Construction in New Zealand – Key Trends and Opportunities to 2021

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Published: July 21, 2017 Report Code: GD-CN0348MR-ST

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In real terms, New Zealand’s construction industry registered an average annual growth rate of 7.3% during the review period (2012–2016). This growth was supported by government investments in the development of transport infrastructure, industrial parks, healthcare facilities and residential buildings.

The country’s construction industry is expected to continue to expand in real terms over the forecast period (2017–2021), driven by the government’s focus on the development of transport infrastructure, energy and utilities facilities.

Under the Thirty-Year New Zealand Infrastructure Plan 2015, the government plans to spend NZD157.9 billion (US$110.0 billion) to develop transport networks, reliable electricity infrastructure, clean drinking water pipelines, telecommunications infrastructure, schools and hospitals by 2025.

In real terms, the industry’s output value is forecast to record a compound annual growth rate (CAGR) of 4.04% over the forecast period, compared to 7.43% during the review period.

Scope

This report provides a comprehensive analysis of the construction industry in New Zealand. It provides:

• Historical (2012–2016) and forecast (2017–2021) valuations of the construction industry in New Zealand using construction output and value-add methods

• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type

• Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

• Analysis of key construction industry issues, including regulation, cost management, funding and pricing

• Detailed profiles of the leading construction companies in New Zealand

Key Highlights

• The government’s focus on providing affordable houses via social housing programs is expected to drive growth of the residential construction market over the forecast period. Under the Social Housing Reform Program, the government plans to bridge the gap between the demand and supply of affordable houses. For this, in 2016, the government announced plans to spend NZD207.4 million (US$144.5 million) to build affordable houses in the country by 2020, with an aim to build 100,000 affordable houses by 2025.

• The residential construction market is expected to be supported by rising residential building permits. According to Statistics New Zealand, total permits issued for the construction of houses across the country increased by 9.5%, rising from 18,012 units in 2015 to 19,721 units in 2016.

• The government is focusing on the construction and expansion of metro lines. The government plans to double the capacity of Auckland's metro rail network by 2020. Accordingly, under the City Rail Link (CRL) extension plan, it plans to build a new underground railway line through the Auckland city centre.

• The government launched the Ultra-Fast Broadband (UFB) and Rural Broadband Initiative (RBI2) in 2015. Under the RBI2 program, the government plans to provide at least 5 megabits per second (Mbps) to 90.0% of country’s rural population by 2025.

• The government’s commitment to providing a quality service in healthcare, as well as increased expenditures on healthcare and education, are expected to support the institutional construction market over the forecast period. In 2016 budget, the government increased its total spending on the healthcare sector by 29.4%, rising from NZD2.4 billion (US$1.7 billion) in 2015 to NZD3.2 billion (US$2.2 billion) in 2016.

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.

Sicon Ltd
Fulton Hogan Ltd
Naylor Love Construction
Faulkner Construction Ltd
Opus International Consultants Ltd

