Australia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027

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Australia Construction Market Report 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)

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 (%)

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 (%)

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 (%)

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

Scope

This report provides:

  • A comprehensive analysis of the construction industry in Australia.
  • Historical and forecast valuations of the construction industry in Australia, featuring details of key growth drivers.
  • Segmentation by sector 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

This report provides:

  • A comprehensive analysis of the construction industry in Australia.
  • Historical and forecast valuations of the construction industry in Australia, featuring details of key growth drivers.
  • Segmentation by sector 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.

Table of Contents

  • 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

      • 4.1.1. Outlook
      • 4.1.2. Latest news and developments
      • 4.1.3. Construction Projects Momentum Index

    • 4.2. Commercial Construction

      • 4.2.1. Outlook
      • 4.2.2. Project analytics
      • 4.2.3. Latest news and developments

    • 4.3. Industrial Construction

      • 4.3.1. Outlook
      • 4.3.2. Project analytics
      • 4.3.3. Latest news and developments

    • 4.4. Infrastructure Construction

      • 4.4.1. Outlook
      • 4.4.2. Project analytics
      • 4.4.3. Latest news and developments

    • 4.5. Energy and Utilities Construction

      • 4.5.1. Outlook
      • 4.5.2. Project analytics
      • 4.5.3. Latest news and developments

    • 4.6. Institutional Construction

      • 4.6.1. Outlook
      • 4.6.2. Project analytics
      • 4.6.3. Latest news and developments

    • 4.7. Residential Construction

      • 4.7.1. Outlook
      • 4.7.2. Project analytics
      • 4.7.3. Latest news and developments

  • 5. Construction Outlook – States and Territories

    • 5.1. New South Wales
    • 5.2. Victoria
    • 5.3. Queensland
    • 5.4. South Australia
    • 5.5. Western Australia
    • 5.6. Tasmania
    • 5.7. Northern Territory
    • 5.8. Australian Capital Territory

  • 6. Key Industry Participants

    • 6.1. Contractors
    • 6.2. Consultants

  • 7. Construction Market Data
  • 8. Appendix

    • 8.1. What is this Report About?
    • 8.2. Definitions
    • 8.3. CRI Methodology

  • 9. About GlobalData
  • 10. Contact Us

Table

Table 1: Construction Industry Key Data

Table 2: Australia, Key Economic Indicators

Table 3: Australia, Commercial Construction Output by Project Type (Real % Change), 2018–27

Table 4: Australia, Top Commercial Construction Projects by Value

Table 5: Australia, Industrial Construction Output by Project Type (Real % Change), 2018–27

Table 6: Australia, Top Industrial Construction Projects by Value

Table 7: Australia, Infrastructure Construction Output by Project Type (Real % Change), 2018–27

Table 8: Australia, Top Infrastructure Construction Projects by Value

Table 9: Australia, Energy and Utilities Construction Output by Project Type (Real % Change), 2018–27

Table 10: Australia, Top Energy and Utilities Construction Projects by Value

Table 11: Australia, Institutional Construction Output by Project Type (Real % Change), 2018–27

Table 12: Australia, Top Institutional Construction Projects by Value

Table 13: Australia, Residential Construction Output by Project Type (Real % Change), 2018–27

Table 14: Australia, Top Residential Construction Projects by Value

Table 15: Australia, Key Contractors

Table 16: Australia, Key Consultants

Table 17: Australia, Construction Output Value (Real, $ Million)

Table 18: Australia, Construction Output Value (Nominal, AUD Million)

Table 19: New South Wales, Construction Output Value (Real, $ Million)

Table 20: New South Wales, Construction Output Value (Nominal, AUD Million)

Table 21: Victoria, Construction Output Value (Real, $ Million)

Table 22: Victoria, Construction Output Value (Nominal, AUD Million)

Table 23: Queensland, Construction Output Value (Real, $ Million)

Table 24: Queensland, Construction Output Value (Nominal, AUD Million)

