Business Monitor International


United States Infrastructure Report

Published 24 October 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:   We have upgraded our 2014 and 2015 outlook for US construction sector growth to 3.0% and 1.5% respectively , but maintain our view the recovery will trend lower as the residential construction industry normalises. The potential for any major ramp - up in infrastructure investment remains unlikely in the current political climate, but any improvement here would present upside to our five - year growth outlook.

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 and we have upgraded our 2014 growth rate based in part on continued strength in housing construction. 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, a new fleet of natural gas power plants as old coal plants are retired, as well as major transmission projects to hook up new renewable supply. However, much will depend on the longer-term ability to implement new legislation guiding existing coal-fired power plants, announced in June 2014, which indicates a significant portion of existing...

Table of Contents

BMI Industry View
7
SWOT
9
Industry Forecast
11
Construction And Infrastructure Forecast Scenario
11
Table: US Construction And Infrastructure Industry Data, 2011-2016
11
Table: US Construction And Infrastructure Long Term Forecasts, 2017-2022
12
Transport Infrastructure - Outlook And Overview
20
Table: US Transport Infrastructure Industry Data, 2011 - 2017
20
Table: US Transport Infrastructure Long Term Forecast, 2017 - 2022
22
Table: Selection Of US Road PPPs
27
Table: High-Speed Rail Funding Awards
30
Major Projects Table - Transport
31
Table: Major Projects - Transport
31
Energy And Utilities - Outlook And Overview
47
Table: US Energy and Utilities Infrastructure Industry Data, 2011 - 2016
47
Table: US Energy and Utilities Infrastructure Industry Data, 2017 - 2022
49
Energy And Utilities Infrastructure Outlook And Overview
50
Table: Renewables Targets By State - US States With Renewable Power Targets
52
Major Projects - Energy And Utilities
57
Table: Major Projects - Energy and Utilities
57
Residential and Non-Residential Building - Outlook and Overview
72
Table: US Residential and Non-Residential Building Industry Data, 2011-2016
72
Table: US Residential and Non-Residential Building Forecasts, 2017-2022
73
Table: Residential, Non-Residential and Social Infrastructure Projects
77
Industry Risk Reward Ratings
80
United States Risks/Reward Ratings
80
Developed States Regional Industry Risk/Reward Ratings
81
Europe: Macroeconomic Woes Remain Ongoing
82
Greece: Situation Improving
83
US: Recovery On Track
84
Australia: Downgrade Potential Growing
85
Canada: Plenty Rewards To Realise
86
Japan: Short-Term Surge Panning Out Slowly
86
Table: Developed States Infrastructure Risk Reward Ratings
87
Market Overview
88
Competitive Landscape
88
Table: Table: EQS Data
90
Company Profile
92
Skanska
92
Table: Skanska USA Contract Awards 2012
94
Table: Skanska US Units, 2012 Annual Financial Data
95
Global Infrastructure Partners
97
Table: GIP Assets
98
Bechtel
102
Table: Bechtel Financial Data, US$bn
107
Global Industry Overview
108
Europe, Middle East, Africa
108
Dubai Confidence Up, Mega-Spending Status Quo In The Region
109
Low Yields Push Capital Further Into Infrastructure
110
Turkey Shines As South Africa and Poland Struggle To Recover
112
Natural Resource Boom Drives SSA Infrastructure Investment
113
Latin America
115
Table: Planned Elections: Latin America 2013
121
Asia
123
Methodology
131
Data Methodology
131
Construction
132
Capital Investment
134
Table: Infrastructure Business Environment Indicators
135

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 Rankings

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

The rankings 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