
Construction in New Zealand
Description
Construction in New Zealand
Summary
Construction in New Zealand industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Construction in New Zealand industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Construction market includes both residential and non-residential construction. Market value refers to the total output value of construction activity in a specific year. Construction output value is defined as the total value of construction activity in any given period, including costs related to all materials, equipment, and services used.
- The New Zealand construction industry recorded revenues of $57.2 billion in 2024, representing a compound annual growth rate (CAGR) of 5.2% between 2019 and 2024.
- The non-residential segment accounted for the industry's largest proportion in 2024, with total revenues of $32.2 billion, equivalent to 56.3% of the industry's overall value.
- In 2024, the New Zealand construction industry recorded an annual contraction of 5.4%. The contraction is attributed to a decline in residential construction activity. Rising construction costs, combined with high interest rates and tighter lending conditions, led to a slowdown in new housing permits. According to New Zealand, in June 2024, the housing building permits in New Zealand reached 2,350, down from 2,930 in February 2024.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the construction market in New Zealand
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in New Zealand
- Leading company profiles reveal details of key construction market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the New Zealand construction market with five year forecasts
- What was the size of the New Zealand construction market by value in 2024?
- What will be the size of the New Zealand construction market in 2029?
- What factors are affecting the strength of competition in the New Zealand construction market?
- How has the market performed over the last five years?
- What are the main segments that make up New Zealand's construction market?
Table of Contents
41 Pages
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. Fletcher Building Ltd
- 8.2. Fulton Hogan Ltd
- 8.3. HEB Construction Ltd
- 8.4. Downer New Zealand Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: New Zealand construction industry value: $ million, 2019-24
- Table 2: New Zealand construction industry category segmentation: % share, by value, 2019-24
- Table 3: New Zealand construction industry category segmentation: $ million, 2019-24
- Table 4: New Zealand construction industry geography segmentation: $ million, 2024
- Table 5: New Zealand construction industry value forecast: $ million, 2024-29
- Table 6: Fletcher Building Ltd: Key Facts
- Table 7: Fletcher Building Ltd: Annual Financial Ratios
- Table 8: Fletcher Building Ltd: Key Employees
- Table 9: Fulton Hogan Ltd: Key Facts
- Table 10: Fulton Hogan Ltd: Key Employees
- Table 11: HEB Construction Ltd: Key Facts
- Table 12: HEB Construction Ltd: Key Employees
- Table 13: Downer New Zealand Ltd: Key Facts
- Table 14: Downer New Zealand Ltd: Key Employees
- Table 15: New Zealand Size of Population (Million), 2020-24
- Table 16: New Zealand Real GDP (Constant 2010 Prices, $ Billion), 2020-24
- Table 17: New Zealand GDP (Current Prices, $ Billion), 2020-24
- Table 18: New Zealand Inflation, 2020-24
- Table 19: New Zealand Consumer Price Index (Absolute), 2020-24
- Table 20: New Zealand Exchange Rate, 2019-24
- List of Figures
- Figure 1: New Zealand construction industry value: $ million, 2019-24
- Figure 2: New Zealand construction industry category segmentation: $ million, 2019-24
- Figure 3: New Zealand construction industry geography segmentation: % share, by value, 2024
- Figure 4: New Zealand construction industry value forecast: $ million, 2024-29
- Figure 5: Forces driving competition in the construction industry in New Zealand, 2024
- Figure 6: Drivers of buyer power in the construction industry in New Zealand, 2024
- Figure 7: Drivers of supplier power in the construction industry in New Zealand, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the construction industry in New Zealand, 2024
- Figure 9: Factors influencing the threat of substitutes in the construction industry in New Zealand, 2024
- Figure 10: Drivers of degree of rivalry in the construction industry in New Zealand, 2024
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