Australia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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Australia Construction Market Report Overview
The Australia construction market size was $186.5 billion in 2023. The market will achieve an AAGR of more than 2% during 2025-2028. Over the forecast period, the market growth can be attributed to the investment in the housing, renewable energy, health, education, and manufacturing sectors. Furthermore, investment as part of the National Road Safety Action Plan (2023-25) will also drive market growth. The plan outlines the steps that the federal, state, and territorial governments will undertake to decrease road accidents and casualties.
Australia Construction Market Outlook, 2023-2028 ($ Billion)
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The Australia construction market research report gives a comprehensive understanding of project types and construction activities in the country. The report analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. Furthermore, 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 Australia construction market growth in the coming years.
Market Size (2023) | $186.5 billion |
AAGR (2025-2028) | >2% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
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
The residential construction sector accounted for the highest market share in the Australia construction market in 2023
The key sectors in the Australia 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. Over the forecasted period, a rebound in tourism and retail activity, coupled with investment in leisure and hospitality and retail buildings will support the commercial sector’s output.
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. Growth during the forecast period can be attributed to an expected improvement in mining, manufacturing, and export activity, coupled with the government’s focus on strengthening its supply chains.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Over the forecast period, public and private sector investment in road, rail, and airport projects will support the sector’s growth.
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, in line with the government’s target to increase the share of renewable energy in the total electricity mix will support the sector’s growth.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. The sector’s growth during the forecast period can be attributed to investments in healthcare and educational buildings
Residential construction: The project types in this sector include single-family housing and multi-family housing. Over the forecast period, the sector’s growth can be attributed to an expected easing of interest rates and a subsequent rise in housing demand.
Australia Construction Market Analysis by Sectors, 2023 (%)
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Australia Construction Market - Competitive Landscape
Actividades de Construccion y Servicios SA emerged as the leading contractor and AECOM was the leading consultant in the Australia construction market in 2023
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 a majority of the project pipeline in the Australia construction market.
Australia Construction Market Analysis by Contractors, 2023 (%)
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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 in Australia are involved in most of the project pipeline by value.
Australia Construction Market Analysis by Consultants, 2023 (%)
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Australia Construction Market - Latest Developments
- The largest commercial project in the pipeline is the Bradfield City Center project, which involves the construction of the city center on 114ha of land. The mixed-use development will include commercial and community facilities.
- The largest industrial project in the pipeline is the Collinsville Green Hydrogen Hub, which involves the construction of a green hydrogen hub. The project involves the construction of storage units, production units, transmission lines, installation of machinery, and installation of safety and security systems.
Segments Covered in the Report
Australia Construction Sectors Outlook (Value, $ Billion, 2019-2028)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
Scope
This report provides a comprehensive analysis of the construction industry in Australia. It provides:
- Historical and forecast valuations of the construction industry in Australia, 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.
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Frequently asked questions
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What was the construction market size in Australia in 2023?
The construction market size in Australia was $186.5 billion in 2023.
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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 2025-2028.
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Which sector accounted for the highest share of the Australia construction market in 2023?
The residential construction sector accounted for the highest market share in the Australia construction market in 2023.
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Which are the leading contractors in the Australia construction market?
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, and Acciona SA.
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Which are the leading consultants in the Australia construction market?
A few of the leading consultants in the Australia construction market are AECOM, Arup Group Ltd, Aurecon Group Pty Ltd, Jacobs Solutions Inc, and Grimshaw Architects.
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