Heavy Industry and Other Non-Building Construction in Australia - Industry Market Research Report

Heavy Industry and Other Non-Building Construction in Australia

The Heavy Industry and Other Non-Building Construction industry deliver infrastructure projects for public and private sector clients. Work on landmark railway developments, renewable power generation infrastructure and water and sewerage facilities have underpinned the industry's expansion in recent years. These projects have helped cushion the industry from the lack of giant mining developments and the completion of several huge LNG projects. The effective completion of the NBN rollout in 2020 also dampened activity in the telecommunications market. Industry revenue is expected to climb at an annualised 3.0% through 2022-23, to reach a record $51.9 billion. This trend includes 3.6% growth in 2022-23 alone. Industry profitability has strengthened in recent years. But many contractors are grappling with project delays stemming from supply chain blockages through the COVID-19 pandemic.

Industry companies primarily construct engineering projects or infrastructure, such as railways, dams, irrigation systems, harbour and river works, and water and gas supply systems. Projects also include oil refineries (excluding buildings); pipelines; on-site boiler assembly, furnaces or heavy electrical machinery from prefabricated components; and general repairs of such structures, machinery and equipment.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.