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New Zealand Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)

Publisher GlobalData
Published Oct 31, 2025
Length 55 Pages
SKU # GBDT20635339

Description

New Zealand Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)

Summary

New Zealand’s construction industry is anticipated to contract by 3.3% in real terms in 2025, owing to rising debt, a fall in building permits, labor shortage, and in building permits, labor shortages, and increasing construction material costs-particularly for cement. According to the Financial Statements of the Government of New Zealand released in June 2025, the country’s net core Crown debt (public debt) stood at NZD182.8 billion ($110 billion) as of June 2025, marking a year-on-year (YoY) increase of 3.8% compared to the same period in 2024.

Over the remainder of the forecast period, however, the construction industry is expected to rebound at an average annual growth rate of 4.4% from 2026 to 2029, supported by investments in transport, health, and education infrastructure projects. Growth will also be driven by the government’s commitment to meet 100% of electricity demand from renewable sources by 2030 and achieve net-zero emissions by 2050. In August 2025, the New Zealand Transport Agency approved over NZD600 million ($362.1 million) for the development of a four-lane section of the Hawke’s Bay Expressway between Links Road/Pākōwhai Road and Taradale Road roundabouts, including a new grade-separated interchange. Construction is scheduled to begin in November 2025 and be completed by early 2028, with the interchange expected to finish by late 2029.

GlobalData’s Construction in New Zealand - Key Trends and Opportunities to 2029 (H2 2025) 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 (2020-2024) and forecast (2025-2029) 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 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

55 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
8 About GlobalData
9 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), 2020-29
Table 4: New Zealand, Top Commercial Construction Projects by Value
Table 5: New Zealand, Industrial Construction Output by Project Type (Real % Change), 2020-29
Table 6: New Zealand, Top Industrial Construction Projects by Value
Table 7: New Zealand, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 8: New Zealand, Top Infrastructure Construction Projects by Value
Table 9: New Zealand, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 10: New Zealand, Top Energy and Utilities Construction Projects by Value
Table 11: New Zealand, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 12: New Zealand, Top Institutional Construction Projects by Value
Table 13: New Zealand, Residential Construction Output by Project Type (Real % Change), 2020-29
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), 2023-29
Figure 2: New Zealand, Construction Output by Sector (Real % Change), 2023-25 and 2026-29
Figure 3: New Zealand, Risk Summary
Figure 4: New Zealand, Risk Regional Comparison
Figure 5: New Zealand, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020-29
Figure 6: New Zealand, Construction Output Value, by Sector (Real, $ Million), 2020-29
Figure 7: New Zealand, Construction Value-Add, (NZD Million, 2009/2010 Chain-Volume Measures)
Figure 8: New Zealand, Total Value of Building Work Put in Place, % Change YoY
Figure 9: New Zealand, Gross Fixed Capital Formation, (NZD million, 2009/2010 Chain-Volume Measures)
Figure 10: New Zealand, Total Value of Building Consents Issued, In NZD Million
Figure 11: New Zealand, Persons Employed by Employment Status in the Construction Industry, in Thousands
Figure 12: New Zealand, Producer Price Index (PPI) for Articles of Concrete, Cement, and Plaster (100=Dec 2009)
Figure 13: New Zealand, Construction Projects Momentum Index
Figure 14: Australasia, Construction Projects Momentum Index
Figure 15: New Zealand, Commercial Construction Output by Project Type (Real, $ Million), 2020-29
Figure 16: New Zealand, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 17: New Zealand, Total Value of Commercial Buildings Put in Place, NZD Million
Figure 18: New Zealand, Total Value of Commercial Building Consents Issued, In NZD Million
Figure 19: New Zealand, Accommodation and Food Services Value-add (NZD Million, 2009/2010 Chain-Volume Measures)
Figure 20: New Zealand, Retail and Wholesale Trade Value-Add (2009/2010 Chain-Volume Measures, NZD Billion)
Figure 21: New Zealand, Foreign Tourist Arrivals (In Thousands)
Figure 22: New Zealand, Retail Sales (NZD Billion)
Figure 23: New Zealand, Industrial Construction Output by Project Type (Real, $ Million), 2020-29
Figure 24: New Zealand, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 25: New Zealand, Manufacturing Value-Add (NZD Million, Seasonally Adjusted 2009/2010 Chain- Volume Measures)
Figure 26: New Zealand, Mining Value-Add (NZD Million, 2009/2010 Chain-Volume Measures)
Figure 27: New Zealand, Value of Industrial Building Consents Issued (NZD million)
Figure 28: New Zealand, Performance of Manufacturing Index, Seasonally Adjusted
Figure 29: New Zealand, Total Overseas Merchandise Export (NZD Billion)
Figure 30: New Zealand, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
Figure 31: New Zealand, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: New Zealand, Producers Price Index (PPI) for Civil Engineering Services (100=Dec 2009)
Figure 33: New Zealand, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 34: New Zealand, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 35: New Zealand, Electricity Generation and Consumption, % Change YoY
Figure 36: New Zealand, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 37: New Zealand, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 38: New Zealand, Healthcare and Educational Buildings Put in Place, % Change YoY
Figure 39: New Zealand, Value of Institutional Building Consents Issued (NZD Million)
Figure 40: New Zealand, Education Value-Add, 2009/2010 Chain-Volume Measures (NZD Million)
Figure 41: New Zealand, Healthcare Value-Add, 2009/2010 Chain-Volume Measures (NZD Million)
Figure 42: New Zealand, Residential Construction Output by Project Type (Real, $ Million), 2020-29
Figure 43: New Zealand, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 44: New Zealand, Total Value of Residential Building Work Put in Place, NZD Million
Figure 45: New Zealand, Total Number of New Dwellings Consented
Figure 46: New Zealand, House Sales
Figure 47: New Zealand, Housing Price Index (HPI)
Figure 48: New Zealand, Total Residential Investment (NZD Million)
Figure 49: New Zealand, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 50: New Zealand, Headquarters of Key Consultants (% of Total Project Pipeline)

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