Table of Contents

1 Executive Summary

2 Industry Outlook

2.1 Commercial Construction

2.2 Industrial Construction

2.3 Infrastructure Construction

2.4 Energy and Utilities Construction

2.5 Institutional Construction

2.6 Residential Construction

3 Key Issues and Developments

4 Market Data Analysis

4.1 Construction Output and Value Add

4.1.1 Construction output by project type

4.1.2 Construction output by cost type

4.1.3 Construction output by activity type

4.1.4 Construction value add by project type

4.2 Commercial Construction

4.2.1 Commercial construction output by project type

4.2.2 Commercial construction output by cost type

4.2.3 Commercial construction output by activity type

4.2.4 Commercial construction value add by project type

4.3 Industrial Construction

4.3.1 Industrial construction output by project type

4.3.2 Industrial construction output by cost type

4.3.3 Industrial construction output by activity type

4.3.4 Industrial construction value add by project type

4.4 Infrastructure Construction

4.4.1 Infrastructure construction output by project type

4.4.2 Infrastructure construction output by cost type

4.4.3 Infrastructure construction output by activity type

4.4.4 Infrastructure construction value add by project type

4.5 Energy and Utilities Construction

4.5.1 Energy and utilities construction output by project type

4.5.2 Energy and utilities construction output by cost type

4.5.3 Energy and utilities construction output by activity type

4.5.4 Energy and utilities construction value add by project type

4.6 Institutional Construction

4.6.1 Institutional construction output by project type

4.6.2 Institutional construction output by cost type

4.6.3 Institutional construction output by activity type

4.6.4 Institutional construction value add by project type

4.7 Residential Construction

4.7.1 Residential construction output by project type

4.7.2 Residential construction output by cost type

4.7.3 Residential construction output by activity type

4.7.4 Residential construction value add by project type

5 Company Profile: Sicon Ltd

5.1 Sicon Ltd – Company Overview

5.2 Sicon Ltd – Business Description

5.3 Sicon Ltd – Main Services

5.4 Sicon Ltd – History

5.5 Sicon Ltd – Company Information

5.5.1 Sicon Ltd – key competitors

5.5.2 Sicon Ltd – key employees

6 Company Profile: Fulton Hogan Ltd

6.1 Fulton Hogan Ltd – Company Overview

6.2 Fulton Hogan Ltd – Business Description

6.3 Fulton Hogan Ltd – Main Products and Services

6.4 Fulton Hogan Ltd – History

6.5 Fulton Hogan Ltd – Company Information

6.5.1 Fulton Hogan Ltd – key competitors

6.5.2 Fulton Hogan Ltd – key employees

7 Company Profile: Naylor Love Construction

7.1 Naylor Love Construction – Company Overview

7.2 Naylor Love Construction – Main Services

7.3 Naylor Love Construction – History

7.4 Naylor Love Construction – Company Information

7.4.1 Naylor Love Construction – key competitors

7.4.2 Naylor Love Construction – key employees

8 Company Profile: Faulkner Construction Ltd

8.1 Faulkner Construction Ltd – Company Overview

8.2 Faulkner Construction Ltd – Main Services

8.3 Faulkner Construction Ltd – History

8.4 Faulkner Construction Ltd – Company Information

8.4.1 Faulkner Construction Ltd – key competitors

8.4.2 Faulkner Construction Ltd – key employee

9 Company Profile: Opus International Consultants Ltd

9.1 Opus International Consultants Ltd – Company Overview

9.2 Opus International Consultants Ltd – Business Description

9.3 Opus International Consultants Ltd – Main Services

9.4 Opus International Consultants Ltd – History

9.5 Opus International Consultants Ltd – Company Information

9.5.1 Opus International Consultants Ltd – key competitors

9.5.2 Opus International Consultants Ltd – key employees

10 Appendix

10.1 What is this Report About?

10.2 Definitions

10.3 Methodology

10.4 Contact GlobalData

10.5 About GlobalData

10.6 GlobalData’s Services

10.7 Disclaimer

Table

Table 1: New Zealand’s Construction Output by Project Type (NZD Million), 2012–2016

Table 2: New Zealand’s Construction Output by Project Type (NZD Million), 2016–2021

Table 3: New Zealand’s Construction Output by Cost Type (NZD Million), 2012–2016

Table 4: New Zealand’s Construction Output by Cost Type (NZD Million), 2016–2021

Table 5: New Zealand’s Construction Output by Activity Type (NZD Million), 2012–2016

Table 6: New Zealand’s Construction Output by Activity Type (NZD Million), 2016–2021

Table 7: New Zealand’s Construction Value Add by Project Type (NZD Million), 2012–2016

Table 8: New Zealand’s Construction Value Add by Project Type (NZD Million), 2016–2021

Table 9: New Zealand’s Commercial Construction Output by Project Type (NZD Million), 2012–2016

Table 10: New Zealand’s Commercial Construction Output by Project Type (NZD Million), 2016–2021

Table 11: New Zealand’s Commercial Construction Output by Cost Type (NZD Million), 2012– 2016

Table 12: New Zealand’s Commercial Construction Output by Cost Type (NZD Million), 2016– 2021

Table 13: New Zealand’s Commercial Construction Output by Activity Type (NZD Million), 2012–2016

Table 14: New Zealand’s Commercial Construction Output by Activity Type (NZD Million), 2016–2021

Table 15: New Zealand’s Commercial Construction Value Add by Project Type (NZD Million), 2012–2016

Table 16: New Zealand’s Commercial Construction Value Add by Project Type (NZD Million), 2016–2021

