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New Zealand Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027

Publisher GlobalData
Published Feb 28, 2023
Length 52 Pages
SKU # GBDT17840248

Description

New Zealand Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027

Summary

GlobalData expects New Zealand’s construction industry to grow by 1.8% in real terms in 2023, following an estimated growth of 2.5% in 2022. Growth is expected to slow this year due to the impact of elevated material, energy and labor costs and the continued tightening of monetary policy by the Reserve Bank of New Zealand (RBNZ), on both economic and construction industry growth in the coming quarters.

Over the remainder of the forecast period, between 2024 and 2027, New Zealand’s construction industry is expected to record an annual average growth of 3.3%, supported by investment in transport, energy, and housing projects. With an investment of NZD34.6 billion ($21.5 billion), the government plans to develop land transport services across the country under the 2021–24 National Land Transport Program (NLTP). Construction industry growth will also be supported by the government’s aim to generate 100% of its electricity demand from renewable sources by 2030 and achieve its net-zero emissions target by 2050.

In October 2022, the government announced that it will invest NZD192 million ($119.3 million) in several housing developments and infrastructure projects across parts of regional New Zealand. More than half of the new funding – NDZ98.9 million ($61.5 million) will go towards Lower Hutt’s RiverLink and Valley Floor intensification project. Through this investment, the government is also expected to supply 11,500 homes across multiple housing developments over the next 10-15 years, including affordable and public housing.

This report provides detailed market analysis, information, and insights into New Zealand’s construction industry, including -
  • New Zealand’s 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 New Zealand’s 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 New Zealand. It provides -
  • Historical (2018–2022) and forecast (2023–2027) valuations of the construction industry in New Zealand, 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

52 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 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
7.4 GlobalData Construction
Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: New Zealand, Key Economic Indicators
Table 3: New Zealand, Commercial Construction Output by Project Type (Real % Change), 2018–27
Table 4: New Zealand, Top Commercial Construction Projects by Value
Table 5: New Zealand, Industrial Construction Output by Project Type (Real % Change), 2018–27
Table 6: New Zealand, Top Industrial Construction Projects by Value
Table 7: New Zealand, Infrastructure Construction Output by Project Type (Real % Change), 2018–27
Table 8: New Zealand, Top Infrastructure Construction Projects by Value
Table 9: New Zealand, Energy and Utilities Construction Output by Project Type (Real % Change), 2018–27
Table 10: New Zealand, Top Energy and Utilities Construction Projects by Value
Table 11: New Zealand, Institutional Construction Output by Project Type (Real % Change), 2018–27
Table 12: New Zealand, Top Institutional Construction Projects by Value
Table 13: New Zealand, Residential Construction Output by Project Type (Real % Change), 2018–27
Table 14: New Zealand, Top Residential Construction Projects by Value
Table 15: New Zealand, Key Contractors
Table 16: New Zealand, Key Consultants
Table 17: New Zealand, Construction Output Value (Real, $ Million)
Table 18: New Zealand, Construction Output Value (Nominal, NZD Million)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Australasia, Construction Output (Real % Change), 2021–27
Figure 2: New Zealand, Construction Output by Sector (Real % Change), 2021–23 and 2024–27
Figure 3: New Zealand, Risk Summary
Figure 4: New Zealand, Risk Regional Comparison
Figure 5: New Zealand, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2018–27
Figure 6: New Zealand, Construction Output Value, by Sector (Real, $ Million), 2018–27
Figure 7: New Zealand, Construction Value Add, (NZD Million, 2009/2010 Chain-Volume Measures)
Figure 8: New Zealand, Gross Fixed Capital Formation, (NZD million, 2009/2010 Chain-Volume Measures)
Figure 9: New Zealand, Total Value of Building Consents Issued, % Change YoY
Figure 10: New Zealand, Total Value of Building Work Put in Place, % Change YoY
Figure 11: New Zealand, People Employed in Construction, in Thousands
Figure 12: New Zealand, Construction Projects Momentum Index
Figure 13: Region, Construction Projects Momentum Index
Figure 14: New Zealand, Commercial Construction Output by Project Type (Real, $ Million), 2018–27
Figure 15: New Zealand, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 16: New Zealand, Accommodation and Food Services Value Add (NZD Million, 2009/2010 Chain-Volume Measures)
Figure 17: New Zealand, Retail and Wholesale Trade Value Add (2009/2010 Chain-Volume Measures, NZD Billion)
Figure 18: New Zealand, Commercial Buildings Put in Place (NZD Million)
Figure 19: New Zealand, Foreign Tourist Arrivals (In Thousands)
Figure 20: New Zealand, Retail Sales (NZD Billion)
Figure 21: New Zealand, Industrial Construction Output by Project Type (Real, $ Million), 2018–27
Figure 22: New Zealand, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: New Zealand, Value of Industrial Building Consents Issued (NZD million)
Figure 24: New Zealand, Manufacturing Value Add (NZD Million, Seasonally Adjusted 2009/2010 Chain-Volume Measures)
Figure 25: New Zealand, Mining Value Add (NZD Million, 2009/2010 Chain-Volume Measures)
Figure 26: New Zealand, Performance of Manufacturing Index, Seasonally Adjusted
Figure 27: New Zealand, Total Overseas Merchandise Export (NZD Billion)
Figure 28: New Zealand, Infrastructure Construction Output by Project Type (Real, $ Million), 2018–27
Figure 29: New Zealand, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: New Zealand, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018–27
Figure 31: New Zealand, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: New Zealand, Electricity Generation and Consumption, % Change YoY
Figure 33: New Zealand, Institutional Construction Output by Project Type (Real, $ Million), 2018–27
Figure 34: New Zealand, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 35: New Zealand, Education Value Add, 2009/2010 Chain-Volume Measures (NZD Million)
Figure 36: New Zealand, Healthcare Value Add, 2009/2010 Chain-Volume Measures (NZD Million)
Figure 37: New Zealand, Healthcare and Educational Buildings Put in Place, % Change YoY
Figure 38: New Zealand, Value of Institutional Building Consents Issued (NZD Million)
Figure 39: New Zealand, Residential Construction Output by Project Type (Real, $ Million), 2018–27
Figure 40: New Zealand, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 41: New Zealand, Total Value of Residential Building Work Put in Place, NZD Million
Figure 42: New Zealand, Total Number of New Dwellings Consented
Figure 43: New Zealand, House Sales, in Thousands
Figure 44: New Zealand, Housing Price Index (HPI)
Figure 45: New Zealand, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 46: New Zealand, Headquarters of Key Consultants (% of Total Project Pipeline)

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