Table 25: South Australia, Construction Output Value (Real, $ Million)

Table 26: South Australia, Construction Output Value (Nominal, AUD Million)

Table 27: Western Australia, Construction Output Value (Real, $ Million)

Table 28: Western Australia, Construction Output Value (Nominal, AUD Million)

Table 29: Tasmania, Construction Output Value (Real, $ Million)

Table 30: Tasmania, Construction Output Value (Nominal, AUD Million)

Table 31: Northern Territory, Construction Output Value (Real, $ Million)

Table 32: Northern Territory, Construction Output Value (Nominal, AUD Million)

Table 33: Australia Capital Territory, Construction Output Value (Real, $ Million)

Table 34: Australia Capital Territory, Construction Output Value (Nominal, AUD Million)

Table 35: GlobalData Construction Market Definitions

Table 36: Risk Dimensions

Table 37: Ratings, Scores and Definitions

Figures

Figure 1: Australasia, Construction Output (Real % Change), 2021–27

Figure 2: Australia, Construction Output by Sector (Real % Change), 2021–23 and 2024–27

Figure 3: Australia, Risk Summary

Figure 4: Australia, Risk Regional Comparison

Figure 5: Australia, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2018–27

Figure 6: Australia, Construction Output Value, by Sector (Real, $ Million), 2018–27

Figure 7: Australia, Total Value of Construction Work Done, AUD Billion Chain Volume Measure

Figure 8: Australia, Total Value of Building Construction Works Done, % Change YoY

Figure 9: Australia, Private Gross Fixed Capital Formation, Seasonally Adjusted Chain Volume Measures, in AUD Billion, % Change YoY

Figure 10: Australia, Construction Sector Jobs, in Thousands

Figure 11: Australia, Construction Wage Price Index, 2008-2009 = 100, Hourly Pay (Excluding Bonuses)

Figure 12: Australia, Construction Projects Momentum Index

Figure 13: Australasia, Construction Projects Momentum Index

Figure 14: Australia, Commercial Construction Output by Project Type (Real, $ Million), 2018–27

Figure 15: Australia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 16: Australia, Nominal Value of Commercial Buildings Approved, % Change YoY

Figure 17: Australia, Short-Term Visitor Arrivals, in Thousands

Figure 18: Australia, Tourism Sector Jobs, in Thousands

Figure 19: Australia, Retail Trade Turnover (in AUD Billion), Seasonally Adjusted

Figure 20: Australia, Industrial Construction Output by Project Type (Real, $ Million), 2018–27

Figure 21: Australia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 22: Australia, Nominal Value of Buildings Approved for Factories and Other Secondary Production Buildings, in AUD Million

Figure 23: Australia, Total Value of Mineral Exploration (in AUD Million)

Figure 24: Australia, Total Exports, Current Prices, (AUD Billion)

Figure 25: Australia, Number of New Vehicle Sales

Figure 26: Australia, Infrastructure Construction Output by Project Type (Real, $ Million), 2018–27

Figure 27: Australia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 28: Australia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018–27

Figure 29: Australia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 30: Australia, Total Value of Petroleum Exploration (in AUD Million)

Figure 31: Australia, Total Value of Natural Gas Exports (in AUD Million)

Figure 32: Australia, Institutional Construction Output by Project Type (Real, $ Million), 2018–27

Figure 33: Australia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 34: Australia, Nominal Value of Buildings Approved for Education and Health Purpose, in AUD Million

Figure 35: Australia, Residential Construction Output by Project Type (Real, $ Million), 2018–27

Figure 36: Australia, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 37: Australia, Total Value of Residential Building Construction Work Done, AUD Billion Chain Volume Measure

Figure 38: Australia, Total Number of Dwelling Units Approved

Figure 39: Australia, Total New Housing Loan Commitment, In AUD Billion, % Change YoY

Figure 40: Australia, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 41: Australia, Headquarters of Key Consultants (% of Total Project Pipeline)

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