Table 17: New Zealand’s Industrial Construction Output by Project Type (NZD Million), 2012– 2016

Table 18: New Zealand’s Industrial Construction Output by Project Type (NZD Million), 2016– 2021

Table 19: New Zealand’s Industrial Construction Output by Cost Type (NZD Million), 2012– 2016

Table 20: New Zealand’s Industrial Construction Output by Cost Type (NZD Million), 2016– 2021

Table 21: New Zealand’s Industrial Construction Output by Activity Type (NZD Million), 2012–2016

Table 22: New Zealand’s Industrial Construction Output by Activity Type (NZD Million), 2016–2021

Table 23: New Zealand’s Industrial Construction Value Add by Project Type (NZD Million), 2012–2016

Table 24: New Zealand’s Industrial Construction Value Add by Project Type (NZD Million), 2016–2021

Table 25: New Zealand’s Infrastructure Construction Output by Project Type (NZD Million), 2012–2016

Table 26: New Zealand’s Infrastructure Construction Output by Project Type (NZD Million), 2016–2021

Table 27: New Zealand’s Infrastructure Construction Output by Cost Type (NZD Million), 2012–2016

Table 28: New Zealand’s Infrastructure Construction Output by Cost Type (NZD Million), 2016–2021

Table 29: New Zealand’s Infrastructure Construction Output by Activity Type (NZD Million), 2012–2016

Table 30: New Zealand’s Infrastructure Construction Output by Activity Type (NZD Million), 2016–2021

Table 31: New Zealand’s Infrastructure Construction Value Add by Project Type (NZD Million), 2012–2016

Table 32: New Zealand’s Infrastructure Construction Value Add by Project Type (NZD Million), 2016–2021

Table 33: New Zealand’s Energy and Utilities Construction Output by Project Type (NZD Million), 2012–2016

Table 34: New Zealand’s Energy and Utilities Construction Output by Project Type (NZD Million), 2016–2021

Table 35: New Zealand’s Energy and Utilities Construction Output by Cost Type (NZD Million), 2012–2016

Table 36: New Zealand’s Energy and Utilities Construction Output by Cost Type (NZD Million), 2016–2021

Table 37: New Zealand’s Energy and Utilities Construction Output by Activity Type (NZD Million), 2012–2016

Table 38: New Zealand’s Energy and Utilities Construction Output by Activity Type (NZD Million), 2016–2021

Table 39: New Zealand’s Energy and Utilities Construction Value Add by Project Type (NZD Million), 2012–2016

Table 40: New Zealand’s Energy and Utilities Construction Value Add by Project Type (NZD Million), 2016–2021

Table 41: New Zealand’s Institutional Construction Output by Project Type (NZD Million), 2012–2016

Table 42: New Zealand’s Institutional Construction Output by Project Type (NZD Million), 2016–2021

Table 43: New Zealand’s Institutional Construction Output by Cost Type (NZD Million), 2012– 2016

Table 44: New Zealand’s Institutional Construction Output by Cost Type (NZD Million), 2016– 2021

Table 45: New Zealand’s Institutional Construction Output by Activity Type (NZD Million), 2012–2016

Table 46: New Zealand’s Institutional Construction Output by Activity Type (NZD Million), 2016–2021

Table 47: New Zealand’s Institutional Construction Value Add by Project Type (NZD Million), 2012–2016

Table 48: New Zealand’s Institutional Construction Value Add by Project Type (NZD Million), 2016–2021

Table 49: New Zealand’s Residential Construction Output by Project Type (NZD Million), 2012–2016

Table 50: New Zealand’s Residential Construction Output by Project Type (NZD Million), 2016–2021

Table 51: New Zealand’s Residential Construction Output by Cost Type (NZD Million), 2012– 2016

Table 52: New Zealand’s Residential Construction Output by Cost Type (NZD Million), 2016– 2021

Table 53: New Zealand’s Residential Construction Output by Activity Type (NZD Million), 2012–2016

Table 54: New Zealand’s Residential Construction Output by Activity Type (NZD Million), 2016–2021

Table 55: New Zealand’s Residential Construction Value Add by Project Type (NZD Million), 2012–2016

Table 56: New Zealand’s Residential Construction Value Add by Project Type (NZD Million), 2016–2021

