction industry, we believe 2014 will see another positive year for growth in the sector. Real industry value is expected to expand by 1. 8 %, driven primarily by a 2.0 % expansion in residential and non-residential building. However, over the medium term, the recovery will naturally slow, and whil e we expect an expansion in infrastructure industry value, following a steep contraction in 2013, upside potential is yet to be completely factored in, and therefore we currently e xpect construction industry real growth rates to slow over 2015-2023, averaging 0.5% y-o-y.

Key Developments

  • The residential construction sector continues to expand. As expected, data has been and will continue to be mixed. However, overall the trend is for continued recovery in the sector. Housing starts, homebuilder confidence and permits are all trending higher, although starts have struggled to sustain levels above the 1mn mark. While the sector has come a long way since 2011, there is considerable room for further expansion. Housing starts remain considerably below the peak of 2,273,000 in January 2006 and we are beginning to see a decline in sales inventory of existing homes, indicating demand and supply are being rebalanced. Consequently, we forecast residential construction to continue to positively contribute to the overall construction industry value.

  • Power and transmission infrastructure industry value will stabilise in 2014, following a steep drop in investment in 2013 resulting from the expiration of broad based tax incentives for renewable projects. We see some potential for value creation over the medium term from retrofitting and safety upgrades to nuclear power plants, as well as major transmission projects to hook up new renewable supply. However, much will depend on new legislation guiding existing coal-fired power plants, due in...

Table of Contents

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Construction And Infrastructure Industry Data
10
Table: Construction And Infrastructure Industry Data
11
Transport Infrastructure - Outlook And Overview
18
Table: US Transport Infrastructure Industry Data, 2011-2016
18
Table: US Transport Infrastructure Long Term Forecast, 2017 - 2022
19
Table: Selection Of US Road PPPs
23
Table: High-Speed Rail Funding Awards
27
Table: Faa Pilot Privatisation Program, Application And Status
28
Table: Major Projects - Transport
30
Energy And Utilities Infrastructure - Outlook And Overview
48
Table: US Energy and Utilities Infrastructure Industry Data, 2011-2016
48
Table: US Energy and Utilities Infrastructure Industry Data, 2017-2022
50
Table: Renewables Targets By State - US States With Renewable Power Targets
52
Table: Major Projects - Energy and Utilities
58
Residential
Residential
Table: Residential
Table: Residential
Table: Residential
Table: Residential
Table: Major Projects - Construction And Social Infrastructure
81
Industry Risk Reward Ratings
86
United States - Infrastructure Risk
United States - Infrastructure Risk
United States Risks
United States Risks
Western Europe And North America - Infrastructure Risk
Western Europe And North America - Infrastructure Risk
Table: Developed States Infrastructure Risk
Table: Developed States Infrastructure Risk
Market Overview
95
Competitive Landscape
95
Table: Key Players - Financial Data
97
Company Profile
99
Skanska
99
Table: Skanska USA Contract Awards 2012
101
Table: Skanska US Units, H1 2013 And 2012 Annual Financial Data
103
Global Infrastructure Partners
105
Table: GIP Assets
109
Bechtel
110
Table: Bechtel Financial Data, US$bn
116
Global Infrastructure Overview
117
Global Industry Overview
117
Table: Latin America PPP Round-Up
121
Methodology
126
Industry Forecast Methodology
126
Sector-Specific Methodology
127
Risk
Risk
Sector-Specific Methodology
132
Table: Infrastructure Risk
Table: Infrastructure Risk
Table: Weighting Of Indicators
133

The United States Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's United States Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the American infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for United States to test other views - a key input for successful budgetary and planning in the American infrastructure market.
  • Target business opportunities and risks in the American infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in United States.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant multinational and national company developments.

These are broken down into Construction (social, commercial and residential), Transport (roads, railways, ports, airports etc), and Energy & Utilities (powerplants, renewable projects, pipelines and so on).

Industry Trends

Analysis of latest projects across the infrastructure sector (covering the transport, utilities and commercial construction sub-sectors) - including:

Market Overview:Analysis of the key elements driving developments, including evaluations of current capacity and future requirements.

Building Materials Overview

The building materials overview provides industry trend analysis on the global and regional demands for building materials and the impact of this on the emerging and developed markets.

Business Environment Ratings

BMI's Infrastructure Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors (construction companies, suppliers and partners) in the regional infrastructure market.

The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data point.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry & Economic Forecasts

Historic data series (2008-2012) and forecasts to end-2018 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key risks to the main forecast. Indicators include:

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%).

Infrastructure: Value (US$bn); contribution to construction industry (%); real growth (%) of transport infrastructure (broken down by railways, airports, roads and bridges, ports and harbours) and energy and utilities (broken down by power plants and transmission grids, oil and gas pipelines, and water infrastructure).

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc