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December 9, 2019

Transportation Infrastructure Market Forecast to Grow by 5 Percent in 2020

The U.S. transportation infrastructure market will grow by least 5 percent in 2020, according to the latest forecast by the American Road and Transportation Builders Association (ARTBA).

“The real market growth for 2020 is being fueled by increased transportation investments from federal, state and local governments,” said ARTBA Chief Economist Alison Premo Black, who authored the annual forecast.

U.S. transportation construction should reach $300.4 billion in 2020, up from $286.5 billion in 2019 (adjusted for project costs and inflation). Black forecasts that the real value of public highway and street construction by state transportation departments and local governments—the largest market sector—will increase by 6 percent to $77.5 billion, after growing by 15 percent in 2019.

Transportation construction market activity is expected to increase or flat in about half of the states, including Texas, California, Illinois, New York, Florida, North Carolina, Washington, Minnesota, Michigan, Arizona, and Wisconsin.

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