Table 57: Sicon Ltd, Key Facts

Table 58: Sicon Ltd, Main Services

Table 59: Sicon Ltd, History

Table 60: Sicon Ltd, Key Employees

Table 61: Fulton Hogan Ltd, Key Facts

Table 62: Fulton Hogan Ltd, Main Products and Services

Table 63: Fulton Hogan Ltd, History

Table 64: Fulton Hogan Ltd, Key Employees

Table 65: Naylor Love Construction, Key Facts

Table 66: Naylor Love Construction, Main Services

Table 67: Naylor Love Construction, History

Table 68: Naylor Love Construction, Key Employees

Table 69: Faulkner Construction Ltd, Key Facts

Table 70: Faulkner Construction Ltd, Main Services

Table 71: Faulkner Construction Ltd, History

Table 72: Faulkner Construction Ltd, Key Employee

Table 73: Opus International Consultants Ltd, Key Facts

Table 74: Opus International Consultants Ltd, Main Services

Table 75: Opus International Consultants Ltd, History

Table 76: Opus International Consultants Ltd, Key Employees

Table 77: GlobalData Construction Market Definitions

Figures

Figure 1: New Zealand’s Construction Output (Real US$ 2010, Million), 2012–2021

Figure 2: Growth Matrix for Construction Output in New Zealand (US$ Million), 2012–2021

Figure 3: New Zealand’s Construction Output by Project Type (NZD Million), 2012–2021

Figure 4: New Zealand’s Construction Output by Cost Type (NZD Million), 2012–2021

Figure 5: New Zealand’s Construction Output by Activity Type (NZD Million), 2012–2021

Figure 6: New Zealand’s Construction Value Add by Project Type (NZD Million), 2012–2021

Figure 7: New Zealand’s Commercial Construction Output by Project Type (NZD Million), 2012–2021

Figure 8: New Zealand’s Commercial Construction Output by Cost Type (NZD Million), 2012–2021

Figure 9: New Zealand’s Commercial Construction Output by Activity Type (NZD Million), 2012–2021

Figure 10: New Zealand’s Commercial Construction Value Add by Project Type (NZD Million), 2012–2021

Figure 11: New Zealand’s Industrial Construction Output by Project Type (NZD Million), 2012–2021

Figure 12: New Zealand’s Industrial Construction Output by Cost Type (NZD Million), 2012– 2021

Figure 13: New Zealand’s Industrial Construction Output by Activity Type (NZD Million), 2012–2021

Figure 14: New Zealand’s Industrial Construction Value Add by Project Type (NZD Million), 2012–2021

Figure 15: New Zealand’s Infrastructure Construction Output by Project Type (NZD Million), 2012–2021

Figure 16: New Zealand’s Infrastructure Construction Output by Cost Type (NZD Million), 2012–2021

Figure 17: New Zealand’s Infrastructure Construction Output by Activity Type (NZD Million), 2012–2021

Figure 18: New Zealand’s Infrastructure Construction Value Add by Project Type (NZD Million), 2012–2021

Figure 19: New Zealand’s Energy and Utilities Construction Output by Project Type (NZD Million), 2012–2021

Figure 20: New Zealand’s Energy and Utilities Construction Output by Cost Type (NZD Million), 2012–2021

Figure 21: New Zealand’s Energy and Utilities Construction Output by Activity Type (NZD Million), 2012–2021

Figure 22: New Zealand’s Energy and Utilities Construction Value Add by Project Type (NZD Million), 2012–2021

Figure 23: New Zealand’s Institutional Construction Output by Project Type (NZD Million), 2012–2021

Figure 24: New Zealand’s Institutional Construction Output by Cost Type (NZD Million), 2012–2021

Figure 25: New Zealand’s Institutional Construction Output by Activity Type (NZD Million), 2012–2021

Figure 26: New Zealand’s Institutional Construction Value Add by Project Type (NZD Million), 2012–2021

Figure 27: New Zealand’s Residential Construction Output by Project Type (NZD Million), 2012–2021

Figure 28: New Zealand’s Residential Construction Output by Cost Type (NZD Million), 2012– 2021

Figure 29: New Zealand’s Residential Construction Output by Activity Type (NZD Million), 2012–2021

Figure 30: New Zealand’s Residential Construction Value Add by Project Type (NZD Million), 2012–2021

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