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Australia Construction Market Size, Trends and Forecasts by State, Territory and Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

Publisher GlobalData
Published Mar 02, 2022
Length 81 Pages
SKU # GBDT17101443

Description

Australia Construction Market Size, Trends and Forecasts by State, Territory and Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

Summary

GlobalData has revised upwards its growth projection for the Australian construction industry in 2021, with the industry now expected to have expanded by 2.2% in real terms last year - up from its previous forecast of a 1.8% growth. This upward revision is due to the better-than-expected growth in the Victorian construction industry, despite the tightened restrictions and workforce capacity constraints witnessed in the state in Q3 2021 amid the outbreak of the Delta variant of the Coronavirus (COVID-19) pandemic. According to the Australian Bureau of Statistics (ABS), the total value of construction work done in Australia rose by 3.6% year on year (YoY) in Q3 2021, supported by an improvement in both civil engineering activities (4.3% YoY) and building construction works (3.2% YoY). Cumulatively, value rose by 1.5% YoY in the first three quarters of 2021.

The industry is expected to expand by 4.7% this year, surpassing its pre-pandemic output levels. Australian construction output in 2022 will be supported in part by expenditure, which was delayed during the second half of last year, due to lockdown restrictions. Encouraging growth in leading indicators lends further support to the industry’s positive outlook, with building permits recording double-digit growth through the first nine months of 2021. According to the ABS, the total value of buildings approved in the country rose by 24.5% YoY in the first three quarters of last year, supported by a rise in both residential and non-residential building permits. The Australian construction industry is expected to register an annual average growth of 3% from 2023 to 2026, supported by investments on housing, transport, renewable energy, mining and Liquefied Natural Gas (LNG) projects.

As part of its fiscal year (FY) 2021/2022 (July 2021-June 2022) Budget, released in May 2021, the Australian government announced an additional investment of AUD15.2 billion ($11.8 billion) on infrastructure works over the next 10 years. This increase brings the Australian government’s 10-year infrastructure pipeline to a total investment of AUD110 billion ($74.7 billion). To continue supporting jobs and the economic recovery, the federal government announced an additional funding of AUD2.3 billion ($1.8 billion) for new and existing infrastructure projects through the FY2021/2022 Mid-Year Economic and Fiscal Outlook (MYEFO) released in December 2021.

This report provides detailed market analysis, information and insights into the Australian construction industry, including -
  • The Australian construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Australian construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope

This report provides a comprehensive analysis of the construction industry in Australia. It provides -
  • Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Australia, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
  • Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

