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Australia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q4 2024)

Publisher GlobalData
Published Dec 31, 2024
Length 78 Pages
SKU # GBDT19550596

Description

Australia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q4 2024)

Summary

GlobalData’s Construction in Australia - Key Trends and Opportunities by State and Territory to 2028 (Q4 2024) 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
GlobalData estimates that growth in the Australian construction industry will slow from 9.1% in real terms in 2023 to 2.6% in 2024, driven by persistent weakness in the residential sector, along with elevated interest rates, material supply constraints, and high construction costs. According to the Australian Bureau of Statistics (ABS), the total number of housing units whose construction has been completed fell by 1.8% year-on-year (YoY) in the first six months of 2024, following an annual marginal growth of 0.6% in 2024. Additionally, companies filing for insolvency within the construction industry rose by 65.9% YoY in the first 11 months of 2024, preceded by a sharp annual growth of 48.8% in 2023, according to the Australian Securities and Investments Commission (ASIC). However, the construction industry is expected to gain positive momentum from 2025, supported by an anticipated recovery in the residential and infrastructure construction sectors.

Over the forecast period, the construction industry is expected to record an average annual growth rate of 2.9% from 2025 to 2028, supported by investments in the development of housing, transport, renewable energy, and manufacturing sectors. The infrastructure development will be supported by the prioritization of the AUD120 billion ($78.1 billion) 10-year infrastructure investment pipeline of nationally significant projects, with the Financial Year (FY) 2024-25 (July 2024 to June 2025) Budget providing AUD16.5 billion ($10.7 billion) over 10 years, for priority road and rail infrastructure projects by 2034

Scope

This report provides a comprehensive analysis of the construction industry in Australia. It provides -
  • Historical (2019-2023) and forecast (2024-2028) 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 our 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 business strategies 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

78 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 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 Key Industry Participants
6.1 Contractors
6.2 Consultants
7 Construction Market Data
8 Appendix
8.1 What is this Report About?
8.2 Definitions
8.3 CRI Methodology
About GlobalData
Contact Us
List of Tables
Table 1: Argentina Frozen Meat Market Value (ARS m) and Growth (Y-o-Y), 2018-23
Table 2: Argentina Frozen Meat Market Value (ARS m) and Growth (Y-o-Y), 2024-28
Table 3: Argentina Frozen Meat Market Value (USD m) and Growth (Y-o-Y), 2018-28
Table 4: Argentina Frozen Meat Market Value (ARS m) by Segments, 2018-23
Table 5: Argentina Frozen Meat Market Value (ARS m) by Segments, 2023-28
Table 6: Argentina Frozen Meat Market Value (USD m) by Segments, 2018-23
Table 7: Argentina Frozen Meat Market Value (USD m) by Segments, 2023-28
Table 8: Argentina Frozen Meat Market Volume (Kg m) and Growth (Y-o-Y), 2018-28
Table 9: Argentina Frozen Meat Market Volume (Kg m) by Segments, 2018-23
Table 10: Argentina Frozen Meat Market Volume (Kg m) by Segments, 2023-28
Table 11: Argentina Frozen Whole Cuts of Meat Market by Value (ARS m), 2018-23
Table 12: Argentina Frozen Whole Cuts of Meat Market by Value (ARS m), 2024-28
Table 13: Argentina Frozen Whole Cuts of Meat Market by Value (USD m), 2018-28
Table 14: Argentina Frozen Whole Cuts of Meat Market by Volume (Kg m), 2018-28
Table 15: Argentina Frozen Processed Meat Market by Value (ARS m), 2018-23
Table 16: Argentina Frozen Processed Meat Market by Value (ARS m), 2024-28
Table 17: Argentina Frozen Processed Meat Market by Value (USD m), 2018-28
Table 18: Argentina Frozen Processed Meat Market by Volume (Kg m), 2018-28
Table 19: Argentina Frozen Meat Market Value by Brands (ARS m), 2020-23
Table 20: Argentina Frozen Meat Market Value by Brands (USD m), 2020-23
Table 21: Argentina Frozen Meat Market Volume by Brands (Kg m), 2020-23
Table 22: Argentina Frozen Meat Market Value by Distribution Channel (ARS m), 2020-23
Table 23: Argentina Frozen Meat Market Value by Distribution Channel (USD m), 2020-23
Table 24: Category Definitions - Frozen Meat Market
Table 25: Distribution Channel Definitions Frozen Meat Market
Table 26: Volume Units for Frozen Meat Market
Table 27: Argentina Exchange Rate ARS - USD (Annual Average), 2018 - 2023
Table 28: Argentina Exchange Rate ARS - USD (Annual Average), 2024 - 2028 Forecast
List of Figures
Figure 1: Australasia, Construction Output (Real % Change), 2022-28
Figure 2: Australia, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Australia, Risk Summary
Figure 4: Australia, Risk Regional Comparison
Figure 5: Australia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Australia, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Australia, Total Value of Construction Work Done, AUD Billion Chain Volume Measure
Figure 8: Australia, Total Value of Building Construction Works Done, % Change YoY
Figure 9: Australia, Private Gross Fixed Capital Formation, Seasonally Adjusted Chain Volume Measures (AUD Billion, % Change YoY)
Figure 10: Australia, Construction Sector Jobs, in Thousands
Figure 11: Australia, Construction Wage Price Index, 2008-2009 = 100, Hourly Pay (Excluding Bonuses)
Figure 12: Australia, Construction Projects Momentum Index
Figure 13: Australasia, Construction Projects Momentum Index
Figure 14: Australia, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 15: Australia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: Australia, Nominal Value of Commercial Buildings Approved, in Thousands
Figure 17: Australia, Short-Term Visitor Arrivals, in Thousands
Figure 18: Australia, Tourism Sector Jobs, in Thousands
Figure 19: Australia, Retail Trade Turnover (AUD Billion, Seasonally Adjusted)
Figure 20: Australia, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 21: Australia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Australia, Nominal Value of Buildings Approved for Factories and Other Secondary Production Buildings (AUD Million)
Figure 23: Australia, Total Value of Mineral Exploration (in AUD Million)
Figure 24: Australia, Total Exports, Current Prices, (AUD Billion)
Figure 25: Australia, Number of New Vehicle Sales
Figure 26: Australia, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 27: Australia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Australia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 29: Australia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Australia, Total Value of Petroleum Exploration (in AUD Million)
Figure 31: Australia, Total Value of Natural Gas Exports (in AUD Million)
Figure 32: Australia, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 33: Australia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Australia, Institutional building approvals, in AUD Million
Figure 35: Australia, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 36: Australia, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 37: Australia, Total New Housing Loan Commitment, In AUD Billion, % Change YoY
Figure 38: Australia, Total Value of Residential Building Construction Work Done, AUD Billion Chain Volume Measure
Figure 39: Australia, Total Number of Dwelling Units Approved
Figure 40: Australia, Value of Owner Occupier First Home Buyer Loan Commitments (% Change YoY)
Figure 41: Australia, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 42: Australia, Headquarters of Key Consultants (% of Total Project Pipeline)

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