Australia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027
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Reasons to buy the ‘Australia Construction’ market sizing report:
- Get a comprehensive outlook on the construction industry in Australia – states and territories.
- Access the historical and forecast valuations of the Australian construction industry along with details of key growth drivers.
- Examine the sectors and sub-sectors within the Australian construction market.
- Analyze the mega-project pipeline, including breakdowns by development stage across all sectors.
- Assess the projected spending on projects in the existing pipeline.
- Learn about the major projects in the Australian construction market, as well as details of the leading contractors and consultants working in the sector.
How is our ‘Australia Construction’ report unique from other reports in the market?
- Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.
- 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.
We recommend this valuable source of information to anyone involved in:
- Contractors Including Civil Works, Electrical, HVAC, and Others
- Consultants/Designers
- Building Material Merchants/Players
- Construction Equipment Suppliers
- Business Development and Market Intelligence
- Investment Analysts and Portfolio Managers
- Professional Services – Investment Banks, PE/VC firms/Portfolio Managers/Buy-side Firms/Insurance Companies
- M&A/Investment, Management Consultants, and Consulting Firms
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Australia Construction Market Overview
The Australia construction market size was $167.2 billion in 2022. The market is projected to achieve an AAGR of more than 2% during 2024-2027. The market growth is attributed to the government’s continued focus on infrastructure development, coupled with investment in the housing, renewable energy, health, education, and manufacturing sectors.
Australia Construction Market Outlook, 2022-2027 ($ Billion)
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The Australian construction market research report offers a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence the Australian construction market growth in the coming years.
Market Size (2022) | $167.2 billion |
AAGR (2024-2027) | >2% |
Forecast Period | 2024-2027 |
Historical Period | 2018-2023 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · Actividades de Construccion y Servicios SA
· China Communications Construction Group Ltd · Laing O’Rourke Corp Ltd · Ghella SpA · Acciona SA |
Key Consultants | · AECOM
· Arup Group Ltd · Aurecon Group Pty Ltd · Jacobs Solutions Inc · Grimshaw Architects |
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Australia Construction Market Segmentation by Sectors
Residential construction was the leading sector in the Australia construction market in 2022
The key sectors in the Australian construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. Subdued investor and consumer confidence amid elevated inflation and the slow normalization of the country’s tourism sector will affect the sector growth in the initial part of the forecast period. However, investment in office, retail, data center and sports infrastructure projects will drive the commercial sector’s growth over the remaining part of the forecast period.
Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. An improvement in manufacturing and export activity, coupled with a strong pipeline of mining projects will drive the sector’s growth during the forecast period. The government’s focus on strengthening the manufacturing sector will further support the industrial sector’s growth over the coming years.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Public and private sector investment in road, rail, and airport projects will support the sector growth over the forecast period.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. Investment in renewable energy projects will drive the sector growth over the forecast period. This investment is in line with the government’s target to increase the share of renewable energy in the country’s total electricity mix by 2030. Investment in oil and gas, water, and telecommunication infrastructure projects will also support the growth of the energy and utilities construction sector.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Investment in health, education, and research projects will fuel the growth of the institutional construction sector during the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. Rising construction material prices, high interest rates, and falling dwelling permits will impact the sector growth in the initial part of the forecast period. However, easing interest rates and an improvement in housing demand will drive the sector growth over the later part of the forecast period.
Australia Construction Market Analysis by Sectors, 2022 (%)
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Australia Construction Market - Competitive Landscape
Actividades de Construccion y Servicios SA emerged as the leading contractor AECOM as the leading consultant in the Australia construction market in 2022
A few of the leading contractors in the Australia construction market are:
- Actividades de Construccion y Servicios SA
- China Communications Construction Group Ltd
- Laing O’Rourke Corp Ltd
- Ghella SpA
- Acciona SA
Foreign contractors account for most of the project pipeline in the Australia construction market.
Australia Construction Market Analysis by Contractors, 2022 (%)
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A few of the leading consultants in the Australia construction market are:
- AECOM
- Arup Group Ltd
- Aurecon Group Pty Ltd
- Jacobs Solutions Inc
- Grimshaw Architects
Consultants with headquarters within Australia are involved in most of the project pipeline by value.
Australia Construction Market Analysis by Consultants, 2022 (%)
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Australia Construction Market - Latest Developments
- In October 2023, the US-based tech company Microsoft announced an investment for the construction of nine data centers in Canberra, Sydney, and Melbourne by 2030. The program also includes the construction of a data center academy in New South Wales by 2024.
- In December 2023, an Australia-based chocolate manufacturing company, Haigh’s Chocolates, announced that it will build a manufacturing facility in Salisbury, Adelaide. The project is expected to be completed by the second half of 2025.
Segments Covered in the Report
Australia Construction Sectors Outlook (Value, $ Billion, 2018-2027)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
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Frequently asked questions
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What was the Australia construction market size in 2022?
The construction market size in the Australia was $167.2 billion in 2022.
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What will the Australia construction market growth rate be during the forecast period?
The construction market in Australia is projected to achieve an AAGR of more than 2% during 2024-2027.
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Which was the leading sector in the Australia construction market in 2022?
Residential construction was the leading sector in the Australian construction market in 2022.
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Which are the leading contractors in the Australia construction market?
The leading contractors in the Australian construction market are Actividades de Construccion y Servicios SA, China Communications Construction Group Ltd, Laing O’Rourke Corp Ltd, Ghella SpA, and Acciona SA, among others.
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Who are the leading consultants in the Australia construction market?
The leading consultants in the Australian construction market AECOM, Arup Group Ltd, Aurecon Group Pty Ltd, Jacobs Solutions Inc, and Grimshaw Architects, among others.
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