81 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
Outlook
Latest news and developments
Construction Projects Momentum Index
4.2 Commercial Construction
Outlook
Project analytics
Latest news and developments
4.3 Industrial Construction
Outlook
Project analytics
Latest news and developments
4.4 Infrastructure Construction
Outlook
Project analytics
Latest news and developments
4.5 Energy and Utilities Construction
Outlook
Project analytics
Latest news and developments
4.6 Institutional Construction
Outlook
Project analytics
Latest news and developments
4.7 Residential Construction
Outlook
Project analytics
Latest news and developments
5 Construction Outlook - States and Territories
5.1 New South Wales
5.2 Victoria
5.3 Queensland
5.4 South Australia
5.5 Western Australia
5.6 Tasmania
5.7 Northern Territory
5.8 Australian Capital Territory
6 Construction Market Data
7 Key Industry Participants
7.1 Contractors
7.2 Consultants
8 Appendix
8.1 What is this Report About?
8.2 Definitions
8.3 CRI Methodology
8.4 GlobalData Construction
Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: Australia, Key Economic Indicators
Table 3: Australia, Commercial Construction Output by Project Type (Real % Change), 2017-2026
Table 4: Australia, Top Commercial Construction Projects by Value
Table 5: Australia, Industrial Construction Output by Project Type (Real % Change), 2017-2026
Table 6: Australia, Top Industrial Construction Projects by Value
Table 7: Australia, Infrastructure Construction Output by Project Type (Real % Change), 2017-2026
Table 8: Australia, Top Infrastructure Construction Projects by Value
Table 9: Australia, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-2026
Table 10: Australia, Top Energy and Utilities Construction Projects by Value
Table 11: Australia, Institutional Construction Output by Project Type (Real % Change), 2017-2026
Table 12: Australia, Top Institutional Construction Projects by Value
Table 13: Australia, Residential Construction Output by Project Type (Real % Change), 2017-2026
Table 14: Australia, Top Residential Construction Projects by Value
Table 15: Australia, Construction Output Value (Real, $ Million)
Table 16: Australia, Construction Output Value (Nominal, AUD Million)
Table 17: New South Wales, Construction Output Value (Real, $ Million)
Table 18: New South Wales, Construction Output Value (Nominal, AUD Million)
Table 19: Victoria, Construction Output Value (Real, $ Million)
Table 20: Victoria, Construction Output Value (Nominal, AUD Million)
Table 21: Queensland, Construction Output Value (Real, $ Million)
Table 22: Queensland, Construction Output Value (Nominal, AUD Million)
Table 23: South Australia, Construction Output Value (Real, $ Million)
Table 24: South Australia, Construction Output Value (Nominal, AUD Million)
Table 25: Western Australia, Construction Output Value (Real, $ Million)
Table 26: Western Australia, Construction Output Value (Nominal, AUD Million)
Table 27: Tasmania, Construction Output Value (Real, $ Million)
Table 28: Tasmania, Construction Output Value (Nominal, AUD Million)
Table 29: Northern Territory, Construction Output Value (Real, $ Million)
Table 30: Northern Territory, Construction Output Value (Nominal, AUD Million)
Table 31: Australian Capital Territory, Construction Output Value (Real, $ Million)
Table 32: Australian Capital Territory, Construction Output Value (Nominal, AUD Million)
Table 33: Australia, Key Contractors
Table 34: Australia, Key Consultants
Table 35: GlobalData Construction Market Definitions
Table 36: Risk Dimensions
Table 37: Ratings, Scores and Definitions
List of Figures
Figure 1: Australasia, Construction Output (Real % Change), 2020-2026
Figure 2: Australia, Construction Output by Sector (Real % Change), 2020-2022 and 2023-2026
Figure 3: Australia, COVID-19 Confirmed Cases
Figure 4: Australia, Risk Summary
Figure 5: Australia, Risk Regional Comparison
Figure 6: Australia, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-2026
Figure 7: Australia, Construction Output Value, by Sector (Real, $ Million), 2017-2026
Figure 8: Australia, Total Value of Construction Work Done, In AUD Billion
Figure 9: Australia, Total Value of Building Construction Works Done, % Change YoY
Figure 10: Australia, Private Gross Fixed Capital Formation, Seasonally Adjusted Chain Volume Measures, in AUD Billion, % Change YoY
Figure 11: Australia, Total Value of Buildings Approved (Seasonally-Adjusted Terms, % Change YoY)
Figure 12: Australia, Construction Projects Momentum Index
Figure 13: Australia, Construction Projects Momentum Index
Figure 14: Australia, Commercial Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 15: Australia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Australia, Value of Commercial Buildings Approved, % Change YoY
Figure 17: Australia, Short-Term Visitor Arrivals (in Thousands)
Figure 18: Australia, Tourism Sector Jobs, in Thousands
Figure 19: Australia, Retail Trade Turnover (in AUD Billion), Seasonally Adjusted
Figure 20: Australia, Industrial Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 21: Australia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Australia, Total Value of Buildings Approved for Factories and Other Secondary Production Buildings, in AUD Million
Figure 23: Australia, Total Value of Mineral Exploration (in AUD Million)
Figure 24: Australia, Performance of Manufacturing Index (PMI), Seasonally Adjusted
Figure 25: Australia, Total Exports (in AUD Billion)
Figure 26: Australia, New Vehicle Sales
Figure 27: Australia, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 28: Australia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Australia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 30: Australia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: Australia, Total Value of Petroleum Exploration (in AUD Million)
Figure 32: Australia, Total Value of Natural Gas Exports (in AUD Million), % Change YoY
Figure 33: Australia, Institutional Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 34: Australia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 35: Australia, Value of Buildings Approved for Education, Health and Religious Purpose, in AUD Billion
Figure 36: Australia, Residential Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 37: Australia, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 38: Australia, Total Value of Residential Building Construction Work Completed, In AUD Billion
Figure 39: Australia, Total Number of Dwelling Units Approved
Figure 40: Australia, Number and Value of Owner Occupier First Home Buyer Loan Commitments (Seasonally Adjusted, % Change YoY)
Figure 41: Australia, Weighted Average Residential Property Price Index (Seasonally Adjusted, % Change YoY)
Figure 42: Australia, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 43: Australia, Headquarters of Key Consultants (% of Total Project Pipeline)

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