New Zealand Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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New Zealand Construction Market Report Overview
The New Zealand construction market size was $56.3 billion in 2023. The market will achieve an AAGR of 3% during 2025-2028. The growth is attributed to the rising investment in transport, energy, housing, health, and education infrastructure projects.
New Zealand Construction Market Outlook, 2023-2028 ($ Billion)
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The New Zealand construction market research report offers a comprehensive understanding of project types and construction activities in the country. The market report 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 New Zealand construction market growth in the coming years.
Market Size (2023) | $56.3 billion |
AAGR (2025-2028) | 3% |
Forecast Period | 2025-2028 |
Historical Period | 2018-2023 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · Downer EDI Ltd.
· Vinci SA · Fulton Hogan Ltd. · Hawkins Construction · Fletcher Building Ltd. |
Key Consultants | · Mott MacDonald Group Ltd.
· Beca Group Ltd. · Jacobs Engineering Group Inc. · Resolve Group Ltd. · Tonkin + Taylor Pty Ltd. · WSP Global Inc. |
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New Zealand Construction Market Segmentation by Sectors
Residential construction was the leading sector in the New Zealand construction market in 2023
The key sectors in the New Zealand construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. In 2023, the residential construction sector accounted for the highest market share, followed by infrastructure construction.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The public and private sector investment in road, rail, and airport projects across the country will support the sector’s growth during the forecast period.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The residential construction industry will recover over the forecast period owing to the rising investments in providing affordable and public housing units.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The government’s focus on the development of renewable energy infrastructure, as well as investment in water infrastructure and the oil and gas industry, will drive the sector growth between 2025 and 2028.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. Factors such as investment in tourism, hotel, logistics, and data center projects will drive the commercial sector’s growth over 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. Investments in the country’s industrial and manufacturing projects, coupled with an improvement in the country’s economy will drive the sector’s growth during the forecast period.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Factors such as improvement in private participation in the country’s education and healthcare sectors and growing investment in institutional development projects will fuel the sector growth in the coming years.
New Zealand Construction Market Analysis by Sectors, 2023 (%)
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New Zealand Construction Market - Competitive Landscape
Downer EDI Ltd.was the leading contractor and Mott MacDonald Group Ltd was the leading consultant in the New Zealand construction market in 2023
A few of the leading contractors in the New Zealand construction market are:
- Downer EDI Ltd.
- Vinci SA
- Fulton Hogan Ltd.
- Hawkins Construction
- Fletcher Building Ltd.
Domestic and foreign contractors account for an equal share of the overall project pipeline by value, featuring only projects for which a consultant has been appointed. Among foreign firms, firms based in Australia are the dominant contractors, followed by contractors from France and South Africa.
New Zealand Construction Market Analysis by Contractors, 2023 (%)
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A few of the leading consultants in the New Zealand construction market are:
- Mott MacDonald Group Ltd.
- Beca Group Ltd.
- Jacobs Engineering Group Inc.
- Resolve Group Ltd.
- Tonkin + Taylor Pty Ltd.
- WSP Global Inc.
Consultants with headquarters within New Zealand are involved in most of the project pipeline by value.
New Zealand Construction Market Analysis by Consultants, 2023 (%)
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New Zealand Construction Market - Latest Developments
- In January 2024, the renewable energy company, Lodestone Energy, secured an approval to develop three solar projects on the South Island, with an initial funding of NZD406.8 million ($250 million) by the end of 2026.
- In November 2023, ASB (Auckland Savings Bank) announced NZD813.6 million ($500 million) Accelerate Housing Fund for the construction of 1,000 new homes which will be completed by 2025.
Segments Covered in the Report
New Zealand 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 New Zealand.
- Historical and forecast valuations of the construction industry in New Zealand, 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
- 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.
Table of Contents
Table
Figures
Frequently asked questions
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What was the New Zealand construction market size in 2023?
The construction market size in New Zealand was $56.3 billion in 2023.
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What will the New Zealand construction market growth rate be during the forecast period?
The construction market in New Zealand is projected to achieve an AAGR of 3% during 2025-2028.
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Which was the leading sector in the New Zealand construction market in 2023?
Residential construction was the leading sector in the New Zealand construction market in 2023.
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Which are the leading contractors in the New Zealand construction market?
The leading contractors in the New Zealand construction market are Downer EDI Ltd., Vinci SA, Fulton Hogan Ltd., Hawkins Construction, and Fletcher Building Ltd. among others.
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Who are the leading consultants in the New Zealand construction market?
The leading consultants in the New Zealand construction market are Mott MacDonald Group Ltd., Beca Group Ltd., Jacobs Engineering Group Inc., Resolve Group Ltd., Tonkin + Taylor Pty Ltd., and WSP Global Inc. among others.
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